FIRST AMENDMENT TO ASSET EXCHANGE AGREEMENT
EXECUTION VERSION
FIRST AMENDMENT TO ASSET EXCHANGE AGREEMENT
THIS FIRST AMENDMENT TO ASSET EXCHANGE AGREEMENT (this “First Amendment”) is dated November 5, 2014, by and among RIO GRANDE RESOURCES CORPORATION, a Delaware corporation (“RGR”), URANIUM RESOURCES, INC., a Delaware corporation (“URI”), and URANCO INC., a Delaware corporation (“Uranco”). URI and Uranco are sometimes referred to herein individually as a “URI Party” and collectively as the “URI Parties.” RGR, URI, and Uranco are sometimes referred to herein individually as a “Party” and collectively as the “Parties.” Capitalized terms used but not otherwise defined in this First Amendment shall have the same meanings prescribed to such terms in the Agreement (as defined below).
Recitals
A.
The Parties have entered into that certain Asset Exchange Agreement dated as of September 5, 2014 (the “Agreement”), pursuant to which, among other things, RGR has agreed to grant, assign, transfer and convey the Texas Assets to Uranco, and Uranco has agreed to grant, assign, transfer and convey the New Mexico Assets to RGR.
B.
The Parties desire to supplement and amend certain terms of the Agreement, as set forth in this First Amendment.
C.
Pursuant to Section 13.8 of the Agreement, the Agreement may be amended or modified only by an agreement in writing executed by all Parties, their respective successors or permitted assigns and expressly identified as an amendment or modification thereto.
Agreement
NOW, THEREFORE, in consideration of the above recitals and of the covenants and agreements herein contained, the Parties hereby agree as follows:
1.
Amendments to the Agreement. The Parties agree to amend the Agreement as follows, effective for all purposes as of September 5, 2014:
(a)
Section 9.1 of the Agreement is hereby deleted in its entirety and replaced with the following:
“Time and Place of Closing. Consummation of the Exchange contemplated by this Agreement (the “Closing”), shall, unless otherwise agreed to in writing by the URI Parties and RGR, take place at RGR’s legal counsel’s offices in San Antonio, Texas on November 6, 2014 (the “Closing Date”).”
First Amendment to Asset Exchange Agreement
Page 1
EXECUTION VERSION
(b)
Schedule 2.2(a) of the Agreement is hereby deleted in its entirety and replaced with the Schedule 2.2(a) attached hereto as Exhibit A, which is incorporated herein by reference for all purposes.
(c)
Schedule 6.7 of the Agreement is hereby deleted in its entirety and replaced with the Schedule 6.7 attached hereto as Exhibit B, which is incorporated herein by reference for all purposes.
2.
Effect of this First Amendment on Other Provisions of the Agreement. Any and all provisions in the Agreement requiring notice to be delivered by a Party or Parties to another Party or other Parties on or before or within a certain number of Business Days prior to or after the Closing Date, as the case may be, shall be interpreted based on the Closing Date set forth above.
3.
Entire Agreement. The Parties agree that this First Amendment complies with Section 13.8 of the Agreement and amends the Agreement effective as of September 5, 2014. This First Amendment may be supplemented, altered, amended, modified, or revoked only in accordance with Section 13.8 of the Agreement.
4.
Effect of Amendment. Except as specifically provided in this First Amendment, the terms and conditions of the Agreement continue to govern the rights and obligations of the Parties, and all terms and conditions of the Agreement, as amended by this First Amendment, remain in full force and effect. If there is any conflict or inconsistency between this First Amendment and the Agreement, then this First Amendment shall control and modify the Agreement.
5.
Counterparts. This First Amendment may be executed in counterparts, each of which shall be deemed an original instrument, but all such counterparts together shall constitute but one agreement. Each Party’s delivery of an executed counterpart signature page by facsimile (or email) is as effective as executing and delivering this First Amendment in the presence of the other Parties. No Party shall be bound by the terms and provisions of this First Amendment until such time as all of the Parties have executed counterparts of this First Amendment.
