Document:

Exhibit 10.1

November 8, 2004

Mr. David Godsell
Alcan Rolled Products Americas and Asia
6060 Parkland Blvd.
Cleveland, OH 44124

Dear David,

This offer of employment represents another truly exciting and historic step
along the path in the creation of Novelis Inc. This is, in fact, the first
instance where the Alcan and Novelis names and logos have appeared together. As
one of the key leaders who will have a direct impact on this new company, I
trust you are as enthused as I am about this opportunity. Unlike anything we
have been involved with in the past, this is truly a once in a career event, and
we need to recognize and capitalize off the fabulous chance that we are being
given.

In this letter I will address the specific terms and conditions of your offer,
however, there are a few key points that I would like to bring to your attention
first. Please recall that it is the fiduciary responsibility of the Alcan Board
of Directors to establish the preliminary terms and conditions of employment for
Novelis. For the most part, this means that what exists at present within Alcan,
in the form of programs and benefits, will continue through the transition from
Alcan to Novelis. Following the completion of the spin in 2005, we will be
reviewing the full array of employee compensation and benefit offerings to
custom fit these to our new business. You will be fully engaged as we go through
this process.

For these reasons I will not go through a complete review of those things being
cloned or replicated from Alcan, but rather will touch on significant points and
those things that involve a change.

POSITION TITLE

I am pleased to confirm the offer of Vice President, Human Resources and EHS
with Novelis Inc.

EMPLOYMENT DATE

This offer is obviously predicated on the spin being completed and the creation
of Novelis. We continue to believe that this will occur on schedule around
year-end. That being the case, this offer would become effective January 1,
2005.

RECOGNITION OF ALCAN SERVICE

Novelis will recognize Alcan and predecessor company service for the purposes of
vacation and any other plan where service is used in providing a benefit.

BASE SALARY

Your base salary will be adjusted to $310,000.00. This salary recommendation was
arrived at following a review by Towers Perrin of similar positions in
comparably sized organizations. This was reviewed by Alcan's management and
approved by the Human Resources Committee of the Board of Directors. While
further analysis will be conducted, it does give us a starting point from which
to develop our cash compensation model. Using the Alcan salary scale, this
position has been set at an equivalent of job grade 47.

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Page 2 of 3

EXECUTIVE PERFORMANCE AWARD 2004

Your participation in the 2004 Executive Performance Award plan continues
uninterrupted to year-end at your existing Alcan job grade and will be paid out
in the same timeframe and manner as you have experienced in the past.

EXECUTIVE PERFORMANCE AWARD 2005

Novelis will institute a short-term incentive program for the 2005 plan year
conceptually similar to the existing Alcan plan. It is possible that the
financial metrics will be adjusted to better fit the new business. The target
guideline for job grade 47 is 55%. More information will be forthcoming on this
as it is developed.

TOTAL SHAREHOLDER RETURN (TSR) PERFORMANCE PLAN

Your participation in the Alcan TSR program will be terminated on the date of
the spin-off.

You will have noted in the 2004 Long Term Incentive (LTI) program, the normal
50% TSR portion was issued in the form of share options.

Discussions continue to determine the most equitable way to handle TSR tranches
1 (2002) and 2 (2003) for the Novelis employees. You will be informed as soon as
a final conclusion is reached on this.

Novelis will be instituting a Long Term Incentive Program (LTI) the details of
which will require approval of the Board of Directors for the new company. More
information about the new program will be shared when information becomes
available.

SHARE OPTIONS

Your current Alcan share options will be converted to Novelis share options
based on the total value of the Alcan stock options and the time of spin-off.
That is, the number of Novelis share options to you will be adjusted to preserve
the value of your current Alcan stock options on the date of the spin-off.

U.S. DEFERRED COMPENSATION PLAN

Alcan will maintain your deferred compensation account and be subject to the
elections that you made. Given the nature of this plan, there is no plan to
create a deferred compensation plan within Novelis at the point of the spin-off.
This will be reviewed in due course.

CHANGE IN CONTROL AGREEMENT

A Change in Control Agreement has been prepared for you to relieve any personal
uncertainties you may have stemming out of the transaction such that you can
focus 100% of your effort on making this venture successful. This agreement will
be provided to you under separate cover.

