Document:

Unassociated Document

    CONFIDENTIAL
      INFORMATION, NONCOMPETITION

    AND
      INVENTION ASSIGNMENT AGREEMENT

     

    In
      consideration of my being employed by HydroGen, L.L.C., any of its affiliates,
      or any of their respective successors or assigns (collectively, the "Company"),
      I agree to the following, intending to be legally bound:

     

    1.  At-Will
      Employment.
      I
      understand and acknowledge that my employment with the Company is for an
      unspecified duration and constitutes "at-will" employment. My employment may
      be
      terminated at any time by either me or the Company, for any or no reason, with
      or without cause or notice.

     

    2.  Best
      Efforts.
      While
      employed by the Company, I shall devote my best efforts, and all of my working
      time and attention to the interests of the Company, shall faithfully perform
      all
      duties from time to time assigned to me and shall conform to all of the
      Company’s requirements for proper business conduct.

     

    3.  Confidential
      Information.

     

    (a)  Company
      Information.
      I agree
      at all times during the term of my employment and thereafter, to hold in
      strictest confidence, and not to use, except for the benefit of the Company,
      any
      Confidential Information of the Company. I understand that "Confidential
      Information" means any Company proprietary or confidential information,
      technical data, trade secrets or know-how, including, but not limited to,
      research, product plans, products, services, customer lists and customers
      (including, but not limited to, customers of the Company on whom I call or
      with
      whom I become acquainted during the term of my employment), customer contacts,
      customer purchasing practices, markets, software, developments, inventions,
      processes, formulas, technology, designs, drawings, engineering, marketing,
      distribution and sales methods and systems, sales and profit figures, finances,
      personnel information including but not limited to regarding compensation,
      skills and duties, and other business information that I learn of, obtain,
      or
      that is disclosed to me during the course of my employment, either directly
      or
      indirectly, in writing, orally or by drawings or inspection of documents or
      other tangible property. However, Confidential Information does not include
      any
      of the foregoing items which has been made generally available to the public
      and
      become publicly known through no wrongful act of mine. 

     

    (b)  Former
      Employer Information.
      I agree
      that I will not, during my employment with the Company, improperly use or
      disclose any proprietary information or trade secrets of any former or
      concurrent employer or other person or entity, if any, with whom I have an
      agreement or duty to keep such information or secrets confidential, if any,
      and
      that I will not bring onto the premises of the Company any unpublished document
      or proprietary information belonging to any such employer, person or entity
      unless consented to in writing by such employer, person or entity.

     

    (c)  Third
      Party Information.
      I
      recognize that the Company has received and in the future will receive from
      third parties (including customers of the Company) their confidential or
      proprietary information subject to a duty on the Company's part to maintain
      the
      confidentiality of such information and to use it only for certain limited
      purposes. I agree to hold all such confidential or proprietary information
      in
      the strictest confidence and not to disclose it to any person or entity or
      to
      use it except as necessary in carrying out my work for the Company, consistent
      with the Company's agreement with such third party.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.  Inventions.

     

    (a)  Inventions
      Retained and Licensed.
      I have
      attached hereto, as Attachment "A", a list describing all inventions, original
      works of authorship, developments, improvements, and trade secrets which were
      made by me prior to my employment with the Company (collectively referred to
      as
      "Prior Inventions"), which belong to me, which relate to the Company's proposed
      business, products or research and development, and which are not assigned
      to
      the Company hereunder; or, if no such list is attached, I represent that there
      are no such Prior Inventions. If in the course of my employment with the
      Company, I incorporate into a Company product, process or machine a Prior
      Invention owned by me or in which I have an interest, the Company is hereby
      granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual,
      worldwide license to make, have made, modify, use and sell such Prior Invention
      as part of or in connection with such product, process or machine.