[Remainder of Page Intentionally Left Blank]
First Amendment to Asset Exchange Agreement
Page 2
IN WITNESS WHEREOF, each Party has caused this First Amendment to be duly executed by its authorized representative as of the date first set forth above, to be effective for all purposes as of September 5, 2014.
RGR:
RIO GRANDE RESOURCES CORPORATION,
a Delaware corporation
By:
/s/Xxxxx X. Xxxxx
Name:
Xxxxx X. Xxxxx
Title:
President
URI:
URANIUM RESOURCES, INC.,
a Delaware corporation
By:
/s/ Xxxxxxxxxxx X. Xxxxx
Name:
Xxxxxxxxxxx X. Xxxxx
Title:
President and Chief Executive Officer
URANCO:
URANCO INC.,
a Delaware corporation
By:
/s/ Xxxxxxxxxxx X. Xxxxx
Name: Xxxxxxxxxxx X. Xxxxx
Title:
President and Chief Executive Officer
First Amendment to Asset Exchange Agreement
Signature Page
EXHIBIT A
ATTACHED TO AND MADE A PART OF THAT CERTAIN
FIRST AMENDMENT TO ASSET EXCHANGE AGREEMENT DATED SEPTEMBER 5, 2014, BY AND AMONG RIO GRANDE RESOURCES CORPORATION, URANIUM RESOURCES, INC., AND URANCO INC.
Schedule 2.2(a)
Texas Leases
Lease No. | Lessor(s) | Lessee | Date | Volume | Page | County | Gross Acreage | Net Acreage |
1 | Xxxxx Xxxxx Xxxxxx | Rio Grande Resources Corporation | August 17, 2007 | 279 | 559 | Xxxxxx | 2,161 | 432.20 |
2 | Xxxxxx Xxxxxxx Xxxxxx | Rio Grande Resources Corporation | July 24, 2007 | 279 | 562 | Xxxxxx | 2,161 | 432.20 |
3 | Xxxxxxxx X. Xxxxx | Rio Grande Resources Corporation | July 24, 2007 | 279 | 565 | Xxxxxx | 2,161 | 432.20 |
4 | Xxxxx X. Xxxxxxx; Xxxxxx Xxxxxxxx, Xx.; Esparci X. Xxxxx; and Xxxxxxxx X. Xxxxxxx | Rio Grande Resources Corporation | May 30, 2008 | 289 | 455 | Xxxxxx | 2,161 | 216.10 |
5 | Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx Xxxxx; each dealing in their sole and separate property | Rio Grande Resources Corporation | June 30, 2008 | 290 | 367 | Xxxxxx | 80 | 60.0000 |
6 | Xxxxx Xxxxxxxx and Xxxxxx Xxxxxxxx | Rio Grande Resources Corporation | July 1, 2008 | 291 | 125 | Xxxxxx | 80 | 20.00 |
7 | Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx Xxxxx; each dealing in their sole and separate property | Rio Grande Resources Corporation | June 30, 2008 | 290 | 364 | Xxxxxx | 240 | 180.00 |
8 | Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx Xxxxx; each dealing in their sole and separate property | Rio Grande Resources Corporation | June 30, 2008 | 290 | 361 | Xxxxxx | 120 | 105.00 |
9 2 | Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx Xxxxx; each dealing in their sole and separate property | Rio Grande Resources Corporation | June 30, 2008 | 290 | 370 | Xxxxxx | 220 | 88.00 |
10 | Esparci X. Xxxxx; Xxxxx X. Xxxxxxx; Xxxxxx X. Xxxxxxxx, Xx.; and Xxxxxxxx X. Xxxxxxx | Rio Grande Resources Corporation | September 15, 2008 | 292 | 779 | Xxxxxx | 220 | 88.00 |
11 | Xxxxx Xxxxx Xxxxxx | Rio Grande Resources Corporation | November 21, 2008 | 294 | 732 | Xxxxxx | 220 | 44.00 |