BENEFIT PLANS

Your participation in the Alcan retirement and health and welfare benefit plans
will continue up to the point of spin. Novelis will adopt plans with provisions
for the most part identical to those currently in effect within Alcan.

MISCELLANEOUS PLANS

Participation in other plans (e.g. Flexperks, Auto, Executive Physical Exams)
will continue as they exist today.

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Page 3 of 3

As part of the process I would ask that you sign this offer and return it to me
at your earliest convenience. I look forward to the challenges that we will face
together and turn into successes.

Yours truly,

/s/ Brian W. Sturgell

Brian Sturgell
Chief Executive Officer

Accepted /s/ David Godsell                           date November 10, 2004

<PAGE>

CHANGE OF CONTROL AGREEMENT made as of the _____________, between:

                 Alcan Inc., a corporation incorporated under the laws of Canada
                 with its registered office at 1188 Sherbrooke Street West,
                 Montreal, Quebec, Canada H3A 3G2 ("Alcan");

                 Mr. David K. Godsell (the "Executive").

WHEREAS, Alcan has announced its intention to spin off its Rolled Products
Business (as hereinafter defined) to Novelis Inc. in the manner described in
Alcan's current Form 10 registration statement filed with the Securities
Exchange Commission;

WHEREAS, the Executive has been identified as a key member of the Rolled
Products Business and is expected to transfer employment to Novelis Inc. in the
role of Vice President, Human Resources and EHS;

WHEREAS Alcan acknowledges that the spin off or any other transaction in
replacement thereof that would result in a change of control of all or
substantially all of the Rolled Products Business, with the attendant
uncertainties and risks, may result in the departure or distraction of key
employees to the detriment of Alcan;

WHEREAS, Alcan has determined that it is appropriate to take steps to induce key
employees to remain as such, and to reinforce and encourage their continued
attention and dedication, when faced with the uncertainty surrounding the said
transfer of control; and

WHEREAS Alcan will, as a condition of the change of control of the Rolled
Products Business, cause the acquirer to assume all liability for the
undertakings to the Executive in this Agreement beginning from the date of the
said change of control.

NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties hereto hereby agree as follows:

1.   DEFINITIONS

"Rolled Products Business" shall mean the majority of Alcan's rolled products
--------------------------
assets and certain alumina and primary metal related assets in Brazil,
substantially as detailed in Alcan's current Form 10 registration statement
filed with the Securities Exchange Commission, and shall include where
appropriate shares in relevant subsidiaries.

"Acquirer" shall mean the acquirer of the Rolled Products Business from Alcan,
----------
which Acquirer may at the time of the Change of Control be a subsidiary of Alcan
or an independent third party (including Novelis Inc.);

                                        1
<PAGE>

"Chanqe of Control" shall mean the transfer, by sale or otherwise, of the Rolled
-------------------
Products Business by Alcan to the Acquirer.

"Date of Termination" with respect to any purported termination of the
---------------------
Executive's employment after a Change of Control, shall mean the date specified
in the notice of termination. In the case of a termination by the Employer, the
Date of Termination shall not be less than 30 days after the Change of Control
except in the case of a termination for Cause, which shall be the date specified
in the notice of termination. In the case of a termination by the Executive for
Good Reason, the Date of Termination shall not be earlier than 90 days after the
Change of Control.

"Employer" shall mean the employer of the Executive at the time of his or her
----------
Date of Termination;

"Special Termination Indemnity Payment" shall mean an amount equal to 24 months
---------------------------------------
of the Executive's total cash compensation (i.e. base salary plus EPA Guideline
amount) in effect on the date of termination of employment;

"Termination for Good Reason" refers to a termination of employment by the
-----------------------------
Executive within 90 days after the occurrence of the Good Reason event, failing
which such event shall not constitute Good Reason under this Agreement. For
purposes of this Agreement, "Good Reason" shall mean the occurrence or failure
to cause the occurrence of any of the following events without the Executive's
express written consent:

