Document:

EXHIBIT
10.1

 

EXECUTION
COPY

 

SECOND

AMENDED
AND RESTATED

CONSORTIUM
AGREEMENT

 

THIS SECOND AMENDED AND RESTATED
CONSORTIUM AGREEMENT (this “Agreement”), effective as of
July 31, 2004, is entered into by and between the following parties:

 

•              WASHINGTON
GROUP INTERNATIONAL, INC., an Ohio corporation, and

 

•              BNFL USA
GROUP INC., a Delaware corporation (“BNFL-USA”).

 

WITNESSETH

 

WHEREAS:

 

1.             Washington Group
International, Inc., formerly known as Morrison Knudsen Corporation,
(hereinafter collectively “Washington Group”) and BNFL-USA entered
into a Consortium Agreement, dated as of June 24, 1998 (the “Original
Agreement”) pursuant to which they formed a consortium for the
purpose of acquiring the Energy Systems business (the “ESBU Business”) and the
Government Operations business (the “GESCO Business”) of CBS Corporation (“CBS”).

 

2.             The Original
Agreement set forth the agreement of Washington Group and BNFL-USA concerning
the basis on which the ESBU and GESCO Businesses would be owned and the basis
on which ownership, control and risk would be shared after the acquisition.

 

3.             On June 24, 1998
Washington Group and BNFL-USA organized WGNH Acquisition, LLC, a Delaware
limited liability company (“WGNH”), for the purpose of entering into
asset purchase agreements with CBS Corporation for the acquisition of the ESBU
and GESCO Businesses and acting as a holding company for Washington Group’s and
BNFL-USA’s interests in the ESBU and GESCO Businesses.

 

4.             WGNH entered into (i)
an Asset Purchase Agreement, dated as of June 25, 1998 (the “ESBU
Purchase Agreement”), with CBS covering the acquisition by WGNH of
the ESBU Business, and (ii) an Asset Purchase Agreement, dated as of
June 25, 1998 (the “GESCO Purchase Agreement”), with CBS
covering the acquisition by WGNH of the GESCO Business.  The ESBU Purchase Agreement and the GESCO
Purchase Agreement are sometimes referred to individually as an “Asset
Purchase Agreement” or collectively as the “Asset Purchase Agreements.”

 

 

5.             Washington Group and
BNFL-USA amended and restated the Original Agreement in its entirety as set
forth in the Amended and Restated Consortium Agreement dated March 19,
1999 (“First
Amended Agreement”) so as to set forth their revised agreement
concerning the basis on which the ESBU and GESCO Businesses would be owned, and
the basis on which ownership, control and risk would be shared after the
acquisition.

 

6.             Pursuant to the terms
of the First Amended Agreement, Washington Group and BNFL-USA organized the
following entities: (a) Westinghouse Government Services Company LLC, a
Delaware limited liability company (“WGS”); (b) Westinghouse Government
Environmental Services Company LLC, a Delaware limited liability company (“WGES”);
and (c) Westinghouse Electric Company LLC, a Delaware limited liability company
(“WELCO”).  Thereafter, pursuant to agreements dated
March 22, 1999: (a) WGNH assigned to WGS and to WGES its rights under the
GESCO Purchase Agreement, and WGS and WGES assumed WGNH’s obligations under the
GESCO Purchase Agreement; and (b) WGNH assigned to WELCO its rights under the
ESBU Purchase Agreement and WELCO assumed WGNH’s liabilities under the ESBU
Purchase Agreement.

 

7.             BNFL-USA organized a
wholly-owned subsidiary, BNFL Nuclear Services Inc., a Delaware corporation (“BNSI”)
for the purpose of holding BNFL-USA’s interests in the GESCO and ESBU
Businesses.

 

8.             The acquisition by
WGS and WGES of the GESCO Business closed on March 22, 1999.  The acquisition by WELCO of the ESBU
Business closed on March 22, 1999.

 

9.             Among other
agreements entered into by and between or among the parties hereto and/or their
affiliates related to this Agreement, Washington Group and BNFL-USA entered
into a Supplemental Agreement dated March 19, 1999 (“Supplemental Agreement”) and
Washington Group, BNSI and WGS entered into an Economic Rights Agreement dated
March 19, 1999 (the “Economic Rights Agreement”).  Additionally, British Nuclear Fuels plc (“BNFL”)
executed a BNFL Consortium Guarantee dated March 19, 1999 (“BNFL
Consortium Guarantee”) and Washington Group executed a MK Consortium
Guarantee dated March 19, 1999 (“MK Consortium Guarantee”).

 

10.           By memorandum dated
April 2, 2003, BNFL communicated to, and asserted claims against,
Washington Group under the First Amended Agreement, certain of the other
agreements referred to in this Agreement, and specified legal principles (the “BNFL Claims”).  By memorandum dated August 29, 2003,
Washington Group disputed the BNFL Claims and Washington Group asserted claims
against BNFL under the First Amended Agreement, certain of the other agreements
referred to herein and specified legal principles (the “WGI Claims”).  Washington Group disputes all of the BNFL
Claims and further disputes any

 

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liability whatsoever to
BNFL or any of its affiliates.  BNFL
disputes all of the WGI Claims and further disputes any liability therefore to
Washington Group or any of its affiliates.

 

11.           Washington Group and
BNFL-USA wish (i) to further amend and restate the First Amended Agreement in its
entirety, (ii) to terminate the Economic Rights Agreement and the Supplemental
Agreement, (iii) to mutually release each other from the BNFL Claims and the
WGI Claims, and (iv) to modify the limited liability company agreements of WGS
and WGES, all as set forth in this Agreement so as to set forth their revised
agreement concerning the basis on which WGS, WGES and WELCO will be owned, and
the basis on which contract Fee, control and risk will be allocated.

 

NOW THEREFORE, in consideration of the
premises and the mutual covenants and agreements contained in this Agreement,
the receipt and sufficiency of which are hereby acknowledged, the First Amended
Agreement is hereby amended and restated to read in its entirety as follows:

 

1.0           Ownership, Rights
and Obligations in WGS, WGES and WELCO

 

1.1           Assignment of Rights
and Release from Obligations With Respect to WGS

 

(a)           In consideration for
the terms of this Agreement, BNFL-USA and BNSI hereby unconditionally and
irrevocably assign to Washington Group their passive economic right to receive
a portion of the gains, profits and losses of WGS and the WGS Operations and
forever renounce any and all ownership interest in and to the contracts,
employees, businesses and any and all other assets (together, the “WGS
Assets”)
which were at any time owned by, licensed to or otherwise held by WGS or its
subsidiaries.  Washington Group shall
possess all right, title and interest in and to the WGS Assets and shall at all
times possess free and unfettered access to the WGS Assets for any and all
business opportunities and other uses, and

 

(b)           (i) With the exception
of any liabilities arising from matters occurring on or before July 30,
2004; and (ii) without altering obligations specified within this Agreement,
Washington Group and WGS hereby unconditionally and irrevocably release and
hold harmless BNFL-USA, BNSI and their affiliates at all levels from any and
all obligations as may arise hereafter, with respect to WGS and the WGS
Operations including, without limitation, any obligation to make any
contribution to WGS’ funding

 

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requirements, or any
obligation to provide financial assurances with respect to WGS.

 

1.2           Assignment of Rights
and Release from Obligations With Respect to WGES

 

(a)           In consideration for
the terms of this Agreement, BNFL-USA and BNSI hereby unconditionally and
irrevocably assign to WGS their membership interest in WGES, together with all
rights and obligations incidental to that membership interest and forever
renounce any and all ownership interest in and to the contracts, employees,
businesses and any and all other assets (together, the “WGES  Assets”) which were at any
time owned by, licensed to or otherwise held by WGES or its subsidiaries.  Washington Group shall possess all right,
title and interest in and to the WGES Assets and shall at all times possess
free and unfettered access to the WGES Assets for any and all business
opportunities and other uses, and

 

(b)           With the exception of
any liabilities arising from matters occurring on or before July 30, 2004
and without altering obligations specified within this Agreement, Washington
Group and WGS hereby unconditionally and irrevocably release and hold harmless
BNFL-USA, BNSI and their affiliates at all levels from any and all obligations
as may arise hereafter, with respect to WGES and WGES Operations including,
without limitation, any obligation to make any contribution to WGES’ funding
requirements, or any obligation to provide financial assurances with respect to
WGES.

 

1.3           Ownership of WELCO
Unchanged

 

BNSI will continue to be the
sole member of WELCO, and WELCO will continue to be managed by a board of
directors or managers elected by BNSI.

 

2.0           Definitions

 

2.1           Allocated LLC Indirect Costs
shall mean, with respect to a Washington Group affiliate (other than WGS or
WGES) which holds a Section 4.0 or 5.0 contract which affiliate holds, or
was created to hold, numerous DOE contracts, the portion of the affiliate’s
overhead which is allocable to the portion of the affiliate’s business which
represents Section 4.0 or 5.0 contracts (this category of cost
specifically excludes corporate allocations

 

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of General and
Administrative Expense (“G&A”) and other corporate overhead).

 

2.2           Bid and Proposal Costs shall
mean those costs incurred in obtaining a follow-on, extended, or a new contract
or subcontract for the purpose of Sections 4.1 and 5.0 and shall include the
necessary and reasonable time of employees and consultants, insurance, bonding,
letters of credit, guarantees and such other credit support as is appropriate.