12 | Palo Xxxxxx Ltd., a Texas limited partnership | Rio Grande Resources Corporation | December 15, 2008 | 295 | 304 | Xxxxxx | 95.0 | 95.0 |
13 | Xxxxx Xxxxxxx Xxxxxx and wife, Xxxx X. Xxxxxx | Rio Grande Resources Corporation | October 3, 2007 | 864 | 462 | Xxxxxx | 463.83 | 463.83 |
14 | Xxxxxx X. Xxxxxxx and wife, Xxxxx Xxxxxx Xxxxxxx | Rio Grande Resources Corporation | October 5, 2007 | 868 | 445 | Xxxxxx | 114.6 | 114.6 |
15 | Xxxxx X. Lake | Rio Grande Resources Corporation | August 7, 2007 | 862 | 351 | Xxxxxx | 171.8258 | 171.8258 |
00 | Xxxxxx Xxxxxxxxxx, et ux. Xxxxxxx Xxxxxxxxxx | Rio Grande Resources Corporation | July 31, 2007 | 862 | 354 | Xxxxxx | 84.188 | 84.188 |
17 | Regency FS, LP | Rio Grande Resources Corporation | August 30, 2007 | 863 | 171 | Xxxxxx | 106.27 | 106.27 |
18 | Xxxxx X Xxxxxxxxx and wife, Xxxxxxx Xxxxxxxxx, Trustees of the Xxxxxxxxx Family Trust | Rio Grande Resources Corporation | October 22, 2007 | 864 | 794 | Xxxxxx | 79.582 | 19.8955 |
19 | Xxxxx X. Xxxxxx and wife, Xxxxxx Xxxxxx | Rio Grande Resources Corporation | August 7, 2007 | 862 | 360 | Xxxxxx | 201.38 | 201.38 |
20 | Xxxxxxx X. Xxxxxx, Xx. | Rio Grande Resources Corporation | June 26, 2008 | 879 | 379 | Xxxxxx | 101.69 | 100.69 |
21 | Xxxxxxx Xxxxxxxxxx; Xxxxxxx XxXxxxx; Xxxxxx Xxxxx Xxxxxxx; Xxxxxx Xxxxxx Xxxxxxx, Xx.; Xxxxxx Xxxxxxx Xxxxxx; Xxxxxx Xxxxxx; and Xxxxxx Xxxxxx Xxx; each party dealing with their sole and separate property | Rio Grande Resources Corporation | December 10, 2007 | 870 | 748 | Xxxxxx | 1,049.76 | 1049.76 |
22 | Xxxxxx X. Dragon, and wife Xxxxx X. Dragon | Rio Grande Resources Corporation | July 31, 2007 | 862 | 346 | Xxxxxx | 138.36 | 138.36 |
23 | Xxxxx Xxxxxxx Xxxxxxxxx a/k/a Xxxxx X. Xxxxxxxxx; Xxxxx Xxxxxxxxx Xxxxxx; Xxxxxxx Xxx Xxxxxxxxx a/k/a L. Xxx Xxxxxxxxx; and Xxxxxx Xxx Xxxxxxxxx each dealing in their separate property | Rio Grande Resources Corporation | March 21, 2007 | 862 | 357 | Xxxxxx | 404.7 | 404.7 |
24 | Xxxxxxx Xxxxxx | Rio Grande Resources Corporation | June 15, 2007 | 96 | 389 | Bee Live Oak | 312.77 | 78.1925 |
25 | Xxxxxx Xxxx Xxxxx, and wife, Xxxxx Xxxxx | Rio Grande Resources Corporation | June 15, 2007 | 96 | 403 | Bee | 312.77 | 234.5775 |
| Xxxx Xxxxxxxx and wife, Xxxxxx Xxxxxxxx |
|
| 96 | 000 | Xxxx Xxx |
|
|
| Jo Xxx Xxxxxxx |
|
| 96 | 409 |
|
|
|
26 | Xxxxxxx Xxxxx | Rio Grande Resources Corporation | June 28, 2007 | 862 | 349 | Xxxxxx | 140.24 | 140.24 |
27 | Redcrest Trust c/o XX Xxxxxx Chase | Rio Grande Resources Corporation | October 9, 2006 | 866 | 95 | Xxxxxx | 140 | 140 |
28 | Xxxxxxx Xxxxxx, Attorney-in-Fact for Xxxxxxxxx Xxxxxx Xxxxxx | Rio Grande Resources Corporation | August 31, 2007 | 457 | 641 | Xxxxx | 276.98 | 138.49 |
29 | Xxxx X. Xxxxx | Rio Grande Resources Corporation | August 31, 2007 | 457 | 644 | Xxxxx | 611.3 | 203.7667 |
30 | Xxxxx Xxxxx Sellers Trust, Xxxxx Xxxxx Sellers, Trustee | Rio Grande Resources Corporation | August 31, 2007 | 457 | 647 | Xxxxx | 611.3 | 50.9417 |