(i)     any material diminution in the Executive's duties, responsibilities or
        authority (except in each case in connection with the termination of the
        Executive's employment for Cause or temporarily as a result of the
        Executive's illness or other excusable absence);
(ii)    a reduction in the Executive's annual base salary rate;
(iii)   a relocation of the Executive's principal business location to an area
        outside the country of the Executive's principal business location at
        the time of the Change of Control;
(iv)    a failure by the Employer after a Change of Control to continue any
        annual Executive Performance Award Plan, program or arrangement in which
        the Executive is then entitled to participate (the "Bonus Plans"),
        provided that any such plan(s) may be modified at the Employer's
        discretion from time to time but shall be deemed terminated if (x) any
        such plan does not remain substantially in the form in effect prior to
        such modification and (y) if plans providing the Executive with
        substantially similar benefits are not substituted therefor ("Substitute
        Plans"), or a failure by the Employer to continue the Executive as a
        participant in the Bonus Plans and Substitute Plans on at least the same
        basis as to potential amount of the bonus and the achievability thereof
        as the Executive participated immediately prior to any change in such
        plans of awards, in accordance with the Bonus Plans and the Substitute
        Plans;
(v)     a failure to permit the Executive after the Change of Control to
        participate in cash or equity based long-term incentive plans and
        programs other than Bonus Plans on a basis providing the Executive in
        the aggregate with an annualized award value in each fiscal year after
        the Change of Control at least equal to the aggregate annualized award
        value being provided by the employer to the Executive under such
        incentive plans and programs immediately prior to the Change of Control
        (with any awards intended not to be repeated on an annual basis
        allocated over the years the awards are intended to cover);

                                        2
<PAGE>

(vi)    the failure by the Employer to continue in effect any material employee
        benefit program such as a saving, pension, excess pension, medical,
        dental, disability, accident, life insurance plan or a relocation plan
        or policy or any other material plan, program, perquisite or policy of
        the Employer intended to benefit the Executive in which the Executive is
        participating at the time of a Change of Control (or programs providing
        the Executive with at least substantially similar benefits) other than
        as a result of the normal expiration of any such employee benefit
        program in accordance with its terms as in effect at the time of a
        Change of Control, or taking of any action, or the failure to act, by
        the employer which would adversely affect the executive's continued
        participation in any of such employee benefit programs on at least as
        favourable a basis to the Executive as is the case on the date of a
        Change of Control; or which would materially reduce the Executive's
        benefits in the future under any of such employee benefit programs or
        deprive him or her of any material benefit enjoyed by the Executive at
        the time of a Change of Control;
(vii)   a material breach by the Employer of any other written agreement with
        the Executive that remains uncured for 21 days after written notice of
        such breach is given to the Employer; or
(viii)  failure of any successor Employer to assume in a writing delivered to
        the Executive the obligations hereunder within 21 days after written
        notice by the Executive.

"Termination for Cause" shall mean:
-----------------------
(i)     the failure by the Executive to attempt to substantially perform his or
        her duties and responsibilities with regard to the Employer or any
        affiliate (other than any such failure resulting from the Executive's
        incapacity due to physical or mental illness) after demand for
        substantial performance is delivered by Employer that specifically
        identifies the manner in which the Employer believes the Executive has
        failed to attempt to substantially perform his or her duties and
        responsibilities and a reasonable time for the Executive to correct or
        remedy;
(ii)    the willful engaging by the Executive in misconduct in connection with
        the Employer or its business which is materially injurious to the
        Employer monetarily or otherwise; or
(iii)   any misappropriation or fraud with regard to the Employer or any of the
        assets of the Employer (other than good faith expense account disputes).

For purposes of this paragraph, no act, or failure to act, on the Executive's
part shall be considered "willful" unless done, or omitted to be done, by him or
her not in good faith and without reasonable belief that his or her action or
omission was in the best interests of the Employer. In the event that the
Executive alleges that the failure to attempt to perform his or her duties and
responsibilities is due to a physical or mental illness, and thus not "Cause",
the Executive shall be required to furnish the Employer with a written statement
from a licensed physician who is reasonably acceptable to the Employer which
confirms the Executive's inability to attempt to perform due to such physical or
mental illness. A termination for Cause after a Change of Control shall be based
only on events occurring after such Change of Control; provided, however, the
foregoing limitation shall not apply to an event constituting Cause which was
not discovered by the Employer prior to a Change of Control.

