Document:

Executive Severance and Restrictive Covenant Agreement, dated as of February 13,
2006 (the "Agreement"), between The GSI Group, Inc., a Delaware corporation (the
"Company"),  and  John  W.  Henderson  (the  "Executive").

     The  Company desires to continue to retain the Executive to supply services
to  the  Company, and the Executive desires to continue to provide such services
to  the  Company,  on  the terms and subject to the conditions set forth in this
Agreement.

In consideration of (i) the Executive's agreement to continue to supply services
under  this  Agreement, (ii) the Company's making available to the Executive the
co-investment  opportunity  described  below,  (iii)  the  grant  of  options to
purchase  common stock described herein and (iv) the mutual agreements set forth
below,  the  sufficiency  of  which  is hereby acknowledged, the Company and the
Executive  agree  as  follows:

     SECTION  1.  Employment  Relationship.

     (a)     Employment  by  Company.  The Company hereby employs the Executive,
and  the  Executive hereby agrees to be employed by the Company, in the capacity
indicated  on  Exhibit  A,  and  the  Executive  shall  devote all of his or her
               ----------
business  time,  attention, knowledge and skills and use his or her best efforts
during  the  Employment  Period  (defined  below) to perform services and duties
consistent  with  the  Executive's  title  and position (the "Services") for the
Company  in  accordance with directions given to the Executive from time to time
by  the  reporting  officer  set  forth  on  Exhibit  A.
                                             ----------

(b)     Employment  Period.  The period commencing on the date of this Agreement
and  ending  on  the  date  on which this Agreement is terminated is referred to
herein  as the "Employment Period."  During the Employment Period, the Executive
will  be  an  at-will  employee  of  the Company.  The Employment Period will be
freely  terminable  for  any  reason  by  either  party  at  any  time.

     SECTION  2.  Compensation  and  Benefits.  During  the  Employment  Period:

     (a)     Base  Compensation.  The  Company  will  pay  the  Executive a base
salary  at  the  annual rate as set forth in Exhibit A (as adjusted from time to
                                             ---------
time  by the Company, the "Base Salary") payable in accordance with the standard
policies  of  the  Company.

(b)     Additional  Compensation.  The  Executive  will  be  eligible to receive
discretionary annual performance bonuses as determined by the Board of Directors
of  the  Company  (the  "Board").

(c)     Co-Investment  and  Incentive  Plans.  Simultaneously  herewith,  the
Executive  and  GSI Holdings Corp., a Delaware corporation and the parent of the
Company  ("Holdings"),  are  entering  into  agreements  providing  for  (i) the
co-investment  by  the  Executive  with  Charlesbank  Equity  Fund  V,  Limited
Partnership  and  its affiliates (the "Charlesbank Investors") of the amount set
forth  on  Exhibit  A  to  purchase  common  stock,  $.01 par value (the "Common
           ----------
<PAGE>
Stock"), in Holdings at the same purchase price as the Charlesbank Investors and
(ii) the grant to the Executive of options to purchase shares of Common Stock of
Holdings  under the GSI Holdings Corp. 2005 Management Stock Incentive Plan.  In
addition,  the Executive and the Company are entering into an  agreement setting
forth  the rights and obligations of the Executive with respect to its ownership
of  shares  of  Common  Stock  of the Company. The Executive will be entitled to
participate  in current or future equity incentive plans adopted by the Company.
Such  grants  may  be  awarded  from  time to time in the sole discretion of the
Board.

(d)     Benefit  Plans.  During  the  Employment  Period,  the Executive will be
entitled  to participate in benefit plans and programs maintained by the Company
from time to time and generally made available to its senior executive officers;
provided,  however,  that (i) the Executive's right to participate in such plans
and  programs will not affect the Company's right to amend or terminate any such
plan  and  program, and (ii) the Executive acknowledges that he or she will have
no  vested  rights  under  any such plan or program except as expressly provided
under  the  terms  thereof.

     SECTION  3.  Termination.

     (a)     Cause.    The  Company, at its option, may terminate the Employment
Period  for  Cause,  provided  that  to terminate the Executive's employment for
Cause,  at  least  a majority of the members of the Board must determine in good
faith  that  Cause  has  occurred.  "Cause" means the Executive's (1) indictment
for, conviction of or plea of guilty or nolo contendere to a felony or any crime
involving  moral  turpitude,  fraud,  embezzlement  or  theft,  (2)  breach  of
fiduciary  duties, which breach is not cured within 30 days after written notice
from  the  Company,  or  (3)  gross  negligence  or  willful  misconduct  in the
performance  of the Services, which negligence or misconduct is not cured within
30 days after written notice from the Company.  If the Executive is charged with
a felony, then during the period while such charge or related indictment remains
outstanding  and until finally determined, in the Company's sole discretion, the
Company  may  suspend  the  Executive  without  compensation.

