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• • ~3 <br />IN THE UNITED STATES BANKRUPTCY COURT <br />FOR THE DISTRICT OF COLORADO <br />In re: <br />CSI ENTERPRISES, INC., ) Case No. 95-11642-CEM <br />ENERGY FUELS, LTD., } Case No. 95-11645-CEM <br />OREN LEE BENTON, ) Case No. 95-11648-CEM <br />ENERGY FUELS EXPLORATION COMPANY, ) Case No. 95-11649-CEM <br />NUEXCO TRADING CORPORATION, ) Case No. 95-11651-CEM <br />ENERGY FUELS MINING JOIIVT VENTURE, ) Case No. 96-19882-CEM <br />Debtors. <br />(Jointly-Administered <br />Under Case No. <br />95-11642-CEM) <br />MOTION TO APPROVE THE ALLOCATION OF THE INTERNATIONAL URANIUM <br />HOLDINGS CORPORATION'S PURCHASE PRICE PROCEEDS AMONG ENERGY <br />FUELS, LTD., ENERGY FUELS EXPLORATION COMPANY AND ENERGY FUELS <br />NUCLEAR, INC. <br />The Olfrcial Joint Creditors Committee of CSI Enterprises, Inc. and the Jointly Administered <br />Debtors (the "Committee"), through its attorneys, LeBoeuf, Lamb, Greene & MacRae, L.L.P., and <br />Energy Fuels, Ltd. ("EFI,") and Energy Fuels Exploration Comparry ("EFEX" and collectively the <br />"Estates"), through their attorneys, Holden & Jessop, P.C., joimly move the Court for an order <br />approving the allocation of the purchase price proceeds received from International Uranium <br />Holdings Corporation ("ILJHC") in connection with the sale of substantially all of the assets of EFL, <br />EFEX and Energy Fuels Nuclear, Inc. ("EFN" and collectively "Energy Fuels"). In support of this <br />motion, the Committee and Energy Fuels state as follows: <br />I . EFL, EFEX, along with Oren Lee Benton, CSI Enterprises, Inc., and Nuexco Trading <br />Corporation, filed a voluntary petition under Chapter 11 of the Bankruptcy Code on February 23, <br />1995. EFL and EFEX have continued in operation and possession of then businesses as debtors-in- <br />possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code. <br />2. On October 22, 1996, EFL, EFEX, Energy Fuels Haring Joint Venture ("EFMJV") <br />and the Committee filed a joint motion of Energy Fuels and Creditors' Committee for order <br />authoriting sale of substantially all assets of Energy Fuels, Ltd., Energy Fuels Exploration Company, <br />and Energy Fuels Muting Joint Venttue, authoriring assumption and assignment of executory <br />contracts, and authoriarrg settlement of certain claims (the "Sale Motion"). The Sale Motion <br />proposed a sale of substantially all of the assets of Energy Fuels pursuant to an Asset Purchase <br />