                                        3
<PAGE>

2.   ALCAN'S UNDERTAKINGS TO THE EXECUTIVE UPON CHANGE OF CONTROL

2.1  The term of Alcan's undertakings as set out hereunder shall commence on the
     date of this Agreement and shall expire, unless previously terminated as
     provided herein, on the earliest of:

     (a)  24 months after the date of Change of Control;
     (b)  the date of the Executive's death;
     (c)  the date of the Executive's retirement;
     (d)  the day following the termination of the Executive's employment for
          any other reason; or
     (e)  30 June 2005, in the event that no Change of Control has taken place.

2.2  Alcan shall cause the Acquirer to assume all liability for the undertakings
     to the Executive as a condition of the Change of Control. If the
     Executive's employment with Alcan, the Acquirer or a subsequent acquirer of
     the Rolled Products Business is terminated during the above-stated term:

     (a)  by the Employer by reason other than for Cause; or

     (b)  by the Executive for Good Reason,

     the Executive shall be entitled to the Special Termination Indemnity
     Payment from Alcan.

3.   EXECUTIVE'S UNDERTAKINGS TO ALCAN

The Executive, as an executive of Alcan, undertakes (i) to act in good faith and
cooperate reasonably with a view to the completion of the Change of Control of
the Rolled Products Business in the best interests of Alcan as a whole as
determined by the Alcan Board of Directors, including in respect of any
subsequent spin-off or other transaction, (ii) to conduct himself or herself as
an employee of Alcan and use his or her influence as an executive so that the
interests of Alcan as a whole are fairly protected and well-managed in a manner
consistent with past practice until such time as Alcan spins off or otherwise
transfers the Rolled Products Business, (iii) to conduct himself or herself so
as to facilitate the due exercise by the Alcan Board of Directors of the
fiduciary and other duties to which it is bound in the context of the said
transaction, and iv) to facilitate the transfer of Alcan's obligations under
this Agreement to the Acquirer or to a subsequent acquirer of the Rolled
Products Business.

                                        4
<PAGE>

4.   OTHER PROVISIONS

4.1  No Duty to Mitiqate/Set-off. Alcan agrees that if the Executive's
     ----------------------------
     employment is terminated pursuant to this Agreement other than for Cause
     during the term of this Agreement, the Executive shall not be required to
     seek other employment or to attempt in any way to reduce any amounts
     payable to the Executive by Alcan pursuant to this Agreement. Further, the
     amount of any payment or benefit provided for in this Agreement shall not
     be reduced by any compensation earned by the Executive or benefit provided
     to the Executive as the result of employment by another employer. Alcan's
     obligations to perform its obligations hereunder shall not be affected by
     any circumstances, including without limitation, any set-off, counterclaim,
     defense or other right which Alcan may have against the Executive.

4.2  References to Subsidiaries. For purposes of this Agreement, unless the
     ---------------------------
     context otherwise requires, references to Alcan or to the Acquirer shall
     include as appropriate references to one or more of their respective
     subsidiaries (as "subsidiary" is defined in the Canada Business
     Corporations Act).

4.3  Confidentiality and Non-Competition Undertakings. Without prejudice to any
     -------------------------------------------------
     other confidentiality undertakings or obligations by which the Executive
     may be bound in favour of Alcan, the Executive shall not at any time during
     the term of this Agreement, or thereafter, directly or indirectly, for any
     reason whatsoever, communicate or disclose to any unauthorized person, firm
     or corporation, or use for the Executive's own account, any proprietary
     processes, trade secrets or other confidential data or information of Alcan
     and their respective related and affiliated companies concerning their
     businesses or affairs, accounts, products, services or customers, it being
     understood, however, that these obligations shall not apply to the extent
     that the aforesaid matters (i) are disclosed in circumstances in which the
     Executive is legally required to do so, or (ii) become known to and
     available for use by the public other than by the Executive's wrongful act
     or omission. The provisions of this paragraph shall survive and remain in
     effect notwithstanding the termination of this Agreement and the
     termination of the Executive's employment.

