Exhibit 4.5 Xxxxx X. Xxxxx Trust Agreement
URANIUM ENERGY CORPORATION
09/16105
Mr. T. H. Xxxx, Xx.
Xxxxx X. Xxxxx Trust 0000
XX 000xx Xx
Xxxxxx, XX 00000-0000
RE: Option to Acquire Drill Data currently owned by the Xxxxx X. Xxxxx Trust
Dear Xx. Xxxx:
I received the executed Option Agreement in Friday evening's mail (9/16/05) and
am, by return mail, enclosing a check in the amount of five thousand ($5,000.00)
dollars as the initial payment required by the Option Agreement.
Additionally, As per our phone conversation of September 13, 2005, It is
mutually agreed, that as no Production Royalties are possible on prospects
(leases) covered by drill data owned by the Trust, and subject to the above
referenced executed Option Agreement between the Xxxxx X. Xxxxx Trust and
Uranium Energy Corp., that upon final execution of the Option Agreement, Uranium
Energy Corp. will issue fifty thousand (50,000) sharers of Uranium Energy Corp.
stock to the Xxxxx X. Xxxxx Trust as additional compensation.
I will contact you in the next few days to make arrangements to review the data.
The due diligence period set forth in the Option Agreement is for a period of
sixty days (60) from the execution date (9/13/05).
Thank you for your kind assistance in completing the Option Agreement. I look
forward to meeting you and reviewing the Trust's drill information.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
---------------------
Xxxxxxx X. Xxxxxx
Chief Geologist/Director
(Fax CC: Xxxx Xxxxxx, CEO)
0000 Xxxxxx Xxxx Xxxxx, Xxxxxx, Xxxxx 000000
Ph. 000-000-0000, Fx. 000-000-0000
