Document:

Exhibit 10-4

EXHIBIT 10.4

Business Confidential Proprietary Information
Confidential information has been omitted in places marked “*****” and has been filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.
TENEX Contract No. 08843672/110033-051
USEC Contract No. EC-SC01-11-UE-03127 
Amendment No. 002

AMENDMENT No. 002, signed as of July 29, 2013, to the Enriched Product Transitional Supply Contract, TENEX Contract No. 08843672/110033-051, USEC Contract No. EC-SC01-11-UE-03127, entered into on March 23, 2011 (the "CONTRACT") by and between United States Enrichment Corporation ("USEC") and Joint Stock Company "Techsnabexport" ("TENEX").  USEC and TENEX are referred to herein individually as a "Party" and collectively as the "Parties". Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the CONTRACT.
SECTION 1. Pursuant to Section 20.04 of the CONTRACT, USEC and TENEX hereby agree as follows:
		
	1.
	Section 1.16 of the CONTRACT is hereby replaced with the following:

“1.16    Cylinder
in the case of EUP, a container of the 30B type for the transportation of EUP and in the case of Natural Uranium in the form of UF6, a container of the 48Y type or, in accordance with Section 7.02(h), a container of the 48X type for the transportation of Natural Uranium in the form of UF6.  *****”
		
	2.
	Section 1.18 of the CONTRACT is hereby modified by inserting “or transfer of title to Related Natural Uranium under Section 7.02(h)” after the phrase “Physical Delivery”.

		
	3.
	Section 1.29 of the CONTRACT is hereby replaced with the following:

“1.29    EXW Facility or Ex Works North American Facility or EXW North American Facility:
***** the physical return to TENEX under the terms of this CONTRACT of rejected EUP located in North America. (Rejected EUP located outside of North America shall be Physically Delivered, EXW, at the facility where the EUP is located, under terms to be agreed pursuant to Appendix E1.) *****”
		
	4.
	The following language shall be inserted at the end of Section 1.44:

“(f)    with respect to the Physical Delivery of a ***** Cylinder (as defined in Section 7.02(h)) containing Related Natural Uranium to TENEX pursuant to Section 7.02(h), these terms mean delivery as described in EXW A4 in Incoterms 2000, provided, however, that such Physical Delivery shall be at PGDP (as defined in Section 7.02(a)(i) and, notwithstanding anything to the contrary in Incoterms 2000, shall be deemed to be completed when (i) the ***** Cylinder has been placed by USEC on the truck or other conveyance provided by or on behalf of TENEX and (ii) USEC’s loading equipment has been detached from the Transferred Cylinder”.    
		
	5.
	The first sentence of Section 7.02(a)(i) shall be replaced with the following:

“Unless otherwise agreed, *****”

		
	6.
	Section 7.02(a)(ii) shall be replaced with the following:

“(ii)    *****”
		
	7.
	Section 7.02(a)(iii) shall be replaced with the following: 

“(iii)    *****”
		
	8.
	The introductory language in Section 7.02(c) is hereby replaced with the following:  “All Related Natural Uranium not Delivered under Section 7.02(a), Section 7.02(b) or Section 7.02(h) shall be Delivered as follows:” and the term “USEC Facility” is hereby replaced with “*****” in all places where that term appears in Section 7.02(g).

		
	9.
	The following language shall be inserted at the end of Section 7.02:

“(h)    In 2013 *****, USEC shall Deliver Related Natural Uranium ***** on the following terms:
(i)    *****
(ii)    Not later than ten (10) days before loading the EUP on USEC’s Vessel TENEX shall notify USEC of the exact quantity of Feed Component of the respective EUP Delivery, as reported in the Delivery Summary, *****
(iii)    *****
(iv)    *****
(v)    *****
(A)    *****
(B)    *****
(C)    *****
(D)    Pending Physical Delivery to TENEX, USEC shall bear risk of loss of, or damage to, all *****
(E)    Acceptance and rejection of the ***** shall be governed by the terms of ***** and not this CONTRACT.  However, if *****
(F)    TENEX shall bear all costs and risks for, and arising from, transportation of the ***** shall obtain and comply with any U.S. or foreign licenses, approvals, authorizations or quota allocations that may be required for such transportation and delivery to any other destination.
(G)    *****
(H)    The documentation to be provided to TENEX with respect to a *****.
(I)    *****
(vi)    Notwithstanding the terms of this Section 7.02(h), ***** absent the consent of TENEX, which shall not be unreasonably withheld or delayed, if the Parties are unable to agree for any reason on an alternative method of Delivery.”
		
