Exhibit 10.1


 


SECURITIES EXCHANGE AGREEMENT


 


This SECURITIES EXCHANGE
AGREEMENT (this “Agreement”) is dated as of the 14th day of March, 2019, by and among Uranium Energy
Corp., a Nevada corporation (the “Company”), Pacific Road Resources Reno Creek Cayco 1 Ltd., a Cayman Islands
corporation (“Pacific Road Cayco 1”), Pacific Road Resources Reno Creek Cayco 2 Ltd., a Cayman Islands corporation
(“Pacific Road Cayco 2”), Pacific Road Resources Reno Creek Cayco 3 Ltd., a Cayman Islands corporation (“Pacific
Road Cayco 3”), Pacific Road Resources Reno Creek Cayco 4 Ltd., a Cayman Islands corporation (“Pacific Road
Cayco 4”) and Reno Creek Unit Trust, a trust formed under the laws of Australia (“RCUT”, and together
with Pacific Road Cayco 1, Pacific Road Cayco 2, Pacific Road Cayco 3 and Pacific Road Cayco 4, the “Pacific Road Parties”).
The Company and the Pacific Road Parties are sometimes referred to herein as the “Parties”.


 


WHEREAS, the Pacific Road
Parties are the registered holders of certain outstanding common stock purchase warrants (the “Warrants”) of
the Company more particularly described in Exhibit A annexed hereto and made a part hereof;


 


WHEREAS, the Pacific Road
Parties desire to exchange their respective Warrants for fully-paid and non-assessable shares of common stock (the “Common
Stock”) of the Company pursuant to the terms and subject to the conditions contained in this Agreement; and


 


WHEREAS, the Board of Directors
of each of the Parties has determined that it will be beneficial for their respective entities and their respective stockholders
to enter into the transactions contemplated by this Agreement.


 


NOW, THEREFORE, in consideration
of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereto hereby agree as follows:


 


ARTICLE
1

SECURITES EXCHANGE


 


1.1          Exchange
Securities.  The Company shall issue to each Pacific Road Party that number of shares of Common Stock as is set forth
opposite the name of such Pacific Road Party on Exhibit B annexed hereto and made a part hereof (collectively, the “Exchange
Securities”), at a deemed issue price of US$1.35 per share, against surrender of the original certificate(s) representing
such Pacific Road Party’s Warrants to the Company for immediate cancellation.


 


1.2          Closing.
Subject to the approval of the NYSE American stock exchange, on which the Exchange Securities are intended to be listed, the closing
of the securities exchange transaction contemplated by this Agreement (the “Closing”) will be completed at the
offices of the Company’s counsel, McMillan LLP, Lawyers - Patent & Trade Mark Agents, located at 1500 Royal Centre, 1055
West Georgia Street, Vancouver, British Columbia, Canada, V6E 4N7 (the “Company’s Counsel”), at 1:00 p.m.
(Vancouver, British Columbia, time) on the later of March 15, 2019 and the business day following receipt of NYSE American approval
(the “Closing Date”). Under no circumstances shall the Company’s Counsel be considered to be giving legal
or other advice or services to any such Pacific Road Party and no communication between a Pacific Road Party and the Company’s
Counsel shall be considered advice (at the most only administrative assistance on behalf of the Company), and each Pacific Road
Party shall rely solely and exclusively on the Pacific Road Party’s own judgement and the advice of the Pacific Road Party’s
own counsel. For the purposes of this section 1.2, “business day” means any day other than a Saturday or a Sunday,
or a day on which commercial banks are authorized or required by law to be closed in New York City.


 




     


     


    

 


1.3          Delivery
of Certificates Representing Exchange Securities. Upon Closing, the Company shall direct Transfer Online Inc., in its capacity
as the Company’s registrar and transfer agent for Common Stock, to deliver or cause to be delivered to the Pacific Road Parties
certificates representing their respective Exchange Securities in accordance with the registration and delivery instructions included
on the signature pages of this Agreement. For avoidance of doubt, all Exchange Securities shall be issued as of the Closing Date.


 


1.4          Share
Purchase Agreement. The Parties agree that section 2.3 of the share purchase agreement dated May 9, 2017 between the Company,
Pacific Road Capital A Pty Ltd., as trustee for Pacific Road Resources Fund A, Pacific Road Capital B Pty Ltd., as trustee for
Pacific Road Resources Fund B, and Pacific Road Holdings S.a.r.l., as amended and assigned to the Pacific Road Parties, relating
to certain voting and resale conditions, is hereby terminated and of no further force or effect.


 


ARTICLE
2

SECURITIES LAW MATTERS


 


2.1          United
States Securities Law Matters. Each Pacific Road Party acknowledges and agrees that:


 


(a)          The
Exchange Securities have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”), or under the securities laws of any state of the United States;


 


(b)          The
offer and sale of the Exchange Securities to the Pacific Road Parties (the “Offering”) is being made by the
Company in reliance on the exemption from registration provided by section 3(a)(9) of the U.S. Securities Act; and


 


(c)          Due
to the Warrants having been held for more than one year, the Pacific Road Party not being an “affiliate” of the Company,
and the receipt of a legal opinion from special U.S. counsel to the Pacific Road Parties that the U.S. restrictive legend on the
Warrants may be removed from the certificates representing the Warrants, the Warrants are no longer “restricted securities”
as such term is defined in Rule 144(a)(3) under the U.S. Securities Act, and the Exchange Securities to be issued to the Pacific
Road Party hereunder in accordance with section 3(a)(9) of the U.S. Securities Act will also not be “restricted securities”
or be required to bear any U.S. restrictive legend.


