Document:

Exhibit
10.44

 

CHANGE OF
CONTROL SEVERANCE AGREEMENT

 

This Change of Control Severance Agreement is
entered into between GENERAL MOLY, INC.,
a Delaware corporation (the “Company”) and Daniel G. Zang (“Employee”)
to be effective as of March 6, 2009 (the “Effective Date”).  Certain capitalized terms used in this
Agreement are defined in Section 4 below.

 

RECITALS

 

A.                                   The Company has
retained Employee to perform services that are important to the long-term
success of the Company.

 

B.                                     The Board of
Directors of the Company believes that it is in the best interests of the
Company and its shareholders to provide Employee with enhanced financial
security and sufficient encouragement to remain with the Company during this
stage of the Company’s operations notwithstanding the employment uncertainties
related to a possible Change of Control of the Company.

 

C.                                     By execution of
this Agreement, Employee and the Company agree that this Agreement contains the
entire agreement between the parties hereto and supersedes all prior agreements
(oral or written), negotiations and discussions between the Company and
Employee regarding the obligations of the Company upon a Change of Control of
the Company.

 

AGREEMENT

 

In consideration of the foregoing and the mutual promises and covenants
set forth below, the parties agree as follows:

 

1.                                       Term of Agreement.  The
term of this Agreement shall commence as of the Effective Date and shall
terminate automatically on the earlier of (a) December 31, 2011 or (b) the
date Employee terminates employment with the Company (the “Term”) unless
the parties, prior to the end of the Term, enter into a written agreement
renewing or extending this Agreement.

 

2.                                       Severance Pay.  If a Change
of Control event occurs, and as a result of the closing of the Change of
Control, or during the one-year period following the closing of the Change of
Control (i) the Company (or its successor) terminates Employee’s
employment without Cause or (ii) Employee terminates employment for Good
Reason during such one-year period, Employee will be entitled to Severance
Pay.  To be entitled to Severance Pay,
Employee must first execute a binding termination release agreement in a form
specified by the Company.  Severance Pay
will be in addition to any accrued but unpaid salary or vacation earned through
the date of Employee’s termination.

 

The amount of Employee’s
Severance Pay will be determined as the sum of (a) an amount equal to two (2) times
Employee’s annual base salary (as in effect immediately prior to the closing of
the Change of Control), plus (b) an amount equal to 100% of Employee’s
target annual bonus for one year (as in effect immediately prior to the closing
of the Change of Control), if any, less applicable withholdings.  In addition, all outstanding stock-based
awards

 

 

granted to Employee prior to the Change of Control shall have their
vesting and exercisability accelerated in full upon the effective date of the
closing of the Change of Control regardless of whether Employee has terminated
employment.

 

3.                                       Time and Form of Payment. 
The Severance Pay shall be paid in a lump sum, on a date determined by
the Company (or its successor), provided the release has been executed and is
effective and non-revocable, within 60 days following Employee’s separation
from service, except as required by Section 5(a).

 

4.                                       Certain Definitions.  For purposes of this Agreement the following
terms shall have the following meanings:

 

(a)                                  “Cause” means, unless otherwise
expressly defined in an employment or other agreement between the Company and
Employee, a willful failure to perform Employee’s duties, insubordination,
theft, dishonesty (as such terms are defined by the Company in good faith),
conviction of a felony or any other willful conduct that is materially
detrimental to the Company or such other cause as the Company in good faith
reasonably determines provides cause for the discharge of Employee.

 

(b)                                 “Change of Control” means:

 

(1)                                  The acquisition
by any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 50% or more of either (A) the
then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (B) the combined voting power of the
then-outstanding voting securities of the Company entitled to vote generally in
the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that, for
purposes of this paragraph (1), the following acquisitions shall not constitute
a Change of Control:  (i) any
acquisition directly from the Company, (ii) any acquisition by the
Company, or (iii) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any affiliated company; or

 