	10.
	Section 7.03 is hereby modified by moving the “and” at the end of Section 7.03(a)(i) to the end of Section 7.03(a)(ii) and inserting the following new  Section 7.03(a)(iii) at the end of Section 7.03(a):

“(iii)    In the case of a Delivery under Section 7.02(h)(iii), sixty (60) days after the EUP Delivery Date, and in the case of a Physical Delivery under Section 7.02(h)(v), *****”
		
	11.
	Section 7.04 is hereby modified by inserting the following additional sentence at the end of Section 7.04:

“Title to, and risk of loss of, Related Natural Uranium under Section 7.02(h) shall be governed by that Section.” 
		
	12.
	The first sentence of Section 7.05 is hereby modified by inserting “or Section 7.02(h)” at the end of such sentence.

		
	13.
	The text of Section 7.09 is hereby replaced with the following: “Reserved.”

		
	14.
	The following sentence is hereby added to the end of Section 7.10:

“The procedures for Acceptance of Related Natural Uranium Physically Delivered under Section 7.02(h) are set forth in the *****.”
		
	15.
	In Section 7.13, the phrase “*****” is hereby inserted after the phrase “except for reasons attributable to TENEX, its Affiliates, or persons acting on behalf of TENEX or its  Affiliates”.

		
	16.
	In Appendix B, the phrase “or Section 7.02(c)” in Paragraph B-2 (h) and (j) is hereby replaced with “, Section 7.02(c) or Section 7.02(h)”.

		
	17.
	In Appendix E2, the introductory language of Paragraph E2-2 is hereby replaced with the following:

““Accept,” “Acceptance” or “Accepted” shall mean agreement by TENEX that (i) the CQQ is correct and (ii) the Natural Uranium Physically Delivered to TENEX under Section 7.02(b), Section 7.02(c) or Section 7.02(h)(v), as applicable, is Conforming Material.  Acceptance of Natural Uranium Physically Delivered under Section 7.02(h)(v) (other than replacement Material Physically Delivered by USEC pursuant to Section 7.02(h)(v)(E)) shall be governed by the *****. For Related Natural Uranium Delivered under Section 7.02(b) or Section 7.02(c) or replacement Material Physically Delivered pursuant to Section 7.02(h)(v)(E), Acceptance shall be deemed to have occurred in the event:”
		
	18.
	 In Appendix H:

a.    The phrase “*****” in ***** is hereby replaced with “*****”, and the following shall be inserted at the end of *****:
“*****”
b.    In *****, the “and” at the end of ***** is hereby deleted and a new ***** are hereby inserted *****, as follows:
“(iv)     *****
(v)     *****”
c.    The phrase ***** is hereby replaced with “*****” and the following new sentence is added to the end of *****” 
		
	19.
	 The following new subsection is hereby inserted at the end of Paragraph N-5:

“(d)    *****”

		
	20.
	The forms listed in Sections 1.3-1.5 of Amendment No. 001 dated April 22, 2013 are replaced with the forms included in Exhibit 1 of this Amendment No. 002.

SECTION 2. This Amendment No. 002 shall come into force on the date when it is signed by all Parties hereto, provided, however, that the modifications to the CONTRACT introduced by items 1 through 19 of Section 1 shall not come into force until the ***** is signed by all Parties thereto and enters into force. Given that by the date of entry into force of the ***** and for the first ***** thereafter, USEC will have Delivered in 2013 a part of Related Natural Uranium under provisions of Section 7.02 of the CONTRACT not modified by this Amendment No. 002 (“Previously Delivered Natural Uranium”), within ***** after entry into force of the *****, TENEX shall notify USEC of ***** listed in TENEX’s Notice, the *****.
SECTION 3. This Amendment No. 002 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 No. 002 as of the date first written above.

