Amendment No. 3 to Credit Agreement between MK Gold Company and Leucadia National Corporation

Summary

This amendment updates the original credit agreement between MK Gold Company and Leucadia National Corporation by changing the definition of the "Termination Date" to April 1, 2002, or an earlier date as specified in the agreement. All other terms of the original credit agreement remain unchanged. The amendment is effective as of December 31, 2000, and is signed by authorized representatives of both parties.

EX-10.22 4 0004.txt AMENDMENT #3 TO CREDIT AGREEMENT Amendment No. 3 To Credit Agreement Dated as of March 1, 1998 Between MK GOLD COMPANY, as Borrower And LEUCADIA NATIONAL CORPORATION, as Lender This Amendment No. 3, dated as of December 31, 2000, hereby amends the Credit Agreement entered into as of March 1, 1998, as amended pursuant to Amendment No. 1, dated as of March 1, 2000, and Amendment No. 2, dated as of October 17, 2000 (the "Credit Agreement"), between MK GOLD COMPANY, a Delaware corporation ("Borrower"), and LEUCADIA NATIONAL CORPORATION, a New York corporation ("Lender"). Borrower and Lender agree as follows: 1. Amendment. The definition of "Termination Date" set forth in Section --------- 1.1, "Defined Terms," of the Credit Agreement is hereby amended in its entirety to read as follows: ""Termination Date" shall mean April 1, 2002, or such earlier date as ---------------- may be determined in accordance with subsection 2.1(e)." 2. No Other Amendments. Except as expressly provided in this Amendment No. ------------------- 3, the Credit Agreement is not amended, changed or modified, and the Credit Agreement remains in full force and effect. 3. Effective Date. The effective date of this amendment is December 31, -------------- 2000. 4. Counterparts. This amendment may be executed in two or more ------------ counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [signature page follows] IN WITNESS WHEREOF, Borrower and Lender have caused this Amendment No. 3 to be duly executed as of the date first written above. Borrower: MK GOLD COMPANY, a Delaware corporation By: /s/ John Farmer -------------------------------- Name: John Farmer ------------------------------ Title: CFO ----------------------------- Lender: LEUCADIA NATIONAL CORPORATION, a New York corporation By: /s/ Thomas E. Mara -------------------------------- Name: Thomas E. Mara ------------------------------ Title: EVP -----------------------------