0000950129-06-007020 Sample Contracts

DIRECTOR DESIGNATION AGREEMENT
Director Designation Agreement • July 6th, 2006 • Kaiser Aluminum Corp • Primary production of aluminum • Delaware

This DIRECTOR DESIGNATION AGREEMENT (this “Agreement”), dated as of July 6, 2006, is made by and between Kaiser Aluminum Corporation, a Delaware corporation (the “Company”), and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (formerly known as the United Steelworkers of America, AFL-CIO, CLC) (the “Union”).

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REGISTRATION RIGHTS AGREEMENT dated as of July 6, 2006 by and among Kaiser Aluminum Corporation and The Persons Listed on the Signature Pages Attached Hereto
Registration Rights Agreement • July 6th, 2006 • Kaiser Aluminum Corp • Primary production of aluminum • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of July 6, 2006, is made by and among (a) Kaiser Aluminum Corporation, a Delaware corporation (the “Company”), (b) National City Bank, solely in its capacity as trustee (the “VEBA Trustee”) under the VEBA Trust (as defined below), and is agreed to by Independent Fiduciary Services, Inc., in its capacity as independent fiduciary (the “Independent Fiduciary”) of the Retiree Plan (as defined below) with respect to Discretionary Management (as defined below) of the Company’s common stock, par value $0.01 per share (the “New Common Stock”), held by the VEBA Trust, and (c) the Persons (as defined below) identified on Schedule I hereto (collectively, the “VEBA Trust Transferees”).

STOCK TRANSFER RESTRICTION AGREEMENT
Stock Transfer Restriction Agreement • July 6th, 2006 • Kaiser Aluminum Corp • Primary production of aluminum • Delaware

This STOCK TRANSFER RESTRICTION AGREEMENT (this “Agreement”), dated as of July 6, 2006, is made by and between (a) Kaiser Aluminum Corporation, a Delaware corporation (the “Company”), and (b) National City Bank, solely in its capacity as trustee (the “VEBA Trustee”) under the VEBA Trust (as defined below), and is agreed to by Independent Fiduciary Services, Inc., in its capacity as independent fiduciary (the “Independent Fiduciary”) of the Retiree Plan (as defined below) with respect to Discretionary Management (as defined below) of the Company’s common stock, par value $0.01 per share (the “New Common Stock”), held by the VEBA Trust.

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