UNITED STATES ENRICHMENT CORPORATION        

By: /s/ Philip G. Sewell
            
Name:  Philip G. Sewell        
Position:  Senior Vice President        

JOINT STOCK COMPANY "TECHSNABEXPORT"

By: /s/ Sergey Polgorodnick

Name:  Sergey Polgorodnick
Position:  Deputy General Director

Exhibit 1
F1-1     Certificate of Quality and Quantity for Enriched Product in Product Cylinders

	
					
	

Joint Stock Company
“Techsnabexport”
ÎÀÎ «Òåõñíàáýêñïîðò»
	Certificate of Quality and Quantity
Ñåðòèôèêàò êà÷åñòâà è êîëè÷åñòâà
For Enriched Product in 30B cylinder
Íà Îáîãàùåííûé Ïðîäóêò â êîíòåéíåðå òèïà 30Â
Document 1.1 Äîêóìåíò 1.1
	Shipment No. 
Îòïðàâêà 1

Lot No. 
Ïàðòèÿ 1

	BUYER:
ÏÎÊÓÏÀÒÅËÜ:
	CONTRACT No 

ÊÎÍÒÐÀÊÒ 1  

	30B cylinder No.
Êîíòåéíåð 30Â 1 
Valve/Plug seal Nos.
11 ïëîìá íà âåíòèëå è çàãëóøêå 
	P-10 sample container (tube) Nos.
(for reference only)
Ïðîáîîòáîðíèêè òèïà P-10 11 
(òîëüêî äëÿ ññûëêè) 

	PSP / ×åõîë No.
Seal / Îòòèñê ïëîìáû Nos.
	 

	 
	30B container
êîíòåéíåð 30Â

	30B cylinder gross weight (full), kg           
 Âåñ áðóòòî (çàïîëíåííûé), êã
	 

	30B cylinder tare weight (empty), kg
Âåñ òàðû (ïóñòîé) , êã
	 

	EUP net weight, kg              (N)
Âåñ íåòòî,êã
	 

	Weight of U contained in EUP, kg      (M)
Âåñ ñîäåðæàùåãîñÿ óðàíà, êã
	 

	M = N* F * A/100
	 

	
			
	Isotopic composition
Èçîòîïíûé ñîñòàâ
	ASTM C 996 specification value
Òðåáîâàíèÿ ñïåöèôèêàöèè ASTM C 996
	Analyzed value
Âåëè÷èíà ïî àíàëèçó

	              U-235
	 
	 

	              U-232
	 
	 

	              U-234
	 
	 

	              U-236
	 
	 

	
			
	Uranium Hexafluoride Content (A)
Ñîäåðæàíèå ãåêñàôòîðèäà óðàíà
	 
	 

	
			
	Vapor pressure in the filled 30B container
Äàâëåíèå ïàðîâ â êîíòåéíåðå, çàïîëíåííîì UF6
	 
	 

	
			
	Impurity elements / Ýëåìåíòû ïðèìåñè 
	 
	 

	Boron
	 
	 

	Silicon
	 
	 

	Technetium-99
	 
	 

	
			
	Total content of hydrocarbon, chlorocarbon
and partially substituted halohydrocarbon
Ñóììàðíîå ñîäåðæàíèå óãëåâîäîðîäîâ, õëîðóãëåðî-
äîâ è ÷àñòè÷íî çàìåùåííûõ ãàëîèäîóãëåâîäîðîäîâ 
	 
	 

EUP meets the Specification ASTM Ñ 996 for Enriched Commercial Grade UF6.  EUP has been produced from uranium in accordance with the requirements of ASTM C 787. EUP is not derived from highly enriched uranium or produced from reprocessed uranium. 
ÎÓÏ ñîîòâåòñòâóåò ñïåöèôèêàöèè ASTM Ñ 996 íà Îáîãàùåííûé Êîììåð÷åñêèé UF6. ÎÓÏ áûë ïðîèçâåäåí èç óðàíà â ñîîòâåòñòâèè ñ òðåáîâàíèÿìè ñïåöèôèêàöèè ASTM C 787. ÎÓÏ íå áûë ïðîèçâåäåí èç âûñîêîîáîãàùåííîãî óðàíà  èëè ðåãåíåðèðîâàííîãî óðàíà.

Date/Äàòà                              
Signature/Ïîäïèñü
Title /Äîëæíîñòü

F1-2     Certificate of Quality and Quantity for Enriched Product in P-10 Sample Containers

	
						
	

Joint Stock Company
“Techsnabexport”
ÎÀÎ «Òåõñíàáýêñïîðò»
	Certificate of Quality and Quantity 
Ñåðòèôèêàò êà÷åñòâà è êîëè÷åñòâà
For Enriched Product 
in P-10 Sample Container (Tube)
Íà Îáîãàùåííûé Ïðîäóêò â ïðîáîîòáîðíèêå (òðóáêå)òèïà  Ð-10
Document 1.2  Äîêóìåíò 1.2
	 

	BUYER:
ÏÎÊÓÏÀÒÅËÜ:
	CONTRACT No.  