 

2.3          Contract-Specific
Project Management and Support Activities (“PM&SA”) shall mean those
activities dedicated to a contract, other than a cost-reimbursement contract
(e.g., fixed-priced; time-and-materials), that are for the purpose of managing
and supporting the administrative aspects of contract performance and which,
except for the method of allocation, meet the FAR 31.203 definition of Indirect
Costs.  Examples of PM&SA include,
but are not limited to, the contract site functions of general contract
management, finance and accounting, human resources, contracts &
procurement, legal, and facility costs (this category of cost explicitly excludes
G&A).

 

2.4           DOE Contracts and DOE Subcontracts.  DOE Contracts shall mean any and all
contracts that are awarded by the United States Department of Energy (“DOE”).
DOE
Subcontracts shall mean those contracts awarded under DOE Contracts,
regardless of tier, for the purpose of performing a portion of the DOE Contract
workscope.

 

2.5           Fee shall mean the amount
paid by the customer to the prime contractor, whether Washington Group, its
affiliate, or a third-party, under a Section 4.1 or 5.0 contract, from a specific
pool or account designated in the contract as being fee, profit or the like but
excluding such amounts earned by non-profit entities and which must be
re-invested in the contracts or in scientific, educational or other
not-for-profit purposes.  The
Section 2.6 Job Level Profit calculations are structured such that, where
Washington Group or its affiliates, whether as a prime contractor or
subcontractor, has an arrangement under which another entity or entities shares
a portion of the Fee, such entity’s or entities’ portion of the Fee shall be
deducted as part of the calculation toward reaching Job Level Profit.

 

2.6           Job Level Profit shall mean:

 

(a)   For Section 4.0 and 5.0
cost reimbursement contracts which are either (i) held by a Special Purpose Entity
(“SPE”)
to perform a DOE contract, (ii) held by Washington Group or an affiliate to
perform a DOE contract, and not elsewhere addressed within this definition, or
(iii) the DOD Anniston Chemical Demilitarization contract:

 

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•      Where Washington Group or its affiliate
is the prime:  Job Level
Profit means the Fee earned by Washington Group or its affiliate less both
Unallowed Costs and any subcontractors’ Fee share.*

 

•      Where Washington Group or its affiliate
is the subcontractor:  Job
Level profit means the Fee earned by the prime contractor less both Unallowable
Costs and the prime contractor’s and any other subcontractors’ Fee share.*

 

•      Where Washington Group or its affiliate
is a member of a joint venture structured such that the members receive
distributions:  Job Level
Profit means the distribution received by Washington Group or the affiliate
entity that is a member.

 

(b)   For Section 4.0 and 5.0 contracts,
other than cost reimbursable contracts (e.g., fixed-price; time-and-materials)
which are either (i) held by an SPE to perform a DOE contract, or (ii) a DOE
contract held by Washington Group or an affiliate and not elsewhere addressed
within this definition:

 

•      Where Washington Group or its affiliate
is the prime:  Job Level
Profit means Washington Group’s or its affiliate’s contract Revenue less direct
costs, PM&SA, Unallowed Costs, and any subcontractors’ Fee share.*

 

•      Where
Washington Group or its affiliate is the subcontractor:  Job Level Profit means the prime
contractor’s contract Revenue less direct costs, PM&SA, Unallowed Costs,
and the prime contractor’s and any other subcontractors’ Fee share.*

 

•      Where
Washington Group or its affiliate is a member of a joint venture structured
such that the members receive distributions:  Job Level
Profit means the distribution received by Washington Group or the affiliate
entity that is a member.

 

(c)   For Section 4.0 and 5.0 contracts
held by a Washington Group affiliate (other than WGS and WGES) which affiliate
holds, or was created to hold numerous DOE Contracts and DOE Subcontracts
(hereinafter, “LLC”), and examples of which include THOR Treatment
Technologies, LLC (“TTT”), Washington Safety Management
Solutions LLC (“WSMS”) and WGES’ Government Technical Services Division (and
its Engineered Services Department):

 

•      Job Level Profit means the
LLC’s DOE Contract and DOE Subcontract revenue less direct costs, any prime
contractor or other subcontractor Fee shares,* and Allocated LLC Indirect
Costs.

 

(d)   A table setting forth the
calculations and application of the foregoing Job Level Profit formulas and
identifying contracts for Fiscal Year 2003, is incorporated as Exhibit A.  The purpose of the definitions set

 

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forth in this
Section 2.0 and in Exhibit A, is to ensure that the parties determine
profit, whether referred to as fee, job level profit, or otherwise, on the same
basis that profit had been determined for the respective Section 2.6(a),
(b) and (c) scenarios prior to the effective date of this Agreement.

 

* where the other prime or subcontractor is an
affiliate, asterisked items in the foregoing equations shall only be excluded
if the affiliate’s Fee share is accounted for within one of the other equations.

 

2.7           Payment Right shall mean the
cumulative total of Job Level Profit under all Section 4.1 and 5.0
contracts and subcontracts and represents installment payments for the
interests of BNFL-USA and of BNSI in WGS and WGES as conveyed and assigned to
Washington Group under the terms of this Agreement.  Hence, should the foregoing deductions in the Sections 2.6(a)
and/or 2.6(b) calculations for any one or more contracts result in a negative
amount, or should the total of all Sections 2.6(a) and/or (b) contracts or the
Section 2.6(c) Job Level Profit result in a negative amount, then that
amount shall be subtracted from the positive amounts under said categories for
purposes of determining the Payment Right. 
Notwithstanding the foregoing, no losses on any Section 5.0
contracts or subcontracts entered into after the effective date of this
Agreement shall be deducted from any payments to be made to BNSI under the
terms of this Agreement.  Payment Rights
shall be calculated on an annual basis with true-up at the end of each year
with no carryover of profits or losses from year to year.

 

2.8           Revenue shall mean the amount
paid to Washington Group or its subsidiary or affiliate, under a
Section 4.1 or 5.0 contract other than cost-reimbursement (e.g., fixed-price;
time-and-material).

 

2.9           Special
Purpose Entity (“SPE”), shall mean a legal entity created by Washington
Group or its affiliate for the purpose of performing a specific contract.

 

2.10         Unallowed Costs shall mean
the total of all costs (including, without limit, fines, penalties, fee
withholdings, etc.), which are specifically unallowable under (i) the terms of
the Contracts or (ii) applicable statutory or regulatory provisions including,
without limit, FAR Part 31, DFARS Part 231, DEAR Part 931, CAS, and applicable
disclosure statements.  Unallowed Costs
shall not include any defined benefit plan costs not properly allocable to
individual contracts, overhead, including corporate overhead, G&A expense
or Bid and Proposal costs, allocated by Washington Group or its affiliates;
such corporate allocations will, instead be assessed as part of the
Section 6.0 Annual Lump Sum Allocation and Section 10.3,
Responsibility for Pre-Existing Defined Benefits

 

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Obligations.  The Section 2.6 Job Level Project
calculations are structured such that, where Washington Group or its
subsidiary, whether as a prime contractor or subcontractor, has an arrangement
under which another entity or entities assumes a portion of the unallowed costs
under the contract or subcontract, such entity’s or entities’ portion of the
Unallowed Costs shall be deducted as part of the calculation toward reaching
Job Level Profit.

 

3.0           Termination and
Modification of Agreements/Mutual Release of Dispute

 

3.1           Consortium Agreement
and Related Agreements.  The First
Amended Agreement, the Economic Rights Agreement, and the Supplemental
Agreement are terminated in their entirety. 
Notwithstanding the termination of the foregoing agreements, except as
provided otherwise in this Agreement (e.g., without limit, Sections 1.1(a) and
1.1(b) Assignment of Assets and Section 3.5 mutual releases), all matters
pertaining to WGS, WGES and WELCO on or before July 30, 2004, to include
all rights and liabilities arising from or related to matters occurring on or
before July 30, 2004, including, without limitation, any sums due to
BNFL-USA or any of its affiliates under the First Amended Agreement, including
BNSI’s share of WGES distributions and its receipt of its WGS economic
interest, shall be governed in accordance with the provisions of these
terminated agreements for so long as necessary to conclude such matters.

 

3.2           WGS Operating
Agreement.  Washington Group may
modify the WGS Limited Liability Company Agreement including, without limit,
the dissolution of WGS, in such manner as it deems appropriate within its full
discretion subject only to the limitation that no such modification may
contravene any provision of this Agreement.

 

3.3           WGES Operating
Agreement.  Washington Group will
prepare a Second Amended and Restated WGES Limited Liability Company Operating
Agreement (“SA&R WGES OA”) to place in effect the agreements reached
within this Agreement.  The SA&R
WGES OA will modify the membership interest to one hundred percent (100%) with
WGS, shall modify Section 10.2 to permit the one time withdrawal of BNSI,
and shall include such other modifications as Washington Group deems
appropriate within its full discretion subject only to the limitation that no
such modification may contravene any provision of this Agreement.  Thereafter, WGS may modify the SA&R WGES
OA including, without limit, the dissolution of WGES, in such manner as it
deems appropriate within its full discretion subject only to the limitation
that no such modification may contravene any provision of this Agreement.

