FORBEARANCE AND DEBT CONVERSION AGREEMENTForbearance and Debt Conversion Agreement • March 7th, 2012 • Uranium Resources Inc /De/ • Metal mining • Colorado
This Forbearance and Debt Conversion Agreement (the “Agreement”) is made effective March 1, 2012, by and among RMB Australia Holdings, Ltd., a banking corporation organized under the laws of Australia (“RMBAH” or “First Lien Creditor”), RMB Resources, Inc. a Delaware corporation (“RMB”) in its capacity as Agent for the First Lien Creditor (in such capacity, together with its successors in such capacity, the “First Lien Collateral Agent), Uranium Resources Inc., a Delaware corporation (“URI” or “Company”), Neutron Energy, Inc., a Nevada corporation (“Neutron” or “Borrower”) and Cibola Resources, LLC, a Delaware limited liability corporation, (“CRL” or the “Subsidiary Guarantor,” and together with Neutron, the “Borrower Parties).
