5th August 2015 Paul Cronin Swellcap Limited Pine House The Square Stow of the Wold Gloucestershire GL54 1AF United Kingdom Dear Paul Cessation of Swellcap engagement — Confidential
Exhibit 99.5
5th August 2015
Xxxx Xxxxxx
Swellcap Limited
Pine House
The Square
Stow of the Xxxx
Xxxxxxxxxxxxxxx
XX00 0XX
Xxxxxx Xxxxxxx
Dear Xxxx
Cessation of Swellcap engagement — Confidential
Further to our recent discussion, this deed sets out the terms that have been agreed between the parties hereto, being Swellcap Limited of Pine House, The Square, Stow an the Xxxx, XX00 0XX, Xxxxxx Xxxxxxx (Swellcap), Anatolia Energy Limited of Xxxxxx Xxxxx, 00 Xxxxxx Xxxxxx. Xxxx Xxxxx 0000 (Anatolia), Uranium Resources Inc (Uranium Resources) and you in relation to the termination of the consultancy agreement between the parties (excluding Uranium Resources) dated on or about 9 February 2015 (Consultancy Agreement)
The parties acknowledge and agree that conditional upon the Schemes (as defined in the scheme implementation agreement (SIA) between Anatolia and Uranium Resources dated 3 June 2015) becoming unconditional:
(a)
In accordance with clause 4(a) of Schedule 1 of the Consultancy Agreement, with effect from the date the Schemes become unconditional, Anatolia will pay Swellcap GBP192,000
(b)
With effect from the xxxx on which Anatolia ceases to be a member of the list of the Australian Securities Exchange (Deflating), Xxxxxxxx xxxx be doomed to have given notice of the termination of the Consultancy Agreement in accordance with its right to do so under clause 14.2 of the Consultancy Agreement
(c)
As soon as practicable after Delisting, Uranium Resources will procure that the shareholders of Anatolia and any of its related bodies corporate (if required), approve a payment to Swellcap in lieu of the balance of the Fee (as that term is defined In the Consultancy Agreement) payable during the 12 month notice period (XXXXX). As soon as practicable after this approval is obtained, Anatolia must pay the XXXXX.
(d)
If Uranium Resources is unable to procure the approval required to provide Swellcap with the XXXXX, it must take all steps required to provide Swellcap with the maximum amount of the XXXXX. This includes not interfering in Swellcap bringing any action within a court for non-payment of part or all of the XXXXX and Swelfcap may plead this deed as a contractual right to its payment.
(e)
To the extent that consent is required by Uranium Resources under the SIA, Uranium Resources is deemed to have given such consent so that the terms of this deed can have effect and the parties will not be in breach of the SIA.
(f)
This deed is governed by the laws of Western Australia and the parties submit to the exclusive jurisdiction of the courts of Western Australia.
Yours sincerely,
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Director
Anatolia Energy Limited
/s/ Xxxxxxxxxxx Xxxxx
Xxxxxxxxxxx Xxxxx
Chief Executive Officer
Uranium Resources, Inc.
Signed sealed and delivered by
Anatolia Energy Limited
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Director
Dated 20 August 2015
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx
Secretary
Dated 20 August 2015
Signed sealed and delivered by
Swellcap Limited
/s/ Xxxx Xxxxxx
Xxxx Xxxxxx
Dated 17 August 2015
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Dated 17 August 2015
Signed sealed and delivered by
Uranium Resources, Inc.
/s/ Xxxxxxxxxxx X. Xxxxx
Xxxxxxxxxxx X. Xxxxx
President & CEO
Dated 21 August 2015
/s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxx
General Counsel & Secretary
Dated 21 August 2015