     

    (b)  Assignment
      of Inventions.
      I agree
      that I will promptly make full written disclosure to the Company, will hold
      in
      trust for the sole right and benefit of the Company, and hereby assign to the
      Company, or its designee, all my right, title, and interest in and to any and
      all inventions, original works of authorship, developments, concepts,
      improvements or trade secrets, whether or not patentable or registrable under
      copyright or similar laws, which I may solely or jointly conceive or develop
      or
      reduce to practice, or cause to be conceived or developed or reduced to
      practice, from the date my employment with the Company commenced until my
      cessation of employment with the Company (collectively referred to as
      "Inventions"), including any and all intellectual property rights inherent
      in
      the Inventions and appurtenant thereto including, without limitation, all patent
      rights, copyrights, trademarks, know-how and trade secrets (collectively
      referred to as "Intellectual Property Rights"). I further acknowledge that
      all
      original works of authorship which are made by me (solely or jointly with
      others) within the scope of my employment and which are protectable by copyright
      are "works made for hire," as that term is defined in the United States
      Copyright Act.

     

    (c)  Maintenance
      of Records.
      I agree
      to keep and maintain adequate and current records of all Inventions made by
      me
      (solely or jointly with others) during the term of my employment with the
      Company. The records will be in the form of notes, sketches, drawings, and
      any
      other format that may be specified by the Company. The records will be available
      to and remain the sole property of the Company at all times.

     

    (d)  Patent
      and Copyright Registrations.
      I agree
      to assist the Company, or its designee, at the Company's expense, in every
      proper way to secure the Company's rights in the Inventions and any Intellectual
      Property Rights related thereto in any and all countries, including the
      disclosure to the Company of all pertinent information and data with respect
      thereto, the execution of all applications, specifications, oaths, assignments
      and all other instruments which the Company shall deem necessary in order to
      apply for and obtain such rights and in order to assign and convey to the
      Company the sole and exclusive right, title and interest in and to such
      Inventions and any Intellectual Property Rights relating thereto. I further
      agree that my obligation to execute or cause to be executed, when it is in
      my
      power to do so, any such instrument or papers shall continue after the
      termination of this Agreement. If the Company is unable because of my mental
      or
      physical incapacity or for any other reason to secure my signature to apply
      for
      or to pursue any application for any United States or foreign Intellectual
      Property Right covering Inventions assigned to the Company as above, then I
      hereby irrevocably designate and appoint Company and its duly authorized
      officers and agents as my agent and attorney in fact, to act for and in my
      behalf and stead to execute and file any such applications and to do all other
      lawfully permitted acts to further the prosecution and issuance of letters
      patent, or copyright, trademark or other registrations thereon with the same
      legal force and effect as if executed by me.

     

    
      
        
        

      

      
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    5.  Noncompetition,
      Nonsolicitation, Etc.

     

    (a)  During
      my
      employment with the Company and for the periods set forth below after the
      termination of my employment with Corporation for any reason whatsoever, I
      shall
      not, directly or indirectly:

     

    (i)  a
      period
      of eighteen (18) months after such termination, on my own behalf or in the
      service or on behalf of others, solicit, encourage, recruit or attempt to
      persuade any person to terminate such person's employment with the Company,
      whether or not such person is a full-time employee or whether or not such
      employment is pursuant to a written agreement or is at-will.

     

    (ii)  for
      a
      period of one (1) year after such termination, employ or establish a business
      relationship with, or encourage or assist any person or entity to employ or
      establish a business relationship with, any individual who was employed by
      the
      Company during the preceding twelve month period in the design, development,
      invention, implementation, application, manufacture, production, marketing,
      sale
      or license of medium and high temperature fuel cell power plants for
      applications greater than 1MW.

     

    (iii)  for
      a
      period of one (1) year after such termination, direct or do any act or thing
      which may interfere with or adversely affect the relationship (contractual
      or
      otherwise) of the Company with any person or entity that is a Customer,
      Prospective Customer, vendor or contractor of the Company, or otherwise induce
      or attempt to induce any such person or entity to cease doing business, reduce
      or otherwise limit its business with the Company.

     

    (iv)  for
      a
      period of one (1) year from such termination, solicit business from any Customer
      or Prospective Customer, or do business with any Customer of the Company in
      the
      design, development, invention, implementation, application, manufacture,
      production, marketing, sale or license of medium and high temperature fuel
      cell
      power plants for applications greater than 1MW.

