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<br />RECEIVED
<br />ASSIGNMENT AGREEMENT OCT 2 5 2001
<br />Division of Minerals and Geology
<br />This Assignment Agreement 4"Assignment"1 is made and effective as of May 9, 1997
<br />("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 1"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 ("Asse.t 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 ("Order") entered on December 20,
<br />1996, by the United States Bankruptcy Court for the District of Colorado, in In re CSI
<br />Enterprises. Inc., Enerav Fuels. Ltd.. Oren Lee Benton. Enerav Fuels Exploration Co.. Nuexco
<br />Trading Coro.. EneLyv 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 />I{. Assignor and Assir~gg.
<br />A. For and in consideration of the sum of Ten Dollars IS 10.00) 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 />8, Assignee ass~imes 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 />assignliuc/finals/usaasmpt.agt
<br />May 6, 1997
<br />-1-
<br />CONFORMED
<br />EXECLTED r~Y°.:
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