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303 East Seventeenth Avenue, Suite 800 <br />Denver, Colorado 80203 <br />William A. Powers <br />Powers Professional Corp. <br />2676 West Alamo Avenue <br />Littleton, Colorado 80120 <br />Alison Maynard <br />Law Office of Alison Maynard <br />1536 Ogden Street, 3rd Floor <br />Denver, Colorado 80218 <br />If to Lessee: Energy Fuels Associates, Ltd. <br />2145 Resort Drive, Suite 201 <br />P.O. Box 773457 <br />Steamboat Springs, Colorado 80477 <br />With copies to: Energy Fuels Coal, Inc. <br />General Mine Manager <br />P.O. Box 459 <br />Florence, Colorado 81226 <br />William M. Banta, Esq. <br />8101 E. Prentice Ave., Suite 410 <br />Englewood, CO 80111 -2933 <br />No change in ownership of the Leased Premises or of the right to receive royalties <br />hereunder shall be binding on Lessee until the Lessor or the entities identified as Lessor <br />herein involved in any such change of ownership has furnished Lessee either with the <br />original recorded instrument of conveyance or with a duly certified copy thereof. <br />12. Force Majeure. Except as to the timely and complete payment of royalties <br />as provided herein, the Lessee shall not be deemed in default of this lease if its failure to <br />perform completely or to perform in a timely manner has been prevented or delayed by <br />law, ordinance or other government regulations, court order, inability to obtain permits or <br />licenses, scarcity or inability to obtain equipment, material, power or fuel, by strike, lock -out <br />1AJMMIS0UTHWIND <br />Mining Lease <br />March 23, 2000 10 <br />