     

    (v)  for
      a
      period of one (1) year after such termination, directly or indirectly, engage
      in
      or be associated with (as a principal, agent, consultant, partner, director,
      officer, employee, stockholder, investor or otherwise) any person or entity
      that
      directly or indirectly, engages in or plans to engage in, the design,
      development, invention, implementation, application, manufacture, production,
      marketing, sale or license of medium and high temperature fuel cell power plants
      for applications greater than 1MW. I am prohibited from engaging in or being
      associated with (as described above) any person or entity that engages in or
      plans to engage in the activities described in this subsection (v) in any state
      in the continental United States, the United Kingdom, the Netherlands, Germany,
      France, Belgium, Switzerland, Austria and Italy, as well as in any other state
      or foreign country in which the Company does business or is planning to do
      business. 

     

    
      
        
        

      

      
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    (b)  For
      purposes of subparagraph (a) above, (i) "Customer" shall mean those persons
      or entities for whom or which the Company performed services or to whom or
      which
      the Company sold or licensed its products, during the twelve months preceding
      the cessation of my employment, and (ii) "Prospective Customer" shall mean
      persons or entities whose business was solicited by the Company during the
      twelve months preceding the cessation of my employment.

     

    (c)  I
      acknowledge and agree that (i) the Company does business and/or plans to conduct
      business throughout the continental Unites States and in Western Europe, (ii)
      the Confidential Information that I learn of, obtain, or that is disclosed
      to me
      during the course of my employment, is capable of being used anywhere in the
      world to compete against the Company in the markets in which it does business
      and/or plans to conduct business; (iii) the covenants set forth in Sections
      3,
      4, 5 and 6 of this Agreement are reasonable and necessary in order to protect
      the legitimate interests of the Company and I am receiving adequate
      consideration hereunder; (iv) the Company will not have any adequate remedy
      at
      law if I violate the terms hereof or fails to perform any of my obligations
      under Sections 3, 4, 5 and 6 of this Agreement; and (v) the Company shall have
      the right, in addition to any other rights either may have under applicable
      law,
      to obtain from any court of competent jurisdiction preliminary and permanent
      injunctive relief to restrain any breach or threatened breach of, or otherwise
      to specifically enforce any such covenant or any other obligations of Employee
      under this Sections 3, 4, 5 and 6 of this Agreement, as well as to obtain
      damages and an equitable accounting of all earnings, profits and other benefits
      arising from such violation, which rights shall be cumulative and in addition
      to
      any other rights or remedies to which the Company may be entitled.

     

    (d)  If
      the
      period of time or scope of any restriction set forth in this Agreement should
      be
      adjudged unreasonable in any proceeding, then the period of time shall be
      reduced by such number of months or the scope of the restriction shall be
      modified, or both, by a court of competent jurisdiction so that such
      restrictions may be enforceable for such time and in the manner to the fullest
      extent adjudged to be reasonable. If I violate any of the restrictions contained
      in subparagraph (a) above, then the restrictive period shall not run in my
      favor
      from the time of the commencement of any such violation until such time as
      such
      violation shall be cured by me.

     

    6.  Returning
      Company Documents and Property.
      I agree
      that, at the time of leaving the employ of the Company, or earlier upon request,
      I will deliver to the Company (and will not keep in my possession or deliver
      to
      anyone else) any and all records, data, notes, reports, information, proposals,
      lists, correspondence, emails, specifications, drawings, blueprints, sketches,
      materials, other documents, or reproductions or copies (including but not
      limited to on computer discs or drives) of any aforementioned items either
      developed by me pursuant to my employment with the Company or otherwise relating
      to the business of the Company, retaining neither copies nor excerpts thereof.
      I
      also agree that, at the time of leaving the employ of the Company, or earlier
      upon request, I will deliver to the Company all Company property in my
      possession, including cell phones, computers, computer discs, drives and other
      equipment or devices and that if I fail to do so the Company may withhold from
      my compensation the replacement cost of Company property I have not returned.
      I
      agree to sign and deliver to the Company the Company's form of "Termination
      Certification" certifying my compliance with this Section 5. 

     

    
      
        
        

      

      
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    7.  Arbitration
      and Equitable Relief.