 


2.2          Canadian
Securities Law Matters. Each Pacific Road Party acknowledges and agrees that:


 




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(a)          No
prospectus has been filed by the Company with any of the securities commissions or other regulatory authorities in Canada in connection
with the Offering, and the Offering is being made in reliance on certain exemptions from the prospectus and registration requirements
of applicable Canadian securities legislation;


 


(b)          The
Pacific Road Party is restricted from using most of the civil remedies available under the applicable Canadian securities laws,
and certain protections, rights and remedies provided by the applicable Canadian securities laws, including statutory rights of
rescission or damages, will not be available to the Pacific Road Party;


 


(c)          The
Pacific Road Party may not receive information that would otherwise be required to be provided to it under the applicable Canadian
securities laws;


 


(d)          The
Company is relieved from certain obligations that would otherwise apply under the applicable Canadian securities laws; and


 


(e)          The
Exchange Securities will be subject to restrictions on resale under National Instrument 45-102 – Resale of Securities,
for a period of four months and one day following their date of issuance (the “Canadian Hold Period”), and the
certificates representing the Exchange Securities, as well as all certificates issued in exchange for or in substitution for such
certificate(s), until such time as is no longer required under the applicable Canadian securities laws, will bear, on the face
of such certificate, the following legend:


 


“UNLESS PERMITTED
UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [FOUR MONTHS AND ONE DAY FROM THE
DATE OF ISSUANCE].”


 


2.3          General.
Each Pacific Road Party additionally acknowledges and agrees that:


 


(a)          The
Pacific Road Party's investment in the Company is speculative and involves a high degree of risk;


 


(b)          No
securities commission or similar regulatory authority has reviewed or passed on the merits of the Exchange Securities;


 


(c)          There
is no government or other insurance covering the Exchange Securities;


 


(d)          There
are risks associated with the acquisition of the Exchange Securities;


 


(e)          No
person has made to the Pacific Road Party any written or oral representations that any person will resell or repurchase any of
the Exchange Securities;


 


(f)           The
Pacific Road Party will not receive, nor has it requested nor does it require, an offering memorandum or other disclosure document
in making its investment decision to accept Exchange Securities in exchange for its Warrants;


 




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(g)          The
Pacific Road Party has had an opportunity to review and consider the information which has been publicly filed with and/or furnished
by the Company to (i) Canadian Securities Administrators (the “CSA”) under National Instrument 51-102 - Continuous
Disclosure Obligations, and available on the System for Electronic Document Analysis and Retrieval maintained by the CSA, and/or
(ii) the United States Securities and Exchange Commission (the “SEC”) pursuant to section 13(a) of the United
States Securities Exchange Act of 1934, as amended, and available on the Electronic Data Gathering, Analysis and Retrieval system
maintained by the SEC (collectively, the “Public Record”); and


 


(h)          Each
Pacific Road Party acknowledges and agrees that:


 


(i)           the
shares of Common Stock (the “Warrant Shares”) issuable upon exercise of the Warrants have been registered for
resale on Form S-3 under the U.S. Securities Act (SEC File No. 333-220404)(the “Existing Registration Statement”);
and


 


(ii)          as
soon as practicable following the execution and delivery of this Agreement by the Parties, the Company shall file a post-effective
amendment to the Existing Registration Statement to deregister the Warrant Shares.


 


ARTICLE
3

REPRESENTATIONS AND WARRANTIES OF THE COMPANY


 


As a material inducement
to the Pacific Road Parties to enter into this Agreement and to consummate the transactions contemplated hereby, the Company each
hereby makes to each such Pacific Road Party the following representations and warranties:


 


3.1           Authority.
This Agreement constitutes the valid and binding obligation of each of the Company enforceable against it in accordance with its
terms except as may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws from time
to time in effect affecting creditor’s rights generally or by principles governing the availability of equitable remedies.


 


3.2           No
Conflicts. The execution, delivery and performance by the Company of this Agreement does not and will not, with or without
the giving of notice or the lapse of time or both, (a) constitute a violation of, or conflict with or result in any breach of,
acceleration of any obligation under, right of termination under, or default under, any material agreement, contract, instrument,
mortgage, lien, lease, permit, authorization, order, writ, judgment, injunction, decree, determination or arbitration award to
which the Company are a party or by which the Company or their respective properties are bound or affected, (b) violate any judgment,
decree, order, statute, law, rule or regulation applicable to the Company, or (c) require the Company to obtain any approval, consent
or waiver of, or to make any filing with, any person or entity (governmental or otherwise) that has not been obtained or made.


 


3.3           Reservation
of Capital Stock. The Company has available out of its authorized but unissued shares of Common Stock such number of shares
of Common Stock as are necessary to satisfy the aggregate number of Exchange Securities issuable to the Pacific Road Parties upon
exchange of the Warrants.


 




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ARTICLE
4

REPRESENTATIONS AND WARRANTIES OF THE PACIFIC ROAD PARTIES


 


As a material inducement
to the Company to enter into this Agreement and to consummate the transactions contemplated hereby, each Pacific Road Party, for
itself, severally represents and warrants to the Company as follows:


 


4.1           Authority.
The Pacific Road Party has full right, authority, power and capacity to enter into this Agreement and to carry out the transactions
contemplated hereby. This Agreement constitutes the valid and binding obligation of such Pacific Road Party enforceable against
such Pacific Road Party in accordance with its terms except as may be limited by applicable bankruptcy, reorganization, insolvency,
moratorium or other similar laws from time to time in effect affecting creditor’s rights generally or by principles governing
the availability of equitable remedies.


 


4.2           Canadian
Accredited Investor Status. The Pacific Road Party: (a) is an “accredited investor” (as such term is defined in
National Instrument 45 106 – Prospectus Exemptions, and reproduced in Appendix A to Exhibit C of this Agreement)
and/or the Securities Act (Ontario); (b) the Pacific Road Party was not created or used solely to purchase or hold securities
as an accredited investor, (c) the Pacific Road Party has concurrently executed and delivered a Representation Letter in the form
attached as Exhibit C to this Agreement (and has initialed Appendix A thereto indicating that the Pacific Road Party satisfies
one of the categories of “accredited investor” set out in such Appendix).


 


4.3           Pacific
Road Parties Domiciled Outside the United States and Canada. Each Pacific Road Party that is domiciled in or otherwise subject
to the securities laws of a jurisdiction other than the United States or Canada has concurrently executed and delivered a Certificate
of Foreign Investor in the form attached as Exhibit D to this Agreement.


 


4.4           No
Liens or Encumbrances. The Pacific Road Party is the legal and beneficial owner of the Warrants set forth opposite its name
in Exhibit A annexed hereto, free and clear of all liens and encumbrances.