     (ii)     Upon  termination  of  the  Employment  Period  by the Company for
Cause,  (1)  the  Company will pay the Executive's then current Base Salary (but
not  any  bonus) and provide any benefits under the plans in which the Executive
participates  through  the  termination  date,  payable  in  accordance with the
standard  policies of the Company, and (2) with respect to any outstanding stock
options,  restricted  stock  or  other  equity based compensation (collectively,
"Equity  Based  Compensation")  granted by the Company to the Executive, vesting
will cease on all such Equity Based Compensation as of the termination date, all
unvested  Equity  Based  Compensation will be forfeited on the termination date,
and  all  vested  options  and  other  Equity  Based Compensation (with features
similar  to  exercise) will be exercisable only through the termination date and
will  be  forfeited  if  not  exercised  by  such  date.

     (b)     Good  Reason.    The  Executive may terminate the Employment Period
upon  60  days'  prior written notice to the Company for Good Reason (as defined
below) if the basis for such Good Reason is not cured within a reasonable period
of  time  (determined in light of the cure appropriate to the basis of such Good
Reason,  but  in no event less than 15 business days) after the Company receives
written  notice  specifying  the basis of such Good Reason.  "Good Reason" means
<PAGE>
(1) the failure of the Company to pay any amount (in the aggregate over $10,000)
due  to the Executive within 45 days after written notice to the Company of such
failure  (provided  that  if  the  Company  disputes any amount or that any such
amount  is  due,  and pays any undisputed amount, the 45 day cure period will be
tolled  until the resolution of the dispute) or (2) any other material breach by
the  Company  of  any  obligations  owed to the Executive in connection with the
Executive's  employment.

     (ii)     Upon  termination  of  the  Employment Period by the Executive for
Good  Reason,  (1) the Company will pay the Executive's then current Base Salary
(but  not  any bonus) for a period of one year following the date of termination
of employment, provided, that no payment of Base Salary shall be due and payable
to  Executive  during  such  one  year period if such payment would give rise to
adverse tax consequences to Executive under Section 409A of the Internal Revenue
Code  of  1986,  as  amended  (the  "Code"),  and  all  such payments that would
otherwise be payable during such one year period shall become due and payable as
soon  as  practicable  after  the date on which no such adverse tax consequences
under  Section  409A of the Code would be suffered by Executive, (2) the Company
will  provide the Executive with benefits under the plans in which the Executive
participates  through  the  termination  date,  and  (3)  with  respect  to  any
outstanding  Equity  Based Compensation granted by the Company to the Executive,
vesting  will  cease  on  all  unvested  Equity  Based  Compensation  as  of the
termination  date,  all  unvested Equity Based Compensation will be forfeited on
the  termination date and all vested options and other Equity Based Compensation
(with  features  similar  to exercise) will be exercisable for 30 days after the
termination  date  and  will  be  forfeited  if  not  exercised  by  such  date.

(iii)     Upon  termination  of  the  Employment Period by the Executive without
Good  Reason,  (1) the Company will pay the Executive's then current Base Salary
(but  not  any  bonus)  and  provide  any  benefits under the plans in which the
Executive participates through the termination date, and (2) with respect to any
outstanding  Equity  Based Compensation granted by the Company to the Executive,
vesting  will  cease  on  all  unvested  Equity  Based  Compensation  as  of the
termination  date,  all  unvested Equity Based Compensation will be forfeited on
the  termination date and all vested options and other Equity Based Compensation
(with  features  similar  to exercise) will be exercisable for 30 days after the
termination  date  and  will  be  forfeited  if  not  exercised  by  such  date.

     (c)     Without  Cause.    The  Company,  at  its option, may terminate the
Employment  Period  without  Cause  at  any  time.

     (ii)     Upon  termination  of the Employment Period by the Company without
Cause,  (1)  the  Company will pay the Executive's then current Base Salary (but
not  any  bonus)  for  a period of one year following the date of termination of
employment, provided, that no payment of Base Salary shall be due and payable to
Executive during such one year period if such payment would give rise to adverse
tax  consequences  to  Executive  under  Section  409A of the Code, and all such
payments  that  would  otherwise  be  payable  during such one year period shall
become  due  and  payable as soon as practicable after the date on which no such
adverse  tax  consequences  under  Section 409A of the Code would be suffered by
Executive,  (2)  the  Company will provide the Executive with benefits under the
plans  in which the Executive participates through the termination date, and (3)
with respect to any outstanding Equity Based Compensation granted by the Company
to  the  Executive, vesting will cease on all unvested Equity Based Compensation
<PAGE>
as  of  the  termination  date,  all  unvested Equity Based Compensation will be
forfeited  on the termination date and all vested options and other Equity Based
Compensation (with features similar to exercise) will be exercisable for 30 days
after  the termination date and will be forfeited if not exercised by such date.