     

    (a)  Arbitration.
      In
      order to obtain the many benefits of arbitration over court proceedings,
      including speed of resolution, lower costs and fees and more flexible rules
      of
      evidence, I agree that all disputes (except those relating to unemployment
      compensation or workers compensation, and except as provided in paragraph 7(b)
      below) arising out of my employment or concerning the interpretation or
      application of this Agreement or its subject matter (including without
      limitation those relating to workplace discrimination and/or harassment on
      any
      basis, whatsoever, including but not limited to age, race, sex, religion,
      national origin, disability or perceived disability, as well as any claimed
      violation of any federal, state or local law, regulation or ordinance, such
      as
      Title VII of the Civil Rights Act, the Age Discrimination in Employment Act,
      the
      Americans with Disabilities Act and their state and local counterparts, if
      any,
      including but not limited to any claims of retaliation thereunder) shall be
      resolved exclusively by binding arbitration at a location in reasonable
      proximity to my last place of employment with the Company, pursuant to the
      National Rules for the Resolution of Employment Disputes of the American
      Arbitration Association. The
      parties expressly waive their rights to have any such claim resolved by jury
      trial. The Company shall bear the cost of the Arbitrator's fee. The Company
      shall initially bear its filing fees, as well as my filing fees in excess of
      $75.00 upon my written request to the Company's President. The decision, in
      the
      Arbitrator's discretion, may award all or some of my or the Company's attorneys
      fees and costs, including filing fees, in addition to any such awards required
      by law. Arbitration must be demanded within three hundred (300) days of the
      time
      when the demanding party knows or should know of the events giving rise to
      the
      claim. The decision of the Arbitrator shall be in writing and set forth the
      findings and conclusions upon which the decision is based. Notwithstanding
      the
      foregoing, the requirement to arbitrate does not apply to the filing of a claim
      with a federal, state or local administrative agency. The decision of the
      Arbitrator shall be final and binding and may be enforced under the terms of
      the
      Federal Arbitration Act (9 U.S.C. Section 1 et seq.), but may in addition be
      set
      aside or modified by a reviewing court in the event of a material error of
      law.
      Judgment upon the award may be entered, confirmed and enforced in any federal
      or
      state court of competent jurisdiction.

     

    (b)  Equitable
      Remedies.
      I agree
      that it would be impossible or inadequate to measure and calculate the Company's
      damages from any breach of the covenants set forth in Sections 2, 3, 5 and
      6 of
      this Agreement. Accordingly, I agree that if I breach or threaten to breach
      any
      of such covenants, the Company will have available, in addition to any other
      right or remedy available, the right to obtain injunctive and equitable relief
      of any type from a court of competent jurisdiction, including but not limited
      to
      restraining such breach or threatened breach and to specific performance of
      any
      such provision of this Agreement. I further agree that no bond or other security
      shall be required in obtaining such equitable relief and I hereby consent to
      the
      issuance of such injunction and to the ordering of specific
      performance.

     

    
      
        
        

      

      
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    8.  General
      Provisions.

     

    (a)  Governing
      Law and Forum.
      This
      Agreement shall be governed by and interpreted in accordance with the laws
      of
      Pennsylvania, the location of the Company's headquarters, where this Agreement
      shall be entered into, without giving effect to any conflict of laws provisions.
      Any
      court
      action instituted by me or on my behalf relating in any way to this Agreement
      or
      my employment with the Company shall be filed exclusively in federal or state
      court in the County of Allegheny, State of Pennsylvania and I consent to the
      jurisdiction and venue of these courts in any action instituted by the Company
      against me. 

     

    (b)  Entire
      Agreement.
      This
      Agreement and the Offer of Employment Letter, set forth the entire agreement
      and
      understanding between the Company and me, and merges all prior discussions
      between us. No modification of or amendment to this Agreement, nor any waiver
      of
      any rights under this agreement, will be effective unless in writing signed
      by
      me and the Company’s Chief Executive Officer, President or Chief Operating
      Officer. Any subsequent change or changes in my duties, salary or compensation
      will not affect the validity or scope of this Agreement.

     

    (c)  Severability.
      If any
      provision of this Agreement or application thereof to anyone or under any
      circumstances is adjudicated to be invalid or unenforceable by an arbitrator
      or
      court of competent jurisdiction, such invalidity or unenforceability shall
      not
      affect any other provision or application of this Agreement which can be given
      effect without the invalid or unenforceable provision or application and shall
      not invalidate or render unenforceable such provision or application in any
      other jurisdiction.

