0000063814-05-000011 Sample Contracts

LETTER WAIVER
Letter Waiver • April 18th, 2005 • Maxxam Inc • Primary production of aluminum

We refer to the Credit Agreement dated as of January 23, 2004, as amended from time to time (the "Credit Agreement"), among the undersigned and you. Unless otherwise defined herein, the terms defined in the Credit Agreement shall be used herein as therein defined.

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