the level of our indebtedness and our ability to generate cash

Exhibit 10.37

NOVELIS NO. 1 LIMITED PARTNERSHIP

JOINDER AGREEMENT

     This JOINDER AGREEMENT, dated as of May 14, 2007, is delivered pursuant to Section 7.10 (Additional Grantors) of the Pledge and Security Agreement, dated as of January 7, 2005, by Novelis Inc. (the “Canadian Borrower”), and the Subsidiaries of the Canadian Borrower listed on the signature pages thereof in favour of the Citicorp North America, Inc., as agent for the Secured Parties referred to therein (the “Pledge and Security Agreement”). Capitalized terms used herein but not defined herein are used with the meanings given them in the Pledge and Security Agreement.

     By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 7.10 (Additional Grantors) of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, hereby grants to the Administrative Agent, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of the undersigned, hereby collaterally assigns, mortgages, pledges and hypothecates to the Administrative Agent and grants to the Administrative Agent a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of the undersigned and expressly assumes all obligations and liabilities of a Grantor thereunder.

     The information set forth in Annex 1-A is hereby added to the information set forth in Schedules 1 through 6 to the Pledge and Security Agreement. By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agrees that this Joinder Agreement may be attached to the Pledge and Security Agreement and that the Pledged Collateral listed on Annex 1-A to this Pledge Amendment shall be and become part of the Collateral referred to in the Pledge and Security Agreement and shall secure all Secured Obligations of the undersigned.

     The undersigned hereby represents and warrants that each of the representations and warranties contained in Article III (Representations and Warranties) of the Pledge and Security Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date.

[Signature page follows.]

     IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and delivered as of the date first above written.

Novelis No. 1 Limited Partnership
Joinder Agreement — Signature Page

Novelis No. 1 Limited Partnership
Joinder Agreement — Signature Page

Annex 1-A

Supplements to Pledge and Security Agreement Schedules

(See attached).

Schedule 1
Jurisdiction of Organization; Principle Executive Office

										Location of chief
				Jurisdiction of						executive office
				organization as of						as of date of
		Former legal		date of agreement						agreement and
Grantor’s legal		names in the		and any other in		Organizational				any other in the
name		past 5 years		the past 5 years		ID number				past 5 years
Novelis No. 1 Limited Partnership		• None		Jurisdiction of organization as of date of agreement: Quebec Other jurisdiction(s) of organization in past 5 years: None		33				Chief Executive Office Location as of date of agreement:  2040 Fay Street Jonquiere, Quebec Other Chief Executive Office Locations in past 5 years:  None

Novelis No. 1 Limited Partnership
Supplemental Schedules

Schedule 2
Pledged Collateral

List of Pledged Stock:		% of issued and outstanding
		equity of all classes of each issuer:
• None		None
List of Pledged Debt Instruments:
• None		None

Novelis No. 1 Limited Partnership
Supplemental Schedules

Schedule 3
Filings

•

US Patent and Trademark Office

Novelis No. 1 Limited Partnership
Supplemental Schedules

Schedule 4
Location of Inventory and Equipment

Location of inventory and/or equipment:

•

2040 Fay Street, Jonquiere, Quebec

Inventory at third-party locations:

•

None

Locations of inventory and/or equipment for five preceding years:

•

None

Novelis No. 1 Limited Partnership
Supplemental Schedules

Schedule 5
Intellectual Property

Trademark Registrations

A.