     

    (d)  Successors
      and Assigns.
      This
      Agreement will be binding upon my heirs, executors, administrators and other
      legal representatives and may be assigned by the Company and its successors
      without my consent.

     

    9.  Representations
      and Warranties.
      I
      represent and warrant that I am not under any obligations to any third party
      which prohibits, restricts or could interfere in any way with the performance
      of
      my duties as an employee of the Company and that my employment with Company
      will
      not breach any agreement by which I am bound, including, without limitation,
      with any of my former employers. I represent and warrant that there are no
      legal
      or contractual impediments to me being able to fully undertake any work on
      behalf of the Company, including but not limited to agreements not to compete.
      Any and all agreements I have entered into either with any former employers
      or
      which could apply in any way to my activities during my employment with the
      Company are listed in attachment "B" to this Agreement. 

     

    10.  Employee
      Acknowledgement.
      I
      acknowledge and agree (i) that I have had the opportunity to consult with
      independent counsel of my own choice concerning this Agreement and has been
      advised to do so by the Company, and (ii) that I have read and understand
      the Agreement, am fully aware of its legal effect, and have entered into it
      freely based on my own judgment.

     

    
      
        
        

      

      
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    Date:
      11/10/07

     

    /s/
      John J. Freeh

    Signature

     

    John
      J. Freeh

    Name
      of
      Employee (typed or printed)

     

    /s/
      Christopher J. Garofalo

    Witness

     

    
      
        
        

      

      
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    ATTACHMENT
      A

     

    
      
        
        

      

      
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    ATTACHMENT
      B

     

    
      
        
        

      

      
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          9
          -Unassociated Document

    US
      URANIUM INC.

     

    RESTRICTED
      STOCK PURCHASE AGREEMENT 

     

     

    THIS
      RESTRICTED STOCK PURCHASE AGREEMENT is made as of November 12, 2007 by and
      between US Uranium Inc., a Nevada corporation (the “Company”), and James D.
      Davidson (the “Purchaser”). 

     

     

    A.  The
      Company wishes to retain the Purchaser as its President and Chief Executive
      Officer and as a director, and the Purchaser is willing to serve in such
      capacities.

     

     

    B.  The
      Purchaser has previously made advances to, and incurred expenses on behalf
      of,
      the Company, which advance and expenses (collectively, the “Loan”) exceeded
      $31,000.00 in aggregate principal amount.

     

     

    C.  The
      Company is willing to issue shares of its common stock, $0.001 par value per
      share (“Common Stock”), to the Purchaser in repayment of the Loan.

     

     

    Now,
      therefore, the parties agree as follows: 

     

    1.  Sale
      of Stock.
      The
      Company hereby agrees to sell to the Purchaser and the Purchaser hereby agrees
      to purchase an aggregate of 31,000,000 shares of Common Stock (the “Shares”),
      for an aggregate purchase price of $31,000. 

     

    2.  Payment
      of Purchase Price. The
      issuance of the Shares shall be deemed repayment in full of the Loan, and the
      parties acknowledge that the purchase price for the Shares has been paid in
      full
      by virtue of such repayment of the Loan. 

     

    3.  Repurchase
      Option. In
      the
      event of any voluntary or involuntary termination of the Purchaser’s services to
      the Company for any or no reason before all of the Shares are released from
      the
      Company’s Repurchase Option (as defined below), the Company shall, upon the date
      of such termination (as reasonably fixed and determined by the Company), have
      an
      irrevocable, exclusive option, but not the obligation, for a period of 90 days
      from such date to repurchase all or any portion of the Unreleased Shares (as
      defined below in Section 4) at such time (the “Repurchase Option”) at the
      original purchase price per share, payable in cash (the “Repurchase Price”). The
      Repurchase Option shall be exercisable by the Company by written notice to
      the
      Purchaser or the Purchaser’s executor (with a copy to the Escrow Holder, as
      defined below in Section 6) and shall be exercisable, at the Company’s option,
      (i) by delivery to the Purchaser or the Purchaser’s executor with such
      notice of a check in the amount of the purchase price for the Shares being
      repurchased, or (ii) by cancellation by the Company of an amount of the
      Purchaser’s indebtedness, if any, to the Company equal to the purchase price for
      the Shares being repurchased, or (iii) by a combination of (i) and
      (ii) so that the combined payment and cancellation of indebtedness equals
      the Repurchase Price times the number of shares to be repurchased (the
“Aggregate Repurchase Price”). Upon delivery of such notice and the payment of
      the Aggregate Repurchase Price in any of the ways described above, the Company
      shall become the legal and beneficial owner of the Shares being repurchased
      and
      all rights and interests therein or relating thereto, and the Company shall
      have
      the right to retain and transfer to its own name the number of Shares being
      repurchased by the Company. The Repurchase Option set forth in this Section
      may
      be assigned by the Company in whole or in part in its sole and unfettered
      discretion. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.  Release
      of Shares from Repurchase Option.  

