Document:

Striker Energy Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

THIS SECURITY WAS ISSUED IN AN OFFSHORE TRANSACTION TO A
PERSON WHO IS NOT A U.S. PERSON AS DEFINED IN REGULATION S PROMULGATED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"). ACCORDINGLY,
THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE 1933 ACT OR ANY U.S.
STATE SECURITIES LAWS AND, UNLESS SO REGISTERED, IT MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THIS PROMISSORY NOTE MAY NOT BE CONDUCTED UNLESS
IN ACCORDANCE WITH THE 1933 ACT. 

PROMISSORY NOTE 

 

	US$200,000 	JULY 26, 2010 

 

FOR VALUE RECEIVED, the undersigned promises to pay to the
order of BENJAMIN COMPANY S.A. at its principal office located at
SAFFREY SQUARE, NASSAU, BAHAMAS, or at such other place as the holder of
this Note may from time to time designate, the principal sum of TWO HUNDRED
THOUSAND DOLLARS ($200,000.00) in lawful money of the United States of
America, together with interest thereon as herein provided; on JULY
26, 2011. 

The principal amount or such portion thereof as shall remain
outstanding from time to time shall accrue simple interest, calculated monthly
in arrears, at a rate of FIVE PERCENT (5%) PER ANNUM commencing on the
date of this promissory note and payable at maturity. 

If principal is not paid when due, the undersigned promises to
pay all costs of collection, including without limitation, legal fees, and all
expenses in connection with the protection or realization of the collateral
securing this promissory note, if any, or the enforcement of any guaranty hereof
incurred by the holder(s) hereof on account of such collection, whether or not
suit is filed hereon or thereon; such costs and expenses shall include, without
limitation, all costs, expenses and legal fees incurred by the holder(s) hereof
in connection with any insolvency, bankruptcy, arrangement or other similar
proceedings involving the undersigned, or involving any endorser or guarantor
hereof, which in any way affects the exercise by the holder(s) hereof of the
rights and remedies of such holder(s) under this promissory note. 

The undersigned may prepay all or any portion of the principal
sum without prior notice to, or the consent of, the holder, at any time and from
time-to-time during the term of this Note provided that (i) the undersigned is
not in default hereunder at the time of prepayment, (ii) if the prepayment
occurs at any time prior to the first day of the sixth calendar month following
the date of this Note (the “Six Month Anniversary”), the undersigned shall pay,
in lieu of actual interest accrued, an amount equal to the interest that would
have accrued on the amount of the principal sum prepaid if the same had been
outstanding for six months; and (iii) if the prepayment occurs at any time after
the Six Month Anniversary, the undersigned shall pay all interest that has
actually accrued on the amount of the principal sum that is prepaid. 

Presentment, protest, notice of protest and notice of dishonour
are hereby waived. 

STRIKER ENERGY CORP. 

 

	By: 	/s/ JOSEPH CARUSONE 	 
	  	JOSEPH CARUSONE, Presidentex10_1.htm

EXHIBIT 10.1

COMMITMENT INCREASE AMENDMENT TO CREDIT AGREEMENT

 

This Commitment Increase Amendment to Credit Agreement is dated as of July 28, 2010 (this “Amendment”) by and among USEC INC., a Delaware corporation, and UNITED STATES ENRICHMENT CORPORATION, a Delaware corporation (together, the “Borrowers”), JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent under the Credit Agreement referenced below (the “Administrative Agent”), and NEW ALLIANCE BANK, a Connecticut state chartered bank, acting through its NewAlliance Commercial Finance operating division (the “New Lender”).

 

WHEREAS, the Borrowers are parties to that certain Second Amended and Restated Revolving Credit Agreement dated as of February 26, 2010 (the “Credit Agreement”) by and among the Borrowers, the Lenders party thereto, the Administrative Agent and the joint book managers, joint lead arrangers and other agents party thereto; and

 

WHEREAS, in accordance with Section 2.07(e) of the Credit Agreement, the Borrower has requested that the aggregate Commitments be increased by $25,000,000; and

 

WHEREAS, the New Lender has agreed to become a party to the Credit Agreement as a “Lender” with a Commitment of $25,000,000; and

 

WHEREAS, the Borrower, the New Lender and the Administrative Agent desire to enter into this Amendment, in accordance with the provisions of Sections 2.07(e) and (f) of the Credit Agreement, to effectuate the increase in the aggregate Commitments and to add the New Lender as a “Lender” under the Credit Agreement with a Commitment of $25,000,000.

 

NOW, THEREFORE, in consideration of the foregoing and the agreements contained herein, and for other good and valuable consideration (including, without limitation, the payment by the Borrowers to the New Lender of such commitment fee as separately agreed to by the Borrowers, the New Lender and the Administrative Agent), the parties agree as follows:

1.           Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Credit Agreement, except to the extent such meanings are amended hereby.

2.           Effective as of the Commitment Increase Effective Date (as defined below):

(a)           the New Lender agrees (i) to be bound by the terms and provisions of the Credit Agreement, and (ii) to become a “Lender” for all purposes of the Credit Agreement to the same extent as if originally a party thereto, with a Commitment of $25,000,000;

(b)           the aggregate Commitments of the Lenders under the Credit Agreement shall be increased by $25,000,000 from $225,000,000 to $250,000,000.