4.4  Successors - Binding Aqreement. This Agreement shall inure to the benefit
     -------------------------------
     of and be enforceable by the Executive's personal or legal representatives,
     executors, administrators, successors and heirs. If the Executive shall die
     after termination of his or her employment while any amount would still be
     payable to the Executive hereunder if the Executive had continued to live,
     all such amounts, unless otherwise provided herein, shall be paid in
     accordance with the terms of this Agreement to the executors, personal
     representatives or administrators of the Executive's estate. This Agreement
     is personal to the Executive and neither this Agreement nor any rights
     hereunder may be assigned by the Executive.

4.5  Severability. If any provisions of this Agreement shall be declared to be
     -------------
     invalid or unenforceable, in whole or in part, such invalidity or
     unenforceability shall not affect the remaining provisions hereof which
     shall remain in full force and effect.

4.6  Legal Fees. In the event Alcan does not make the payments due hereunder on
     -----------
     a timely basis and the Executive collects any part or all of the payments
     provided for hereunder or otherwise successfully enforces the terms of this
     Agreement by or through legal counsel, Alcan shall pay all costs of such
     collection or enforcement, including reasonable legal fees and other
     reasonable fees and expenses which the Executive may incur. Alcan shall pay
     to the Executive interest at the prime lending rate as announced from time
     to time by Royal Bank of Canada on all or any part of any amount to be paid
     to Executive hereunder that is not paid when due. The prime rate for each
     calendar quarter shall be the prime rate in effect on the first day of the
     calendar quarter.

                                        5
<PAGE>

4.7  Non-Exclusivity of rights. Except as otherwise specifically provided
     --------------------------
     therein, (i) nothing in this Agreement shall prevent or limit the
     Executive's continuing or future participation in any benefit, bonus,
     incentive, equity or other plan or program provided by Alcan and for which
     the Executive may qualify, nor (ii) shall anything herein limit or
     otherwise prejudice such rights as the Executive may have under any other
     currently existing plan, agreement as to employment or severance from
     employment with or the Employer or statutory entitlements. Amounts that are
     vested benefits or which the Executive is otherwise entitled to receive
     under any plan or program, at or subsequent to the date of termination
     shall be payable in accordance with such plan or program, except as
     otherwise specifically provided herein.

4.8  Not an Agreement of Employment. This is not an agreement assuring
     -------------------------------
     employment and Alcan reserves the right to terminate the Executive's
     employment at any time with or without cause, subject to the provisions
     hereof.

4.9  Interpretation. No provisions of this Agreement may be modified, waived or
     ---------------
     discharged unless such waiver, modification or discharge is agreed to in
     writing by the parties. No waiver by any party hereto at any time of any
     breach by any other party hereto of, or compliance with, any condition or
     provision shall be deemed a waiver of similar or dissimilar provisions or
     conditions at the same or at any prior or subsequent time. This Agreement
     constitutes the entire agreement between the parties hereto pertaining to
     the subject matter hereof. No agreements or representations, oral or
     otherwise, express or implied, with respect to the subject matter hereof
     have been made by either party which are not expressly set forth in this
     Agreement or the Employment Agreement. All references to any law shall be
     deemed also to refer to any successor provisions to such laws.

4.10 Governing Law. This Agreement shall be construed, interpreted, and governed
     --------------
     in accordance with the laws of the Province of Quebec.

4.11 English Lanquage. The parties hereto declare that they require that this
     -----------------
     Agreement and any related documents be drawn up and executed in English.
     Les parties declarent qu'elles requierent que cette convention ainsi que
     tous documents relatifs a cette convention soient rediges et executes en
     anglais.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
as of the date first set forth above.

ALCAN INC.                                      DAVID K. GODSELL

By: /s/ Brian W. Sturgell                       /s/ David K. Godsell

                                        6Exhibit 10.1

October 17, 2006

                             PERSONAL & CONFIDENTIAL

Thomas Walpole

Dear Tom:

Further to our recent discussions, this is to confirm to you the terms of the
expatriate offer for the position of President, Novelis Asia. You will be
located in Seoul, Republic of Korea, and you will report to me.