     

    a.  The
      Shares shall be released from the Company’s Repurchase Option pursuant to the
      following schedule: 

     

    i.  10,333,333
      Shares shall be released from the Company’s Repurchase Option on December 31,
      2008;

     

    ii.  10,333,333
      Shares shall be released from the Company’s Repurchase Option on December 31,
      2009; and

     

    iii.  10,333,334
      Shares shall be released from the Company’s Repurchase Option on December 31,
      2010.

     

    b.  Any
      of
      the Shares which, from time to time, have not yet been released from the
      Repurchase Option are referred to herein as “Unreleased Shares.” 

     

    5.  Restriction
      on Transfer.  The
      sale, transfer, assignment, pledge, hypothecatation, gift or other disposition
      by any means (“Transfer”) (other than upon the Purchaser’s death pursuant to the
      Purchaser’s will or the laws of descent and distribution) of any Unreleased
      Shares is prohibited, and any such purported Transfer shall be void and shall
      be
      given no force or effect. Following the lapse of the Company’s Repurchase Option
      with respect to Shares, such Shares shall continue to remain subject to any
      restrictions on transfer imposed by applicable state and federal securities
      laws.

     

    6.  Escrow
      of Shares.  

     

    a.  To
      ensure
      the performance of the Purchaser’s obligations hereunder, the Purchaser hereby
      appoints the Secretary of the Company (or such Secretary’s designee) (the
“Secretary”) as escrow agent for the Unreleased Shares and as the Purchaser’s
      attorney-in-fact to sell, assign and transfer to the Company, all of the Shares
      which the Company may repurchase pursuant to its exercise of the Repurchase
      Option. Upon execution of this Agreement, the Purchaser shall duly endorse
      and
      deliver to the Secretary in blank the stock power attached hereto, medallion
      signature guaranteed. Promptly following execution of this Agreement, the share
      certificates representing the Unreleased Shares shall be delivered to the
      Secretary. The Unreleased Shares and the stock power shall be held by the
      Secretary in escrow, until the earlier of (i) the closing of the exercise by
      the
      Company of the Repurchase Option with respect thereto, or (ii) subject to the
      proviso set forth in the following sentence, the vesting of Unreleased Shares
      in
      accordance with the vesting schedule set forth in Section 4 of this Agreement.
      The Secretary shall release or cause the release of Shares from the escrow
      established hereunder as such Shares vest pursuant to the vesting schedule;
      provided, however, that the Secretary shall have the discretion to effect such
      release in the manner he deems appropriate, and shall have no obligation to
      deliver certificates for Shares which have vested at any particular time or
      more
      frequently than once every year. Upon any such release, and as a condition
      thereto, the Purchaser shall deliver to the Secretary in accordance with this
      Section 3(a), any replacement certificates representing Unreleased Shares,
      with
      a stock power duly endorsed in blank, medallion signature guaranteed, to
      represent the continuing escrow of such Unvested Shares in accordance
      herewith.

     

    
      
         

      

      
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    b.  Neither
      the Company nor any of its officers, directors, employees or agents, shall
      be
      liable for any act it or any of them may do or omit to do with respect to
      holding or releasing the Shares which are subject to the escrow provisions
      hereof. 

     

    c.  This
      Agreement shall not affect in any way the ownership, voting rights or other
      rights or duties of the Purchaser relating to the Shares, except as specifically
      provided in this Agreement.

