Document:

exv10w6

 

DE-AC01-93NE50067,

08843672/50067-02

Amendment No. 013

EXHIBIT 10.6

     AMENDMENT NO. 013, dated as of November 11, 1999, to Contract No. DE-AC01-93NE50067,
08843672/50067-02 entered into January 14, 1994 (“Contract”) by and between the United
States Enrichment Corporation (“USEC”), Executive Agent of the United States of America,
and AO Techsnabexport (“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, on April 22, 1999, USEC placed its calendar year 1999 order for separative work units
(“SWU”) under the Contract;

     WHEREAS, to account for delays in the delivery of SWU ordered by USEC for calendar years 1997
and 1998, the calendar year 1999 deliveries did not begin until the end of July 1999;

     WHEREAS, in August 1999, while preparing certain newly-purchased cylinders for shipment to
Russia, USEC discovered that some of the cylinders were out of specification and could not meet
applicable requirements due to an unannounced change in the vendor’s manufacturing procedure
adopted in July 1999;

     WHEREAS, the defect in the cylinders was beyond the control of, and without the negligence or
fault of, either Party; and despite the Parties’ best efforts it led to a delay in the delivery of
cylinders to TENEX and a delay in the delivery of the SWU ordered for calendar year 1999;

     WHEREAS, USEC is willing to agree to TENEX’s request to resolve this matter by accelerating
payments for certain calendar year 1999 deliveries that will occur later than originally expected
when USEC issued its calendar 1999 order on April 22, 1999;

     WHEREAS, the Parties also wish to reaffirm their commitment to mutual cooperation with respect
to deliveries in calendar year 2000 and beyond;

     NOW, THEREFORE, USEC and TENEX agree as follows:

     SECTION 1: Part I, Section G.04 of the Contract is hereby amended by inserting the following
new paragraphs at the end of Section G.04:

“The 60 day period referred to in the preceding paragraphs of this Section G.04 shall be
reduced to the number of days necessary to ensure payment by December 17, 1999 of any
invoice received by December 13, 1999 for SWU contained in LEU delivered to USEC pursuant to
this Contract between November 1, 1999 and December 13, 1999; provided, that such SWU was
ordered by USEC in its April 22, 1999, order for delivery in October, November or December
1999.”

“No later than December 13, 1999, TENEX may issue one invoice to USEC for SWU ordered by
USEC for delivery in October, November or December 1999, but which will not be delivered to

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DE-AC01-93NE50067,

08843672/50067-02

Amendment No. 013

USEC before the end of 1999 (an “Advance Payment Delivery”) due solely to delays in
the delivery of cylinders to TENEX, but only to the extent that (i) on or prior to the
invoice date, cylinders provided by USEC have been filled with LEU containing such Advance
Payment Delivery, (ii) the invoice is accompanied by a certificate from an authorized
official of TENEX stating that such cylinders have been filled with LEU and identifying the
specific cylinders that have been filled, and (iii) the aggregate amount of payments to
TENEX made by USEC in calendar year 1999 will not exceed $394 million. The period for
payment of such invoice shall also be reduced to the number of days necessary to ensure
payment by December 17, 1999. USEC shall not be required to deliver to TENEX the Natural
Uranium Component of LEU containing the Advance Payment Delivery until the LEU is delivered
to USEC in accordance with this Contract.”

“TENEX hereby acknowledges that until LEU containing the Advance Payment Delivery is
actually delivered to USEC, the amount paid by USEC for the Advance Payment Delivery shall
be considered a debt of TENEX and, in the event such LEU is not delivered to USEC within
thirty (30) days after USEC’s payment of the invoice (the “Delivery Due Date”) for
reasons other than USEC’s failure to provide vessels in a timely manner that are sufficient
and available to effect delivery pursuant to Part I, Section F.02 of this Contract, USEC may
enforce repayment of such debt by TENEX, plus interest calculated from the date of payment
at the same rate used for late payments by USEC under Part I, Section G.04 of this Contract
(“Applicable Interest”), in any manner permitted by this Contract or by applicable
law or regulation, including, but not limited to, the following measures:”

     “ (a) Pending delivery of the LEU to USEC, USEC may refuse to honor TENEX’s requests for
book transfer or physical delivery of any natural uranium held in TENEX’s name by USEC,
whether such request is made pursuant to this Contract or pursuant to any other contract or
agreement that TENEX may have with USEC. USEC’s right to refuse such requests shall
terminate once USEC has either received the Advance Payment Delivery or has recouped the
amount it paid for the Advance Payment Delivery, plus any Applicable Interest, under
subparagraph (b) below. USEC’s right of refusal shall not apply to any request submitted in
writing to USEC prior to the Delivery Due Date, even if the book transfer or physical
delivery will occur after the Delivery Due Date.”

     “ (b) If TENEX has not delivered all the LEU containing the Advance Payment Delivery within
sixty (60) days after USEC’s payment of the invoice, USEC may exercise its right to offset
TENEX’s debt, plus Applicable Interest to the date of offset, against any payments owed by
USEC to TENEX under this Contract or any other contract or agreement with USEC.”

Applicable Interest shall not be owed to USEC if the Advance Payment Delivery is delivered
to USEC prior to the exercise of USEC’s right of offset under (b) above.

     SECTION 2: Notwithstanding any provision of the Contract to the contrary, the Parties shall
commence the negotiations required by Part I, Section B.06(b)(3) no later than January 31, 2000 and
conclude an amendment on pricing for calendar year 2002 and beyond no later than July 31, 2000.