ÊÎÍÒÐÀÊÒ 1  

	30B Cylinder No.
Êîíòåéíåð 30Â 1 
(for reference only)
(òîëüêî äëÿ èíôîðìàöèè)
	P-10 tube    No.                         No.
P-10 òðóáêà  1                    1 
Seal No.
Ïëîìáà 1      

	Shipment /Ïîñòàâêà No.
Lot /Ïàðòèÿ No. 
	Transport drum No.
Òðàíñïîðòíûé ÿùèê 1 
Seal /Îòòèñê ïëîìáû No.

	 
	P-10 tube 
No. 
Ð-10 òðóáêà
1
	P-10 tube 
No.
Ð-10 òðóáêà
1

	Gross weight (full)   kg 
Âåñ áðóòòî (çàïîëíåííûé), êã
	 
	 

	Gross weight (empty)  kg
Âåñ áðóòòî (ïóñòîé) , êã
	 
	 

	Net weight (N)            kg
Âåñ íåòòî, êã
	 
	 

	Weight contained U (M) kg
Âåñ ñîäåðæàùåãîñÿ óðàíà, êã
M = N* F * A/100
	

	 

	Isotopic composition 
Èçîòîïíûé ñîñòàâ
	ASTM C 996 specification value
Òðåáîâàíèÿ ñïåöèôèêàöèè ASTM C 996
	Analyzed value
Ðåçóëüòàòû àíàëèçà

	              U-235
	 
	 

	              U-232
	 
	 

	              U-234
	 
	 

	              U-236
	 
	 

	Uranium Hexafluoride Content (A)
Ñîäåðæàíèå ãåêñàôòîðèäà óðàíà
	 
	 

	Impurity elements 
/ Ýëåìåíòû ïðèìåñè
	 
	 

	Boron
	 
	 

	Silicon
	 
	 

	Technetium-99
	 
	 

	
			
	Total content of hydrocarbon, chlorocarbon
and partially substituted halohydrocarbon
Ñóììàðíîå ñîäåðæàíèå óãëåâîäîðîäîâ, õëîðóãëåðîäîâ è ÷àñòè÷íî çàìåùåííûõ ãàëîèäîóãëåâîäîðîäîâ
	 
	 

EUP meets the Specification ASTM Ñ 996 for Enriched Commercial Grade UF6.  EUP has been produced from uranium in accordance with the requirements of ASTM C 787. EUP is not derived from highly enriched uranium or produced from reprocessed uranium. 
ÎÓÏ ñîîòâåòñòâóåò ñïåöèôèêàöèè ASTM Ñ 996 íà Îáîãàùåííûé Êîììåð÷åñêèé UF6. ÎÓÏ áûë ïðîèçâåäåí èç óðàíà â ñîîòâåòñòâèè ñ òðåáîâàíèÿìè ñïåöèôèêàöèè ASTM C 787. ÎÓÏ íå áûë ïðîèçâåäåí èç âûñîêîîáîãàùåííîãî óðàíà  èëè ðåãåíåðèðîâàííîãî óðàíà.

Date/Äàòà                              
Signature/Ïîäïèñü
Title /Äîëæíîñòü

F1-3 Delivery Summary

G1-1     Delivery Receipt Format for Delivery of Enriched Product in Product Cylinders

	
							
	Joint Stock Company
TECHSNABEXPORT
SUPPLIER

ÎÀÎ «ÒÅÕÑÍÀÁÝÊÑÏÎÐÒ»
ÏÎÑÒÀÂÙÈÊ
	Document 2.1.                                   Äîêóìåíò 2.1.
Delivery Receipt
Êâèòàíöèÿ ïîëó÷åíèÿ

30Â Cylinders
Filled with Enriched Product in PSPs
Êîíòåéíåðû òèïà 30Â,
Çàïîëíåííûå Îáîãàùåííûì Ïðîäóêòîì, â ÷åõëàõ
	Contract
Êîíòðàêò

Enriched Product Lot No
Ïàðòèÿ Îáîãàùåííîãî Ïðîäóêòà No 

	Consignor:                        
Îòïðàâèòåëü: ________________________________
Consignee:                        
Ïîëó÷àòåëü:    ________________________________
Point of Destination:         
Ïóíêò íàçíà÷åíèÿ: ___________________________

