LOAN GUARANTEE AGREEMENT, DATED JUNE 3, 2026, BY AND AMONG USA RARE EARTH, INC., THE SUBSIDIARY GUARANTORS PARTY THERETO AND THE UNITED STATES DEPARTMENT OF COMMERCE
USA Rare Earth, Inc.
EXECUTION VERSION
Dated as of June 3, 2026
USA RARE EARTH, INC.
as Borrower
OTHER PARTIES HERETO
as Borrower Entities
and
UNITED STATES DEPARTMENT OF COMMERCE
as the Department
Round top, stillwater AND Additional PROJECTS
LOAN GUARANTEE AGREEMENT
LOAN ID NO. AP-2026-0044
table of Contents
| Page | ||
| Article 1 DEFINITIONS | 2 | |
| Article 2 GUARANTEE; FFB ADVANCES | 2 | |
| Section 2.1. | Guarantee | 2 |
| Section 2.2. | Availability and Reductions | 3 |
| Section 2.3. | Funding Procedures | 4 |
| Section 2.4. | No Liability | 4 |
| Section 2.5. | Disbursement of Proceeds; Use of Proceeds; Maximum Principal Amount | 5 |
| Section 2.6. | No Interest; No Approval of Work | 6 |
| Article 3 PAYMENTS; PREPAYMENTS | 7 | |
| Section 3.1. | Payments | 7 |
| Section 3.2. | Prepayments | 8 |
| Section 3.3. | DOC Fees | 11 |
| Section 3.4. | Net of Tax | 12 |
| Section 3.5. | Payment of Costs and Expenses | 13 |
| Article 4 CONDITIONS PRECEDENT TO THE AWARD DATE | 13 | |
| Section 4.1. | Conditions Precedent to the Award Date | 13 |
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