31 | Xxxxxxx Xxxxx Xxxxxxxxxx Trust, by Xxxxxxx Xxxxx Xxxxxxxxxx, Trustee | Rio Grande Resources Corporation | August 31, 2007 | 458 | 777 | Xxxxx | 611.3 | 50.9417 |
32 | W. W. H. M. & H., INC. | Rio Grande Resources Corporation | October 15, 2007 | 460 | 59 | Xxxxx | 702.71 | 351.3550 |
33 | W. W. H. M. & H., INC. | Rio Grande Resources Corporation | October 15, 2007 | 460 | 57 | Xxxxx | 148 | 74 |
34 | W. W. H. M. & H., INC. | Rio Grande Resources Corporation | October 15, 2007 | 460 | 61 | Xxxxx | 106.82 | 26.705 |
35 | Xxxxx X. Xxxxxxx, a married man dealing in his sole and separate property | Rio Grande Resources Corporation | June 20, 2008 | 478 | 824 | Xxxxx | 106.82 | 8.8981 |
36 | Xxxxx X. Xxxxxxxx; Xxxx Xxxxx Xxxxxxxx; Xxxxxx Xxxxxxxxx; and Xxxxx Xxxx Xxxxxxxxx | Rio Grande Resources Corporation | July 2, 2008 | 479 | 559 | Xxxxx | 106.82 | 8.8981 |
37 | Xxxxx X. Xxxxx, Attorney-in-Fact for Xxxxxxx X. Xxxxx | Rio Grande Resources Corporation | July 14, 2008 | 483 | 183 | Xxxxx | 106.82 | 8.8981 |
38 | Xxxx X. Xxxxxxxxxx Xxxxx | Rio Grande Resources Corporation | July 24, 2008 | 481 | 279 | Xxxxx | 106.82 | 8.8981 |
00 | X. X. H. M. & H., INC. | Rio Grande Resources Corporation | October 15, 2007 | 460 | 63 | Xxxxx | 106.81 | 5.341 |
00 | Xxxxx Xxxxxxxxx Xxxxxxx; Xxxxxx Xxxxxxxxx; Xxxxx X. Xxxxxxxxx; Xxx X. Xxxxxxxxx; and Xxxx X. Xxxxxxxxx, each party dealing in their sole and separate property; Xxxxxx Xxxxxxxxx, Attorney-in-Fact for Xxxxxxx X. Xxxxxx; and Xxxx X. Xxxxxxxxx, Attorney-in-Fact for Eva Xxxxx Xxxxxxxxx Xxxxx | Rio Grande Resources Corporation | March 15, 2008 | 471 | 323 | Xxxxx | 234.81 | 234.81 |
41 | Xxxx Xxxxxx Xxxxxx, Xx. | Rio Grande Resources Corporation | May 2, 2008 | 474 | 404 | Xxxxx | 563.426 | 535.266 |
42 | Xxxxx X. Xxxxxxxx; Xxxx Xxxxx Xxxxxxxx; Xxxxxx Xxxxxxxxx; and Xxxxx Xxxx Xxxxxxxxx | Rio Grande Resources Corporation | July 2, 2008 | 479 | 563 | Xxxxx | 123.93 | 123.93 |
43 | R. Xxxxxxx Xxxxxx, Xxxx Xxxxxx, Xx. and Xxxxx Xxx Xxxxxxxx, Independent Executors of the Estate of Xxxx X. Xxxxxx | Rio Grande Resources Corporation | November 8, 2007 | 462 | 661 | Xxxxx | 144.91 | 57.964 |
44 | W. W. H. M. & H., INC. | Rio Grande Resources Corporation | October 15, 2007 | 460 | 55 | Xxxxx | 144.91 | 43.4730 |
45 | Xxxxxx Xxxxx Xxxxxxx | Rio Grande Resources Corporation | October 25, 2007 | 467 | 164 | Xxxxx | 80 | 80 |
46 | Xxxxx Xxxxxxx, Xx. | Rio Grande Resources Corporation | November 6, 2007 | 461 | 767 | Xxxxx | 81.69 | 81.69 |
47 | Xxxx X. Xxxxxxxxx | Rio Grande Resources Corporation | November 1, 2007 | 461 | 357 | Xxxxx | 81.69 | 81.69 |
First Amendment to Asset Exchange Agreement
Exhibit A
EXHIBIT B
ATTACHED TO AND MADE A PART OF THAT CERTAIN
FIRST AMENDMENT TO ASSET EXCHANGE AGREEMENT DATED SEPTEMBER 5, 2014, BY AND AMONG RIO GRANDE RESOURCES CORPORATION, URANIUM RESOURCES, INC., AND URANCO INC.