(2)                                  Consummation of
a reorganization, merger, statutory share exchange or consolidation or similar
corporate transaction involving the Company or the acquisition of assets or
stock of another entity by the Company (each, a “Business Combination”),
in each case unless, following such Business Combination, (A) all or
substantially all of the individuals and entities that were the beneficial
owners of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially
own, directly or indirectly, more than 50% of the then-outstanding shares of
common stock and the combined voting power of the then-outstanding voting
securities entitled to vote generally in the election of directors, as the case
may be, of the corporation resulting from such Business Combination (including,
without limitation, a corporation that, as a result of such transaction, owns
the Company or all or substantially all of the Company’s assets either directly
or through one or more subsidiaries) in substantially the same proportions as
their ownership immediately prior to such Business Combination of the
Outstanding Company Common Stock and the Outstanding Company Voting Securities,
as the case may be, and (B) no Person (excluding any corporation resulting
from such Business Combination or any employee

 

2

 

benefit plan (or related trust) of the Company or such corporation
resulting from such Business Combination) beneficially owns, directly or
indirectly, 50% or more of, respectively, the then-outstanding shares of common
stock of the corporation resulting from such Business Combination or the
combined voting power of the then-outstanding voting securities of such
corporation, except to the extent that such ownership existed prior to the
Business Combination;; or

 

(3)                                  Individuals
who, as of the date hereof, constitute the Board of Directors of the Company
(the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board; provided, however,
that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the Company’s shareholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of
the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; or

 

(4)                                  A sale or
disposition of all or substantially all of the operating assets of the Company
to an unrelated party; or

 

(5)                                  Approval by the
shareholders of the Company of a complete liquidation or dissolution of the
Company.

 

(c)                                  “Good Reason” means a material negative
change in the service relationship as determined in good faith by Employee of
the occurrence of any of the following conditions, without Employee’s express
written consent (i) a material dimunition in Employee’s base compensation;
(ii) a material dimunition in Employee’s authority, duties, or
responsibilities; (iii) a material change of more than 50 miles in the
geographic location at which Employee is required to perform the services; or (iv) any
action or inaction that constitutes a material breach by the Company (or its
successor) of any agreement under which Employee provides services to the
Company (or its successor).  Employee
shall provide written notice of Good Reason to the Company (or its successor)
within 30 days of the initial occurrence of the condition.

 

5.                                       Section 409A; Deferred Compensation.

 

(a)                                  Delay in Payment. 
Notwithstanding anything in this Agreement to the contrary, if Employee
is deemed by the Company (or its successor) be a “specified employee,” the Severance
Pay shall not be paid until the date which is the first business day following
the six-month period after Employee’s separation from service (or if earlier,
Employee’s death).  Such delay in payment
shall only be effected to the extent required to avoid adverse tax treatment to
Employee under Section 409A of the Internal Revenue Code of 1986, as
amended (“Section 409A”). 
Any payment not subject to such delay, shall be paid pursuant to the
time and form of payment specified above. 
Any compensation which would have otherwise been paid during the delay
period shall be paid to Employee (or Employee’s beneficiary or estate) in a
lump sum payment on the first business day following the expiration of the
delay period.

 

3

 

(b)                                 Key Definitions.  For purposes of
the Agreement, the term “termination of employment” shall mean “separation from
service” as defined in Section 409A.

 

(c)                                  Interpretation.  The
parties intend that all payments payable under this Agreement will not be
subject to the additional tax imposed by Section 409A, and the provisions
of this Agreement shall be construed and administered consistent with such
intent.  To the extent such potential
payments could become subject to Section 409A, the Company (or its
successor) and Employee agree to work together to modify the Agreement to the
minimum extent necessary to reasonably comply with the requirements of Section 409A,
provided that the Company (or its successor) shall not be required to pay Employee’s
taxes or additional compensation.

 

6.                                       At-Will Employment.  This
Agreement does not modify Employee’s status as an employee-at-will.  The parties acknowledge that Employee is an
employee-at-will and that Employee’s services may be terminated by the Company
at any time with or without Cause.

 

7.                                       Rights Not Alienable.  Any rights provided to Employee under the
terms of this Agreement shall not be assigned, transferred or alienated, except
by will or pursuant to the laws of descent and distribution.

 

8.                                       Entire Agreement.  This
Agreement contains the entire agreement between the parties hereto and
supersedes all prior agreements (oral or written), negotiations and discussions
between the Company and Employee.