	No.
	PSP's Number 
Íîìåð çàùèòíîãî ÷åõëà
	30Â Cylinder Number
 Íîìåð êîíòåéíåðà 30Â
	Sample Container Number
Íîìåð ïðîáîîòáîðíèêà
(for reference only)
	Sample Container Number
Íîìåð ïðîáîîòáîðíèêà
(for reference only)
	Remarks 
Ïðèìå÷àíèÿ

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

The above listed 30Â Cylinders filled with Enriched Uranium Hexafluoride (Enriched Product) in PSPs
have been received in good condition, judged by the appearance, with the exception of remarks, noted above, and were properly marked and sealed at the time of Delivery.
Ïåðå÷èñëåííûå âûøå Êîíòåéíåðû òèïà 30Â, çàïîëíåííûå Îáîãàùåííûì Ãåêñàôòîðèäîì Óðàíà (Îáîãàùåííûì Ïðîäóêòîì), â ÷åõëàõ ïîëó÷åíû â õîðîøåì, ñóäÿ ïî âíåøíèì ïðèçíàêàì, ñîñòîÿíèè, çà èñêëþ÷åíèåì çàìå÷àíèé, ñôîðìóëèðîâàííûõ âûøå, è áûëè äîëæíûì îáðàçîì ïðîìàðêèðîâàíû è îïëîìáèðîâàíû â ìîìåíò ïîñòàâêè.

	
		
	

Point of Delivery: on board of vessel, St. Petersburg    
Ïóíêò Ïîñòàâêè: íà áîðòó ñóäíà, Ñàíêò-Ïåòåðáóðã     

Vessel:
Ñóäíî:

Date of Delivery:       
Äàòà Ïîñòàâêè:          
	

Signed on behalf of Seller:
Ïîäïèñàíî çà Ïðîäàâöà: 

Signed on behalf of Buyer:
Ïîäïèñàíî çà Ïîêóïàòåëÿ:

After signing the Delivery Receipt one copy shall be sent to Joint Stock Company Techsnabexport.
Ïîñëå ïîäïèñàíèÿ Êâèòàíöèè ïîëó÷åíèÿ îäíà êîïèÿ äîëæíà áûòü íàïðàâëåíà â ÎÀÎ «Òåõñíàáýêñïîðò».

		
	G1-2 
	Delivery Receipt Format for Delivery of Enriched Product

	
								
	Joint Stock Company
TECHSNABEXPORT
SUPPLIER

ÎÀÎ «ÒÅÕÑÍÀÁÝÊÑÏÎÐÒ»
ÏÎÑÒÀÂÙÈÊ
	Document 2.2.                         Äîêóìåíò 2.2.
Delivery Receipt
Êâèòàíöèÿ ïîëó÷åíèÿ

Sample Containers
Filled with Enriched Product in drums
Ïðîáîîòáîðíèêè,
Çàïîëíåííûå Îáîãàùåííûì Ïðîäóêòîì,
 â áî÷îíêàõ
	Contract
Êîíòðàêò

Enriched Product Lot No
Ïàðòèÿ Îáîãàùåííîãî Ïðîäóêòà No

	Consignor:                        
Îòïðàâèòåëü: ________________________________
Consignee:                        
Ïîëó÷àòåëü:    ________________________________
Point of Destination:         
Ïóíêò íàçíà÷åíèÿ: ___________________________

	No.
	Drum Number 
Íîìåð áî÷îíêà
(for reference only)
	30Â Cylinder Number
 Íîìåð êîíòåéíåðà 30Â
(for reference only)
	Sample Container Number
Íîìåð ïðîáîîòáîðíèêà
	Sample Container Number
Íîìåð ïðîáîîòáîðíèêà
	Remarks 
Ïðèìå÷àíèÿ

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

The above listed Sample Containers filled with Enriched Uranium Hexafluoride (Enriched Product) in drums have been received in good condition, judged by the appearance, with the exception of remarks, noted above, and were properly marked and sealed at the time of Delivery.
Ïåðå÷èñëåííûå âûøå Ïðîáîîòáîðíèêè, çàïîëíåííûå Îáîãàùåííûì Ãåêñàôòîðèäîì Óðàíà (Îáîãàùåííûì Ïðîäóêòîì), â áî÷îíêàõ ïîëó÷åíû â õîðîøåì, ñóäÿ ïî âíåøíèì ïðèçíàêàì, ñîñòîÿíèè, çà èñêëþ÷åíèåì çàìå÷àíèé, ñôîðìóëèðîâàííûõ âûøå, è áûëè äîëæíûì îáðàçîì ïðîìàðêèðîâàíû è îïëîìáèðîâàíû â ìîìåíò ïîñòàâêè.