 


4.5           No
Conflicts. The execution, delivery and performance by such Pacific Road Party of this Agreement does not and will not, with
or without the giving of notice or the lapse of time or both, (a) constitute a violation of, or conflict with or result in
any breach of, acceleration of any obligation under, right of termination under, or default under, any agreement, contract, instrument,
mortgage, lien, lease, permit, authorization, order, writ, judgment, injunction, decree, determination or arbitration award to
which such Pacific Road Party is a party or by which such Pacific Road Party or such Pacific Road Party ‘s property is bound
or affected, (b) violate any judgment, decree, order, statute, law, rule or regulation applicable to such Pacific Road Party,
or (c) require such Pacific Road Party to obtain any approval, consent or waiver of, or to make any filing with, any person
or entity (governmental or otherwise) that has not been obtained or made.


 




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4.6           Access
to Information. Each Pacific Road Party represents that (a) such Pacific Road Party has received and read all information
such Pacific Road Party has deemed necessary or appropriate for purposes of considering such Pacific Road Party decision to enter
into this Agreement, including, but not limited to the Public Record; (b) such Pacific Road Party has had the opportunity
to discuss each of the Company’ business, operations, financial condition and prospects with the Company’s management,
and to ask questions and receive answers from the Company regarding the terms and conditions of the transactions contemplated herein;
and (c) such Pacific Road Party’s decision to enter into this Agreement is made in reliance solely upon such Pacific
Road Party’s own judgement together with the advice of those advisors retained by such Pacific Road Party, if any, and has
been made without any reliance on any recommendation or endorsement of the Company or any third party with respect thereto, including
without limitation any advice or representation relating to tax matters.


 


4.7           Investment
Intent. Each Pacific Road Party represents that it is acquiring the Exchange Securities for investment purposes only, and not
with a view for distribution other than in accordance with applicable law.


 


4.8           Non-Affiliate
Status. Each Pacific Road Party is not an “affiliate” of the Company as such term is defined in Rule 144(a)(1)
under the U.S. Securities Act and has not been an affiliate of the Company at any time during the preceding 90 day period.


 


4.9           Holding
of Warrants. Each Pacific Road Party has held the Warrants for more than one year from the date of original issuance of such
Warrants and the full purchase price for the Warrants was paid at least one year prior to the date of this Agreement.


 


ARTICLE
5

NOTICES


 


All demands, notices, requests,
consents and other communications required or permitted under this Agreement shall be in writing and shall be personally delivered
or sent by facsimile machine (with a confirmation copy sent by one of the other methods authorized in this Section), or by commercial
overnight delivery service (including FedEx but excluding the U.S. Postal Service), as set forth below:


 


If to the Company, addressed to:


 


Uranium Energy Corp.


500 North Shoreline Boulevard, Suite 800N


Corpus Christi, Texas 78401

USA


 


Attention: Amir Adnani, President and CEO


 


Facsimile No.: (361) 888-5041


 




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with a copy, which shall not constitute notice, to:


 


McMillan LLP


1055 West Georgia Street


Suite 1500


PO Box 11117


Vancouver, British Columbia


Canada V6E 4N7


 


Attention: Tom Deutsch, Partner


 


Facsimile No.: 604-893-2679


 


If to a Pacific Road Party,
to the address and/or facsimile number of such Pacific Road Party as set forth in Exhibit A annexed hereto.


 


Notices shall be deemed
given upon the earliest to occur of (i) receipt by the party to whom such notice is directed, if hand delivered; (ii) if sent by
facsimile machine, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is directed)
such notice is sent if sent (as evidenced by the facsimile confirmed receipt) prior to 5:00 p.m. Pacific Time and, if sent after
5:00 p.m. Pacific Time, on the day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which such notice is
directed) after which such notice is sent; or (iii) on the first business day (other than a Saturday, Sunday or legal holiday in
the jurisdiction to which such notice is directed) following the day the same is deposited with the commercial carrier if sent
by commercial overnight delivery service. Each party, by notice duly given in accordance therewith, may specify a different address
for the giving of any notice hereunder.


 


ARTICLE
6

MISCELLANEOUS


 


6.1           Privacy
Law Matters. Exhibit E annexed hereto is incorporated into and made part of this Agreement.


 


6.2           Entire
Agreement. This Agreement and any exhibits attached hereto or thereto contain the complete agreement among the Parties with
respect to the transactions contemplated hereby and supersede all prior agreements and understandings among the Parties with respect
to such transactions.


 


6.3           Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
and such counterparts together shall constitute only one original. The Parties shall be entitled to rely upon delivery of an executed
facsimile or similar executed electronic copy of this Agreement, and such facsimile or similar executed electronic copy shall be
legally effective to create a valid and binding agreement among the Parties.


 




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6.4           Successors
and Assigns. This Agreement and the rights, interest, and obligations hereunder shall be binding upon and shall inure to the
benefit of the Parties hereto and their respective successors and assigns, including but not limited to successors and assigns
by merger, purchase, liquidation or other acquisition or disposition.


 


6.5           Governing
Law. This Agreement shall be governed, construed and enforced in accordance with the laws of the Province of British Columbia
and the federal laws of Canada applicable therein, therein and the Parties irrevocably attorn to the jurisdiction of the courts
of British Columbia.


 


6.6           Waiver
and Other Action. This Agreement may be amended, modified or supplemented only by a written instrument executed by all Parties
hereto.


 


6.7           Severability.
The Parties hereto intend all provisions of this Agreement to be enforced to the fullest extent permitted by law. Accordingly,
should a court of competent jurisdiction determine that the scope of any provision is too broad to be enforced as written, the
parties intend that the court should reform the provision to such narrower scope as it determines to be enforceable. If, however,
any provision of this Agreement is held to be illegal, invalid, or unenforceable under present or future law, such provision shall
be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision were
never a part hereof; and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected
by the illegal, invalid or unenforceable provision or by its severance, except to the extent such remaining provisions constitute
obligations of another party to this Agreement corresponding to the unenforceable provision.


 


6.8           Survival.
All covenants, representations and warranties made herein shall survive the execution and delivery of this Agreement.


 


6.9           Construction.
The Parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party
shall not be applied in the construction of this Agreement.


 


6.10         Expenses.
Except as expressly otherwise provided for herein, the Parties hereto shall each pay their own expenses incurred in connection
with this Agreement and the transactions contemplated hereby. In any action to enforce the terms of this Agreement, the successful
party shall be entitled to recover its reasonable attorneys’ fees, costs and expenses from the party who refused or failed
to perform this Agreement.