 

9.                                       Amendment.  This
Agreement may only be amended by written agreement of the Company and Employee.

 

10.                                 Governing Law.  This
Agreement shall be administered, interpreted and enforced in accordance with
the substantive laws of the State of Colorado, without regard to its provisions
on conflict of laws.

 

IN WITNESS WHEREOF, the parties have executed this
Agreement on the dates set forth below to be effective as of the Effective
Date.

 

	
   

  	
  GENERAL MOLY, INC.

  
	
   

  	
  The
  Company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  David Chaput

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  	
  March 6,
  2009

  
	
   

  	
   

  
	
   

  	
  EMPLOYEE

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Daniel G. Zang

  
	
   

  	
   

  	
  Daniel
  G. Zang

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
  March 6,
  2009

  

 

4Exhibit 10.45

 

WAIVER
AND RELEASE

 

I.                                         RECITALS

 

A.                                   Andrew J.
Russell (hereinafter referred to as “Employee”) is employed by General Moly, Inc.
(formerly, Idaho General Mines, Inc.) (hereinafter referred to as “Employer.”)  Employee and Employer are desirous of
terminating their employment relationship effective August 1, 2008, in an
amicable manner under the terms of this Waiver and Release.

 

B.                                     This Waiver and
Release sets forth below the terms and conditions of an amicable settlement and
a full accord and satisfaction of all claims and controversies between Employee
and Employer.  Neither party admits to
any wrongful conduct by entering this release, and each party specifically
denies such.

 

C.                                     This Waiver and
Release is executed in conjunction with the termination of Employee’s
employment, but the scope of this Waiver and Release is broader than that.  The parties intend to settle by this Waiver
and Release all matters between them relating to or arising out of events
occurring up to the date of this Waiver and Release, and any and all events
between them during the term of this agreement.

 

D.                                    The parties are
mindful of the “Amended and Restated Employment Agreement,” (“Employment
Agreement”) between the parties, with an effective date of January 30,
2007.  The terms of this Waiver and
Release will be effective and will take priority over the terms of the
Employment Agreement to the extent terms of the Employment Agreement are
inconsistent with the terms of this Waiver and Release.

 

II.                                     COVENANTS

 

A.                                   Employer agrees
to pay Employee $200,000.00, in accordance with the conditions specified in
this Section II.A.:

 

 

1.                                       Employee will
be paid $100,000 upon the date both parties have signed this Waiver and
Release, and Employee has  returned to
Employer all property owned by Employer including by not limited to all
computers, cell phone, credit cards and keys.

 

2.                                       Employee will
be paid $50,000 30 days after the date in II.A.1. above, provided that Employee
has complied with the requirements in II.A.4. below.

 

3.                                       Employee will
be paid $50,000 on December 31, 2008, provided that Employee has complied
with the requirements in II.A.4., below.

 

4.                                       Employee agrees
that he will make his best efforts to assist in the orderly transition of
projects or other matters for which he was responsible at the time of his
resignation.  Employee has provided to
Employer, a Transition Document indicating the projects or matters for which he
was responsible, their status, and any requirements remaining for their
satisfactory completion.  Employee will
also identify any employees in the Company with whom he is working and those
individuals from outside the Company who are participating in the project or
matter.  The parties agree that the aim
of this section is to ensure the orderly continuation of the Company’s
work.  Employee agrees to cooperate with
Company for any clarification requests following submittal of the Transition
Document .  After his resignation from
the Company is effective, Employee also agrees that he will provide the Company
upon its request information or other assistance within the areas of his
responsibilities while employed by the Company. 
Specifically, Employee agrees to perform services for Employer, with
respect to a water rights hearing currently scheduled for October, 2008 (“the
Water Rights Hearing”).  Employee agrees
that he will cooperate fully with Employer’s representatives in all aspects of
the Water Rights Hearing.  Employee also
agrees to use his best efforts to prepare for and assist in the Employer’s preparation
for the Water Rights Hearing, and to provide truthful testimony on areas
currently disclosed by Employer and consistent with the Employer’s position in
its disclosed filings.  Employee further
agrees to assist the Employer’s preparation for the Valenti termination case
and to participate as a witness for Employer in any legal proceedings if
requested without the need for a subpoena. 
If the water rights hearing and the Valenti termination case  extend beyond the time anticipated, and
require assistance by Employee exceeding two (2) weeks of total time, the
parties agree to work toward a mutually agreeable resolution for fair
compensation to

 

2

 

employee.  Employee will be reimbursed for travel and other
expenses directly related to performing any services that are requested for or
on behalf of Employer after the termination of Employee, pursuant to the terms
of this agreement.