	
		
	

Point of Delivery: on board of vessel, St. Petersburg     
Ïóíêò Ïîñòàâêè: íà áîðòó ñóäíà, Ñàíêò-Ïåòåðáóðã          

Vessel:
Ñóäíî:

Date of Delivery:       
Äàòà Ïîñòàâêè:          
	

Signed on behalf of Seller:
Ïîäïèñàíî çà Ïðîäàâöà: 

Signed on behalf of Buyer:
Ïîäïèñàíî çà Ïîêóïàòåëÿ:

After signing the Delivery Receipt one copy shall be sent to Joint Stock Company Techsnabexport.
Ïîñëå ïîäïèñàíèÿ Êâèòàíöèè ïîëó÷åíèÿ îäíà êîïèÿ äîëæíà áûòü íàïðàâëåíà â ÎÀÎ «Òåõñíàáýêñïîðò».

G1-3     Delivery Receipt Format for delivery of Empty Cylinders

	
			
	BUYER ÏÎÊÓÏÀÒÅËÜ 
	Document 2.3.                                               Äîêóìåíò 2.3.
Delivery Receipt
Êâèòàíöèÿ ïîëó÷åíèÿ

PSPs containing Clean 30B cylinders
Çàùèòíûå ×åõëû, ñîäåðæàùèå
×èñòûå Êîíòåéíåðû òèïà 30Â 
	Contract
Êîíòðàêò

	
	
	Consignor: 
Ãðóçîîòïðàâèòåëü:  

Consignee: 
Ãðóçîïîëó÷àòåëü: 

	
				
	No.
	PSP No.
Çàùèòíûé ×åõîë 1
	30B cylinder No.
Êîíòåéíåð 30Â 1
	Remarks
Ïðèìå÷àíèÿ

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

The above listed PSPs containing Clean 30B Containers have been received in good condition, judged by the appearance, with the exception of remarks, noted above, and were properly marked and sealed at the time of Delivery.
Ïåðå÷èñëåííûå âûøå Çàùèòíûå ×åõëû, ñîäåðæàùèå ×èñòûå Êîíòåéíåðû 30Â, ïîëó÷åíû â õîðîøåì, ñóäÿ ïî âíåøíèì ïðèçíàêàì, ñîñòîÿíèè, çà èñêëþ÷åíèåì çàìå÷àíèé, ñôîðìóëèðîâàííûõ âûøå, è áûëè äîëæíûì îáðàçîì ïðîìàðêèðîâàíû è îïëîìáèðîâàíû â ìîìåíò ïîñòàâêè.

	
		
	

Point of Delivery:      
Ïóíêò Ïîñòàâêè:      

Date of Delivery:       
Äàòà Ïîñòàâêè:          
	

Signed on behalf of Seller:
Ïîäïèñàíî çà Ïðîäàâöà: 

Signed on behalf of Buyer:
Ïîäïèñàíî çà Ïîêóïàòåëÿ:

After taking responsibility, one copy is returned to Buyer.
Ïîñëå ïðèíÿòèÿ îòâåòñòâåííîñòè îäíà êîïèÿ íàïðàâëÿåòñÿ Ïîêóïàòåëþ.

		
	G1-5 
	Delivery Receipt Format for Delivery of Empty Sample Containers type P-10 in drums

	
			
	BUYER ÏÎÊÓÏÀÒÅËÜ 
	Document 2.4.                                               Äîêóìåíò 2.4.
Delivery Receipt
Êâèòàíöèÿ ïîëó÷åíèÿ

Empty Sample Containers type P-10 in drums
Ïóñòûå Ïðîáîîòáîðíèêè òèïà Ð-10 â áî÷îíêàõ
	Contract
Êîíòðàêò

	
	
	Consignor: 
Ãðóçîîòïðàâèòåëü:  

Consignee: 
Ãðóçîïîëó÷àòåëü:

	
							