 


6.11         Further
Assurances. At any time or from time to time after the date of this Agreement, the Parties hereto will take all appropriate
action and execute and deliver, without limitation, any documents or instruments of transfer, conveyance, assignment and confirmation
or provide any information which may be reasonably necessary to carry out any of the provisions of this Agreement.


 




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IN WITNESS WHEREOF, the
Parties hereto have executed this Agreement as of the date first written above.


 


	 	URANIUM ENERGY CORP.
	 	 	 
	 	By:	/s/ Amir Adnani
	 	 	Amir Adnani
	 	 	President and Chief Executive Officer


 


SIGNATURE PAGE TO SECURITIES EXCHANGE AGREEMENT


 




     


     


    

 


	 	PACIFIC ROAD RESOURCES RENO CREEK CAYCO 1 LTD.
	 	 	 	 
	 	By:	/s/ Padraig Hoare	/s/ Inderjit  Singh
	 	 	 	 
	 	 	(Signature)	 
	 	 	 	 
	 	 	Padraig Hoare	Inderjit Singh
	 	 	 	 
	 	 	(Name – please print)	 
	 	 	 	 
	 	 	Director	Director
	 	 	 	 
	 	 	(Title – please print)	 


 


REGISTRATION AND DELIVERY INSTRUCTIONS FOR
EXCHANGE SECURITIES


 


	Register the Exchange Securities as set forth below:	 	Deliver the Exchange Securities as set forth below:
	 	 	 
	Pacific Road Resources Reno Creek Cayco 1 Ltd.	 	Osler, Hoskin & Harcourt LLP
	(Name)	 	(Name)
	 	 	 
	 	 	 
	(Account reference, if applicable)	 	(Account reference, if applicable)
	 	 	 
	190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands	 	James R. Brown
	(Address)	 	(Contact Name)
	 	 	1 First Canadian Place,
	 	 	100 King Street West, Suite 6200
	 	 	Toronto, ON  M5X 1B8
	 	 	Canada
	 	 	(Address)
	 	 	 
	 	 	416.862.6647	jbrown@osler.com
	 	 	(Telephone Number)	(E-Mail Address)


 





COUNTERPART PACIFIC ROAD PARTY SIGNATURE PAGE


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	 	PACIFIC ROAD RESOURCES RENO CREEK CAYCO 2 LTD.
	 	 	 	 
	 	By:	/s/ Padraig Hoare	/s/ Inderjit  Singh
	 	 	 	 
	 	 	(Signature)	 
	 	 	 	 
	 	 	Padraig Hoare	Inderjit Singh
	 	 	 	 
	 	 	(Name – please print)	 
	 	 	 	 
	 	 	Director	Director
	 	 	 	 
	 	 	(Title – please print)	 


 


REGISTRATION AND DELIVERY INSTRUCTIONS FOR
EXCHANGE SECURITIES


 


	Register the Exchange Securities as set forth below:	 	Deliver the Exchange Securities as set forth below:
	 	 	 
	Pacific Road Resources Reno Creek Cayco 2 Ltd.	 	Osler, Hoskin & Harcourt LLP
	(Name)	 	(Name)
	 	 	 
	 	 	 
	(Account reference, if applicable)	 	(Account reference, if applicable)
	 	 	 
	190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands	 	James R. Brown
	(Address)	 	(Contact Name)
	 	 	1 First Canadian Place,
	 	 	100 King Street West, Suite 6200
	 	 	Toronto, ON  M5X 1B8
	 	 	Canada
	 	 	(Address)
	 	 	 
	 	 	416.862.6647	jbrown@osler.com
	 	 	(Telephone Number)	(E-Mail
    Address)


 





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	 	PACIFIC ROAD RESOURCES RENO CREEK CAYCO 3 LTD.
	 	 	 	 
	 	By:	/s/ Padraig Hoare	/s/ Inderjit  Singh
	 	 	 	 
	 	 	(Signature)	 
	 	 	 	 
	 	 	Padraig Hoare	Inderjit Singh
	 	 	 	 
	 	 	(Name – please print)	 
	 	 	 	 
	 	 	Director	Director
	 	 	 	 
	 	 	(Title – please print)	 


 


REGISTRATION AND DELIVERY INSTRUCTIONS FOR
EXCHANGE SECURITIES


 


	Register the Exchange Securities as set forth below:	 	Deliver the Exchange Securities as set forth below:
	 	 	 
	Pacific Road Resources Reno Creek Cayco 3 Ltd.	 	Osler, Hoskin & Harcourt LLP
	(Name)	 	(Name)
	 	 	 
	 	 	 
	(Account reference, if applicable)	 	(Account reference, if applicable)
	 	 	 
	190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands	 	James R. Brown
	(Address)	 	(Contact Name)
	 	 	1 First Canadian Place,
	 	 	100 King Street West, Suite 6200
	 	 	Toronto, ON  M5X 1B8
	 	 	Canada
	 	 	(Address)
	 	 	 
	 	 	416.862.6647	jbrown@osler.com
	 	 	(Telephone Number)	(E-Mail Address)


 





COUNTERPART PACIFIC ROAD PARTY SIGNATURE PAGE


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	 	PACIFIC ROAD RESOURCES RENO CREEK CAYCO 4 LTD.
	 	 	 	 
