CREDIT AGREEMENT dated as of June 15, 2021 among X ENERGY, LLC and X-ENERGY REACTOR COMPANY, LLC, as Borrowers, the Other Loan Parties, and LIVE OAK BANKING COMPANY, as LenderCredit Agreement • March 24th, 2023 • Ares Acquisition Corp • Fabricated plate work (boiler shops) • New York
THIS CREDIT AGREEMENT is executed as of June 15, 2021 (the “Closing Date”), by and among X ENERGY, LLC, a Maryland limited liability company (“X Energy”), X-ENERGY REACTOR COMPANY, LLC, a Delaware limited liability company (“X-Energy Reactor”; collectively with X Energy and their respective successors and assigns, the “Borrowers”), the other Loan Parties (as defined herein), and LIVE OAK BANKING COMPANY, a North Carolina banking corporation, as Lender (as defined herein).
REIMBURSEMENT AGREEMENT AND GUARANTY DATED AS OF APRIL 26, 2021Reimbursement Agreement and Guaranty • March 24th, 2023 • Ares Acquisition Corp • Fabricated plate work (boiler shops) • New York
WHEREAS, during late July and on August 12, 2020, X-ENERGY REACTOR COMPANY, LLC, a Delaware limited liability company ( “X-Energy”) and Pershing LLC, an affiliate of Bank of New York Mellon (the “Lender”), and in certain cases other parties, entered into a series of documents described on Exhibit A hereto (the “Loan Documentation”). The Lender agreed to an extension of credit in an amount not to exceed $30,000,000 under the Loan Documentation. The Loan Documentation included one or more guarantees (as described in the Loan Documentation, the “Credit Support Guarantees”), by GHAFFARIAN ENTERPRISES, LLC ( “Ghaffarian”), and documentation by which Ghaffarian supported such Credit Support Guarantees with collateral including marketable securities (as described in the Loan Documentation, the “Credit Support”), in each case in favor of Lender for the benefit of X-Energy. The parties hereto now wish to document the agreement of X-Energy to reimburse, pay and make whole Ghaffarian for any amou
