exv10w8



 






DE-AC01-93NE50067,

08843672/50067-02

Amendment No. 015




EXHIBIT 10.8




     AMENDMENT NO. 015, dated as of January 18, 2001, to Contract No. DE-AC01-93NE50067,
08843672/50067-02 entered into January 14, 1994 (the “Contract”) by and between the United States
Enrichment Corporation (USEC), Executive Agent of the United States of America, and Techsnabexport
Co. Ltd. (TENEX), Executive Agent of the Ministry of Atomic Energy (MINATOM), Executive Agent of
the Russian Federation. Capitalized terms used but not defined herein shall have the meaning
ascribed to such terms in the Contract.



     WHEREAS, the Parties wish to consolidate in this Amendment No. 015 to the Contract various
coefficients, applied to the conversion of kilograms of uranium, contained in LEU, ordered for
delivery to USEC under the Contract in calendar years 1995 through 2001, into (i) the SWU component
of such LEU; (ii) the natural uranium hexafluoride (the UF6nat”) component of such LEU;
and (iii) the kilograms of enriched uranium hexafluoride (the “UF6”), represented by
such LEU, which coefficients were previously established in various amendments to the Contract and
other documents related to the Contract.



     SECTION 1. Paragraph (b)(2) of Section B.06 of Part 1 of the Contract is amended hereby to
read in full as follows:



     “(6) The following coefficients shall apply to the conversion of kilograms of uranium,
contained in LEU of various U-235 assays, ordered by USEC for delivery in calendar year 1995 and
thereafter, into the SWU component of such LEU and the natural uranium hexafluoride (the
UF6nat”) component of such LEU:



	 	 	 	 	 	 	 	 	 
	Assay of U-235 in	 	Quantity of SWU,	 	Quantity in kilograms
	LEU, weight percents:	 	deemed to be	 	of uranium as
	 	 	contained in one	 	UF6nat,
	 	 	kilogram of uranium	 	deemed to be
	 	 	as LEU of given	 	contained in one
	 	 	assay:	 	kilogram of uranium
		 		 	as LEU of given
		 		 	assay:
	3.20%
	 	 	3.787	 	 	 	7.056	 
	3.60%
	 	 	4.525	 	 	 	8.029	 
	4.00%
	 	 	5.276	 	 	 	9.002	 
	4.40%
	 	 	6.039	 	 	 	9.976	 
	4.95%
	 	 	7.101	 	 	 	11.314	 






     The following coefficients (designated as coefficients “F” in respective Certificates of
Quality and Quantity under this contract) shall apply to the conversion of kilograms of uranium,
deemed to be contained in LEU of various U-235 assays, ordered by USEC for delivery in calendar
year 1995 and thereafter, into kilograms of enriched uranium hexafluoride (the “UF6”),
represented by such LEU:



	 	 	 	 	 
	Assay of U-235 in LEU, weight percents:	 	Quantity in kilograms of uranium
	 	 	as LEU, deemed to be contained in
	 	 	one kilogram of UF6:
	3.20%
	 	 	0.67611	 
	3.60%
	 	 	0.67610	 






USEC:                    

TENEX:                    






 









 










DE-AC01-93NE50067,

08843672/50067-02

Amendment No. 015






	 	 	 	 	 
	Assay of U-235 in LEU, weight percents:	 	Quantity in kilograms of uranium
	 	 	as LEU, deemed to be contained in
	 	 	one kilogram of UF6:
	4.00%
	 	 	0.67609	 
	4.40%
	 	 	0.67607	 
	4.95%
	 	 	0.67606	 






     The above coefficients shall be applied with respect to all respective matters under the
contract, including, without limitation, the pricing and the establishment of the quantities of
natural uranium to be delivered by USEC to TENEX under Section H.27 of the contract and issuance of
the Certificates of Quality and Quantity. In the event that USEC and TENEX agree on delivery of
LEU of another assay, than the parties shall stipulate in the contract the above coefficients,
applicable for such new assay under this contract, determined in accordance with the standard
method of calculation thereof.”.



     SECTION 2. Except as amended hereby, the Contract shall remain unchanged and in full force and
effect. In the event that any conflict arises between this Amendment and the Contract, TENEX and
USEC shall resolve such conflict consistent with the purpose of this Amendment as set forth in the
recitals herein.



     SECTION 3. 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.



     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:

	 	Philip G. Sewell
	 	 	 	By:
	 	Alexei A. Grigoriev
	 

	 	 
	 	 	 	 	 	 
	Title:

	 	Senior Vice President
	 	 	 	Title:
	 	Deputy General Director