	 	By:	/s/ Padraig Hoare	/s/ Inderjit  Singh
	 	 	 	 
	 	 	(Signature)	 
	 	 	 	 
	 	 	Padraig Hoare	Inderjit Singh
	 	 	 	 
	 	 	(Name – please print)	 
	 	 	 	 
	 	 	Director	Director
	 	 	 	 
	 	 	(Title – please print)	 


 


REGISTRATION AND DELIVERY INSTRUCTIONS FOR
EXCHANGE SECURITIES


 


	Register the Exchange Securities as set forth below:	 	Deliver the Exchange Securities as set forth below:
	 	 	 
	Pacific Road Resources Reno Creek Cayco 4 Ltd.	 	Osler, Hoskin & Harcourt LLP
	(Name)	 	(Name)
	 	 	 
	 	 	 
	(Account reference, if applicable)	 	(Account reference, if applicable)
	 	 	 
	190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands	 	James R. Brown
	(Address)	 	(Contact Name)
	 	 	1 First Canadian Place,
	 	 	100 King Street West, Suite 6200
	 	 	Toronto, ON  M5X 1B8
	 	 	Canada
	 	 	(Address)
	 	 	 
	 	 	416.862.6647	jbrown@osler.com
	 	 	(Telephone Number)	(E-Mail Address)


 





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	 	RENO CREEK UNIT TRUST
	 	 	 
	 	By:	/s/ Adrian Martin
	 	 	 
	 	 	(Signature)
	 	 	 
	 	 	Adrian Martin
	 	 	 
	 	 	(Name – please print)
	 	 	 
	 	 	Company Secretary 
	 	 	 
	 	 	(Title – please print)
	 	 	 
	 	By:	 
	 	 	(Signature)
	 	 	 
	 	 	 
	 	 	(Name – please print)
	 	 	 
	 	 	 
	 	 	(Title – please print)


 


REGISTRATION AND DELIVERY INSTRUCTIONS FOR
EXCHANGE SECURITIES


 


	Register the Exchange Securities as set forth below:	 	Deliver the Exchange Securities as set forth below:
	 	 	 
	Reno Creek Unit Trust	 	Osler, Hoskin & Harcourt LLP
	(Name)	 	(Name)
	 	 	 
	 	 	 
	(Account reference, if applicable)	 	(Account reference, if applicable)
	 	 	 
	Level 2, 88 George Street, Sydney, NSW, Australia	 	James R. Brown
	(Address)	 	(Contact Name)
	 	 	1 First Canadian Place,
	 	 	100 King Street West, Suite 6200
	 	 	Toronto, ON  M5X 1B8
	 	 	Canada
	 	 	(Address)
	 	 	 
	 	 	416.862.6647	jbrown@osler.com
	 	 	(Telephone Number)	(E-Mail Address)


 





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EXHIBIT A


 


	Name, Address and Facsimile Number of
 Pacific Road Party	 	Warrant Certificate
 Number	 	Number of Warrants	 
	Pacific Road Resources Reno Creek Cayco 1 Ltd.
 190
    Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands
 Facsimile No.: +1 345 945 4757	 	2017-08-01	 	 	2,578,005	 
	Pacific Road Resources Reno Creek Cayco 2 Ltd.
 190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands
 Facsimile No.: +1 345 945 4757
	 	2017-08-02	 	 	2,578,005	 
	Pacific Road Resources Reno Creek Cayco 3 Ltd.
 190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands
 Facsimile No.: +1 345 945 4757
	 	2017-08-03	 	 	2,148,337	 
	Pacific Road Resources Reno Creek Cayco 4 Ltd.
 190 Elgin Avenue, George Town, Grand Cayman, KY1-9007, Cayman Islands
 Facsimile No.: +1 345 945 4757
	 	2017-08-04	 	 	1,511,054	 
	Reno Creek Unit Trust
 Level 2, 88 George Street, Sydney, NSW, Australia
 Facsimile No.: +612 9241 2255
	 	2017-08-05	 	 	2,184,599	 



 


In each case, with a copy,
which shall not constitute notice, to:


 


Osler, Hoskin & Harcourt LLP


1 First Canadian Place


100 King Street West, Suite 6200


Toronto, Ontario


M5X 1B8


 


Attention: James R. Brown, Partner


 


Facsimile No.: 416.862.6666


 




     


     


    

 


EXHIBIT B


 


	Name of Pacific Road Party	 	Number of Exchange Securities 
 (Shares of Common Stock)	 
	Pacific Road Resources Reno Creek Cayco 1 Ltd.	 	 	175,773	 
	Pacific Road Resources Reno Creek Cayco 2 Ltd.	 	 	175,773	 
	Pacific Road Resources Reno Creek Cayco 3 Ltd.	 	 	146,478	 
	Pacific Road Resources Reno Creek Cayco 4 Ltd.	 	 	103,026	 
	Reno Creek Unit Trust	 	 	148,950	 



 




     


     


    

 


EXHIBIT C


 


REPRESENTATION
LETTER


 


(ACCREDITED
INVESTORS)


 


		TO:	Uranium Energy Corp. (the “Corporation”)



 


Capitalized terms used herein but not otherwise defined shall
have the meaning ascribed to them in the Securities Exchange Agreement to which this Exhibit is attached.


 


In connection with the acquisition of Exchange Securities by the
undersigned (the “Pacific Road Party” for the purposes of this Exhibit C), the undersigned hereby represents,
warrants and certifies to and covenants with the Corporation that:


 


		1.	The Pacific Road Party
is acquiring the Exchange Securities as principal for the Pacific Road Party's own account;



 


		2.	The Pacific Road Party is an “accredited investor” within
the meaning of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) by virtue of satisfying
the indicated criterion as set out in Appendix “A” to this Representation Letter;



 


		3.	The Pacific Road Party
was not created and is not used solely to purchase or hold securities as an accredited investor; and



 


		4.	Upon execution of this
Exhibit C by the undersigned, this Exhibit C (including Appendix “A”) will be incorporated into and form a part
of the accompanying Securities Exchange Agreement.



 


Dated: _________________________, 2019.


 


	 	 
	 	Print name
	 	 
	 	 
	 	Authorized Signature
	 	 
	 	 
	 	Print name of Signatory
	 	 
	 	 
	 	Title


 


IMPORTANT: PLEASE INDICATE THE APPLICABLE
PARAGRAPH OF THE DEFINITION OF “ACCREDITED INVESTOR” ON THE ATTACHED APPENDIX “A” 


 




     


     


    

 


APPENDIX “A”
TO EXHIBIT C


 


CANADIAN ACCREDITED INVESTOR CERTIFICATE


 


NOTE: THE INVESTOR MUST INDICATE BESIDE THE
APPLICABLE PORTION OF THE DEFINITION OF ACCREDITED INVESTOR SET OUT BELOW.


 


All monetary references set out in this Appendix
“A” are stated in Canadian Dollars.