	No.
	Drum No.
Áî÷îíîê 1
	Sample Container No.
Ïðîáîîòáîðíèê 1
	 
	No.
	Drum No.
Áî÷îíîê 1
	Sample Container No.
Ïðîáîîòáîðíèê 1

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

The above listed drums containing Empty Sample Containers type P-10 have been received in good condition, judged by the appearance, and were properly marked and sealed at the time of delivery.
Ïåðå÷èñëåííûå âûøå áî÷îíêè, ñîäåðæàùèå Ïóñòûå Ïðîáîîòáîðíèêè òèïà Ð-10, ïîëó÷åíû â õîðîøåì, ñóäÿ ïî âíåøíèì ïðèçíàêàì, ñîñòîÿíèè, è áûëè äîëæíûì îáðàçîì ïðîìàðêèðîâàíû è îïëîìáèðîâàíû â ìîìåíò ïîñòàâêè.

	
		
	

Point of Delivery:      
Ïóíêò Ïîñòàâêè:      

Date of Delivery:       
Äàòà Ïîñòàâêè:          
	

Signed on behalf of Seller:
Ïîäïèñàíî çà Ïðîäàâöà: 

Signed on behalf of Buyer:
Ïîäïèñàíî çà Ïîêóïàòåëÿ:

After taking responsibility, one copy is returned to Buyer.
Ïîñëå ïðèíÿòèÿ îòâåòñòâåííîñòè îäíà êîïèÿ íàïðàâëÿåòñÿ Ïîêóïàòåëþ.ex10_11.htm

Exhibit 10.11

 

LOCK-UP AGREEMENT

        

This LOCK-UP AGREEMENT (the “Agreement”) is made as of November 4, 2013 (the “Effective Date”) by and between The Real Hip-Hop Network, Inc., a Delaware corporation (the “Company”), and the undersigned holder of common stock (the “Stockholder”) of the Company.

 

WHEREAS, to ensure the development of an orderly trading market in the Company’s common stock, the Company and the undersigned intend to enter into this Agreement that provides the circumstances under which the undersigned may sell or otherwise dispose of shares of the Company’s securities; and

WHEREAS, the Company has adopted a policy under Securities and Exchange Commission Rule 10b5-1 supporting adoption of advance directive trading plans (‘Trading Plans”) by officers, directors and other shareholders of the Company;

 

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the undersigned Stockholder agree as follows:

 

1.     Prohibition on Sales or Transfers. Other than as set forth in Section 2 below, the Stockholder, including the Stockholder’s Affiliated Entities (as defined below), hereby agrees that for the duration of the Company’s direct public offering as outlined in the Form S-1 registration statement file with the Securities and Exchange Commission (SEC) on August 26, 2013 and from the date that the Securities and Exchange Commission declares a registration statement of the Company effective  (the “Lock-Up Period”), the Stockholder will not offer, sell, contract to sell, pledge, give, donate, transfer or otherwise dispose of, directly or indirectly, any shares of the common stock of the Company (the “Common Stock”) or securities convertible into or exercisable for Common Stock issued to the Stockholder (the “Lock-Up Shares”) or securities or rights convertible into or exchangeable or exercisable for any Lock-Up Shares, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic or voting consequences of ownership of such securities, whether any such aforementioned transaction is to be settled by delivery of the Lock-Up Shares or such other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement (the “Lock-Up Agreement”). As used in this Agreement “Affiliated Entities ” shall mean any legal entity, including any corporation, limited liability company, partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a lock-up agreement regarding the Company’s stock with terms substantially identical to this Agreement.

  

  

  

2. Waiver of Claims. The Stockholder hereby irrevocably waives any and all known or unknown claims and rights, whether direct or indirect, fixed or contingent, that the Stockholder may now have or that may hereafter arise against the Company or any of its affiliates, or any of its respective officers, directors, stockholders, employees, agents, attorneys or advisors arising out of the negotiation, documentation of this Agreement.

3. Consent or Approval of Company. Whenever the waiver, consent or approval of the Company is required herein or is desired to amend this Agreement or waive any requirement in this Agreement, such consent, approval, amendment or waiver may only be given by the Company if and when approved by a majority of the Company’s then independent directors; provided, however, that the independent directors may delegate this authority to executive officers of the Company if the Stockholder seeking or benefiting from the consent, approval, amendment or waiver is not serving as an officer or director of the Company.

4. Acknowledgement of Representation. The Stockholder represents and warrants to the Company that the Stockholder was or had the opportunity to be represented by legal counsel and other advisors selected by Stockholder in connection with the Exchange Agreement and has been represented by legal counsel and other advisors selected by the Stockholder in connection with this Agreement. The Stockholder has reviewed this Agreement with his, her or its legal counsel and other advisors and understands the terms and conditions hereof.

