0001193125-17-344270 Sample Contracts

ALERIS CORPORATION FORM OF EXECUTIVE STOCK OPTION AGREEMENT
Equity Incentive Plan • November 15th, 2017 • Aleris Corp • Secondary smelting & refining of nonferrous metals • Delaware

THIS STOCK OPTION AGREEMENT (the “Agreement”) is made effective as of the date set forth on Exhibit A hereto (the “Grant Date”) between ALERIS CORPORATION, a Delaware corporation f/k/a Aleris Holding Company (together with its successors and assigns) (the “Company”), and the person named on Exhibit A hereto (the “Optionee”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).

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FORM OF AMENDMENT TO U.S. EXECUTIVE AGREEMENT
Executive Agreement • November 15th, 2017 • Aleris Corp • Secondary smelting & refining of nonferrous metals

THIS AMENDMENT No. (the “Amendment”), effective as of (the “Amendment Effective Date”) to the (the “Agreement”), , by and among Aleris International, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), for purposes of Section 1 only, Aleris Corporation, a Delaware corporation f/k/a Aleris Holding Company, and (the “Executive”).

Aleris Corporation 25825 Science Park Drive, Suite 400 Cleveland, Ohio 44122-7392
Aleris Corp • November 15th, 2017 • Secondary smelting & refining of nonferrous metals • Delaware

As you know, your award agreement concerning the proposed transaction between Aleris Corporation (the “Company”) and Zhongwang USA LLC (the “Transaction Bonus Agreement”) has expired by its terms.

FORM OF AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • November 15th, 2017 • Aleris Corp • Secondary smelting & refining of nonferrous metals

THIS AMENDMENT No. 1 (the “Amendment”), dated November 13, 2017, to the Amended and Restated Employment Agreement (the “Agreement”), effective as of July 11, 2015, by and among Aleris International, Inc., a Delaware corporation (together with its successors and assigns, the “Company”) and Sean Stack (the “Executive”).

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