 


Accredited Investor - (defined in National
Instrument 45-106 (“NI 45-106”) and Section 73.3(1) of the Securities Act (Ontario)) means:


 


	(a)	_____	except in Ontario, a Canadian financial institution, or a Schedule III bank;
	 	 	 
	 	 	in Ontario, a financial institution described in paragraph 1, 2 or 3 of subsection 73.1(1) of the Securities Act (Ontario)
	 	 	 
	(b)	_____	except in Ontario, the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada);
	 	 	 
	 	 	in Ontario, the Business Development Bank of Canada;
	 	 	 
	(c)	_____	except in Ontario, a subsidiary of any person referred to in paragraphs (a) or (b), if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary;
	 	 	 
	 	 	in Ontario, a subsidiary of any person or company referred to in clause (a) or (b), if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary.
	 	 	 
	(d)	_____	except in Ontario, a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer;
	 	 	 
	 	 	in Ontario, a person or company registered under the securities legislation of a province or territory of Canada as an adviser or dealer, except as otherwise prescribed by the regulations;
	 	 	 
	(e)	_____	an individual registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred to in paragraph (d);
	 	 	 
	(e.1)	_____	an individual formerly registered under the securities legislation of Canada, other than an individual formerly registered solely as a representative of a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);
	 	 	 
	(f)	_____	except in Ontario, the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly-owned entity of the Government of Canada or a jurisdiction of Canada;
	 	 	 
	 	 	in Ontario, the Government of Canada, the government of a province or territory of Canada, or any Crown corporation, agency or wholly owned entity of the Government of Canada or the government of a province or territory of Canada;


 




     


     


    

 


	(g)	_____	except in Ontario, a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l'île de Montréal or an intermunicipal management board in Québec;
	 	 	 
	 	 	in Ontario, a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l'île de Montréal or an intermunicipal management board in Quebec;
	 	 	 
	(h)	_____	any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government;
	 	 	 
	(i)	_____	except in Ontario, a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of a jurisdiction of Canada;
	 	 	 
	 	 	in Ontario, a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada) or a pension commission or similar regulatory authority of a province or territory of Canada;
	 	 	 
	(j)	_____	an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000(1);
	 	 	 
	(j.1)	_____	an individual who beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $5,000,000;
	 	 	 
	(k)	_____	an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
	 	 	 
	 	 	(Note: if individual accredited investors wish to purchase through wholly-owned holding companies or similar entities, such purchasing entities must qualify under section (t) below, which must be initialled.)


 





 






1 The
following is an excerpt from the Companion Policy to National Instrument 45-106 which provides guidance as to the meaning of beneficial
ownership of financial assets:


"Paragraphs (j) and (j.1) of the
"accredited investor" definition refer to the beneficial ownership of financial assts. As a general matter, it should
not be difficult to determine whether financial assets are beneficially owned by an individual, an individual's spouse, or both,
in any particular instance. However, in the case where financial assets are held in a trust or in another type of investment vehicles
for the benefit of an individual there may be questions as to whether the individual beneficially owns the financial assets. The
following factors are indicative of beneficial ownership of financial assets:


 


		(a)	physical or constructive possession of evidence of ownership of the financial asset;



		(b)	entitlement to receipt of any income generated by the financial asset;



		(c)	risk of loss of the value of the financial asset; and



		(d)	the ability to dispose of the financial asset or otherwise deal with it as the individual sees fit.



For example, securities held in a self-directed
RRSP, for the sole benefit of an individual, are beneficially owned by that individual. In general, financial assets in a spousal
RRSP would also be included for the purposes of the $1,000,000 financial asset test in paragraph (j) because it takes into account
financial assets owned beneficially by a spouse. However, financial assets in a spousal RRSP would not be included for purposes
of the $5,000,000 financial asset test in paragraph (j.1). Financial assets held in a group RRSP under which the individual would
not have the ability to acquire the financial assets and deal with them directly would not meet the beneficial ownership requirements
in either paragraph (j) or paragraph (j.1)."


 




    	 	C.A-2	 



     


    

 


	(l)	_____	an individual who, either alone or with a spouse, has net assets of at least $5,000,000;
	 	 	 
	(m)	_____	a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements;
	 	 	 
	(n)	_____	an investment fund that distributes or has distributed its securities only to:
	 	 	 
	 	 	(i)             a person that is or was an accredited investor (as defined in NI 45-106) at the time of the distribution;
	 	 	 
	 	 	(ii)           a person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment] or 2.19 [Additional investment in investment funds] of NI 45-106; or
	 	 	 
	 	 	(iii)          a person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106;
	 	 	 
	(o)	_____	an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt;
	 	 	 
	(p)	_____	a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be;
	 	 	 
	(q)	_____	a person acting on behalf of a fully managed account by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction;
	 	 	 
	(r)	_____	a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded;
	 	 	 
	(s)	_____	an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function;
	 	 	 
	(t)	_____	a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors (as defined in NI 45-106);
	 	 	 
	(u)	_____	an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser;
	 	 	 
	(v)	_____	a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as an accredited investor; or
	 	 	 
	(w)	_____	a trust established by an accredited investor for the benefit of the accredited investor's family members of which a majority of the trustees are accredited investors and all of the beneficiaries are the accredited investor's spouse, a former spouse of the accredited investor or a parent, grandparent, brother, sister, child or grandchild of that accredited investor, of that accredited investor's spouse or of that accredited investor's former spouse.


 




    	 	C.A-3	 



     


    

 


For the purposes hereof:


 


“Canadian
financial institution” means:


 


		(i)	an association governed by the Cooperative Credit Associations Act (Canada) or a central
cooperative credit society for which an order has been made under section 473(1) of that Act; or



 


		(ii)	a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch,
credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of
Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;



 


“control person”
has the same meaning as in securities legislation except in Manitoba, Newfoundland and Labrador, Northwest Territories, Nova Scotia,
Nunavut, Ontario, Prince Edward Island and Québec where control person means any person that holds or is one of a combination
of persons that holds:


 


		(i)	a sufficient number of any of the securities of an issuer so as to affect materially the control
of the issuer; or



 


		(ii)	more than 20% of the outstanding voting securities of an issuer except where there is evidence
showing that the holding of those securities does not affect materially the control of the issuer;



 


“director”
means a member of the board of directors of a company or an individual who performs similar functions for a company, and with respect
to a person that is not a company, an individual who performs functions similar to those of a director of a company;


 


“eligibility
adviser” means:


 


