exv10w1






Exhibit 10.1




Confidential treatment has been requested for the redacted portions. The confidential redacted

portions have been filed separately with the Securities and Exchange Commission.




DE-AC01-93NE50067,

08843672/50067-02

Amendment No. 018




     AMENDMENT No. 018, signed as of January 13, 2009, to Contract No. DE-AC01-
93NE50067, 08843672/50067-02 entered into January 14, 1994 (the “Contract”) by and between
United States Enrichment Corporation (“USEC”), Executive Agent of the Government of the
United States of America, and Joint Stock Company “Techsnabexport” (“TENEX”), Executive
Agent of the State Atomic Energy Agency “Rosatom”, Executive agent of the Government of the Russian
Federation. (USEC and TENEX, acting in their capacities as Executive Agents, are referred to herein
individually as a “Party” and collectively as the “Parties”). Capitalized terms
used but not defined herein shall have the meanings ascribed to such terms in the Contract.



     Pursuant to Part 1, Section H.04 of the Contract, USEC and TENEX hereby agree as follows:



     SECTION 1. In accordance with the Contract, USEC shall pay a per SWU price of ***** for the
SWU component of ***** of low enriched uranium (“LEU”) to be delivered to USEC under the
Contract in calendar year (“CY”) 2009 pursuant to the USEC delivery order attached hereto
as Appendix A (the “CY2009 Delivery Order”.)



     SECTION 2. Without reducing the quantities to be delivered in CY2009 under the Contract, the
Parties shall adjust the parameters of the CY2009 Delivery Order and the month-by-month schedule of
deliveries attached thereto to take account the following issues: (1) commitments of the Executive
Agent of the Russian Federation to provide a certain revenue to the Federal Budget of the Russian
Federation in CY2009; (2) production commitments of Russian enrichment facilities; and/or (3)
logistical problems for TENEX or USEC. The deliveries of LEU in CY2009 shall begin in accordance
with the adjusted CY2009 Delivery Order and the month-by-month schedule of deliveries upon their
approval by Rosatom and the signing thereof by the Parties. The purchase price set forth in
Section 1 of this Amendment shall be paid by USEC for all of the SWU component of LEU subject to
delivery to USEC of LEU in accordance with the adjusted CY2009 Delivery Order.



     SECTION 3. In the event that this Amendment enters into force and effect, the Parties shall
use their good faith efforts to reach agreement, not later than March 15, 2009, on a new price
determination methodology for the SWU component of the LEU to be delivered to USEC under the
Contract pursuant to USEC delivery orders for the period from, and including, CY2010 through the
remaining term of the Contract, and shall use their best efforts to promptly secure the approval or
endorsement by the Government of the Russian Federation and the Government of the United States of
America of an amendment to the Contract incorporating such methodology.



     SECTION 4. Except as expressly amended hereby, the Contract shall remain unchanged and in
full force and effect.



 









 





     SECTION 5. This Amendment may be executed in two or more counterparts, each of which
shall constitute an original, but all of which, when taken together, shall constitute one and the
same instrument.



     SECTION 6. This Amendment shall enter into force and effect, the rights and obligations of
the Parties under this Amendment shall arise and the Parties shall be bound by the obligations and
entitled to the rights as set forth in this Amendment upon and as of the first day by which (i) the
approval or endorsement of this Amendment by the Government of the Russian Federation or its
authorized agency(ies) of the Government of the Russian Federation has been obtained and
(ii) written confirmation that USEC, as the Executive Agent for the Government of the United States
of America, is authorized to sign this Amendment (or confirmation that the approval of the U.S.
Government is not required) has been obtained from the U.S. State Department as the authorized
agency of the U.S. Government. TENEX shall notify USEC as soon as such approval or endorsement of
the Government of the Russian Federation or its authorized agency(ies) has been obtained and USEC
shall notify TENEX as soon as such written confirmation has been obtained from the U.S. State
Department. Each Party shall use its best efforts to secure, as soon as possible, the approval,
endorsement or confirmation, as applicable, of its respective government.



     IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first
written above.



	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	UNITED STATES ENRICHMENT
CORPORATION	 	 	 	JOINT STOCK COMPANY
“TECHSNABEXPORT”	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Philip G. Sewell	 	 	 	By:	 	/s/ Alexey A. Grigoriev	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Philip G. Sewell
	 	 	 	 	 	Name:
	 	Alexey A. Grigoriev	 	 
	 

	 	Title:
	 	Senior Vice President
	 	 	 	 	 	Title:
	 	General Director	 	 






2