     

    7.  Investment
      Representations.  In
      connection with the purchase of the Shares, the Purchaser represents to the
      Company the following: 

     

    a.  The
      Purchaser is aware of the Company’s business affairs and financial condition and
      has acquired sufficient information about the Company to reach an informed
      and
      knowledgeable decision to acquire the Shares. The Purchaser is purchasing the
      Shares for investment for the Purchaser’s own account only and not with a view
      to, or for resale in connection with, any “distribution” thereof within the
      meaning of the Securities Act of 1933, as amended (the “Securities Act”).

     

    b.  The
      Purchaser understands that the Shares have not been registered under the
      Securities Act by reason of a specific exemption therefrom, which exemption
      depends upon, among other things, the bona fide nature of the Purchaser’s
      investment intent as expressed herein. In this connection, the Purchaser
      understands that, in view of the Securities and Exchange Commission (the “SEC”),
      the statutory basis for such exemption may not be present if the Purchaser’s
      representations meant that the Purchaser’s present intention was to hold the
      Shares for a minimum capital gains period under applicable tax statutes, for
      a
      deferred sale, for a market rise, for a sale if the market does not rise, or
      for
      a year or any other fixed period in the future. 

     

    c.  The
      Purchaser further acknowledges and understands that the Shares must be held
      indefinitely unless they are subsequently registered under the Securities Act
      or
      an exemption from such registration is available. The Purchaser further
      acknowledges and understands that the Company is under no obligation to register
      the Shares. The Purchaser understands that the certificate evidencing the Shares
      will be imprinted with a legend which prohibits the transfer of the Shares
      unless they are registered or such registration is not required in the opinion
      of counsel satisfactory to the Company. 

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    8.  Stock
      Certificate Legends.  The
      share certificate evidencing the Shares issued hereunder shall be endorsed
      with
      the following legends: 

     

    a.  THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND
      NOT
      WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO
      SUCH
      SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT
      RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
      REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933. 

     

    b.  THE
      SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A REPURCHASE OPTION IN
      FAVOR OF THE COMPANY AND MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS
      OF
      AN AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER, A COPY OF WHICH IS ON
      FILE
      WITH THE SECRETARY OF THE COMPANY. 

     

    c.  Any
      legend required by any applicable state securities laws. 

     

    9.  Market
      Stand-Off Agreement.  The
      Purchaser hereby agrees, if so requested by the managing underwriters or the
      Company in connection with a public offering of the Company’s Common Stock,
      that, without the prior written consent of such managing underwriters, the
      Purchaser will not offer, sell, contract to sell, grant any option to purchase,
      make any short sale or otherwise dispose of, assign any legal or beneficial
      interest in or make a distribution of any capital stock of the Company held
      by
      or on behalf of the Purchaser or beneficially owned by the Purchaser in
      accordance with the rules and regulations of the SEC for a period of up to
      180 days after the date of the final prospectus relating to the Company’s
      initial public offering. 

     

    10.  Adjustment
      for Stock Split.  All
      references to the number of Shares and the purchase price of the Shares in
      this
      Agreement shall be appropriately adjusted to reflect any stock split, reverse
      stock split or stock dividend or other similar change in the Shares which may
      be
      made by the Company after the date of this Agreement. 

     

    11.  Tax
      Consequences.  The
      Purchaser has reviewed with the Purchaser’s own tax advisors the federal, state,
      local and foreign tax consequences of this investment and the transactions
      contemplated by this Agreement. The Purchaser is relying solely on such advisors
      and not on any statements or representations of the Company or any of its
      agents. The Purchaser understands that the Purchaser (and not the Company)
      shall
      be responsible for the Purchaser’s own tax liability that may arise as a result
      of this investment or the transactions contemplated by this Agreement. The
      Purchaser understands that Section 83 of the Internal Revenue Code of 1986,
      as amended (the “Code”), taxes as ordinary income both (i) the difference
      between the fair market value of the Shares when the Company granted the
      Purchaser the right to purchase the Shares and the fair market value of the
      Shares on the date of this Agreement, and (ii) the difference between the
      amount paid for the Shares and the fair market value of the Shares as of the
      date any restrictions on the Shares lapse. In this context, “restriction”
includes the right of the Company to buy back the Shares pursuant to its
      repurchase option. The Purchaser understands that the Purchaser may elect to
      be
      taxed at the time the Shares are purchased rather than when and as the Company’s
      repurchase option or 16(b) period expires by filing an election under
      Section 83(b) of the Code with the I.R.S. within 30 days from the date
      of purchase. 