REGISTERED TRADEMARKS

Trademark						Registration
Name		Country Name		Serial Number		Number
NOVELIS		Australia		1080042		862070
NOVELIS		Belarus		A0002432		862070
NOVELIS		Switzerland		A0002432		862070
NOVELIS		Chile		714240		754699
NOVELIS		China (Peoples Republic)		A0002432		862070
NOVELIS		Ecuador				3067-06
NOVELIS		Croatia		A0002432		862070
NOVELIS		Iceland		A0002432		862070
NOVELIS		Jordan		84045		84045
NOVELIS		Japan		A0002432		862070
NOVELIS		Cambodia		23898/05		23124/06
NOVELIS		Korea, Republic of		862070		862070
NOVELIS		Lebanon		104380		104380
NOVELIS		Liechtenstein		A0002432		862070
NOVELIS		Mexico		756681		919009
NOVELIS		Norway		A0002432		862070
NOVELIS		New Zealand		734806		734806
NOVELIS		Panama		147348		147348
NOVELIS		Peru		255168		113730
NOVELIS		Paraguay		28971/2005		288689
NOVELIS		Russian Federation		A0002432		862070
NOVELIS		Taiwan		94042520		1211172
NOVELIS		Ukraine		A0002432		862070
NOVELIS		United States of America		78/651851		3,119,944
NOVELIS		Madrid Agreement		A0002432		862070
NOVELIS		European Community		4032901		4032901
NOVELIS & DEVICE		Australia		1080049		862083
NOVELIS & DEVICE		Belarus		A0002433		862070
NOVELIS & DEVICE		Switzerland		A0002433		862070
NOVELIS & DEVICE		Chile		714241		754700
NOVELIS & DEVICE		China (Peoples Republic)		A0002433		862083
NOVELIS & DEVICE		Ecuador				3066-06
NOVELIS & DEVICE		Croatia		A0002433		862070

Novelis No. 1 Limited Partnership
Supplemental Schedules

Trademark						Registration
Name		Country Name		Serial Number		Number
NOVELIS & DEVICE		Iceland		A0002433		862070
NOVELIS & DEVICE		Jordan		84043		84043
NOVELIS & DEVICE		Japan		A0002433		862070
NOVELIS & DEVICE		Cambodia		23899/05		23125/06
NOVELIS & DEVICE		Korea, Republic of		862083		862083
NOVELIS & DEVICE		Lebanon		104381		104381
NOVELIS & DEVICE		Liechtenstein		A0002433		862070
NOVELIS & DEVICE		Mexico		756682		921297
NOVELIS & DEVICE		Norway		A0002433		862083
NOVELIS & DEVICE		New Zealand		734807		734807
NOVELIS & DEVICE		Panama		147349		147349
NOVELIS & DEVICE		Peru		255479		113731
NOVELIS & DEVICE		Paraguay		28972/2005		288669
NOVELIS & DEVICE		Russian Federation		A0002433		862070
NOVELIS & DEVICE		Taiwan		94042521		1211173
NOVELIS & DEVICE		Ukraine		A0002433		862070
NOVELIS & DEVICE		United States of America		78/671159		3,120,057
NOVELIS & DEVICE		Madrid Agreement		A0002433		862070
NOVELIS & DEVICE		European Community		4133807		4133807
NOVELIS DEVICE (ONLY)		European Community		4133948		4133948

B.

TRADEMARK APPLICATIONS FOR REGISTRATION

Trademark						Registration
Name		Country Name		Serial Number		Number
NOVELIS		Malaysia
NOVELIS		Thailand		602606
NOVELIS		South Africa		2005/18209
NOVELIS & DEVICE		Malaysia
NOVELIS & DEVICE		Thailand		602607
NOVELIS & DEVICE		South Africa		2005/18210

C.

TRADEMARK LICENSES

     1. Nonexclusive Trademark License Agreement between Novelis Inc. (as Licensor) and Novelis Corporation, Novelis UK Ltd., Novelis Automotive UK Ltd., Novelis Europe Holdings Ltd., Novelis Switzerland S.A., Novelis Technology S.A., Novelis Luxembourg S.A., Novelis Benelux NV, Novelis Aluminium Holdings Company, Novelis Deutschland GmbH, Novelis Specialites France (S.A.), Novelis PAE (S.A.S.), Novelis Foil France (S.A.S.) Novelis Lamines France (S.A.S.), Novelis Italia S.r.l. and Novelis de Mexico S.A. de C.V. (as Licensees) for the trade name Novelis and certain other brands, marks and logos, entered into on January 6, 2005 and subsequently assigned by Novelis Inc. to Novelis No. 1 Limited Partnership on May 9, 2007.

Novelis No. 1 Limited Partnership
Supplemental Schedules

Schedule 6
Bank Accounts; Control Accounts

List of deposit accounts:

•

None

List of security accounts:

•

None