Document:

EX-10.1

EXHIBIT 10.1

SUMMARY SHEET FOR 2006 NON-EMPLOYEE DIRECTOR COMPENSATION

The following table sets forth the compensation for USEC’s non-employee directors for the term
commencing at the 2006 annual meeting of shareholders held on April 25, 2006:

Annual Retainer:

$65,000 paid at the beginning of the service year. Until a director has satisfied USEC’s director
stock ownership guidelines (numerical stock ownership target equal to five times the annual
retainer), at least 50% of the retainer is paid in the form of restricted stock units or
nonqualified stock options, although a director may elect to receive a greater proportion of the
retainer in restricted stock units or nonqualified stock options. Once a director has satisfied
USEC’s director stock ownership guidelines, director is entitled to receive the entire annual
retainer in cash, although a director may elect to receive the retainer in restricted stock units
or nonqualified stock options, in lieu of cash.

Annual Restricted Stock Unit Grant:

Annual grant of restricted stock units valued at $30,000 granted at the time the annual retainer is
paid. Restricted stock units vest on the first to occur of: (1) one year from the date of grant,
(2) termination of the director’s service by reason of Retirement, death or disability, or (3) a
change in control.

Annual Option Grant:

Annual grant of 3,500 stock options granted at the time the annual retainer is paid. Options vest
after 12 months.

Committee Chairman Fees:

$12,000 annual fee for Audit, Finance and Corporate Responsibility Committee chairman. $7,500
annual fee for all other committees’ chairman. Committee chairman fee paid in cash, shares of
restricted stock units or options, at the director’s election, at the time the annual retainer is
paid.

Board Meeting Fees:

$2,000 for each Board of Directors meeting attended. Meeting fees are paid in cash in the week
following the meeting or, at the director’s election, in restricted stock units in the month
following each meeting.

Committee Meeting Fees:

$1,500 for each committee meeting attended. Meeting fees are paid in cash in the week following
the meeting or, at the director’s election, in restricted stock units in the month following each
meeting.

Incentive Restricted Stock Unit Awards:

If a director chooses to receive restricted stock units as payment for the part of the annual
retainer, chairman and meeting fees that they are otherwise entitled to receive in cash, he or she
will receive an incentive payment of restricted stock units equal to 20% of the portion of the
annual retainer, chairman and meeting fees that the director elects to take in restricted stock
units in lieu of cash. These incentive restricted stock units will vest on the first to occur of:
(1) three years from the date of grant, (2) termination of the director’s service by reason of
Retirement, death or disability, or (3) a change in control. Incentive restricted stock units are
granted at the time the annual retainer is paid.

All restricted stock units and options are granted pursuant to the USEC Inc. 1999 Equity
Incentive Plan, as amended, and are subject to the terms of such plan and the applicable stock
option or restricted stock unit award agreements approved for issuance of options and restricted
stock units to non-employee directors under the plan. Restricted stock units carry the right to
receive dividend equivalent restricted stock units to the extent dividends are paid by the Company.EX-10.1

THIRD AMENDMENT TO

2003 AMENDED AND RESTATED CREDIT AGREEMENT

Parties:

"CoBank”:

CoBank, ACB

5500 South Quebec Street

Greenwood Village, Colorado 80111

"Borrower” :

National Cooperative Refinery Association

2000 Main Street

P.O. Box 1404

McPherson, Kansas 67460

"Syndication Parties”:

Whose signatures appear below

Execution Date:

December 13, 2006

Recitals:

A. CoBank (in its capacity as the Administrative Agent (“Agent”) and as a Syndication Party)
and Borrower have entered into that certain 2003 Amended and Restated Credit Agreement dated as of
December 16, 2003, and that certain First Amendment to 2003 Amended and Restated Credit Agreement
dated December 15, 2005, and that certain Second Amendment to 2003 Amended and Restated Credit
Agreement dated June 30, 2006 (as so amended, and as further amended, modified, or supplemented
from time to time, the “Credit Agreement”) pursuant to which CoBank and any entity which becomes a
“Syndication Party” has extended certain credit facilities to Borrower under the terms and
conditions set forth in the Credit Agreement.

B. Borrower has requested that the Agent and the Syndication Parties make certain
modifications to the Credit Agreement with respect to anticipated bond financing, which the Agent
and the Syndication Parties are willing to do under the terms and conditions as set forth in this
Third Amendment to 2003 Amended and Restated Credit Agreement (“Third Amendment”).

Agreement:

Now, therefore, in consideration of the mutual covenants and agreements herein contained and
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the parties hereto hereby agree as follows:

1

1. Amendments to Credit Agreement. The Credit Agreement is amended as of the Effective Date as
follows:

1.1

Section 1.82 is amended to read as follows:

1.82

2- Year Maturity Date: December 16, 2007.

