MEMORANDUM OF IN-SITU URANIUM MINING LEASE AND SURFACE USE AGREEMENT
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER.
| STATE OF TEXAS | § |
| MEMORANDUM OF IN-SITU URANIUM MINING LEASE | |
| AND SURFACE USE AGREEMENT | |
| COUNTY OF BEE | § |
This Memorandum of In-Situ Uranium Mining Lease and Surface Use Agreement (hereafter “Lease”) made this 21 day of February , 2012 by and between Xxxxxxx-Xxxxxx Corporation, a Texas corporation whose address is 0000 Xxxxxxx Xx., Xxxxx 000, Xxxxxxx, Xxxxx 00000 (“Lessor”, whether one or more), Xxxxx Hollow Corporation, whose address is 0000 Xxxxxxx Xx., Xxxxx 000, Xxxxxxx, Xxxxx 00000 (“Surface Owner” under leased Premises), whether one or more) and Uranium Energy Corp., a Nevada Corporation authorized to conduct business in Texas whose address is 000 X. Xxxxxxxxx Xxxx., Xxxxx 000X, Xxxxxx Xxxxxxx, Xxxxx 00000, including its successors and assigns, hereinafter called “Lessee.” (“Lessee”).
WITNESSETH:
Lessor and Lessee have this day entered into an In-Situ Uranium Lease and Surface Use Agreement (the “Lease”) covering the following described lands located in Bee County, Texas (the “Lands”) to wit:
17,510.63 acres of land, more or less, located in Bee County, Texas, and being more particularly described in Attached Exhibit “A”
The Lease provides for a five (5) year primary term. Lessor and Surface Owner grant to Lessee the exclusive right of entering upon and conducting mining exploration and related operations upon, over and across the lands, together with all privileges necessary, useful or convenient in connection therewith and Lessor herein grants, leases and lets unto Lessee, all rights and privileges under the Lease covering all of Lessor’s mineral interests in, to and under all of the lands, subject to the terms and conditions set forth more fully in the Lease.
Lessor, Surface Owner and Lessee are executing this Memorandum of In-Situ Solution Mining Lease and Surface Use Agreement for the purpose of placing the same of record in Bee County, Texas to give constructive notice of all of the terms of the Lease in lieu of recording the Lease in its entirety.
IN WITNESS WHEREOF, this Lease is executed as of the day and year first above written.
| LESSOR | SURFACE OWNER | ||
| XXXXXXX-XXXXXX CORPORATION | XXXXX HOLLOW CORPORATION | ||
| By: | “Xxxxxxx X. Xxxxxx” | By: | “Xxxxxxx X. Xxxxxx” |
| Xxxxxxx X. Xxxxxx, President | Xxxxxxx X. Xxxxxx, President | ||
| LESSEE | |||
| URANIUM ENERGY CORP. | |||
| By: | “Xxxxx Xxxxxxx” | ||
| Xxxxx Xxxxxxx, as Chief Operating Officer |
ACKNOWLEDGEMENTS
| STATE OF TEXAS | § |
| COUNTY OF XXXXXX | § |
This instrument was acknowledged before me on the 21 day of February, 2012 by XXXXXXX-XXXXXX CORPORATION, Xxxxxxx X. Xxxxxx, President.
| “Xxx Xxxxxxx” | |
| Notary Public For The State Of Texas |
| STATE OF TEXAS | § |
| COUNTY OF XXXXXX | § |
This instrument was acknowledged before me on the 21 day of February, 2012 by XXXXX HOLLOW CORPORATION, Xxxxxxx X. Xxxxxx, President.
| “Xxx Xxxxxxx” | |
| Notary Public For The State Of Texas |
| STATE OF TEXAS | § |
| COUNTY OF NUECES | § |
This instrument was acknowledged before me on the 27th day of February, 2012 by URANIUM ENERGY CORP., Xxxxx Xxxxxxx, as Chief Operating Officer.
| “Xxxxxx X. Xxxxxx” | |
| Notary Public For The State Of Texas |
EXHIBIT “A”
to
MEMORANDUM
OF
IN-SITU SOLUTION MINING LEASE
AND SURFACE USE
AGREEMENT
ATTACHED TO AND MADE A PART OF THAT CERTAIN IN-SITU SOLUTION MINING LEASE AND SURFACE USE AGREEMENT BY XXXXXXX-XXXXXX CORPORATION AND XXXXX HOLLOW CORPORATION, AS GRANTOR, AND URANIUM ENERGY CORP., AS GRANTEE
PREMISES DESCRIPTION
17,510.63 ACRES OF LAND, more or less, being comprised of Blocks Two, Three and Four as described in that certain Partition of the Xxxxx Xxxxxxxx Xxxxxxx Estate Ranch of 29,337.04 acres out of the Xxxxxx de los Xxxxxx Survey, A-64, the Xxxx Xxxxxx Survey, A-60, the Xxxxxxx Xxxxxx Survey, X-00,xxx Xxxxxxx Xxxxx Xxxxxx, X-0, the Xxxx, Xxxxxxx and Xxxxxx Tool Survey, A-67, the Xxxxxx Xxxxx Survey, A-25, the X.X. Xxxxxxxx Survey, A-14, the Saragossa Irrigation and Manufacturing Co. Survey, A-1250 and the Xxxxxxx Xxxxxx Survey, A-20 in BeeCounty, Texas. Map of said Partition being recorded in Volume 2, Page 49 of the Map Records of Bee County, Texas
| FILED AND RECORDED | STATE OF TEXAS | COUNTY OF BEE | ||
| OFFICIAL PUBLIC RECORDS |
I hereby certify that this instrument was filed on the date and time stamped hereon by me and was duly recorded in the volume and page of the Official Public Records of Bee Counts/ Texas stamped hereon by me. | |||
| On: Sep 20, 2012 at 01:28P | ||||
| Document Number: | 178374 | |||
| Sep 20, 2012 | ||||
| Amount | 24.00 | Xxxxxxx Xxxxxxxxx Xxxxx | ||
| Bee Counts Clerk Bee Counts. Texas | ||||
| Xxxxxxx Xxxxxxxxx Xxxxx | ||||
| Bee Counts Clerk | ||||
| By | By | Xxxx Xxxxxxx | Deputy | |
| Xxxxxxx Del Bosque, Deputy | ||||
| Bee County | ||||