 

B.                                     Employee has a
stock option grant to purchase 30,000 shares of common stock in the Company at
a price of $2.10 per share.  These
options are scheduled to vest on August 16, 2008.  Upon the effective date of this agreement,
these options will be fully vested. 
Employee will have one year from his date of termination to exercise
these options, pursuant to the terms of the 2006 Equity Incentive Plan.

 

C.                                     The payments
described in II.A. above, are in settlement of any claims, except any claim
that Employee has for reimbursement for business-related expenses, (which will
be paid in accordance with Employer’s normal corporate reimbursement policies),
and as the entire payment for all claims that might have been brought in any
lawsuit or in any state or federal judicial or administrative forum up to the
date of the execution of this Waiver and Release, including any claims for
attorneys’ fees and costs.  The Employer
shall apply appropriate withholdings against these amounts.

 

D.                                    In
consideration of the payment by Employer to Employee of the sum described in
paragraph II.A., and II.C above, and the stock options provided for in
paragraph II.B., Employee, individually and on behalf of his successors, heirs,
and assigns, hereby forever releases, remises, waives, acquits, and discharges
Employer, together with any and all parent corporations of Employer and their
respective subsidiaries, successors, predecessors, assigns, directors,
officers, shareholders, supervisors, employees, attorneys, agents, insurers,
and representatives, from any and all actions, causes of action, claims,
demands, losses, damages, costs, attorneys’ fees, judgments, liens,
indebtedness, and liabilities whatsoever, known or unknown, suspected or
unsuspected, past or present, arising from or relating or attributable to
Employee’s employment by Employer, the termination of said employment, Employee’s
subsequent search for other employment to the date of this Waiver and Release,
and without limiting the generality of the foregoing, from any and all matters
asserted, or which could have been asserted, in any state or federal judicial
or administrative forum, up to the date of this Waiver and Release,
specifically, but not by way of limitation, including claims under the Fair

 

3

 

Labor Standards Act, as
amended, the National Labor Relations Act, as amended, Title VII of the Civil
Rights Act of 1964, as amended, the Post-Civil War Reconstruction Acts, as
amended, the Age Discrimination in Employment Act, as amended, the Americans
with Disabilities Act, the Rehabilitation Act of 1973, as amended, the Civil
Rights Act of 1991, the Family and Medical Leave Act, the Employee Retirement
Income Security Act of 1974, any state civil rights act, any state statutory
claim, including wage and hour claims, and any claim of wrongful discharge,
tort or contract arising out of the common law of any state.  Employee agrees not to pursue any claims he
may have for pain and suffering, intentional infliction of emotional distress,
or similar claims.  Nevertheless, the
parties agree that Employee is not releasing any claim he has for reimbursement
of business-related expenses, which will be paid in accordance with Employer’s
normal corporate reimbursement policies. 
Likewise Employer on its behalf, and on behalf of any and all parent
corporations, and their respective subsidiary corporations, hereby forever
releases, remises, waives, acquits, and discharges Employee and his successors,
assigns, or agents from any and all actions, causes of action, claims, demands,
losses, damages, costs, attorneys’ fees, judgments, liens, indebtedness, and
liabilities whatsoever, known or unknown, suspected or unsuspected, past or
present, arising from or relating or attributable to Employee’s employment by
Employer, the termination of said employment, Employee’s subsequent search for
other employment to the date of this Waiver and Release, and, without limiting
the generality of the foregoing, specifically from any and all matters asserted
or which could have been asserted in any lawsuit, up to the date of this Waiver
and Release.

 

E.                                      Employee hereby
covenants and warrants that he has not assigned or transferred to any person
any portion of any claims which are released, remised, waived, acquitted, and
discharged in paragraph II.D. above.