 

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3.4           Asset Purchase
Agreements and Consortium Guarantees. 
Except as provided otherwise in this Agreement, any rights, obligations
and liabilities, whether joint or severable, that any Party had prior to or
after the effective date of this Agreement under the June 25, 1998 Asset
Purchase Agreements, between CBS Corporation and WGNH Acquisition, LLC, for the
GESCO and ESBU Businesses, as those Asset Purchase Agreements may have
subsequently been amended, remain unaltered by this Agreement.  For the limited purposes of the obligations
that continue or exist under Sections 3.1, 3.4, 10.2, 10.3 and 10.14, the
Parties’ respective rights, obligations and liabilities under the BNFL
Consortium Guarantee and MK Consortium Guarantee remain unaltered by this
Agreement.

 

3.5           Mutual Releases of
Claims.

 

In
consideration of the premises, mutual covenants and other consideration within
this Agreement, except as may otherwise be specifically reserved by this
Agreement (including, without limitation, the claims described at
Section 10.4(b)), BNFL-USA, for itself and all of its affiliates
(including their directors, officers, employees and other agents), forever releases
Washington Group, all of its affiliates, and their respective directors,
officers, employees and agents of all matters specifically raised in the BNFL
Claims, and other related claims which are in the nature of an allegation that
Washington Group violated its obligations under the agreements referenced
herein.  BNFL-USA represents to
Washington Group that it is unaware of any other claims that are in the nature
of an allegation that Washington Group violated its obligations under the
agreements referenced herein.  In
consideration of the premises, mutual covenants and other consideration within
this Agreement, except as may otherwise be specifically reserved by this
Agreement (including, without limitation, the claims described at
Section 10.4(b)), Washington Group, for itself and all of its affiliates
(including their directors, officers, employees and other agents), forever
releases BNFL-USA, all of its affiliates, and their respective directors,
officers, employees and agents of all matters specifically raised in the WGI
Claims, and other related claims which are in the nature of an allegation that
BNFL-USA violated its obligations under the agreements referenced herein.  Washington Group represents to BNFL-USA that
it is unaware of any other claims which are in the nature of an allegation that
BNFL-USA violated its obligations under the agreements referenced herein.

 

4.0           Assignment of
Payment Right in Fee on Existing Projects

 

4.1           Assignment.  Subject to the terms of this Agreement
(including, without limit, Sections 6.0 and 10.14), and in consideration for
the terms of this

 

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Agreement including,
without limitation, Sections 1.1(a) and 1.2(a), Washington Group hereby
unconditionally and irrevocably assigns to BNSI the following Payment Right
(the rights so assigned being referred to as the “Payment Rights”):

 

(a)   Certain Specified Sites:  Except as provided otherwise at
Section 4.1(b) and (d), below, so long as Washington Group or any of its
affiliates has any contract for work at the following Department of Energy (“DOE”)
or Department of Defense (“DOD”) sites then, for each such contract,
Washington Group will pay forty percent (40%) of its Job Level Profit to
BNSI:  Savannah River Site (“SRS”),
South Carolina, Rocky Flats Environmental Technology Site (“RFETS”),
Colorado; Waste Isolation Pilot Plant (“WIPP”), Carlsbad, New Mexico; Anniston
Chemical Weapons Disposal Facility (“ACWDF”), Anniston, Alabama; and West Valley
Demonstration Project (“WVDP”), West Valley, New York.  If, however, Washington Group or any of its
affiliates receives a new scope of work for work that is different in nature
from current work or currently contemplated work at those sites and contracts
listed above and it is the result of a new bid, then that work may become
subject to the ten percent (10%) payment provision set forth in
Section 5.0, below, if both parties agree.  Notwithstanding the above, the parties agree that, for the project
known as the Modern Pit Facility: (i) the design and construction phase shall
be subject to the Section 5.0 Payment Right; (ii) the operation and
maintenance phase shall be subject to the Section 4.1 Payment Right; and
(iii) the commissioning phase, if it is a part of the design and construction
phase, shall be subject to the Section 5.0 Payment Right, and, if it is a
part of the operation and maintenance phase, shall be subject to the
Section 4.1 Payment Right.

 

(b)   West Valley Nuclear Services
Company.  With respect to the DOE
contract held by Washington Group’s affiliate, West Valley Nuclear Services
Company LLC (“WVNSCO”), Contract No. DE-AC24-81NE44139, to provide service
to DOE at WVDP, beginning as of July 31, 2004, and lasting as long as
Washington Group or any of its affiliates has a contract with DOE for work at
the WVDP:

 

i.      The Section 4.1(a) Job
Level Profit shall be paid as follows: 
Washington Group shall pay twenty percent (20%) of its or its
affiliate’s Job Level Profit from any such contract to BNSI and twenty percent
(20%) of its or its affiliate’s Job Level Profit from any such contract to BNFL
Inc.; and

 

ii.     For the duration that
Washington Group or its affiliates holds, and performs WVDP services under,
Contract No. DE-AC24-81NE44139,

 

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the one position at
WVNSCO held by BNFL Inc. shall be held on a cost-no-fee basis.  For the purpose of this Agreement “cost”, as
used in the term “cost-no-fee”, means direct cost plus all fringe benefits,
overhead and G&A costs.  If WVNSCO
fills such position with a non-BNFL Inc. employee then, except through the
fault of BNFL Inc. or circumstances listed herein which are beyond WVNSCO’s
reasonable control (e.g., DOE non-approval), Washington Group will pay to BNFL
Inc., as liquidated damages, the total overhead cost, including G&A, for
such WVNSCO employee until said position is filled by a BNFL Inc. employee.

 

iii.    The Parties agree that the
rights and obligations under this Agreement with respect to WVNSCO (i)
supersede and supplant, in entirety, the March 20, 2003 letter agreement
between Washington Group and BNFL Inc. and (ii) fully satisfy any and all
claims either Party has against the other based on, or related to, or arising
out of actual or alleged noncompliance with a Party’s obligations under such
letter agreement.

 

(c)   Hanford Waste Treatment and
Immobilization Plant.  Washington
Group performs under a subcontract (the “WTP Subcontract”) from Bechtel National
Inc. (“BNI”)
in furtherance of BNI’s contract with DOE, Contract No. DE-AC27-01RV14136, for
the Hanford Waste Treatment and Immobilization Plant.  So long as Washington Group or any affiliate has an interest in
the WTP Subcontract, WGI will:

 

i.      General

 

a.     From the December 11,
2000 effective date of the WTP Subcontract, pay BNFL Inc. sixteen percent (16%)
of its Job Level Profit on the WTP Subcontract and,

 

b.     Washington Group will deliver
to BNFL-USA, not less often than once every three (3) months, a written report
on all positions filled or terminated under the WTP Subcontract, in sufficient
detail so as to demonstrate Washington Group’s compliance with its obligations
under this Section 4.1(c).  The
report will also forecast positions Washington Group intends to fill over the
ensuing twelve (12) months (that is, a 12-month rolling staffing plan) so as to
assist BNFL Inc. in promptly filling actual positions once they become
available.  Nothing herein requires
Washington Group to terminate the employment of the

 

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persons presently holding
Positions under the WTP Subcontract.

 

ii.     Filling WTP Positions.  As a part of the consideration for the
transfer of economic rights and ownership rights under Sections 1.1 and 1.2
above, Washington Group and BNFL Inc. will, promptly after the date of this
Agreement, enter into a services contract under which Washington Group will
provide the Positions at WTP to BNFL Inc. as follows:

 

a.     Position(s) defined:  Positions means the jobs for individuals
available to Washington Group under the WTP Subcontract.  Union positions shall not be counted in determining an available
Position.  Subcontracted
work shall not be counted in determining
an available Position except where such subcontracted work is
either placed with a Washington Group affiliate or is for staff augmentation or
consultant services for assignments of four (4) months or longer (including
extensions).  While staff-level and
non-exempt positions will be counted in determining an available Position, Washington
Group will not be obligated to offer staff-level or non-exempt positions to
BNFL Inc.  As used herein, counted in determining an available
Position means that the Position is included in the pool of
personnel from which one (1) out of six (6) Positions must be provided by BNFL
Inc.

 

b.     WTP will provide to BNFL Inc.
one (1) out of every six (6) of the total Positions under the WTP Subcontract,
on a cost-no-fee-basis, which Positions shall be filled as set forth below.

 

c.     Until such time that BNFL
Inc. holds one (1) in six (6) Positions under the WTP Subcontract, every third
(3rd) Position shall be filled by a person provided by BNFL Inc.

 

d.     It is the intention of the
parties that there will be a similar mix of occupations and pay-rates for the
Washington Group and BNFL Inc. Positions.  The BNFL Inc. Positions will be professional or skilled positions
primarily in, but not limited to, the key specialty areas within the WTP
Subcontract scope.

 

e.     When the need arises under
this Agreement for Washington Group to fill a Position with a person to be
provided by

 

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BNFL Inc., Washington
Group will provide BNFL Inc. with written notice of such need, which notice
shall include detailed information about the types of Positions BNFL Inc. is
expected to fill under the WTP Subcontract, with a full and complete
description of the Position including information about the qualifications
necessary for such Position, and the duties involved in performing the work of
that Position.  Washington Group may amend
this information as necessary.