1.2

The following new Section is added to Article 1 reading as follows:

1.85 Bonds: the Taxable Industrial Revenue Bonds Series 2006 (National
Cooperative Refinery Association) in the principal amount of $325,000,000.00 issued by the City of
McPherson, Kansas pursuant to that certain Trust Indenture between the City of McPherson, Kansas,
as Issuer, and Security Bank of Kansas City, as Trustee.

1.3

Sections 11.1 and 11.4 are amended to read as follows:

11.1 Borrowing, Borrower shall not create, incur, assume or permit to exist,
directly’or indirectly, any Indebtedness, except for: (a) Indebtedness of Borrower arising under
this Credit Agreement and the other Loan Documents; (b) trade payables arising in the ordinary
course of business; (c) current operating liabilities (other than for borrowed money) incurred in
the ordinary course of business; (d) Indebtedness on the date hereof as set forth in Exhibit
11.1 attached hereto; (e) Indebtedness arising out of Subordinated Member Loans; (f) a loan,
not included within the coverage of clause (e) of this Section, of up to $150,000,000.00 in the
aggregate from one or more Members so long as, through documentation approved by the Administrative
Agent (which will, at the discretion of the Administrative Agent, require execution thereof by the
Members making such loan), such amount is subordinated to all amounts owing hereunder, and upon the
occurrence of an Event of Default hereunder, payment of any principal or interest under such loan
from Members is prohibited until such time as either (i) such Event of Default has been (A) cured
to the sole satisfaction of the Administrative Agent prior to the Administrative Agent having given
Borrower notice that the entire amount owing hereunder has been accelerated and is immediately due
and payable on account of such Event of Default, or (B) waived in compliance with the provisions of
Section 14.8 hereof, or (ii) Borrower has (A) taken all action regarding the Cash Collateral
Account as required by Section 3.6 hereof, and (B) paid in full all Bank Debt owing at such time;
(g) Indebtedness under the Bonds so long as Borrower is the sole owner and holder of all of the
Bonds; and (h) other Indebtedness, including, without limitation, Indebtedness arising under
guarantees permitted under Section 11.5 hereof and Indebtedness arising under Capital Leases, in a
maximum amount of principal outstanding at anyone time of $40,000,000.00.

11.4 Sale of Assets. Borrower shall not sell, convey, assign, lease or otherwise
transfer or dispose of, voluntarily, by operation of law or otherwise, any material part of its now
owned or hereafter acquired assets during any twelve (12) month period commencing as of December
21, 1999 and each December 21 thereafter, except: (a) the sale of inventory, equipment and fixtures
disposed of in the ordinary course of business, (b) the sale or other disposition of assets no
longer necessary or useful for the conduct

2

of its business, (c) sales of assets in an amount not to exceed $12,000,000.00 (valued at the
greater of the book value or the market value) in the aggregate during any such twelve (12) month
period, (d) the transfer of the property described on Exhibit 11.4 hereto in consideration
of the acquisition of ownership of the Bonds; and (e) in connection with the dissolution of
Cooperative.

1.4 Clause (h) of Section 11.8 is re-designated as clause (i) and a new clause (h) is added to
read as follows:

(h)

the Bonds; and

1.5 The document attached hereto as Exhibit 11.4 shall be Exhibit 11.4 to the Credit
Agreement.

2. Conditions to Effectiveness of this Third Amendment. The

effectiveness of this Third Amendment is subject to satisfaction, in the Administrative Agent’s
sole discretion, of each of the following conditions precedent (the date on which all such
conditions precedent are so satisfied shall be the “Effective Date”):

2.1 Delivery of Executed Loan Documents. The Administrative Agent shall have received
originals of this Third Amendment duly executed by Borrower and all other parties hereto.

2.2 Representations and Warranties. The representations and warranties of Borrower in the
Credit Agreement shall be true and correct in all material respects on and as of the Effective Date
as though made on and as of such date.

2.3 No Event of Default. No Event of Default shall have occurred and be continuing under the
Credit Agreement as of the Effective Date of this Third Amendment.

2.4 Payment of Fees and Expenses. Borrower shall have paid the

Administrative Agent, by wire transfer of immediately available federal funds: (a) all fees
presently due under the Credit Agreement (as amended by this Third Amendment); and (b) all expenses
owing as of the Effective Date pursuant to Section 15.1 of the Credit Agreement.

3.

General Provisions.

3.1 No Other Modifications. The Credit Agreement, as expressly modified herein, shall continue
in full force and effect and be binding upon the parties thereto.

3.2 Successors and Assigns. This Third Amendment shall be binding

upon and inure to the benefit of Borrower, Agent, and the Syndication Parties, and their respective
successors and assigns, except that Borrower may not assign or transfer its rights or obligations
hereunder without the prior written consent of all the Syndication Parties.

3

3.3 Definitions. Capitalized terms used, but not defined, in this Third Amendment shall have
the meaning set forth in the Credit Agreement.