 

F.                                      Employee agrees
to waive reinstatement to employment with Employer.

 

G.                                     Employer will
not contest any application Employee makes for unemployment compensation, but
Employer will answer truthfully any questions asked by any agency concerning
Employee and makes no guarantee concerning Employee’s eligibility for
unemployment compensation.

 

4

 

H.                                    Employee
expressly agrees to keep the substance of negotiations and conditions of the
settlement, and the terms and substance of this Waiver and Release, strictly
confidential. With the exception of immediate family, tax advisors, and
attorneys, Employee further agrees that he will not communicate (orally or in
writing) or in any way disclose the substance of negotiations and conditions of
the settlement, and the terms or substance of this Waiver and Release to any
person, judicial or administrative agency or body, business entity or
association, or anyone else, for any reason whatsoever, without the prior
express written consent of Employer, unless compelled to do so by law.  It is understood that Employer may make
disclosure of the terms of this Agreement as may be required by federal or
state law or applicable SEC or stock exchange requirements, and to those with a
business need to know and Employer shall be fully and solely responsible for
the content of the disclosure.  It is
also expressly agreed that this confidentiality provision is an essential
provision of this Waiver and Release.

 

I.                                         Employee
recognizes and restates his agreement to the provisions contained in Section 6
of his Employment Agreement concerning Restrictive Covenants dealing with
Non-Solicitation and Non-Competition.

 

J.                                        Employee
acknowledges that information, observations, and data obtained by Employee,
during his employment with Employer concerning the business or affairs of
Employer, constitute confidential information, are trade secrets, are the
property of Employer, and are essential and confidential components of Employer’s
business.  Employee will not at any time,
either during or after employment with Employer, directly or indirectly
disclose to any person or use any of such information, observations or data,
except as authorized by the Employer’s CEO in writing.

 

K.                                    Immediately
upon termination of Employee’s employment with Employer, Employee will deliver
to Employer all memoranda, notes, plans, records, reports, and other documents
and information provided to Employee by Employer or created by Employee in
connection with Employee’s employment with Employer, and all copies of all such
documents in any form, tangible or electronic, that Employee may then possess
or have under Employee’s control, and will destroy all of such information in
intangible form that is in Employee’s possession or under Employee’s control.

 

5

 

L.                                      Apart from the
payment described in paragraph II.A. above, which Employee will receive upon
the effective date of this Waiver and Release, each party will bear its own
costs and attorneys’ fees.

 

M.                                 This Waiver and
Release sets forth the complete agreement between the parties.  No other covenants or representations have
been made or relied on by the parties, and no other consideration, other than
that set forth herein, is due between the parties.  Specifically, but without limiting the scope
of the foregoing, no payment of money between the parties is due in any way, in
any amount, or on account of any claim, including attorneys’ fees, other than
the sum described in paragraph II.A. above.

 

N.                                    Employee
represents that he has read this Waiver and Release and understands each of its
terms.  Employee further represents that
no representations, promises, agreements, stipulations, or statements have been
made by Employer, or its parent corporation or their respective subsidiaries,
successors, predecessors, assigns, directors, officers, employees,
shareholders, supervisors, agents, attorneys, insurers, or representatives to
induce this settlement, beyond those contained herein.  Employee further represents that he voluntarily
signs this Waiver and Release as his own free act.

 

O.                                    If any
provision of this Waiver and Release should be declared to be unenforceable by
any administrative agency or court of law, the remainder of the Waiver and
Release shall remain in full force and effect, and shall be binding upon the
parties hereto as if the invalidated provision were not part of this Waiver and
Release.

 

P.                                      Colorado law
shall govern the interpretation of this Waiver and Release.

 

Q.                                    This agreement
is entered into by mutual agreement, and, therefore, Employee and Employer both
agree to do their best to preserve and maintain the good reputation of the
other party.  Employee agrees that he
shall not publicly disparage or deprecate Employer, its officers or
employees.  It is expressly understood by
both parties that it would be a violation of this agreement to express orally,
or in writing, or contribute to the dissemination of communications that could
defame or otherwise damage the reputation, value, or assets of the other party.  Employee further agrees that he will make no
public statements concerning the facts

 

6

 

and circumstances
surrounding his employment with Employer, except that he resigned his
employment on terms that were mutually satisfactory to the parties.

