EXCHANGE AGREEMENT by and between and MT. EMMONS MINING COMPANY Dated as of December 31, 2020Exchange Agreement • January 7th, 2021 • Us Energy Corp • Crude petroleum & natural gas • Wyoming
Contract Type FiledJanuary 7th, 2021 Company Industry JurisdictionTHIS EXCHANGE AGREEMENT (this “Agreement”), dated and effective as of December 31, 2020 (the “Effective Date”), is entered into by and between U.S. Energy Corp., a Wyoming corporation (the “Company”), and Mt. Emmons Mining Company, a Delaware corporation (“Mt. Emmons”). The Company and Mt. Emmons are hereinafter at times referred to individually as a “Party” and collectively as the “Parties.”