     (d)     Death or Disability.    If the Executive dies during the Employment
Period,  the  Employment Period will terminate as of the date of the Executive's
death.  If  the  Executive  becomes unable to substantially perform the Services
for  30  consecutive  days,  or  for  shorter periods aggregating 90 days in any
12-month  period, due to a physical or mental disability, whether resulting from
illness, accident or otherwise (each such case, a "Disability"), (1) the Company
may elect to terminate the Employment Period at any time thereafter, and (2) the
Employment  Period  will  terminate  as  of  the  date  of  such  election.  All
disabilities will be certified by a physician acceptable to both the Company and
the  Executive,  or,  if  the  Company  and  the  Executive  cannot agree upon a
physician  within  15  days, by a physician selected by physicians designated by
each of the Company and the Executive.  The Executive's failure to submit to any
physical examination by such physician after such physician has given reasonable
notice  of the time and place of such examination will be conclusive evidence of
the  Executive's  inability  to  perform  his  or  her  duties  hereunder.

     (ii)     Upon  termination  of  the  Employment Period upon the Executive's
death  or Disability, (1) the Company will pay the Executive's then current Base
Salary (but not any bonus) and provide any benefits under the plans in which the
Executive participates through the termination date, and (2) with respect to any
outstanding  Equity  Based Compensation granted by the Company to the Executive,
vesting  on  all  Equity  Based  Compensation will continue for the period of 12
months following the termination date, all of the Executive's vested options and
other  Equity  Based  Compensation  (with  features similar to exercise) will be
exercisable  for  12 months after the termination date and all options and other
Equity  Based  Compensation  (with  features  similar  to  exercise) that remain
unvested or unexercised on the date that is 12 months after the termination date
will  be  forfeited.

     (e)     Termination  of  Obligations.  In  the  event of termination of the
Employment  Period  in  accordance  with  this Section 3, all obligations of the
Company  and  the  Executive under this Agreement will terminate, except for any
amounts  payable  and benefits to be provided by the Company as specifically set
forth in this Section 3; provided, however, that notwithstanding anything to the
contrary  contained in this Agreement, the provisions of Section 4 and Section 5
shall survive such termination in accordance with their respective terms and the
relevant  provisions  of  Section 6 shall survive such termination indefinitely.
In  the  event  of  termination of the Employment Period in accordance with this
Section 3, the Executive agrees to cooperate with the Company in order to ensure
an  orderly  transfer  of  the  Executive's  duties  and  responsibilities.

(f)     Condition.  The  Company  will  not be required to make the payments and
provide  the benefits stated in this Section 3 unless the Executive executes and
delivers  to  the  Company an agreement releasing from all liability (other than
the payments and benefits contemplated by this Agreement and any indemnification
arrangement  of  the Company with respect to the Executive) the Company and each
of  its  parents  and  subsidiaries  and any of their respective past or present
directors,  officers,  employees, shareholders, controlling persons or agents of
<PAGE>
the  Company.  This  agreement  will be in the form normally used by the Company
for  senior  executives  at  the  time.

     SECTION  4.  Confidentiality;  Non-Disclosure.

     (a)       Non-Disclosure  Obligation.  Except  (x)  as  provided  in  this
Section  4(a)  or (y) with the Company's written consent, the Executive will not
disclose any Confidential Information of the Company or any of its affiliates or
subsidiaries  to  any  person,  firm,  corporation,  association or other entity
(other  than  the  Company,  its  affiliates  or  subsidiaries  or  any of their
respective  officers or employees, attorneys, accountants, bank lenders, agents,
advisors or representatives thereof) for any reason or purpose whatsoever (other
than  in the normal course of business on a need-to-know basis after the Company
has received assurances that the confidential or proprietary information will be
kept  confidential), nor will the Executive make use of any such confidential or
proprietary  information  for  his or her own purposes or for the benefit of any
person,  firm, corporation or other entity, except the Company.  As used in this
Section 4, the term "Confidential Information" means all information which is or
becomes  known  to  the  Executive and relates to matters such as trade secrets,
research  and  development  activities,  new  or  prospective  lines of business
(including  analysis  and market research relating to potential expansion of the
business),  books  and  records,  financial  data,  customer  lists,  marketing
techniques,  financing,  credit  policies,  vendor lists, suppliers, purchasers,
potential  business  combinations,  distribution channels, services, procedures,
pricing  information  and private processes as they may exist from time to time;
provided,  however,  that  the  term  Confidential  Information will not include
information  that is or becomes generally available to the public (other than as
a result of a disclosure in violation of this Agreement by the Executive or by a
person  who  received  such  information from the Executive in violation of this
Agreement).

