0001183740-09-000604 Sample Contracts

FIRST AMENDMENT OF OPTION AGREEMENT
Option Agreement • December 30th, 2009 • Uranium Energy Corp • Miscellaneous metal ores

This First Amendment of Option Agreement (this "First Amendment") is made and entered into effective December 29, 2009 (the "First Amendment Effective Date" hereof) by and between URANIUM ENERGY CORP, a Nevada corporation ("UEC"), the address of which is 9801 Anderson Mill Road, Suite 230, Austin, Texas 78750, and NEUTRON ENERGY, INC., a Nevada corporation, the address of which is 9000 E. Nichols Avenue, Suite 225, Englewood, Colorado 80112 ("Neutron"). In this First Amendment, each of UEC and Neutron is sometimes called a "Party" and UEC and Neutron are sometimes collectively called the "Parties."

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