 

f.      Within thirty (30) days of
such notification, BNFL Inc. will provide Washington Group with the names and
qualifications of at least three (3) persons who BNFL Inc. can supply to fill
such Position.  BNFL Inc. personnel
provided for such Positions will satisfy all applicable DOE requirements
including FAR/DEAR and classified and sensitive unclassified information
requirements.

 

g.     Within fifteen (15) days
thereafter, WGI will notify BNFL Inc. of the person from the names supplied by
BNFL Inc. it has selected to fill the Position.

 

h.     Within sixty (60) days of
Washington Group’s notification of the person selected, BNFL Inc. will ensure
that the selected person reports to work at WTP.  The person provided by BNFL Inc. shall remain in the assignment
for the longer of (i) at least one (1) continuous 365 day period, or (ii) if
the description of the Position provided to BNFL Inc. indicates that the work
is critical path then, absent Washington Group approval, at least one (1)
continuous 730 day period.  Except for
circumstances beyond BNFL Inc.’s reasonable control (e.g., its employee’s
death, serious illness, unanticipated retirement, resignation, or termination
of employment for cause, or the WTP assignment is shorter than one year),
should the BNFL Inc. person fail to remain in such Position for the foregoing
durations, Washington Group shall no longer be obligated to keep that Position
filled with a BNFL Inc. person.

 

i.      Sixteen and two-thirds
percent (16 2/3%) of Washington Group’s personnel-based (e.g., incentive
compensation, travel, relocation) planned budgeted unallowables under the WTP
Subcontract shall be available to cover BNFL Inc.’s personnel-based
unallowables associated with providing its persons to the WTP.

 

13

 

j.      If Washington Group fills
Positions with non-BNFL Inc. persons in contravention of the terms of this
Agreement then, except through the fault of BNFL Inc. or circumstances listed
herein which are beyond Washington Group’s reasonable control (e.g., DOE
non-approval), Washington Group will pay to BNFL Inc., as liquidated damages,
the total overhead cost, including G&A, for such Washington Group employee
until said Position is filled by a BNFL Inc. employee or until the Position’s
end date, whichever occurs first.  The
foregoing liquidated damages apply to Positions filled on a going-forward
basis.  They do not apply to the Positions
filled as of the date of this Agreement except that, in the event of a termination
of any one or more of such Positions, the re-filling of such Positions with
non-BNFL Inc. persons in contravention of the terms of this Agreement is
subject to liquidated damages.

 

k.     If Washington Group or any
affiliate has a reduction in force (“RIF”) under the WTP Subcontract, then: (i)
if the RIF is workscope-reduction based, it shall be conducted without
reference to the obligations of this provision and (ii) for other RIFs, BNFL
Inc.’s Positions shall be subject to termination in the same percentage as its
Positions equate to the whole of Washington Group’s Positions under the WTP
Subcontract  (e.g., if the total
Positions is 1000, and BNFL Inc. holds 125 Positions, every eighth (8th)
severed Position shall be a BNFL Inc. person.

 

(d)           THOR Treatment
Technologies, LLC.  For any contract
entered into by TTT for use of its technologies, Washington Group will pay
forty percent (40%) of WGES’ Job Level Profit resulting from such work to BNSI.

 

(e)           Washington Safety
Management Solutions, LLC.  Neither BNFL-USA,
BNSI, nor their respective affiliates and subsidiaries shall have any ownership
interest in the businesses of WSMS in existence as of the effective date
of this Agreement or thereafter. 
Washington Group will pay BNSI ten percent (10%) of its Job Level Profit
earned on and after July 30, 2004, on all DOE contracts and DOE
subcontracts held by WSMS as of July 30, 2004.  DOE contracts and DOE subcontracts awarded to WSMS on or after
July 31, 2004 shall be governed pursuant to Section 5.0, below.

 

14

 

5.0           Assignment of
Payment Right in Future Projects

 

Subject to the terms of
this Agreement (including, without limit, Sections 6.0 and 10.14), and in
consideration for the terms of this Agreement including, without limitation,
Sections 1.1(a) and 1.2(a), Washington Group hereby unconditionally and
irrevocably assigns to BNSI the following Payment Right (the rights so assigned
also being referred to as the “Payment Rights”): excluding the contracts
and subcontracts addressed at Section 4.1(a) through (e) above (except
where Section 4.1(a) and (e) refers such contracts to this
Section 5.0), Washington Group will pay BNSI ten percent (10%) of its Job
Level Profit earned on all DOE contracts and DOE subcontracts awarded on or
after July 31, 2004 to Washington Group or any of its affiliates at any
level; provided however, that such payment obligation shall begin on
July 31, 2004 and shall end after BNSI receives the payment associated
with the month ending September 30, 2012.

 

6.0           Annual Lump Sum
Allocation

 

Recognizing that there
are costs associated with seeking and corporately managing the contracts for
which Payment Rights apply that are not addressed elsewhere within this
Agreement, Washington Group will withhold or cause to be withheld from the
payments due to BNSI and/or BNSI’s affiliates pursuant to Sections 4.0 and 5.0,
above, the sum of $5,500,000 each year, as BNFL-USA’s contribution to all
general and administrative costs (including Bid and Proposal Costs) and all
other non-contract specific costs incurred by Washington Group and/or its
affiliates (excluding the Section 2.6(c) LLCs) in maintaining the
infrastructure necessary and incidental to performing the contracts and seeking
the new contracts for the projects and work described in Sections 4.0 and 5.0
above.  Washington Group’s right to
withhold or cause to be withheld the amount stated above shall be renegotiated
and adjusted if the Contract Earnings (as used herein “Contract Earnings” has the
same meaning as that phrase is used in WGS’ 2004 financial statements) for the
Section 4.0 contracts increase or decrease by fifteen percent (15%) or
more in any year, compared to the 2004 Contract Earnings, provided however,
that in no instance shall the sum to be withheld from the fees due to BNSI
and/or BNSI’s affiliates pursuant to this Section 6.0 exceed $5,500,000 in
any one year.

 

7.0           Sale of Division;
Westinghouse Trademark and Trade Name

 

7.1           GTSD/EPD Sale.  Washington Group shall cause the
Westinghouse Government and Technical Services Division (“GTSD”), or its Engineered
Products Department (“EPD”) held by WGES to be sold, and shall
pay forty percent (40%) of the “net sales proceeds” to BNFL-USA.  If for any reason GTSD or EPD is not sold,
then the profits will continue to be shared as an existing project in
accordance with Section 4.0 above. 
“Net
Sales Proceeds” shall mean the amount received by WGES for the

 

15

 

sale of GTSD or EPD less
both (i) reasonable third-party costs associated with the sale incurred by WGES
or Washington Group and (ii) the value, consistent with Generally Accepted
Accounting Principles (“GAAP”) and subject to auditor’s approval,
of any and all liabilities retained by WGES.

 

7.2           Westinghouse
Trademark and Trade Name.

 

(a)           Washington Group,
through WGS and WGES, possesses certain license rights to use the name
WESTINGHOUSE and associated names and marks (i) as a word mark, the Circle “W”
logo, and the slogan (YOU CAN BE SURE ... IF IT’S WESTINGHOUSE) to identify and
promote products and services within the governmental nuclear fuel cycle
business (collectively, the “Westinghouse Trademarks”) and (ii) as part of
trade or corporate names for businesses within the governmental nuclear fuel
cycle business (collectively, the “Westinghouse Trade Names”) ((i) and (ii)
together, the “License Rights”) as those rights exist under the March 22,
1999 Trademark and Trade Name License Agreement between CBS Corporation (“CBS”)
and WGS, and the March 22, 1999 Trademark and Trade Name License Agreement
between CBS and WGES (collectively, the “License Agreements”).  Washington Group covenants that it
will promptly notify BNFL-USA of the response of Viacom, Inc. (“Viacom”) (as
the successor-in-interest to CBS) to the notifications to Viacom (as required
by Section 7.2 of each of the License Agreements) of the intended changes
in the economic interest in and ownership of WGS and of WGES, respectively,
provided for by this Agreement.

 

(b)           In the event Washington
Group determines to cease use of the Westinghouse Trademarks and Westinghouse
Trade Names, within 120 days of such determination, Washington Group shall
notify BNFL-USA in writing and shall request Viacom’s consent in writing to
assign the License Agreements to BNFL-USA pursuant to the terms of the License
Agreements.  Upon the grant of such
consent (which may not be unreasonably withheld or delayed by Viacom),
Washington Group shall cause WGS and WGES to assign their respective License
Agreements to BNFL-USA.  Said assignment
of License Agreements shall be subject to a cross-indemnification, pursuant to
which BNFL-USA will indemnify Washington Group against any claim of trademark
or trade name mis-use, or noncompliance with the terms of the License Agreements
arising after the date of assignment, and Washington Group will indemnify
BNFL-USA against any claim of trademark or trade name mis-use, or noncompliance
with the terms of the License Agreements, arising after the date of this
Agreement but before the date of the assignment.

 

16

 

8.0           Dispute Resolution

 

8.1           All disputes relating
to or arising out of this Agreement will, in the first instance, be referred to
the Chief Executive Officers (“CEOs”) of Washington Group’s Energy &
Environment business unit and of BNFL Inc. as representatives of their
respective parties.

 

8.2           If the dispute cannot be resolved by the CEOs within
sixty (60) days after it is referred to them, then either party may initiate
mediation of the dispute in accordance with the Center for Public Resources
Model Procedure for Mediation of Business Disputes.