     SECTION 3: 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.

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08843672/50067-02

Amendment No. 013

     SECTION 4: 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	 	 	 	AO TECHSNABEXPORT
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Philip G. Sewell
	 	 	 	By:
	 	/s/ Revmir G. Fraishtout
	 

	 	 
	 	 	 	 	 	 
	 

	 	(Philip G. Sewell)
	 	 	 	 	 	(Revmir G. Fraishtout)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Alexei A. Grigoriev
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Alexei A. Grigoriev)

Page 3 of 3exv10w7

 

DE-AC01-93NE50067

08843672/50067-02

Amendment No. 014

EXHIBIT 10.7

     AMENDMENT NO. 014, dated as of October 27, 2000, to Contract No. DE-AC01-93NE50067,
08843672/50067-02 entered into January 14, 1994, and thereafter amended (the “Contract”) by
and between United States Enrichment Corporation (USEC), Executive Agent of the United States of
America, and Joint Stock Company “Techsnabexport” (TENEX), Executive Agent of the Ministry of
Russian Federation for Atomic Energy (MINATOM), Executive Agent of the Russian Federation, for the
implementation of the Agreement between the Government of the United States and the Government of
the Russian Federation Concerning the Disposition of the Highly Enriched Uranium Extracted from
Nuclear Weapons dated February 18, 1993. Capitalized terms used but not defined herein shall have
the meaning ascribed to such terms in the Contract.

     WHEREAS, TENEX has recently changed its legal name under the laws of the Russian Federation;

     WHEREAS, because the Bureau of Economic Analysis of the U.S. Department of Commerce has
released the final value of the implicit price deflator for the U.S. Gross Domestic Product
(“IPD-GDP”) for the second quarter of calendar year 2000 (copy attached), it is now
possible to fix the price for separative work units ordered for calendar year 2001 under the
Contract;

     WHEREAS, USEC and TENEX (collectively, the “Parties”) wish to update the provision of
the Contract governing remittances to more accurately reflect their practice;

     NOW, THEREFORE, USEC and TENEX agree as follows:

     SECTION 1: The August 2, 2000 version of TENEX’s charter, which was registered with the Moscow
Registrating Chamber and changed TENEX’s brief Russian name and English translations of TENEX’s
brief and full Russian names, does not affect the validity and enforceability of the Contract.
Further, the legal entity acting as “Joint Stock Company ‘Techsnabexport’ or “Techsnabexport” or   is the same
legal entity as TENEX or AO “Techsnsabexport” or Techsnsabexport Co. Ltd. that entered into the
Contract. Therefore, in this Amendment and in all amendments hereafter, references to Joint Stock
Company “Techsnabexport” shall be considered to be references to the same entity previously
referred to as “AO Techsnabexport”.

     SECTION 2: For purposes of determining the pricing of SWU ordered for calendar year 2001 under
the Contract, the Parties shall use “99.74” as the IPD-GDP value for the second quarter of calendar
year 1996 and “106.73” as the IPD-GDP value for the second quarter of calendar year 2000.
Therefore, in accordance with Amendment No. 10 to the Contract, the price for SWU ordered for
calendar year 2001 shall be fixed at US$90.42 (ninety U.S. dollars and forty-two U.S. cents) per
SWU.

TENEX:                                        

USEC:                                        

 

 

DE-AC01-93NE50067

08843672/50067-02

Amendment No. 014

     SECTION 3: The first paragraph of Part I, Section G.04, of the Contract is hereby amended to
read as follows:

“Payments under this contract shall be made in U.S. currency by electronic transfer of
immediately available funds. In the case of the SWU contained in LEU delivered under this
contract, payment shall be made within 60 days following delivery of the LEU, as indicated
on the bill of lading and, in the case of the sample bottles for such LEU, payment shall be
made within 60 days following delivery of the samples, as indicated on the airway bill
applicable to the shipment of the sample bottles; provided (1) USEC timely receives
a properly submitted invoice (in accordance with Attachment 5) or such delivery of LEU and
shipment of samples, and (2) the delivery date on the bill of lading is no earlier than the
date on which the LEU passes over the rail of the ship that will transport the LEU from St.
Petersburg, Russia, to USEC and the delivery date on the airway bill is no earlier than the
date on which the sample bottles are consigned to the international air carrier that will
transport the samples to USEC. TENEX may issue the invoice prior to the date of delivery,
but shall notify USEC (or cause USEC to be notified) of the delivery date in sufficient time
for USEC to make payment in accordance with this Section. (In all other cases, payment
shall be made no later than sixty (60) days after receipt of a properly submitted invoice.)
Best efforts shall be made to pay within thirty (30) days of the date of (a) in the case of
SWU contained in LEU or associated sample bottle, the date of delivery or (b) in all other
cases, the invoice. For purposes of this Section G.04, an invoice submitted by facsimile
shall be deemed to be a properly submitted invoice; provided, that the invoiced
party receives an original invoice that meets the requirements of this contract not later
than thirty (30) days before the due date of payment. If the invoiced party receives the
original invoice less than 30 days before the due date, the due date shall be extended by
one day for each day that the invoice is late.”

     SECTION 4: 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:

	 	/s/ Philip G. Sewell
	 	 	 	By:
	 	/s/ Alexei A. Grigoriev
	 

	 	 
	 	 	 	 	 	 

 2

USEC:                                        

TENEX:

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