(c)           the Applicable Percentages of the Lenders shall be adjusted to take into account the Commitment of the New Lender;

(d)           the revised Commitments and revised Applicable Percentages of all Lenders under the Credit Agreement shall be as set forth on revised Schedule 2.01 attached hereto, which revised Schedule 2.01 replaces in its entirety existing Schedule 2.01 to the Credit Agreement;

 

 

BOS111 12503538.1 

  

  

  

(e)           all outstanding ABR Loans shall be reallocated among the Lenders in accordance with the Lenders’ respective revised Applicable Percentages; and

(f)           at the expiration of each applicable Interest Period in effect as of the Commitment Increase Effective Date, Eurodollar Loans shall be reallocated among the Lenders in accordance with the Lenders’ respective revised Applicable Percentages.

3.           The undersigned New Lender (a) represents and warrants that the New Lender has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and by the Credit Agreement and to become a Lender under the Credit Agreement; (b) confirms that the New Lender has received a copy of the Credit Agreement, and has reviewed such other documents and information as the New Lender has deemed appropriate to make its own credit analysis and decision to enter into this Amendment; and (c) agrees that the New Lender will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as the New Lender shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto.

4.           This Amendment shall be subject to the satisfaction of the following conditions:

(a)           The Administrative Agent shall have received counterparts of this Amendment duly executed by the New Lender and the Borrowers;

(b)           The New Lender shall have received from the Borrowers the commitment fee separately agreed to be paid by the Borrowers to the New Lender; and

(c)           The Administrative Agent shall have received a certificate from an authorized officer of the Borrowers certifying as to the matters set forth in Section 2.07(f) of the Credit Agreement.

This Amendment shall become effective on the date that the Administrative Agent determines in its discretion that each of the conditions described in this Section 4 has been satisfied (such date, the “Commitment Increase Effective Date”).  The Agent shall designate the Commitment Increase Effective Date on the signature page to this Amendment.

5.           This Amendment shall be governed by and construed in accordance with the laws of the State of New York.  This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Amendment by signing any such counterpart.  In accordance with Section 2.07(f) of the Credit Agreement, this Amendment shall only require the written signatures of the Administrative Agent, the Borrowers and the New Lender.  Upon execution and delivery of this Amendment by each of the Administrative Agent, the Borrowers and the New Lender, this Amendment shall be binding on each of the parties to the Credit Agreement as if each such party were a direct signatory to this Amendment.  This Amendment shall be deemed to constitute a “Financing Document” as such term is defined in the Credit Agreement.

BOS111 12503538.1 

  

  

  

IN WITNESS WHEREOF, the undersigned have caused this Commitment Increase Amendment to Credit Agreement to be duly executed as of the date first set forth above.

ADMINISTRATIVE AGENT:

JPMORGAN CHASE BANK, N.A.,

By: /s/ Dan Bueno

Name: Dan Bueno

Title: Vice President

NEW LENDER:

NEW ALLIANCE BANK, a Connecticut state chartered bank, acting through its NewAlliance Commercial Finance operating division,

By: /s/ Andrew H. Mosure

Name: Andrew H. Mosure

Title: President

BORROWERS:

USEC, INC.

By: /s/ Stephen S. Greene

Name: Stephen S. Greene

Title: Vice President and Treasurer

UNITED STATES ENRICHMENT CORPORATION

By: /s/ Stephen S. Greene

Name: Stephen S. Greene

Title: Vice President and Treasurer

Commitment Increase Effective Date:  July 28, 2010

[Signature Page to Commitment Increase Amendment to Credit Agreement]

BOS111 12503538.1 

  

  

  

SCHEDULE 2.01

as of July 28, 2010

Commitments

	
LENDER NAME

	 	

EXISTING COMMITMENT

	 	 	
EXISTING APPLICABLE PERCENTAGE

	 	 	

REVISED COMMITMENT

	 	 	
 

REVISED

APPLICABLE PERCENTAGE

	 
	
JPMorgan Chase Bank, N.A.

	 	$	75,000,000	 	 	 	33.333333	%	 	$	75,000,000	 	 	 	30.000000	%
	
Wachovia Capital Finance Corporation (New England)

	 	$	75,000,000	 	 	 	33.333333	%	 	$	75,000,000	 	 	 	30.000000	%
	
UBS Loan Finance LLC

	 	$	50,000,000	 	 	 	22.222222	%	 	$	50,000,000	 	 	 	20.000000	%
	
GMAC Commercial Finance, LLC

	 	$	25,000,000	 	 	 	11.111111	%	 	$	25,000,000	 	 	 	10.000000	%
	
New Alliance Bank

	 	$	0	 	 	 	0.000000	%	 	$	25,000,000	 	 	 	10.000000	%
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Total

	 	$	225,000,000	 	 	 	100.0000000	%	 	$	250,000,000	 	 	 	100.0000000	%

BOS111 12503538.1

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