 

8.3           If the dispute has not been resolved within sixty (60)
days after the initiation of the mediation procedure, or if either party will
not participate in mediation, then either party may bring a legal action in a
court of competent jurisdiction in Delaware. 
The parties hereby irrevocably submit to the exclusive jurisdiction of
the courts of the State of Delaware and the Federal courts of the United States
of America located in the State of Delaware solely in respect of the
interpretation and enforcement of the provisions of this Agreement and of the
documents referred to in this Agreement, and in respect of the transactions
contemplated hereby, and hereby waive, and agree not to assert, as a defense in
any action, suit or proceeding for the interpretation or enforcement hereof of
any such document, that it is not subject thereto or that such action, suit or
proceeding may not be brought or is not maintainable in said courts or that the
venue thereof may not be appropriate or that this Agreement or any such
document may not be enforced in or by such courts.  The parties hereby consent to and grant any such court
jurisdiction over the person of such parties and over the subject matter of
such dispute.

 

9.0           Confidential
Information

 

9.1           The parties acknowledge that in order to carry out the
purpose of this Agreement it will be necessary for them to disclose to the
other party, and to its affiliates, confidential and proprietary information of
the disclosing party or its affiliates.

 

9.2           Each party will take
reasonable actions to identify to the other party any information that is
confidential or proprietary, which will include marking or identifying such
information (in whatever form it may be embodied) as “Confidential.” All such
information is referred to as “Confidential Information.”

 

9.3           Each party will treat the other party’s Confidential
Information as confidential, will not disclose it to any other person (other
those of its and its affiliates’ officers, directors and representatives who
need to know such information for the purpose of carrying out the transactions
contemplated

 

17

 

by this Agreement) or use it for any purpose other than carrying out
the transactions contemplated by this Agreement.

 

9.4           The restrictions
imposed under this Section 9.0 shall remain in effect

 

(a)           with respect to any
Confidential Information that constitutes a “trade secret” (as defined under
the laws of the State of Delaware) of the disclosing party, so long as it
remains a trade secret,

 

(b)           with respect to other
Confidential Information, for a period of three  (3) years following the termination of this Agreement.

 

9.5           The restrictions
imposed under this Section 9.0 shall not apply to any Confidential
Information that

 

(a)           at the time of
disclosure is available in the public domain or is known to the receiving party
without breach of any obligation of confidentiality,

 

(b)           is subsequently
disclosed by a third party to the receiving party without any obligation of
confidentiality, or

 

(c)           is independently
developed by the receiving party without breach of any obligation of
confidentiality.

 

10.0         Miscellaneous

 

10.1         Other Actions. The
parties will take all such other actions and will cause their respective
affiliates to take all such other actions as necessary to fulfill the intent of
this Agreement including, without limitation, the execution of the security agreement
referenced in Section 10.4(b) and the modifications of the other
agreements referenced within this Agreement consistent with the terms of this
Agreement.

 

10.2         Timing of Job Level
Profit Payments.  Washington Group
shall pay or cause to be paid to BNSI or to BNFL Inc., as appropriate, the
provisional Job Level Profit share amounts provided for under Section 4.0
and Section 5.0, not less frequently then once per month with payment made
within ten (10) days of the Washington Group entity’s determination, based on
the revenue recognized through that month, of its month results, provided
however, that any portion of the Job Level Profit due for the period from
March 20, 2003 through the date of this Agreement, as referenced in
Section 4.1(b), which as of the effective date of this Agreement has not
been paid to either BNSI or to BNFL Inc., and any portion of the Job Level
Profit due for the period from December 11, 2000 through the date

 

18

 

of this Agreement, as
referenced in Section 4.1(c)(i)(a), which as of the effective date of this
Agreement has not been paid to either BNSI or to BNFL Inc., shall be paid to
BNSI and/or to BNFL Inc., as appropriate, within ten (10) work days of the date
of this Agreement.  Should the final Job
Level Profit due be more than the provisional Job Level Profit paid to BNSI or
BNFL Inc., then BNSI or BNFL Inc., as appropriate, shall be made whole within
thirty (30) days of the Washington Group entity’s determination of the final
Job Level Profit.  Should the final Job
Level Profit due be less than the provisional Job Level Profit paid to BNSI or
BNFL Inc., Washington Group shall be made whole either through a BNSI or BNFL
Inc. reimbursement of the difference or through an offset against future Job
Level Profit payments.  Washington Group
will withhold one-twelfth of the sum referenced in Section 6.0 from the
sum otherwise payable each month to BNSI and to BNFL Inc. under this Section 10.2.

 

10.3         Responsibility for
Pre-Existing Defined Benefits Obligations.

 

(a)           Except as otherwise
provided in this Section 10.3, the parties’ respective obligations with
regard to defined benefit plans (“DBP”) (i.e., the Westinghouse Government
Services Group Pension Plan, a qualified DBP, the Westinghouse Government
Services Executive Pension Plan, a non-qualified DBP, the Westinghouse
Government Services Retirement Medical and Life Insurance Plan, a non-qualified
DBP, and the Westinghouse Safety Management Solutions Pension Plan which is in
the process of a name change to the Washington Safety Management Solutions
Pension Plan, a qualified DBP) in existence as of the effective date of this
Agreement, whether subsequently re-named, or included with successor DBPs,
shall continue unaltered by this Agreement with Washington Group being
responsible for sixty percent (60%) of such obligations and BNSI and/or
BNFL-USA being responsible for forty percent (40%) of such obligations,
provided that the amount of such obligations shall be reduced by (i) any payment
of, or reimbursement for, benefit costs paid by the U. S. government, Viacom,
or any other third party and (ii) any DBP costs taken into account in the
calculation of Job Level Profit.  All
references within this Agreement to a “DBP” or the “DBPs” shall mean the DBPs
specifically referenced within this Section 10.3(a) and no other defined
benefit plan.

 

(b)           Washington Group shall
be solely (100%) responsible for: (i) the costs associated with maintaining
(i.e., managing the assets) all DBPs after the effective date of this Agreement
except for those administrative costs that are paid through the DBP assets;
(ii) the

 

19

 

obligations resulting
from personnel added to such DBPs after the effective date of this Agreement;
(iii) any obligations under DBPs resulting from any willful misconduct or gross
negligence by Washington Group or its affiliates that causes any third party,
including but not limited to, the U. S. government or Viacom not to pay or
reimburse Washington Group or its affiliates for benefit costs that would
otherwise be paid for or reimbursed by such third party; (iv) any obligations
resulting from a court decision or settlement involving a DBP and a finding of
willful misconduct or gross negligence on the part of Washington Group or any
of its affiliates to the extent that, as a result of such court decision or
settlement, such DBP is required to provide benefits in excess of the benefits
that would have been provided under the written terms of the DBP as in effect
on the effective date of this Agreement; and (v) any obligations resulting from
new benefits (as opposed to the growth of existing benefits) that accrue under
the DBPs after the effective date of this Agreement with respect to existing
personnel, provided that this section (v) shall not be construed to
prevent any such obligations directly allocable to an individual contract
addressed by this Agreement from being taken into account in the calculation of
Job Level Profit if such obligations would otherwise be properly taken into
account in such calculation.

 

(c)           Should BNSI and/or
BNFL-USA fail to meet its payment obligation hereunder, payments will include
interest at the prime rate.

 

(d)           Washington Group shall
indemnify, defend and hold harmless BNSI, BNFL-USA, and their affiliates from
any claim or liability including, but not limited to, attorneys’ fees and
expenses, with respect to any obligation under DBPs resulting in whole or in
part from any willful misconduct or gross negligence by Washington Group or any
of its affiliates, except to the extent that BNSI and BNFL-USA are specifically
responsible for such obligations pursuant to this Section 10.3.

 

10.4         Audit and Oversight
Rights.

 

(a)           Forecasts.  Washington Group will deliver to BNFL-USA,
not less often than quarterly, a financial update report of actual results that
also forecasts BNSI’s anticipated earnings under its Payment Rights.

 

(b)           Pre-Agreement
Distributions/Economic Interest Payments. 
Notwithstanding the Section 3.5 mutual releases, as to any claim

 

20

 

pertaining to the sums
due to BNFL USA or any of its affiliates under the First Amended Agreement,
including BNSI’s share of WGES distributions and its receipt of its WGS economic
interest arising from the parties’ relationship as it existed under the First
Amended Agreement, should any adjustment be necessary and proper as a result of
any third-party audit contemplated by the First Amended Agreement or this
Agreement, such adjustment shall promptly be made, and any resulting payments
will include interest at the prime rate.