		(i)	a person that is registered as an investment dealer and authorized to give advice with respect
to the type of security being distributed; and



 


		(ii)	in Saskatchewan or Manitoba, also means a lawyer who is a practicing member in good standing with
a law society of a jurisdiction of Canada or a public accountant who is a member in good standing of an institute or association
of chartered accountants, certified general accountants or certified management accountants in a jurisdiction of Canada provided
that the lawyer or public accountant must not:



 


		(a)	have a professional, business or personal relationship with the issuer, or any of its directors,
executive officers, founders, or control persons; and



 


		(b)	have acted for or been retained personally or otherwise as an employee, executive officer, director,
associate or partner of a person that has acted for or been retained by the issuer or any of its directors, executive officers,
founders or control persons within the previous 12 months;



 


“executive
officer” means, for an issuer, an individual who is:


 


		(i)	a chair, vice-chair or president;



 


		(ii)	a vice-president in charge of a principal business unit, division or function including sales,
finance or production; or



 


		(iii)	performing a policy-making function in respect of the issuer;



 


“financial
assets” means:


 


		(i)	cash;



 


		(ii)	securities; or



 


		(iii)	a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes
of securities legislation;



 


“founder”
means, in respect of an issuer, a person who:


 


		(i)	acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes
the initiative in founding, organizing or substantially reorganizing the business of the issuer; and



 




    	 	C.A-4	 



     


    

 


		(ii)	at the time of the trade is actively involved in the business of the issuer;



 


“foreign
jurisdiction” means a country other than Canada or a political subdivision of a country other than Canada;


 


“fully managed account”
means an account of a client for which a person makes the investment decisions if that person has full discretion to trade in securities
for the account without requiring the client's express consent to a transaction;


 


“investment
fund” means a mutual fund or a non-redeemable investment fund;


 


“jurisdiction”
means a province or territory of Canada except when used in the term foreign jurisdiction;


 


“local
jurisdiction” means the jurisdiction in which the Canadian securities regulatory authority is situate;


 


“non-redeemable
investment fund” has the same meaning as in National Instrument 81-106 – Investment Fund Continuous Disclosure;


 


“person”
includes:


 


		(i)	an individual;



 


		(ii)	a corporation;



 


		(iii)	a partnership, trust, fund and an association, syndicate, organization or other organized group
of persons, whether incorporated or not; and



 


		(iv)	an individual or other person in that person's capacity as a trustee, executor, administrator or
personal or other legal representative;



 


“regulator”
means, for the local jurisdiction, the person referred to in Appendix D of National Instrument 14-101 Definitions opposite
the name of the local jurisdiction;


 


“related
liabilities” means:


 


		(i)	liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial
assets; or



 


		(ii)	liabilities that are secured by financial assets;



 


“Schedule
III bank” means an authorized foreign bank named in Schedule III of the Bank Act (Canada);


 


“spouse”
means, an individual who:


 


		(i)	is married to another individual and is not living separate and apart within the meaning of the
Divorce Act (Canada), from the other individual;



 


		(ii)	is living with another individual in a marriage-like relationship, including a marriage-like relationship
between individuals of the same gender; or



 


		(iii)	in Alberta, is an individual referred to in paragraph (i) or (ii) above, or is an adult interdependent
partner within the meaning of the Adult Interdependent Relationships Act (Alberta); and



 


“subsidiary”
means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary.


 




    	 	C.A-5	 



     


    

 


EXHIBIT D


 


CERTIFICATE OF FOREIGN INVESTOR


(Non-U.S. and Non-Canadian Investors)


 


Capitalized terms not specifically
defined in this Certificate have the meaning ascribed to them in the Securities Exchange Agreement to which this Certificate is
attached.


 


		To:	URANIUM ENERGY CORP.



 


In connection with the acquisition
by the undersigned investor (the “Investor”) of Exchange Securities of Uranium Energy Corp. (the “Corporation”),
the Investor on its own behalf and (if applicable) on behalf of others for whom it is acting hereunder, hereby represents, warrants,
covenants and certifies to and with the Corporation and its counsel (and acknowledges that the Corporation and its counsel are
relying thereon) that the undersigned (or any Beneficial Purchaser on whose behalf it is acting) is not in the United States or
Canada and is not a “U.S. Person” (as defined in Regulation S promulgated under the U.S. Securities Act), is not purchasing
the Common Shares for the account or benefit of a U.S. Person or a person in the United States (as defined in Regulation S) or
a Canadian Person, and is otherwise subject to, the securities laws of a jurisdiction other than Canada or the United States, and:


 


		(a)	the Investor is, and (if applicable) any other purchaser for whom it is acting hereunder, is:



 


		(i)	a purchaser that is recognized by the securities regulators in the jurisdiction in which it is,
and (if applicable) any other purchaser for whom it is acting hereunder is resident or otherwise subject to the securities laws
of such jurisdiction as an exempt purchaser and is purchasing the Exchange Securities as principal for its, or (if applicable)
each such other purchaser’s, own account, and not for the benefit of any other person, corporation, firm or other organization
has a beneficial interest in the said securities being purchased, or purchasing the securities as agent or trustee for the principal
disclosed on the cover page of this Agreement and each disclosed principal for whom the Investor is acting is purchasing as principal
for its own account, and not a view to resale or distribution; or



 


		(ii)	a purchaser which is purchasing the Exchange Securities pursuant to an exemption from any prospectus
or securities registration requirements available to the Corporation, the Investor and any such other purchaser under applicable
securities laws of their jurisdiction of residence or to which the Investor and any such other purchaser are otherwise subject
to, and the Investor and any such other purchaser will deliver to the Corporation such particulars of the exemption and their qualification
thereunder as the Corporation may reasonably request;



 




     


     


    

 


		(b)	the purchase of the Exchange Securities by the Investor, and (if applicable) each such other purchaser,
does not contravene any of the applicable securities laws in such jurisdiction and does not trigger: (i) any obligation of the
Corporation to prepare and file a prospectus, an offering memorandum or similar document; or (ii) any obligations of the Corporation
to make any filings with or seek any approvals of any kind from any regulatory body in such jurisdiction or any other ongoing reporting
requirements with respect to such purchase or otherwise; or (iii) any registration or other obligation on the part of the Corporation;



 


		(c)	the Investor is knowledgeable of, and has been independently advised as to, the securities laws
of such jurisdiction as applicable to the Securities Exchange Agreement to which this Certificate is attached; and



 


		(d)	the Investor, and (if applicable) any other purchaser for whom it is acting hereunder will not
sell or otherwise dispose of any Exchange Securities except in accordance with applicable securities laws.



