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<br />III IIIIIIIIIIIIIIII
<br />Division of Minerals and Geology
<br />This Assignment Agreement ("Assignment") is made and effective as of May 9, 1997
<br />1"Effective Date") by and among ENERGY FUELS, LTD., a Colorado limited partnership,
<br />ENERGY FUELS EXPLORATION COMPANY, a Colorado corporation, and ENERGY FUELS
<br />NUCLEAR, INC., a Colorado corporation (collectively "Assignor"), all with and office at Three
<br />Park Central, Suite 900, 1515 Arapahoe Street, Denver, Colorado 80202, and
<br />INTERNATIONAL URANIUM (USA) CORPORATION, a Colorado corporation ("Assignee"1, with
<br />an office at Independence Plaza, Suite 950, 1050 Seventeenth Street, Denver, Colorado
<br />80265.
<br />Representations.
<br />A. This Assignment is being executed and delivered pursuant to the Asset
<br />Purchase Agreement 1"Asset Purchase Agreement") dated December 19, 1996 between
<br />Energy Fuels, Ltd., Energy Fuels Exploration Company, and Energy Fuels Nuclear, Inc., as
<br />Vendors, and International Uranium Holdings Corporation, as Purchaser, and pursuant to the
<br />Order Authorizing Sale Of Assets Pursuant To Section 363 Free And Clear Of Liens, Claims
<br />And Encumbrances, Authorizing Assumption And Assignment Of Executory Contracts And
<br />Authorizing Settlement And Payment Of Certain Claims 1"Order") entered on December 20,
<br />1996, by the United States Bankruptcy Court for the District of Colorado, in In re CSI
<br />Enterorisec Inc Enerav Fuels Ltd Oren Lee Benton Energy Fuels Exoloration Co.. Nuexco
<br />Trading Coro.. Energy Fuels Mining Joint Venture, Case No. 95-11642-CEM. The Asset
<br />Purchase Agreement ar:o Order described in this Representation A are on file in the office of
<br />the Clerk of the Bankruptcy Court for the District of Colorado in the bankruptcy cases being
<br />jointly administered as Case No. 95-11642-CEM.
<br />B. Pursuant to the Agreement and Order, all right, title and interest of Assignor
<br />in the permits, licenses, rights of way and agreements (collectively "Permits") described in
<br />Schedule A hereto, are to be conveyed to Assignee.
<br />C. The representations and warranties of the Assignor set forth in the Asset
<br />Purchase Agreement are incorporated herein by this reference and made a part hereof.
<br />II. Assignor and Assignee.
<br />A. For and in consideration of the sum of Ten Dollars (510.00) and other good
<br />and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
<br />Assignor hereby assigns, transfers, and conveys to Assignee and its heirs, successors, and
<br />assigns all of Assignor's right, title and interest in, to, and under the Permits described in
<br />Schedule A.
<br />~~~~~ d~q
<br />ASSIGNMENT AGREEMENT
<br />
<br />RECEIVED
<br />OCT 2 5 2001
<br />B. Assignee assumes all of Assignor's duties, obligations, and liabilities in, to, and
<br />under, and agrees to fully perform and comply with all covenants and terms of, the Permits.
<br />assign/iuc/f inalslusaasmpt.agt
<br />May 6, 1997
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<br />CONFORMED
<br />EXECUTED'~Y'.,
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