 

(c)           This Agreement.  BNFL-USA shall have the right, at its
expense, to cause to be audited any and all accounts of any and all contracts
and projects referenced herein to ensure that payments have been made in
accordance with the terms of this Agreement and consistent with Cost Accounting
Standards (“CAS”).  Washington
Group agrees that it will make all of its and its affiliates’ books, records,
accounts and other documents (including, without limitation, any internal audit
report), relevant (as determined by BNFL-USA’s auditor) to determining its
Payment Rights, available to BNFL-USA’s auditing firm for this purpose. Any
Confidential Information of Washington Group or its affiliates contained within
said documentation may be reviewed solely by a third-party auditing firm,
selected by BNFL-USA, and acceptable to Washington Group, which shall serve
under a nondisclosure agreement, of a form reasonably determined by Washington
Group, and which shall release its audited results to BNFL-USA in such manner
that Confidential Information is not disclosed.  In the event such audit indicates that payments were not made by
Washington Group in accordance with the terms of this Agreement and consistent
with CAS, or that Washington Group over-paid, additional payments or
reimbursement, as appropriate, shall be made consistent with the audit
recommendations.  Such payments will
include interest at the prime rate. Provided, however, that should Washington
Group disagree with the audit findings on the basis of its own third-party
audit, then both Parties’ third-party auditors shall meet for the purpose of
resolving the difference and, (i) if resolution occurs, adjustment will be made
in accordance with the resolution while, (ii) if resolution is not reached, the
Parties’ disagreement will be resolved in accordance with the procedure set
forth in Section 8.0.

 

(d)           Credit Agreement.  Washington Group represents that it has not
granted to any entity a security interest in the Payment Rights, as that term
is defined at Sections 4.0 and 5.0 of this Agreement, other than the existing
security interest in substantially all of

 

21

 

Washington Group’s assets
in favor of Credit Suisse First Boston (“CSFB”), as administrative agent and
collateral agent under that certain Amended and Restated Credit Agreement dated
as of October 7, 2003 (the “Credit Agreement”), among, inter alia,
Washington Group, Credit Suisse First Boston, and the lenders party thereto, as
such Credit Agreement may be amended, waived or otherwise modified from time to
time, which security interest will attach to the assets of Washington Group and
its subsidiaries upon the consummation of the transactions contemplated by this
Agreement.  Pursuant to this Agreement,
and as a condition precedent to the effectiveness of this Agreement, Washington
Group shall:  (i) grant to BNSI a
security interest in the Sections 4.0 and 5.0 contracts from which Payment
Rights are derived pursuant to a Security Agreement substantively in the form
of the Security Agreement attached hereto as Exhibit B; and (ii) enter into an
agreement with CSFB and BNFL-USA to confirm its assignment of and granting of a
security interest in said Payment Rights and pursuant to which CSFB shall
acknowledge and consent to said assignment and security interest pursuant to an
Intercreditor Agreement substantively in the form of the Intercreditor
Agreement attached hereto as Exhibit C.

 

10.5         Governing Law.
This Agreement is governed by and shall be construed in accordance with the law
of the State of Delaware, without regard to its conflicts or choice of laws
provisions.

 

10.6         Assignment.  No party shall have the right to assign all
or any part of its rights or obligations under this Agreement without the
written consent of the other party and any assignment attempted or purported to
have occurred in the absence of the other party’s consent shall be void and
unenforceable. This Agreement shall be binding upon and inure to the benefit of
the parties and their respective successors and assigns.

 

10.7         No Partnership.  The parties do not intend to create, and
this Agreement shall not be deemed to create, a partnership, joint venture or
agency relationship or any fiduciary duties between WGI and BNFL-USA or any of
their affiliates.  Each party hereby
waives, for itself and on behalf of its Affiliates, any claim or cause of
action against the other party, its affiliates, and their respective directors,
officers, employees and agents, from and against any breach of fiduciary duty
to such waiving party.

 

10.8         Counterparts.  This Agreement may be executed in two or
more counterparts, all of which shall be considered one and the same agreement
and shall become effective when one or more counterparts have been signed by
each of the parties and delivered (including by facsimile) to the other party.

 

22

 

10.9         Binding Nature of
Agreement.  Each party hereby
represents and warrants that, except as provided at Section 10.16 and with
respect to any DOE FOCI reviews and consents, it has obtained any necessary
internal (e.g., corporate governance or creditor) and external (e.g., DOE)
approvals to enter into this Agreement, and that it has the requisite power and
authority to execute and deliver this Agreement and to perform its obligations
hereunder.  Receipt of both of the
foregoing pending consents shall be a condition precedent to the effectiveness
of this Agreement.  Certain provisions
of this Agreement apply to the affiliates of Washington Group and
BNFL-USA.  Each party hereby further
represents and warrants that it has the authority to bind its affiliates to the
terms of this Agreement applicable to such affiliates and further acknowledges
and agrees that, in signing this Agreement, it has so bound its affiliates to
such provisions.

 

10.10       Right to Compete;
Protection of Payment Rights. 
Nothing within this Agreement shall prevent any of the parties and their
respective affiliates from competing against any of the other parties or their
respective affiliates for any business opportunities.

 

10.11       Order of Precedence.  This Agreement shall take precedence over
all other agreements between or among the parties and/or their respective
affiliates including, without limitation, the First Amended Agreement, Economic
Rights Agreement, Supplemental Agreement, and Amended and Restated WGES Limited
Liability Company Agreement.

 

10.12       Invalidity.  In the event that any provision of this
Agreement is held invalid, (i) the validity of the remaining provisions of this
Agreement shall not in any way be affected thereby and (ii) the parties will
promptly enter into good faith negotiations to modify this Agreement to replace
the invalid provision(s) with new provision(s) that will as near as possible
accomplish the purposes intended by such invalid provision(s) in a manner such
that the new provision(s) are jointly believed to be such that they will
survive any further validity challenge.

 

10.13       Waiver of Consequential
Damages.  Each party, on behalf of
itself and its affiliates, releases the other party and its affiliates from any
and all incidental, indirect, special, punitive and consequential damages.

 

10.14       Responsibility for
Payment/Repayment and Right of Off-set. 
Should BNSI’s Payment Rights for any given payment period be in the
negative, or should BNSI or BNFL Inc. have responsibility to pay amounts under
Sections 10.2, 10.3 or other provision of this Agreement (collectively, the “Amounts”),
BNSI or BNFL Inc. shall promptly pay Washington Group the Amounts.  Any BNSI or BNFL Inc. failure to promptly
pay or

 

23

 

reimburse the Amounts
shall be handled as a Dispute herein and, in addition to, or in lieu of,
pursuing its rights against BNFL-USA under Section 8.0, Dispute
Resolution, Washington Group may off-set the Amounts against BNSI’s or BNFL
Inc.’s future Fee earned under this Agreement. Should BNSI and/or BNFL-USA fail
to meet any of its obligations under this Agreement to pay sums to Washington
Group, payments will include interest at the prime rate.

 

10.15       Entire Agreement.  This Agreement constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof
and thereof and supersedes all other prior and contemporaneous agreements and
understandings both written and oral between the parties with respect to the
subject matter hereof.

 

10.16       HSR Act.  As promptly as possible Washington Group and
BNFL-USA shall make, and shall cause their respective affiliates and WGS to
make, all filings required by them in connection with the consummation of the
transactions contemplated hereby with the Federal Trade Commission (the “FTC”)
and the United States Department of Justice – Antitrust Division (the “DOJ”)
pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended (the “HSR Act”), and the parties shall cooperate with one another in
connection with such filings.  Washington
Group and BNFL-USA shall (i) comply at the earliest practicable date with any
request under the HSR Act for additional information, documents or other
material received by such party from the FTC or the DOJ or any other
governmental authority in respect of such filings, and (ii) cooperate with the
other party in connection with any such filings, and in connection with
resolving any investigation or other inquiry of any such agency or other
governmental authority under the antitrust laws.  Each party promptly shall inform the other party of any
communication with, and any proposed understanding, undertaking or agreement
with, any governmental authority regarding any such filings or any such
transaction.  Each party
shall be responsible for its own expenses, including fees and expenses of
legal, financial or other professionals engaged to provide services in respect
of such filing on behalf of such party. 
In connection with the transactions contemplated by this Agreement,
Washington Group and BNFL-USA shall use, and shall cause their respective
affiliates to use, commercially reasonable efforts to take such action as may
be required to fulfill the requirements of the HSR Act or any state statutes,
rules, regulations, orders or decrees designed to prohibit, restrict or
regulate actions having the purpose or effect of monopolization or restraint of
trade with respect to the transactions contemplated hereby as promptly as
possible after the execution of this Agreement.  Notwithstanding anything to the contrary provided herein, neither
Washington Group or any of its affiliates nor BNFL-USA or any of its affiliates
shall be required (i) to

 

24

 

divest any of its
businesses, product lines or assets (including, for Washington Group, any of
the WGS assets or the WGES Assets), (ii) to agree to any limitation on the
operation or conduct of its business (including, for Washington Group, WGS’
business or WGES’ business), or (iii) to waive any of the provisions of this
Agreement.  Notwithstanding anything in
this Agreement to the contrary, this Agreement shall not be effective until the
early termination or expiration of the applicable waiting period under the HSR
Act.

 

10.17       Public Statements.  Except as may be required by law, this
Agreement shall remain confidential and public statements (i.e. press releases,
etc.) made by either of the parties about this Agreement shall be agreed to in
advance and by both parties prior to release to the public.

 

10.18       Notices.  Each party giving or making any notice,
request, demand or other communication (each, a “Notice”) pursuant to this
Agreement shall give the Notice in writing and use one of the following methods
of delivery, each of which for purposes of this Agreement is a writing: personal
delivery, Registered or Certified Mail (in each case, return receipt requested
and postage prepaid), nationally recognized overnight courier (with all fees
prepaid), or facsimile. Any Notice shall be addressed to the party to be
notified as follows:

 

(a)   if to Washington Group:

 

Washington Group
International, Inc.