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    THE
      PURCHASER ACKNOWLEDGES THAT IT IS THE PURCHASER’S SOLE RESPONSIBILITY AND NOT
      THE COMPANY’S TO TIMELY FILE ANY ELECTION UNDER SECTION 83(b), EVEN IF THE
      PURCHASER REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON
      THE
      PURCHASER’S BEHALF. 

     

    12.  General
      Provisions.  

     

    a.  This
      Agreement shall be governed by the laws of the State of New York. This Agreement
      represents the entire agreement between the parties with respect to the purchase
      of the Shares by the Purchaser and may only be modified or amended in writing
      signed by both parties. 

     

    b.  Any
      notice, demand or request required or permitted to be given by either the
      Company or the Purchaser pursuant to the terms of this Agreement shall be in
      writing and shall be deemed given when delivered personally or deposited in
      the
      U.S. mail, First Class with postage prepaid, and addressed to the parties at
      the
      addresses of the parties set forth at the end of this Agreement or such other
      address as a party may request by notifying the other in writing. 

     

    c.  The
      rights and benefits of the Company under this Agreement shall be transferable
      to
      any one or more persons or entities, and all covenants and agreements hereunder
      shall inure to the benefit of, and be enforceable by the Company’s successors
      and assigns. The rights and obligations of the Purchaser under this Agreement
      may only be assigned with the prior written consent of the Company and any
      purported transfer otherwise shall be null and void. 

     

    d.  Either
      party’s failure to enforce any provision or provisions of this Agreement shall
      not in any way be construed as a waiver of any such provision or provisions,
      nor
      prevent that party thereafter from enforcing each and every other provision
      of
      this Agreement. The rights granted both parties herein are cumulative and shall
      not constitute a waiver of either party’s right to assert all other legal
      remedies available to it under the circumstances. 

     

    e.  The
      Purchaser agrees upon request to execute any further documents or instruments
      necessary or desirable to carry out the purposes or intent of this Agreement.
      

     

    f.  THE
      PURCHASER ACKNOWLEDGES AND AGREES THAT THE LAPSING OF THE REPURCHASE OPTION
      PURSUANT TO SECTION 4 HEREOF IS EARNED ONLY BY CONTINUING SERVICE AS AN “AT
      WILL” EMPLOYEE OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED OR
      PURCHASING SHARES HEREUNDER). PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT
      THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE REPURCHASE
      OPTION SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE
      OF CONTINUED ENGAGEMENT AS AN EMPLOYEE FOR SUCH PERIOD, FOR ANY PERIOD, OR
      AT
      ALL, AND SHALL NOT INTERFERE WITH THE COMPANY’S RIGHT TO TERMINATE PURCHASER’S
      EMPLOYMENT AT ANY TIME, WITH OR WITHOUT CAUSE 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    g.  Purchaser
      has reviewed this Agreement in its entirety, has had an opportunity to obtain
      the advice of counsel prior to executing this Agreement and fully understands
      all provisions of this Agreement. 

     

    

     

    [SIGNATURE
      PAGE TO FOLLOW]

     

     

     

     

     

     

     

     

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Restricted Stock Purchase
      Agreement as of the day and year first set forth above.

     

    
      	US
              URANIUM
              INC.	 	 	
              PURCHASER:

            
	a
              Nevada corporation	 	 	 
	 	 	 	 	 
	
              By:

            	/s/ David
              Rector	 	 	/s/ James
              D.
              Davidson
	 	
              
David
              Rector	 	 	
              
James
              D. Davidson
	 	
              Director

            	 	 	 
	 	 	 	 	 
	 	 	 	 
	
              Address:

              6830
                Elm Street

              McLean,
                VA 22101

            	 	 	
              Address:

              7217
                Farm Meadow Court

              McLean,
                VA 22101

            

    

     

     

    
      
         

      

      
        7

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