Exhibit 4.1 Xxxxxx Consulting Agreement
[GRAPHIC OMITTED]
Austin Centre, 000 Xxxxxx
Xxxxx 000, XXX#
Xxxxxx, XX 00000
Toll Free: (000) 000-0000
Tel: (000) 000-0000
Fax: (000) 000-0000
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DATE: December 1, 2004
Attention: Xxxxx Xxxxxx
0000 Xxxxxx Xxxx Xxxxx
Xxxxxx, Xxxxx 00000
RE: ENGAGEMENT FOR PROFESSIONAL SERVICES
Dear Xx. Xxxxxx ("Consultant"):
As per our preliminary discussion regarding the provision of business analysis
services for Uranium Energy Corp, (the "Company") please see the terms of
service and the preliminary scope of work enclosed. If you are in agreement with
the terms herein, please execute a copy of this letter and return it to our
offices.
Contract of Work
Xxxxxxx Xxxxxx of Austin Texas shall offer exploration & business services to
the Company on an ongoing full time basis. It is hereby proposed to enter into
contract for such services with Uranium Energy Corp. as delineated below, and to
be modified as necessary on an ongoing basis by the parties hereto beyond that
specifically addressed in this letter.
Confidentiality
All documents, materials, conversations developed by the Consultant for the
Company are the private property of the Company. Consultant agrees not to
disclose any such materials to any third party unless in the normal course of
business for the Company's direct benefit without the Company's express written
consent. Materials produced as a result of this contract of work are the
property of Uranium Energy Corp.
Scope of Work
Xxxxxxx Xxxxxx agrees not to perform any services without prior disclosure of
the estimated scope of work to Uranium Energy Corp. If, at any time, during
performance of services, it is estimated that the preliminary scope of work will
be exceeded materially, notification must be made to Uranium Energy Corp.
Consultant agrees to provide timely and ongoing disclosure of work conducted.
Completion of work is subject to the availability of the resources provided by
the Company to Xxxxxxx Xxxxxx and such budgets and resources shall be defined
for any period of work.
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Professional Fees and Expenses
Fees for professional services rendered are charged at the rate of $350 USD per
day. Professional expenses paid on behalf of Uranium Energy Corp. by Xxxxxxx
Xxxxxx will be reimbursed to Xxxxxxx Xxxxxx on the last day of each month.
Xxxxxxx Xxxxxx will hold monthly budget operating monies in trust for Uranium
Energy Corp. with Xxxxxxx Xxxxxx acting as the trustee for normally budgeted
disbursements agreed upon in advance by the parties hereto
Xxxxxxx Xxxxxx will invoice the Company for fees and expenses bi-monthly.
Settlement is due upon receipt of invoice.
Office Space
While working under contract for Uranium Energy Corp., Consultant will work out
of the Xxxxxx & Associates office space. Remuneration is to be included in the
$350.00 USD per day fee. At such time as additional space is required, the
parties shall agree on office space locations, costs and budgets for additional
location(s) of work.
Termination of Services
There will be a 30 day written notice for termination of services provided by
the party seeking to end professional relations.
Scope Of Work
Geological Exploration. Consultant will act as an exploration officer for
Uranium Energy Corp., exploring potential uranium properties on behalf of
Uranium Energy Corp.
Land Acquisition Negotiations
Consultant will negotiate on behalf of Uranium Energy Corp. regarding the
purchase or lease of potential uranium type properties.
Data Research
Consultant will research the appropriate data and give his best opinion to
Uranium Energy Corp., regarding potential uranium exploration.
Retain Services
Consultant will retain any services he deems necessary for uranium exploration
on behalf of Uranium Energy Corp after consulting with and receiving approval
from Uranium Energy Corp.
Sign on behalf of Company
After approval of contract from Uranium Energy Corp., Xxxxxxx Xxxxxx is provided
with the authority to sign contracts on behalf of Uranium Energy Corp. where
necessary.
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Geological Reports
Xxxxxxx Xxxxxx will write geological reports regarding the properties he
explores on behalf of Uranium Energy Corp.
Sincerely,
Uranium Energy Corp.
/s/ XXXX XXXXXX
___________________________________
Xxxx Xxxxxx, President and Director
ACCEPTED AND AGREED this 1st day of December, 2004
/s/ XXXXXXX XXXXXX
__________________________________
Xxxxxxx Xxxxxx/Xxxxxx & Associates
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