Energy & Environment

106 Newberry Street S.W.

Aiken, SC 29801

Attention:  President (presently E. Preston Rahe, Jr.)

Facsimile No.:  803-502-9795

 

with a copy to:

 

Washington Group International,
Inc.

720 Park Boulevard

Boise, ID 83871

Attention: General
Counsel (presently Richard D. Parry, Esq.)

Facsimile No.:  208-386-5220

 

(b)   if to BNFL-USA:

 

BNFL Inc.

Crystal Gateway One

1235 South Clark Street

 

25

 

Suite 700

Arlington, VA 22202

Attention: Philip O.
Strawbridge

Facsimile No.: (703)
412-2567

 

with a copy to:

 

BNFL Inc.

Crystal Gateway One

1235 South Clark Street

Suite 700

Arlington, VA 22202

Attention: Jonathan P.
Carter, Esq.

Facsimile No.: (703)
412-2571

 

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed and delivered by their duly authorized
officers or agents, all as of the date first written above.

 

 

WASHINGTON GROUP INTERNATIONAL, INC.

 

 

	
  By:

  	
  /s/ George H. Juetten

  	
   

  
	
  Name:

  	
  George Juetten

  
	
  Title:

  	
  Executive Vice
  President and Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  BNFL USA GROUP INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  John F. Edwards

  	
   

  
	
  Name:

  	
  John F. Edwards

  
	
  Title:

  	
  President

  

 

26EXHIBIT 10.2

 

EXECUTION COPY

 

INTERCREDITOR
AGREEMENT

 

This Intercreditor
Agreement, dated as of July 31, 2004 (this “Agreement”), is among
Credit Suisse First Boston, as administrative agent (in such capacity,
the ”Agent”) for the Bank Creditors (as defined below), BNFL USA
Group Inc., a Delaware corporation (the “Consortium Creditor”),
Washington Group International, Inc., an Ohio corporation (“WGI”) and
the affiliates of WGI from time to time party to the Consortium Security
Agreement (together with WGI, collectively, “Debtors”).

 

PRELIMINARY
STATEMENTS:

 

1.             Washington Group
International, Inc., a Delaware corporation, as borrower, the lenders party
thereto, as lenders (together with the Agent, the “Bank Creditors” and
each, a “Bank Creditor”), and the Agent are parties to the Amended
and Restated Credit Agreement dated as of October 9, 2003 (as
amended, waived, supplemented or otherwise modified from time to time, the “Credit
Agreement” and together with the other documents entered in connection with
the Credit Agreement, the “Credit Agreement Documentation”), under which
the Bank Creditors agreed to extend credit to WGI and its subsidiaries.  All or any part of any amounts owing by any
Debtor or any successor or assignee, including, without limitation, a receiver
or debtor in possession, to the Bank Creditors under the Credit Agreement
Documentation now or in the future or obligations that are due or not due,
direct or indirect, absolute or contingent or guaranteed) are referred to in
this Agreement as the “Credit Agreement Obligations.”

 

2.             Pursuant to a
Security Agreement of even date herewith in favor of the Consortium Creditor
(the “Consortium Security Agreement”; together with the other Consortium
Documents described therein, the “Consortium Documentation”), each
existing Debtor has agreed (and each Additional Debtor will agree) to grant a
security interest to the Consortium Creditor in the Collateral described
therein (the “Consortium Collateral”). 
All or any part of any amounts owing by any Debtor or any successor or
assignee, including, without limitation, a receiver or debtor in possession, to
the Consortium Creditor under the Consortium Documentation now or in the future
or obligations that are due or not due, direct or indirect, absolute or contingent
or guaranteed are referred to in this Agreement as the “Consortium Obligations.”  Capitalized terms used in this Agreement and
not otherwise defined have the meanings set forth for such terms in the
Consortium Security Agreement.

 

3.             The execution and
delivery of this Agreement is a condition precedent to the effectiveness of
that certain Second Amended and Restated Consortium Agreement of even date
herewith (the “Consortium Agreement”), between the Consortium Creditor and WGI.

 

 

AGREEMENT:

 

In consideration of the foregoing and the mutual agreements contained
in this Agreement, the Agent, the Consortium Creditor and WGI agree as follows:

 

1.   Agreement
on Allocation of Liens.  (A) The Consortium Creditor acknowledges that,
pursuant to the Credit Agreement and other Credit Agreement Documentation, WGI
has granted to the Agent, for the benefit of the Bank Creditors, valid and
perfected security interests in and liens against substantially all of WGI’s
assets (including the Consortium Collateral), which security interests and
liens secure the full, prompt and complete payment of the Credit Agreement
Obligations.

 

(B)           The Agent, on behalf of
the Bank Creditors, acknowledges that, pursuant to the Consortium
Documentation, each Debtor has granted to the Consortium Creditor valid and
perfected security interests in and liens against the Consortium Collateral,
which security interests and liens secure the full, prompt and complete payment
of the Consortium Obligations.

 

(C)           Notwithstanding any
understanding between the Agent, any Bank Creditor and/or any Debtor, the order
or time of creation, acquisition, attachment, or the order, time or manner of
perfection (whether by possession, control, filing or otherwise), or the order
or time of filing or recordation of any document or instrument, or other method
of assigning, perfecting a security interest or lien on and against any of the
Consortium Collateral, any assignment, lien or security interest now or
hereafter existing of, in and to the Consortium Collateral in favor of the
Agent shall be and at all times remain subordinate and junior to any existing
and future security interests of the Consortium Creditor in and to all
Consortium Collateral to the extent, and only to the extent, that such
Consortium Collateral secures Consortium Obligations.

 

(D)          The Consortium Creditor
agrees that it has no and will have no liens and security interests in any
property of any Debtor except for the Consortium Collateral.  The Consortium Creditor agrees that the
Consortium Collateral secures only the Consortium Obligations.

 

2.   In
Furtherance of Subordination.  (A)  All payments
or distributions upon or with respect to the Consortium Collateral that are
received by the Agent or any Bank Creditor contrary to the provisions of this
Agreement are received in trust for the benefit of the Consortium Creditor,
will be segregated from other funds and property held by the Agent or such Bank
Creditor and will be immediately paid over to the Consortium Creditor in the
same form as so received (with any necessary indorsement) to be applied in
accordance with the Consortium Security Agreement.

 

(B)           The Consortium Creditor
and Agent on behalf of the Bank Creditors, respectively, are each authorized to
demand specific performance of this Agreement, whether or not any Debtor has
complied with any of the provisions of this Agreement applicable to it, at any
time when the Consortium Creditor or the Agent or any Bank Creditor, as
applicable, has failed to comply with any provision of this Agreement
applicable to it.

 

3.   No
Contest.  So long as any of the
Credit Agreement Obligations or the Consortium Obligations have not been paid
in full, neither the Consortium Creditor nor the Agent (nor any Bank Creditor)
will contest the validity, priority (as established by this Agreement) or

 

2

 

enforceability of the
(a) Agent’s or the Bank Creditors’ rights or Debtors’ obligations under
the Credit Agreement Documentation or (b) the Consortium Creditor’s rights
or Debtors’ obligations under the Consortium Documentation.

 

4.   Further
Assurances.  The Consortium
Creditor, the Agent and each Debtor will, at Debtors’ expense and at any time
and from time to time, promptly execute and deliver all further instruments and
documents, and take all further action, that may be necessary, or that the
Agent or the Consortium Creditor may reasonably request, to protect any right
or interest granted or purported to be granted by this Agreement or to enable
the Bank Creditors and the Consortium Creditors to exercise and enforce their
rights and remedies under this Agreement.

 

5.   Marshalling
of Assets.  Nothing in this
Agreement will be deemed to require either the Consortium Creditor, the Agent
or any Bank Creditor (i) to proceed against certain property securing the
Consortium Obligations or the Credit Agreement Obligations, as applicable,
prior to proceeding against other property securing the same or (ii) to
marshall the Consortium Collateral or the Bank Collateral, as applicable, upon
the enforcement of the Consortium Creditor’s or Agent’s remedies under the
Consortium Documentation or the Credit Agreement Documentation, respectively.

 

6.   Obligations
under this Agreement Not Affected.  All rights and interests of the Bank
Creditors under this Agreement, and all agreements and obligations of the
Consortium Creditor and WGI under this Agreement, remain in full force and
effect irrespective of:

 

(i)            any lack
of validity or enforceability of the Consortium Agreement or the other
Consortium Documentation; or

 

(ii)           any lack
of validity or enforceability of the Credit Agreement or the other Credit
Agreement Documentation.

 

7.   Waivers.  The Consortium
Creditor, the Agent, the Bank Creditors and each Debtor each expressly waives
any notice of the acceptance by the Consortium Creditor and the Agent,
respectively, of the subordination and other provisions of this Agreement and
all other notices not specifically required under the terms of this Agreement
whatsoever, and the Consortium Creditor, the Agent, the Bank Creditors and each
Debtor each expressly consent to reliance by the Consortium Creditor and the
Bank Creditors upon the agreements and obligations in this Agreement.

 

8.   Information
Concerning Financial Condition of WGI.  The Consortium Creditor and the Agent assume responsibility for
keeping themselves informed of the financial condition of Debtors and of all
other circumstances bearing upon the risk of nonpayment of all or any part of
the Consortium Obligations and the Credit Agreement Obligations, respectively.