The terms and conditions of this expatriate assignment are as follows:

1.        Starting Date And Duration
          --------------------------

          The effective date of your appointment is February 01, 2007. The
          anticipated duration of this assignment is three years. Actual
          duration will be reviewed annually.

2.        Status of Employment
          --------------------------

          You will be an employee of and paid by Novelis, Inc. Your status is
          that of an employee of Novelis, Inc. seconded to Novelis Korea
          Limited. U.S. laws provide that a U.S. employee may remain outside of
          the United States for an extended term and yet retain participation in
          a number of the Novelis Corporation Benefit Plans and the U.S. Social
          Security system.

          However, in order to maintain your participation in these plans, it is
          essential that Novelis retain certain customary employee management
          rights as your employer during your secondment. There is no reason why
          in practice this retention of rights in Novelis should in any way
          interfere with your ability to work loyally and effectively for
          Novelis Korea Limited.

          Within the context of the Novelis Policy on International Assignments,
          your status is defined as being that of a U.S. based expatriate on
          assignment in the Republic of Korea.

3.        Compensation Package
          --------------------------

          Your base compensation and benefits package is designed to provide you
          with a level of income and benefits which are similar to those you
          would have received in the U.S.A. in a similar position.

<PAGE>

                                                                     Page 2 of 7

          (a)      Position Grade
                   --------------
                   The Position Grade is Grade 47.

          (b)      Home Base Salary
                   ----------------
                   Your home base salary will be US$ 270,000.00 per annum.

                   Your home base salary will be subject to review periodically
                   in accordance with Novelis salary administration practices in
                   the U.S.A.

          (c)      Expatriate Premium
                   ------------------
                   You will receive an Expatriate Premium, which is 10% of your
                   Home Base Salary, net after tax per annum. This premium will
                   be adjusted as and when your Home Base Salary is adjusted.

          (d)      Location Allowance
                   ------------------
                   You will receive a Location Allowance, which is 10% of your
                   Home Base Salary, net after tax per annum. This premium will
                   be adjusted as and when your Home Base Salary is adjusted.

          (e)      Short Term Incentive Plan (STIP)
                   --------------------------------
                   In addition to base salary, this position also includes
                   participation in Novelis' STI program. The target payout for
                   your position will be 55% of your base salary annually,
                   $148,500. Your 2007 STIP participation will be determined on
                   the basis of 12 months in this new role. The performance
                   measures for this plan will be built around Novelis
                   performance objectives for the corporation and your business
                   unit. Depending on the level of the results, the actual bonus
                   could be as high as two-times the prorated target or 110% of
                   your base salary or as low as zero.

          (f)      Novelis Corporation Long Term Incentive
                   ---------------------------------------
                   You will be eligible for participation in Novelis' LTI
                   program, the LTIP target for your grade is $300,000 and
                   actual grant may be adjusted from that amount. Novelis is in
                   the process of developing a new plan for approval by
                   shareholders in October. We anticipate making a grant shortly
                   thereafter for a three-year performance period. It is
                   expected that the performance measure will be the total
                   shareholder return of Novelis compared to the return of the
                   companies in the S&P Industrials Index. Depending on the
                   level of the results, the actual LTI earned for a period
                   could be as high as two and one-half times target (would be
                   higher if Novelis share price increases from date of grant)
                   or as low as zero. Targets for each position have not yet
                   been established. It is anticipated that the plan design will
                   require the payout to be made in Novelis shares.

          (g)      Flexible Perquisites Program
                   ----------------------------
                   As an employee on the expatriate program you will not
                   participate in the Novelis Flexible Perquisites Program.

<PAGE>

                                                                     Page 3 of 7

          (h)      Method of Salary Payment
                   ------------------------
                   Your salary will be paid to you in U.S. dollars by Novelis
                   Corporation.

          (i)      Savings Plan
                   ------------
                   You will be eligible to continue your active participation in
                   the 401(k) on the compensation paid by Novelis.