5. Legends on Certificates. All Lock-Up Shares now or hereafter owned by the Stockholder, except any shares purchased in open market transactions by Stockholders that are not affiliates (as such term is defined under securities laws) of the Company, shall be subject to the provisions of this Agreement and the certificates representing such Lock-Up Shares shall bear the following legends:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED FOR VALUE UNLESS THEY ARE REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS THE CORPORATION RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT, OR OTHERWISE SATISFIES ITSELF, THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE.

 

THE SALE, ASSIGNMENT, GIFT, BEQUEST, TRANSFER, DISTRIBUTION, PLEDGE, HYPOTHECATION OR OTHER ENCUMBRANCE OR DISPOSITION OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS RESTRICTED BY AND MAY BE MADE ONLY IN ACCORDANCE WITH THE TERMS OF A LOCK-UP AGREEMENT, A COPY OF WHICH MAY BE EXAMINED AT THE OFFICE OF THE CORPORATION.

 

  

2

  

 

6. Termination of Lock-Up Agreement. This Agreement shall terminate upon the completion of the Company’s direct public offering.

7. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware.

8. Notices. Any notices and other communications given pursuant to this Agreement shall be in writing and shall be effective upon delivery by hand or on the fifth (5th) day after deposit in the mail if sent by certified or registered mail (postage prepaid and return receipt requested) or on the next business day if sent by a nationally recognized overnight courier service (appropriately marked for overnight delivery) or upon transmission if sent by facsimile (with immediate electronic confirmation of receipt in a manner customary for communications of such type). Notices are to be addressed as follows:

If to the Company, to:

 

The Real hip-Hop Network, Inc.

1455 Pennsylvania Avenue NW, Suite 400,

Washington, DC 20004

Attn: Atonn Muhammad, President and Chief Executive Officer

 

If to the Stockholder, to the address set forth on the signature page attached hereto

9. Binding Effect. This Agreement will be binding upon and inure to the benefit of the Company, its successors and assigns and to the Stockholder and their respective permitted heirs, personal representatives, successors and assigns.

10. Entire Understanding. This Agreement sets forth the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and the transactions contemplated hereby and supersedes all prior written and oral agreements, arrangements and understandings relating to the subject matter hereof.  This Agreement may not be changed orally, but may only be changed by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

11. Remedies. The parties hereto acknowledge that money damages are not an adequate remedy for violations of this Agreement and that any party may, in such party’s sole discretion, apply to any court of competent jurisdiction for specific performance or injunctive relief or such other relief as such court may deem just and proper in order to enforce this Agreement or prevent any violation hereof and, to the extent permitted by applicable law, each party hereto waives any objection to the imposition of such relief. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof, whether at law or in equity, shall be cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by any party hereto shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party.

 

  

3

  

 

12. Counterparts. This Agreement may be executed by facsimile and in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. Each counterpart may consist of a number of copies each signed by less than all, but together signed by all, of the parties hereto.

        

IN WITNESS WHEREOF, this Agreement has been signed as of the date first above written.

THE REAL HIP-HOP NETWORK, INC.

 

By: _________________________________

       Name:  Atonn Muhammad

       Title: President and Chief Executive Officer

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGE FOR STOCKHOLDER FOLLOWS]

 

  

4

  

IN WITNESS WHEREOF, the undersigned have caused this Lock-Up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Stockholder: ____________________________

 

Signature of Authorized Signatory of Stockholder:  ____________________________

 

Name of Authorized Signatory:  ____________________________

 

Title of Authorized Signatory:  ____________________________

 

Telephone Number of Stockholder:  ____________________________

Email Address of Stockholder: ____________________________

 

Facsimile Number of Stockholder: ____________________________

 

Address for Notice of Stockholder:  ____________________________

 

Address for Delivery of Shares for Stockholder (if not same as address for notice):

 

STOCKHOLDER’S SPOUSE (if and as applicable):

The undersigned spouse of the Stockholder has read and hereby approves the foregoing Agreement and agrees to be irrevocably bound by the Agreement and further agrees that any community property interest shall be similarly bound by the Agreement. I hereby irrevocably appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement.

Signature: ____________________________

Name:  ____________________________

Signature of Authorized Signatory of Spouse: ____________________________

 

5

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