 


Dated March _____, 2019


 


	 	 
	 	Name of Investor (please print)
	 	 
	 	X
	 	Authorized signatory
	 	 
	 	 
	 	 
	 	Name of authorized signatory (please print)
	 	 
	 	 
	 	 
	 	Official capacity of authorized signatory (please print)


 




    	 	D-2	 



     


    

 


EXHIBIT E


PRIVACY LAW MATTERS


 


		From:	Uranium Energy Corp. (the “Company”)



 


		To:	Pacific Road Resources Reno Creek Cayco 1 Ltd., Pacific Road Resources Reno Creek Cayco 2 Ltd.,
Pacific Road Resources Reno Creek Cayco 3 Ltd., Pacific Road Resources Reno Creek Cayco 4 Ltd. and Reno Creek Unit Trust



 


The following acknowledgements and agreements are incorporated into
and form part of the Securities Exchange Agreement to which this Exhibit D is annexed:


 


		(a)	If you are, or the beneficial purchaser for whom you are contracting hereunder is, a resident of
the Province of Ontario, you authorize the indirect collection of personal information (as defined in the securities laws of the
Province of Ontario) by the Ontario Securities Commission and confirm that you have been notified by the Company:



 


		(i)	that the Company will be delivering such personal information to the Ontario Securities Commission;



 


		(ii)	that such personal information is being collected indirectly by the Ontario Securities Commission
under the authority granted to it in the securities laws of the Province of Ontario;



 


		(iii)	that such personal information is being collected for the purpose of the administration and enforcement
of the securities laws of the Province of Ontario; and



 


		(iv)	that the title, business address and business telephone number of the public official in the Province
of Ontario who can answer questions about the Ontario Securities Commission’s indirect collection of personal information
is as follows:



 


Administrative Assistant to the Director of Corporate Finance

Ontario Securities Commission

Suite 1903, Box 55, 20 Queen Street West, Toronto, Ontario, Canada, M5H 3S8

Telephone:(416) 593-8086.


 


		(b)	If you are, or the beneficial purchaser for whom you are contracting hereunder is, a resident of
the Province of Ontario, you authorize the indirect collection of personal information (as defined in the securities laws of the
Province of Ontario) by the Ontario Securities Commission and confirm that you have been notified by the Company:



 


		(i)	that the Company will be delivering such personal information to the Ontario Securities Commission;



 




     


     


    

 


		(ii)	that such personal information is being collected indirectly by the Ontario Securities Commission
under the authority granted to it in the securities laws of the Province of Ontario;



 


		(iii)	that such personal information is being collected for the purpose of the administration and enforcement
of the securities laws of the Province of Ontario; and(i)



 


		(iv)	that the title, business address and business telephone number of the public official in the Province
of Ontario who can answer questions about the Ontario Securities Commission’s indirect collection of personal information
is as follows:



 


Administrative Assistant to the Director of Corporate Finance

Ontario Securities Commission

Suite 1903, Box 55, 20 Queen Street West

Toronto, Ontario M5H 3S8

Telephone:416-593-8086


 


		(c)	You, on your own behalf and, if applicable, on behalf of each beneficial purchaser for whom you
are contracting hereunder, acknowledge and consent to the fact that the Company is collecting your personal information (as that
term is defined under applicable privacy legislation, including, without limitation, the Personal Information Protection and
Electronic Documents Act (Canada) and any other applicable similar, replacement or supplemental provincial or federal legislation
or laws in effect from time to time), or that of each beneficial purchaser for whom you are contracting hereunder, for the purpose
of completing this Agreement. You, on your own behalf and, if applicable, on behalf of each beneficial purchaser for whom you are
contracting hereunder, acknowledge and consent to the Company retaining such personal information for as long as permitted or required
by law or business practices. You, on your own behalf and, if applicable, on behalf of each beneficial purchaser for whom you are
contracting hereunder, further acknowledge and consent to the fact that the Company may be required by the securities laws and
the rules and policies of any stock exchange to provide regulatory authorities with any personal information provided by you in
this Agreement. You represent and warrant that you have the authority to provide the consents and acknowledgements set out in this
paragraph on behalf of each beneficial purchaser for whom you are contracting hereunder. In addition to the foregoing, you agree
and acknowledge that the Company may use and disclose your personal information, or that of each beneficial purchaser for whom
you are contracting hereunder, as follows:



 


		(i)	for internal use with respect to managing the relationships between and contractual obligations
of the Company and you or any beneficial purchaser for whom you are contracting hereunder;



 




    	 	E-2	 



     


    

 


		(ii)	for use and disclosure for income tax related purposes, including without limitation, where required
by law, disclosure to Canada Revenue Agency;



 


		(iii)	disclosure to stock exchanges, securities regulatory authorities and other regulatory bodies with
jurisdiction with respect to listing applications, prospectus filings, reports of trade and similar regulatory filings;



 


		(iv)	disclosure to a governmental or other authority to which the disclosure is required by court order
or subpoena compelling such disclosure and where there is no reasonable alternative to such disclosure;



 


		(v)	disclosure to professional advisers of the Company in connection with the performance of their
professional services;



 


		(vi)	disclosure to any person where such disclosure is necessary for legitimate business reasons and
is made with your prior written consent;



 


		(vii)	by including it in closing books relating to the offering contemplated hereby;



 


		(viii)	disclosure to a court determining the rights of the parties under this Agreement; or



 


		(ix)	for use and disclosure as otherwise required or permitted by law.



 


The contact information for the officer
of the Company who can answer questions about the collection of information by the Company is as follows:


 


	Name and Title:	Pat Obara, Chief Financial Officer
	Issuer Name:	Uranium Energy Corp.
	Address:	
        500 North Shoreline Boulevard, Suite 800N

        Corpus Christi, Texas 78401

        USA

	Phone No.:	(361) 888-8235
	E-mail:	pobara@uraniumenergy.com


 




    	 	E-3