 

9.   Amendment;
Waiver.  This Agreement may be
amended only by a writing executed by the Consortium Creditor, Debtors and the
Agent.  No waiver of any provision of
this Agreement is effective unless it is in writing and signed by the
Consortium Creditor, Debtors and the Agent.

 

3

 

10.   Addresses
for Notices.  Any notice or other
communication required hereunder shall be in writing (messages sent by e-mail
or other electronic transmission (other than by facsimile) shall not constitute
a writing), and shall be deemed to have been validly served, given or delivered
when received by the recipient if hand delivered, sent by commercial overnight
courier or sent by facsimile, or three Business Days after deposit in the
United States mail, with proper first class postage prepaid and addressed to
the party to be notified at the address specified on the signature page of this
Agreement or at such other address as is designated by such party in a written
notice to each other party complying as to delivery with the terms of this Section 10.  Any notice required to be given by or to any
Debtor hereunder will be deemed received or given, as the case may be, if such
notice is given by or to WGI in compliance with this Section 10.

 

11.   No
Waiver; Remedies.  No failure on the
part of the Consortium Creditor, the Agent or a Bank Creditor, respectively, to
exercise, and no delay in exercising, any right under this Agreement operates
as a waiver of such right, nor does any single or partial exercise of any right
under this Agreement preclude any other or further exercise of such right or
the exercise of any other right.  The
remedies provided in this Agreement are cumulative and not exclusive of any
remedies provided by law.

 

12.   Continuing
Agreement; Transfer of Credit Agreement Obligations.  This Agreement is a continuing agreement and
(i) remains in full force and effect until the Consortium Obligations and
Credit Agreement Obligations have been paid in full and the Consortium
Documentation and the Credit Agreement Documentation have been terminated, (ii)
is binding upon the Consortium Creditor, each Debtor, the Agent, the Bank
Creditors and their respective successors, transferees, participants and
assigns and (iii) inures to the benefit of and is enforceable by the Agent and
the Consortium Creditor and their successors, transferees, participants and
assigns.  Without limiting the
generality of clause (iii) above, the Bank Creditors may, in accordance with
the Credit Agreement, assign, participate or otherwise transfer the Credit
Agreement Obligations to any other person or entity, which person or entity
upon such transfer becomes vested with all the rights in respect of such Credit
Agreement Obligations granted to the Bank Creditors in this Agreement or
otherwise.

 

13.   Documentation.  The Agent and the Consortium Creditor each
represent and warrant to the other that it has (i) in the case of the Agent,
delivered to the Consortium Creditor true, correct and complete copies of the
Credit Agreement and the other primary Credit Agreement Documentation and (ii)
in the case of the Consortium Creditor, delivered to the Agent true, correct
and complete copies of the primary Consortium Documentation.

 

14.   Construction.  (A) Neither this Agreement nor any
uncertainty or ambiguity herein shall be construed against any party, whether
under any rule of construction or otherwise. 
On the contrary, this Agreement has been reviewed by each of the parties
and their counsel and shall be construed and interpreted according to the
ordinary meaning of the words used so as to fairly accomplish the purposes and
intentions of all parties hereto.

 

(B)           Unless the context of
this Agreement requires otherwise, the plural includes the singular, the
singular includes the plural, and “including” has the inclusive meaning of
“including without limitation.”  The
words “hereof,” “herein,” “hereby,” “hereunder,” and other similar terms of
this Agreement refer to this Agreement as a whole and not exclusively to any

 

4

 

particular provision of
this Agreement.  All pronouns and any
variations thereof shall be deemed to refer to masculine, feminine, or neuter,
singular or plural, as the identity of the person or persons may require.

 

(C)           Section and other
headings are for reference only, and shall not affect the interpretation or
meaning of any provision of this Agreement. 
Unless otherwise provided, references to articles, sections, schedules,
annexes and exhibits shall be deemed references to articles, sections,
schedules, annexes and exhibits of this Agreement.  References in this Agreement (i) to any other agreement are
deemed to refer to such agreements as the same may be amended, restated,
supplemented or otherwise modified from time to time under the provisions
hereof or thereof (unless expressly stated otherwise) and (ii) to any law, rule
or regulation are deemed to refer to such law, rule or regulation as it may be
amended, supplemented or otherwise modified from time to time, and any
successor law, rule or regulation.  Any
reference to a person includes the successors and assigns of such person, but
such reference shall not increase, decrease or otherwise modify in any way the
provisions in this Agreement governing the assignment of rights and obligations
under or the binding effect of any provision of this Agreement.

 

15.   Governing
Law; Severability  THE VALIDITY,
INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS
OF THE  STATE OF NEW YORK.  If any provision of this Agreement is held
to be illegal or unenforceable, such provision shall be fully severable, and
the remaining provisions of the applicable agreement shall remain in full force
and effect and shall not be affected by such provision’s severance.  Furthermore, in lieu of any such provision,
there shall be added automatically as a part of the applicable agreement a
legal and enforceable provision as similar in terms to the severed provision as
may be possible.

 

16.   WAIVER
OF JURY TRIAL; PERSONAL SERVICE. 
EACH DEBTOR, THE CONSORTIUM CREDITOR AND THE AGENT EACH WAIVE ANY RIGHT
TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF  THIS AGREEMENT.  EACH DEBTOR, THE CONSORTIUM CREDITOR AND THE AGENT EACH
IRREVOCABLY WAIVE PERSONAL SERVICE OF PROCESS AND CONSENTS TO SERVICE OF
PROCESS BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED.

 

17.   CONSENT
TO JURISDICTION.  THE CONSORTIUM
CREDITOR, THE AGENT AND EACH DEBTOR, IN CONNECTION WITH ANY LITIGATION ARISING
OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED BY THIS AGREEMENT, EACH
CONSENT TO THE JURISDICTION OF THE FEDERAL COURT OF THE SOUTHERN DISTRICT OF
NEW YORK OR, IF SUCH COURT LACKS JURISDICTION, THEN TO THE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK, AND WAIVES ANY OBJECTION BASED UPON FORUM NON
CONVENIENS AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED UNDER THIS
AGREEMENT.

 

5

 

18.   Agreement
by Debtors.  Each Debtor agrees that
it will not make any payment of any of the Consortium Obligations or the Credit
Agreement Obligations, or take any other action, in contravention of the
provisions of this Agreement.

 

19.   Counterparts  This Agreement may be executed in any
number of counterparts and by the different parties to this Agreement on
separate counterparts and each such counterpart is deemed to be an original,
but all such counterparts together constitute but one and the same Agreement.

 

6

 

*     *    
*     *     *Executed and delivered as of the day and year first above
written.

 

 

	
   

  	
  CREDIT SUISSE FIRST
  BOSTON,

  
	
   

  	
  New York Branch, as
  Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Jay Chall

  	
   

  
	
   

  	
  Title:

  	
  DIRECTOR

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/Vanessa Gomez

  	
   

  
	
   

  	
  Title:

  	
  ASSOCIATE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Eleven Madison Avenue

  
	
   

  	
  New York, NY 10010

  
	
   

  	
  Attention:  Christopher Kim / Agency Group

  
	
   

  	
  Telecopy No.  (212) 325-8304

  

 

 

	
   

  	
  WASHINGTON GROUP
  INTERNATIONAL,

  INC., an Ohio corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ George H. Juetten

  	
   

  
	
   

  	
  Title:

  	
  Exec VP and Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WESTINGHOUSE GOVERNMENT
  SERVICES

  COMPANY LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ George H. Juetten

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WESTINGHOUSE SAVANNAH
  RIVER

  COMPANY LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ George H. Juetten

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WASHINGTON SAFETY
  MANAGEMENT

  SOLUTIONS LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ George H. Juetten

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WSMS MID-AMERICA LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ George H. Juetten

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  720 Park Boulevard

  
	
   

  	
  Boise, ID 838712

  
	
   

  	
  Attention: Richard
  Perry, Esq.

  
	
   

  	
  Telecopy No. (208)
  386-52200

  
	
   

  	
   

  
	
   

  	
  with a copy to:

  
	
   

  	
   

  
	
   

  	
  Jones Day

  
	
   

  	
  77 West Wacker Drive

  
	
   

  	
  Chicago, IL 60601

  
	
   

  	
  Attention:  Robert J. Graves, Esq.

  
	
   

  	
  Telecopy No. (312)
  782-8585

  

 

2

 

	
   

  	
  BNFL USA GROUP INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ John F. Edwards

  	
   

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  BNFL Inc.

  
	
   

  	
  Crystal Gateway One

  
	
   

  	
  1235 South Clark Street

  
	
   

  	
  Suite 700

  
	
   

  	
  Arlington, VA 22202

  
	
   

  	
  Attention: Philip O.
  Strawbridge

  
	
   

  	
  Facsimile No.: (703)
  412-2567

  
	
   

  	
   

  
	
   

  	
  with a copy to:

  
	
   

  	
   

  
	
   

  	
  BNFL Inc.

  
	
   

  	
  Crystal Gateway One

  
	
   

  	
  1235 South Clark Street

  
	
   

  	
  Suite 700

  
	
   

  	
  Arlington, VA 22202

  
	
   

  	
  Attention: Jonathan P.
  Carter, Esq.

  
	
   

  	
  Facsimile No.: (703)
  412-2571

  

 

3

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