          (j)      Goods and Services Adjustment
                   -----------------------------
                   You will receive an allowance or have a deduction made, as
                   the case may be, to compensate for the differences in
                   relative costs of goods and services between Seoul, Republic
                   of Korea and the U.S.A. This allowance, or deduction, will
                   vary from time to time. Currently, this allowance is
                   approximately $37,000 while you are on single status, and
                   would be adjusted to approximately $74,000 when your family
                   moves to Korea.

4.        Retirement Base
          ---------------

          The U.S.A. is designated as your Retirement Base.

5.        Pension
          -------

          As an employee of Novelis Corporation, you will continue to
          participate in the Novelis Pension Plan during the term of your
          assignment. You will not be eligible to join the pension and related
          benefit plans of Korea.

6.        Life and Business Travel Accident Insurance
          -------------------------------------------

          During your assignment, you will continue to be covered by the Novelis
          Life Insurance and Business Travel Accident Plans. You may continue to
          purchase optional and dependent life insurance.

          Annual adjustments to your coverage and resulting contribution changes
          will take into consideration any salary adjustment you might receive
          during your assignment.

7.        Long-Term Disability
          --------------------

          You will also maintain coverage under the Novelis Long Term Disability
          Plan. The provisions of that plan are explained in the Novelis
          benefits materials, a copy of which you already have from your annual
          enrollment. The cost of this program is borne by the company.

<PAGE>

                                                                     Page 4 of 7

8.        Social Security
          ---------------

          You will continue to participate in the United States Social Security
          System. If required to make contributions to Korean Social Security,
          these funds will be reimbursed to you.

9.        Medical and Dental Insurance
          ----------------------------

          You (and your family, when relocated) will be covered for medical and
          dental insurance under Novelis' plans for expatriates. In addition,
          services of S.O.S., an independent contract firm which provides
          emergency medical advice, referral and if necessary medical evacuation
          will continue.

10.       Automobile
          ----------

          United States
          -------------
          Novelis will establish a guaranteed sale price for one personal
          vehicle based on published market resale values. Upon submission of
          appropriate documents, you will be reimbursed for any shortfall
          between published market resale price and actual sale price. The
          maximum reimbursement is limited to 15% of the published resale price.
          You will be responsible for arranging and executing the sale before
          leaving the United States, or before your family leaves the United
          States.

          Seoul
          -----
          Novelis Korea Limited will provide you with a company car for your
          business and personal use. In line with practice in the Republic of
          Korea, you will also be provided with the services of a company driver
          for your business and personal use, with priority given to business
          requirements.

11.       Leave
          -----

          (a)      Vacation
                   --------
                   Your entitlement will continue according to the Novelis
                   schedule.

          (b)      Home Leave
                   ----------
                   The United States is designated as your Home Leave base.

          (c)      Travel Costs
                   ------------
                   Home leaves will be granted for the duration of this
                   assignment. When your family arrives in Korea, you and each
                   member of your family will be entitled to one (1) round trip
                   airfare ticket between Seoul and the U.S.A. Prior to your
                   family's move to Korea, the company will pay for appropriate
                   trips as needed for family contact. The cost of the airfares
                   will be for the Company's account. All other incidental
                   expenses incurred during any home leave trip will be for your
                   account.

<PAGE>

                                                                     Page 5 of 7

12.       Relocation
          ----------

          It is understood that your family may not move to Seoul during the
          first year of the assignment. When you move, Novelis will reimburse
          you, in the most tax-effective manner, for the following expenses:

               a.  Upon relocation you will be entitled to business class
                   airfare via the most direct route between Cleveland and
                   Seoul, as well as reasonable travel expenses.

               b.  Novelis will be responsible for the cost of shipping a small
                   shipment of your household goods and personal effects from
                   Cleveland to Seoul.

