0001193125-12-140297 Sample Contracts

ALERIS CORPORATION AMENDMENT 2 TO RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

On June 1, 2010 you were granted restricted stock units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan (the “Plan”) amended by letter dated April 5, 2011 to the Award Agreement.

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ALERIS CORPORATION
Stock Option Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
ALERIS CORPORATION
Restricted Stock Unit Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
Amendment One to Employment Agreement
Employment Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

Mr. Roeland Baan (also known legally as Roelof IJ. Baan, the “Executive”) and Aleris International, Inc. (the “Company”) and for certain purposes Aleris Corporation (the “Parent”) formerly Aleris Holding Company entered into an agreement dated as of June 2010.

ALERIS CORPORATION AMENDMENT 1 TO RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

On February 2, 2011 you were granted restricted stock units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan (the “Plan”).

Amendment of Form of Employment Agreement
Employment Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

Mr. [ ] (the “Executive”) and Aleris International, Inc. (the “Company”) and for certain purposes Aleris Corporation (the “Parent”) formerly Aleris Holding Company entered into an agreement dated June 1, 2010.

ALERIS CORPORATION
Restricted Stock Unit Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
Amendment 2 of Employment Agreement
Employment Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

Mr. Steven Demetriou (the “Executive”) and Aleris International, Inc. (the “Company”) and for certain purposes Aleris Corporation (the “Parent”) formerly Aleris Holding Company entered into an agreement dated June 1, 2010 as amended by a letter dated April 5, 2011 (the “Agreement”).

ALERIS CORPORATION
Restricted Stock Unit Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
ALERIS CORPORATION
Restricted Stock Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
ALERIS CORPORATION AMENDMENT 1 TO RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

On June 11, 2011 you were granted restricted stock units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan (the “Plan”).

ALERIS CORPORATION
Restricted Stock Unit Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
ALERIS CORPORATION
Option Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

On , 20 , you were granted an Option to purchase shares of common stock of Aleris Corporation, fka Aleris Holding Company (the “Company”) and issued an Award Agreement, which you subsequently signed and accepted. The Option was granted under the Company’s 2010 Equity Incentive Plan (the “Plan”), a copy of which was attached to the Award Agreement. We are amending your Award Agreement by issuing this Amendment in order to reflect adjustments made by a special committee of the Board of Directors of the Company, pursuant to the terms of the Plan, in light of the $ cash dividend that the Company issued on , 20 to stockholders of record of the Company’s common stock as of , 20 . Your Option remains subject in all respects to the terms and conditions of the Plan and the Award Agreement, as amended by this Amendment .

ALERIS CORPORATION
Option Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

On , 20 , you were granted an Option to purchase shares of common stock of Aleris Corporation, fka Aleris Holding Company (the “Company”) and issued an Award Agreement, which you subsequently signed and accepted. The Option was granted under the Company’s 2010 Equity Incentive Plan (the “Plan”), a copy of which was attached to the Award Agreement. We are amending your Award Agreement by issuing this Amendment in order to reflect adjustments made by a special committee of the Board of Directors of the Company, pursuant to the terms of the Plan, in light of the $ cash dividend that the Company issued on , 20 to stockholders of record of the Company’s common stock as of , 20 . Your Option remains subject in all respects to the terms and conditions of the Plan and the Award Agreement, as amended by this Amendment .

Amendment 2 of Employment Agreement
Employment Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals

Mr. Sean M. Stack (the “Executive”) and Aleris International, Inc. (the “Company”) and for certain purposes Aleris Corporation (the “Parent”) formerly Aleris Holding Company entered into an agreement dated June 1, 2010 as amended by a letter dated April 5, 2011.

ALERIS CORPORATION
Stock Option Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
ALERIS CORPORATION [ ] Shares of Common Stock Underwriting Agreement
Underwriting Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals • New York

Aleris Corporation, a Delaware corporation (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representatives (the “Representatives”), an aggregate of [ ] shares of Common Stock, par value $0.01 per share, of the Company, and certain stockholders of the Company named in Schedule 2 hereto (the “Type 1 Selling Stockholders”) and certain stockholders of the Company named in Schedule 3 hereto (the “Type 2 Selling Stockholders” and, together with the Type 1 Selling Stockholders, the “Selling Stockholders”) propose to sell to the several Underwriters an aggregate of [ ] shares of Common Stock of the Company (collectively, the “Underwritten Shares”). In addition, the Selling Stockholders propose to sell, at the option of the Underwriters, up to an additional [ ] shares of Common Stock of the Company (collectively, the “Option Shares”). The Underwritten Shares and the Option Shares are herein refe

ALERIS CORPORATION
Stock Option Award Agreement • March 30th, 2012 • Aleris Corp • Secondary smelting & refining of nonferrous metals
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