**Exhibit 10.13 **
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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909 | |
**SECOND AMENDMENT TO RELATED PARTY REVOLVING LOAN AGREEMENT **
This Second Amendment to Related Party Revolving Loan Agreement (This “Second Amendment”) is made and entered into as of April 1, 2026, by and between:
**Lender: **Harbor Associates LP, A Florida limited partnership with its principal place of business at 1001 N. US Hwy 1, Jupiter Florida 33477
Each individually referred to as a “Party” and collectively as the “Parties.”
**Borrower: **Holtec International, a Delaware corporation with its principal place of business at 1 Holtec Boulevard, Camden, New Jersey 08104.
*RECITALS *
WHEREAS, the Parties entered into that certain Related Party Revolving Loan Agreement dated October 24, 2025, as amended by the First Amendment dated February 24, 2026 (collectively, the “Agreement”);
WHEREAS, Section 5 (Loans) of the Amended Business Alliance Agreement provides that, effective April 1, 2026, loans shall bear interest at SOFR plus 1.50%, where SOFR corresponds to the rate effective as of April 1 of each calendar year; and
WHEREAS, the Parties desire to amend the Agreement to conform the interest provisions to the Amended Business Alliance Agreement.
*1. Amendment to Section 3 - Interest and Payment *
Effective April 1, 2026, Section 3 (Interest and Payment) of the Agreement is amended by deleting the reference to “1 Month SOFR + 75 basis points per annum” and replacing it with the following:
“Interest shall accrue on the outstanding principal balance of the Loan at the greater of (i) SOFR plus one hundred fifty (150) basis points (1.50%) per annum, where SOFR shall correspond to the SOFR rate in effect on April 1 of each calendar year and shall remain applicable until the next April 1 annual reset, calculated on the basis of a 365-day year and actual days elapsed, and (ii) the Monthly Applicable Federal Rate. Interest shall be payable monthly in arrears. No interest shall accrue on undrawn amounts.”
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Krishna P. Singh Technology Campus, 1 Holtec Blvd., Camden, NJ 08104 Telephone (856) 797-0900 Fax (856) 797-0909 | |
*2. Retroactive Effect *
This amendment shall be deemed effective as of April 1, 2026. All interest accruing on and after April 1, 2026 shall be calculated using the amended interest rate described above.
*3. No Other Amendments *
Except as expressly amended hereby, all other terms and provisions of the Agreement shall remain in full force and effect.
*4. Governing Law *
This Second Amendment shall be governed by and construed in accordance with the laws of the State of New York.
*Execution *
IN WITNESS WHEREOF, the Parties have executed this Related Party Revolving Loan Agreement as of the Effective Date.
| LENDER: | ||
| HARBOR ASSOCIATES LIMITED PARTNERSHIP | ||
| By: | /s/ Suzanne Lindquist | |
| Name: Suzanne Lindquist | ||
| Title: Chief Investment Officer | ||
| BORROWER: | ||
| HOLTEC INTERNATIONAL | ||
| By: | /s/ Tim Berta | |
| Name: Tim Berta | ||
| Title: Treasurer |