          When your family joins you in Seoul, Novelis will reimburse you, in
          the most tax-effective manner, for the following expenses:

               a.  Upon relocation, business class airfares via the most direct
                   route between Cleveland and Seoul, as well as reasonable
                   expenses arising from travel for your family.

               b.  Novelis will provide you with a miscellaneous relocation
                   allowance of one (1) month's salary net of taxes. This
                   allowance is meant to cover incidental expenses incurred as a
                   result of expenses incurred as a result of your move such as,
                   but not limited to, carpets, drapes, curtains, fresh paint,
                   licensing of second car, purchase of replacement household
                   equipment when the electrical current is not compatible with
                   current equipment, etc.

               c.  Novelis will be responsible for the cost of storing and/or
                   shipping your household goods and personal effects from
                   Cleveland to Seoul.

13.       Housing
          -------

          United States
          -------------
          Novelis will provide standard assistance to sell your home. If you
          utilize the Company provided assistance with the sale of your house,
          you will receive Home Country Housing Cost charge applied to your pay
          for the term of this assignment. This housing charge reflects
          comparable U.S. housing costs. The current housing charge is
          approximately $35,000 per year. If you do not sell your house with
          company assistance, this housing charge does not apply.

          Seoul
          -----
          The full cost of appropriate fully furnished accommodations, including
          utilities (gas, electric and water service), in Korea will be born by
          Novelis Korea Limited for the use of you and your family during the
          term of the assignment. Since the company is paying for your full
          housing costs while on assignment, there is no housing allowance.

<PAGE>

                                                                     Page 6 of 7

14.       Sports/Social Club
          ------------------

          The cost of joining and maintaining a family membership in one
          sports/social club in Seoul will be for Novelis Korea Limited account.
          Expenses incurred at the club, other than those that are for business
          entertainment will be for your account. This provision is a taxable
          benefit to you and the hypothetical tax cost will also be for Novelis
          Korea Limited account.

15.       Professional assistance for the preparation of income tax returns
          -----------------------------------------------------------------

          You will be provided with the services of professional consultants for
          the preparation of your personal income tax requirements in Korea and
          the United States. The fees for this service will be for Novelis Korea
          Limited account. Any tax liabilities you incur in Korea, over and
          above what you would be required to pay from your regular employment
          status with Novelis in the United States will be for the Company's
          account.

16.       Children's Education
          --------------------

          The Company recognizes the need for English-speaking schooling. When
          your family moves to Korea, Novelis will pay for your children to
          attend an international school, including tuition and books.

17.       Compassionate Leave
          -------------------

          In addition to the trips outlined above, should a member of your
          immediate family not residing with you in Seoul suffer
          life-threatening illness, injury or death, assistance will be provided
          to allow you/and your wife to be with the relative or attend to
          necessary arrangements.

18.       Change in Status
          ----------------

          Should the duration of this assignment or the position itself change
          significantly, then certain parts of this letter will have to be
          re-discussed with you. Should the scope of the assignment change
          significantly, you will be entitled to repatriation as described in
          section 19.

19.       Repatriation to the United States
          ---------------------------------

          Upon completion or termination of this assignment, every effort will
          be made to provide a position of equal or greater responsibility.
          Should there be no suitable position available at that time within
          Novelis, you and your wife will be repatriated by the company to the
          United States. Your employment will be terminated in accordance with
          the severance policy then in effect in the United States.

<PAGE>

                                                                     Page 7 of 7

20.       Change of Control
          -----------------

          Novelis management is in the process of developing a change of control
          policy that will take effect January 7, 2007, the content of which and
          participant list is subject to approval by the Board of Directors.
          Management will be recommending to the Board that the President
          Novelis Asia position be covered by an individual change of control
          agreement.

21.       Contacts
          --------

          Mr. Ken Grillo will be your contact in the United States. Your contact
          in the Republic of Korea will be Bernie Sanders.

Kindly indicate your acceptance of this offer by signing where indicated below
and returning the letter to me. Please make a copy for your file.

                                                         Yours Sincerely,

                                                         /s/ Martha Brooks
                                                         -----------------------
                                                         Martha Brooks
                                                         Chief Operating Officer
                                                         Novelis Corporation

Accepted: /s/ Thomas Walpole
          ------------------
          Thomas Walpole

Dated: 10-20-2006

Copies to:
      Kenneth C. Dunn
      Ken Grillo
      Dennis Harrish
      Bernie Sanders

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