 

R.                                     Any dispute
concerning the interpretation of this Waiver and Release, or the parties’
obligations under this Waiver and Release, shall be resolved by final binding
arbitration, under the then-existing rules of the American Arbitration
Association for Resolution of Employment Disputes, in Denver, Colorado.  The arbitrator will be selected pursuant to
the mutual agreement of the parties, and, if the parties are unable to agree,
the arbitrator will be designated by the Chief Judge of the Denver District
Court, State of Colorado (the “Court”). 
Any award rendered by the arbitrator shall be enforced, if necessary, in
the Court.  The arbitrator may award any
relief recognized by Colorado law, which could be awarded by a District Court
of that, including injunctive relief and attorneys’ fees.  The arbitrator shall award reasonable
attorneys’ fees and costs to the prevailing party.

 

S.                                      If a party is
required to initiate an action in court to enforce this Waiver and Release, or to
assert this Waiver and Release as a defense to an action initiated by the other
party, the prevailing party shall be entitled to its costs and attorneys’ fees
from the other party, to the extent such costs and fees are related to the
enforcement of this Waiver and Release or the assertion of it as a defense.

 

T.                                     Employer and
Employee agree that for all purposes, without limitation, including but not
limited to Employee’s entitlement to salary or any benefits of employment with
Employer, Employee’s final date of employment with Employer shall have been August 1,
2008.  Employer and Employee recognize
that this provision is an indispensable portion of this Waiver and Release and
that it is important consideration for Employer’s promise and other consideration
herein.

 

U.                                    Employee
acknowledges that Employer has not provided any advice or opinion to him
regarding potential tax liability for payments made hereunder.  Employee agrees to indemnify Employer and its
insurers against, and hold them harmless from, any and all claims asserted
against, imposed upon or paid, incurred or suffered by Employer or its
insurers, or any of them, as a result of, arising from, in connection with, or
incident to assertion by any taxing authority of tax liability for the payments
made hereunder.

 

7

 

V.                                     This Waiver and
Release is not intended or written to be used, and it cannot be used, by any
taxpayer for the purpose of avoiding penalties that may be imposed on any
taxpayer by the Internal Revenue Service.

 

W.                                This Waiver and
Release may be executed in identical counterparts, which, when considered
together, shall constitute the entire agreement of the parties.

 

X.                                    Employer
acknowledges and agrees that any future employment and/or business relationship
Employee may engage in with Robert L. Russell are expressly allowed by this
Agreement provided such activities do not violate paragraph 6.2b of the
Employment Agreement.

 

8

 

	
  IN WITNESS THEREOF,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Andrew Russell

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ANDREW
  RUSSELL

  

 

 

	
  STATE
  OF ARIZONA

  	
  )

  	
   

  	
   

  	
   

  
	
   

  	
  )

  	
   ss.

  	
   

  	
   

  
	
  COUNTY
  OF Maricopa

  	
  )

  	
   

  	
   

  	
   

  

 

The
foregoing instrument was acknowledged before me this   01  
day of August, 2008, by Andrew Russell.

 

Witness
my hand and official seal.

 

My
commission expires  10/11/2010.

 

	
  [SEAL]

  	
   

  	
  /s/
  Mary Susan Kennedy

  
	
   

  	
   

  	
  Notary
  Public

  
	
   

  	
   

  	
   

  

 

9

 

	
   

  	
   

  	
  GENERAL
  MOLY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Bruce D. Hansen

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
       Its:
  

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  STATE
  OF ARIZONA

  	
  )

  	
   

  	
   

  	
   

  
	
   

  	
  )

  	
   ss.

  	
   

  	
   

  
	
  COUNTY
  OF Jefferson

  	
  )

  	
   

  	
   

  	
   

  
							

 

The
foregoing instrument was acknowledged before me this   4  
day of August, 2008, by Margaret R. Bausano, as Executive Asst.
for General Moly, Inc..

 

Witness
my hand and official seal.

 

My
commission expires  February 8, 2010.

 

 

	
  [SEAL]

  	
   

  	
  /s/
  Margaret R. Bausano

  
	
   

  	
   

  	
  Notary
  Public

  

 

10

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