3.4 Severability. Should any provision of this Third Amendment be deemed unlawful or
unenforceable, said provision shall be deemed several and apart from all other provisions of this
Third Amendment and all remaining provisions of this Third Amendment shall be fully enforceable.

3.5 Governing Law. To the extent not governed by federal law, this Third Amendment and the
rights and obligations of the parties hereto shall be governed by, interpreted and enforced in
accordance with the laws of the State of Colorado.

3.6 Headings. The captions or headings in this Third Amendment are for convenience only and in
no way define, limit or describe the scope or intent of any provision of this Third Amendment.

3.7 Counterparts. This Third Amendment may be executed by the parties hereto in separate
counterparts, each of which, when so executed and delivered, shall be an original, but all such
counterparts shall together constitute one and the same instrument. Each counterpart may consist of
a number of copies hereof, each signed by less than all, but together signed by all, of the parties
hereto. Copies of documents or signature pages bearing original signatures, and executed documents
or signature pages delivered by a party by telefax, facsimile, or e-mail transmission of an Adobe@
file format document (also known as a PDF file) shall, in each such instance, be deemed to be, and
shall constitute and be treated as, an original signed document or counterpart, as applicable. Any
party delivering an executed counterpart of this Third Amendment by telefax, facsimile, or e-mail
transmission of an Adobe@ file format document also shall deliver an original executed counterpart
of this Third Amendment, but the failure to deliver an original executed counterpart shall not
affect the validity, enforceability, and binding effect of this Third Amendment.

[Signatures to follow on next page.]

4

5

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed as of
the Effective Date.

ADMINISTRATIVE AGENT: CoBank, ACB

By: /s/ Michael Tousignant

Name: Michael Tousignant

Title: Vice President

BORROWER:

National Cooperative Refinery Association

By: /s/ John G. Buehrle

Name: John G. Buehrle

Title: CFO

SYNDICATION PARTIES:

CoBank, ACB

By: /s/ Michael Tousignant

Name: Michael Tousignant

Title: Vice President

U.S. Ag Bank, FCB

By: /s/ Travis W. Ball

Name: Travis W. Ball

Title: Vice President

6

3634573_3.DOC

EXHIBIT 11.4

(description of property transferred in exchange for the Bonds)

[ATTACH DESCRIPTION]

7

	 	 	 	 	 	 	 	 	 	 	 	 	 
	National Cooperative Refinery Association
	 	 	All Clean Fuel Projects	 	Total Expenditures
	10112
	 	Unicracker Unit
	 	$	 	 	 	 	114,892,335.82	 
	10122
	 	Flare -Unicracker/H2/Depentanizer
	 	 	 	 	 	$	6,713,294.51	 
	10132
	 	Hydrogen Unit
	 	 	 	 	 	$	32,661,668.49	 
	10142
	 	Platformer PSA Unit
	 	 	 	 	 	$	9,492,140.26	 
	10152
	 	Sulfur Recovery Unit
	 	 	 	 	 	$	36,088,601.34	 
	10162
	 	Amine/SWS Unit
	 	 	 	 	 	$	14,485,623.29	 
	10172
	 	Engr & Cost Estimating of CF
	 	 	 	 	 	$	4,427,482.02	 
	10182
	 	Vacuum Unit Revamp
	 	 	 	 	 	$	3,334,505.96	 
	10192
	 	FCC Unit Revamp
	 	 	 	 	 	$	1,497,607.15	 
	10202
	 	FCC Gas Plant Revamp
	 	 	 	 	 	$	164,030.65	 
	10222
	 	2 new reactors for DHT Unit	 	 	 	 	 	$	14,076,672.31	 
	10232
	 	Net Hydrogen Compressor at Platformer
	 	 	 	 	 	$	6,783,064.90	 
	10242
	 	Revamp Tank Farm Stg
	 	 	 	 	 	$	24,918,039.47	 
	10252
	 	Interconnecting piping for CF
	 	 	 	 	 	$	17,312,964.39	 
	10262
	 	Boiler Water Treatment
	 	 	 	 	 	$	2,320,817.86	 
	10272
	 	35KV Electrical Feed	 	 	 	 	 	$	9,965,118.64	 
	10282
	 	Construction Site Development for CF
	 	 	 	 	 	$	1,957,227.34	 
	10292
	 	Project Mgmt for CF
	 	 	 	 	 	$	14,480,379.29	 
	10302
	 	CF Tie Ins and Start Ups
	 	$			 	 	4,574,905.12	 
	12343
	 	New Control Building
	 	 	 	 	 	$	2,978,052.04	 
	12573
	 	Connect Cenex Tanks to Refinery
	 	 	 	 	 	$	1,785,906.92	 
	17631
	 	Design & Cost Est for New Control Bldg
	 	 	 	 	 	$	89,562.23	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	$	 	 	 	 	325,000,000.00	 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]