Schedule 6.7
Consents and Preferential Purchase Rights
|
|
| RIO GRANDE RESOURCES CORPORATION Consents to Assign |
|
Lease No. | County | Gross Acres | Lessor(s) Required to Execute Consent Letters | Address |
TX-047-01-000010-004 | Xxxxxx | 2161 | Esparci X. Xxxxx | 00000 Xxxxx Xxxxxx |
|
|
|
| Xxx Xxxxxxx, XX 00000 |
TX-047-01-000010-005 | Xxxxxx |
| Xxxxx X. Xxxxxxx | 0000 Xxxxx Xxx |
|
|
|
| Xxx Xxxxxxx, XX 00000 |
TX-047-01-000010-006 | Xxxxxx |
| Xxxxxx X. Xxxxxxxx, Xx. | 0000 Xxxx Xxxxxx |
|
|
|
| Xxxxxxx, XX 00000 |
TX-047-01-000010-007 | Xxxxxx |
| X. X. Xxxxxxx, Independent Executor of the | 0000 Xxxxxxx Xxxxx #0000 |
|
|
| Xxxxxx xx Xxxxxxxx X. Xxxxxxx, Deceased | Xxxxxxx, XX 00000 |
TX-047-18-000041-003 | Xxxxxx | 220 | Esparci X. Xxxxx | 00000 Xxxxx Xxxxxx |
|
|
|
| Xxx Xxxxxxx, XX 00000 |
TX-047-18-000041-004 | Xxxxxx |
| Xxxxx X. Xxxxxxx | 0000 Xxxxx Xxx |
|
|
|
| Xxx Xxxxxxx, XX 00000 |
TX-047-18-000041-005 | Xxxxxx |
| Xxxxxx X. Xxxxxxxx, Xx. | 0000 Xxxx Xxxxxx |
|
|
|
| Xxxxxxx, XX 00000 |
TX-047-18-000041-006 | Xxxxxx |
| X. X. Xxxxxxx, Independent Executor of the | 0000 Xxxxxxx Xxxxx #0000 |
|
|
| Xxxxxx xx Xxxxxxxx X. Xxxxxxx, Deceased | Xxxxxxx, XX 00000 |
TX-047-18-000044-000 | Xxxxxx | 95 | Palo Xxxxxx, Ltd., a Texas Limited Partnership c/o Xxxxxxxx X. Xxxxxx, III | X.X. Xxx 00000 Xxxxxx, XX 00000-0000 |
TX-131-14-000032-001 | Xxxxx | 144.91 | R. Xxxxxxx Xxxxxx, Xxxx Xxxxxx, Xx. and Xxxxx Xxx Xxxxxxxx, Independent Executors of the Estate of Xxxx X. Xxxxxx | 1475 Frost Bank Tower 000 Xxxx Xxxxxxx Xxxxxx Xxx Xxxxxxx, XX 00000 |
First Amendment to Asset Exchange Agreement
Exhibit B