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C. Assignor agrees that at any time and from time to time, upon the written <br />request of Assignee, Assignor will promptly and duly execute and deliver any and all such <br />further instruments and documents and take such further actions as Assignee shall may deem <br />desirable in obtaining the full benefits of the assignment effected hereby and any rights and <br />powers herein granted. <br />III. Effect• All covenants, conditions, and terms of this Assignment shall bind and inure <br />to the benefit of both Assignor and Assignee, their successors and assigns. <br />IV. Entire Agreement and Interpretation. This Assignment contains the entire <br />agreement of the parties. The division of this Assignment into sections and the use of <br />headings are solely for convenience of reference and shall not be used in its interpretation. <br />IN WITNESS WHEREOF the parties hereto have executed this Assignment as of the day <br />and year first above written. <br />Assignors: <br />ENERGY FUELS, LTD., Debtor-In-Possession <br />By Energy Fuels Mining Joint Venture <br />Debtor-in-Possession, Its General Partner <br />By First Conncord Mining Corpo 0 <br />gy; L~! ~~~I ~ <br />Donald L. Peterson, President <br />ENERGY FUELS EXPLORATION COMPANY <br />a Colorado corporation, Debtor-In-Possession <br />By: ~~~ <br />Donald L. Peterson, President <br />ENERGY FUELS NUCLEAR, INC. <br />a Colorado corporation <br />B ~~~. <br />Y <br />Donald L. Peterson, President <br />Assignee: <br />Accepted upon the terms and <br />conditions set forth above: <br />INTERNATIONAL URANIUM iUSA) CORPORATION <br />a Colorado corporation <br />By: <br />Earl E. H Ilen, President <br />assign/iuc/tina Is/us aasm pt. a gt <br />May fi, l997 -2- <br />