     (ii)     Compulsory  Disclosures.  If the Executive is requested or (in the
opinion of his or her counsel) required by law or judicial order to disclose any
Confidential  Information  (as  defined  above),  the Executive will provide the
Company  with  prompt  notice  of  any  such  request or requirement so that the
Company  may  seek  an appropriate protective order or waiver of the Executive's
compliance  with  the  provisions  of this Section 4(a).  The Executive will not
oppose  any reasonable action by, and will cooperate with, the Company to obtain
an  appropriate  protective  order or other reliable assurance that confidential
treatment  will  be  accorded  to the Confidential Information.  If, failing the
entry  of a protective order or the receipt of a waiver hereunder, the Executive
is, in the opinion of his or her counsel, compelled by law to disclose a portion
of  the  Confidential  Information,  the  Executive may disclose to the relevant
tribunal  without  liability  hereunder  only  that  portion of the Confidential
Information which counsel advises the Executive he or she is legally required to
disclose,  and  each  of the parties hereto agrees to exercise such party's best
efforts to obtain assurance that confidential treatment will be accorded to such
Confidential  Information.

     (b)     Assignment of Inventions.  The Executive agrees that he or she will
promptly  and  fully  disclose  to  the Company all inventions, ideas, software,
trade  secrets  or know-how (whether patentable or copyrightable or not) made or
conceived  by  the  Executive  (either solely or jointly with others) during the
Employment  Period  and  for a period of six months thereafter, and all tangible
<PAGE>
work  product  derived  therefrom  (collectively,  the  "Ideas").  The Executive
agrees that all such Ideas will be and remain the sole and exclusive property of
the  Company.  On  the  request  of  the Company, the Executive will, during and
after  the  term  of  this  Agreement,  without charge to the Company but at the
expense  of the Company, assist the Company in any reasonable way to vest in the
Company,  title to all such Ideas, and to obtain any related patents, trademarks
or  copyrights  in  all  countries  throughout  the  world.  In this regard, the
Executive  will  execute  and deliver any and all documents that the Company may
reasonably  request.

     SECTION  5.  Ongoing  Restrictions  on  Executive's  Activities.

     (a)     General  Effect.  This  Section  uses  the following defined terms:

     "Client"  means  any  client or prospective client of the Group to whom the
Executive  provided  services, or for whom the Executive transacted business, or
whose  identity became known to the Executive in connection with the Executive's
relationship  with  or  employment  by  the  Company.

     "Competitive  Enterprise"  means  any  business  enterprise that either (i)
engages  in  any  material  activity  that  competes  anywhere with any material
activity  in  which  the Group is then engaged or is planning to engage of which
the  Executive  is  aware or (ii) holds a 5% or greater equity, voting or profit
participation  interest  in  any  enterprise  that engages in such a competitive
activity.

      "Group"  means  the  Company and any and all of its parents, subsidiaries,
joint  ventures and affiliated entities as the same may exist from time to time.

     "Post-Employment  Restriction  Period"  means  a  12-month  period  after
termination  of  the  Employment  Period.

     "Solicit"  means  any  direct  or  indirect  communication  of  any  kind,
regardless  of who initiates it, that in any way invites, advises, encourages or
requests  any  person  to  take  or  refrain  from  taking  any  action.

     (b)     Executive's  Importance to the Group and the Effect of this Section
5.  The  Executive  acknowledges  that:

     (i)     In  the  course  of  the  Executive's  involvement  in  the Group's
activities,  the  Executive  has  had  and  will  have  access  to  Confidential
Information  and  the  Group's  client  base  and  will profit from the goodwill
associated  with  the  Group.  In view of the Executive's access to Confidential
Information  and  the  Executive's  importance  to  the  Group, if the Executive
competes  with  the  Group  either during or for some time after the Executive's
employment,  the  Group  will likely suffer significant harm.  In return for the
benefits  the  Executive  will  receive  from  the  Company,  including  without
limitation,  the Executive's co-investment in shares of Common Stock of Holdings
and  stock  option  grant  as described in Section 2(c) above, and to induce the
Company  to  enter  into  this Agreement, and in light of the potential harm the
<PAGE>
Executive  could  cause  the  Company, the Executive agrees to the provisions of
this  Section  5.  The Company would not have entered into this Agreement or the
agreements  described  in  Section 2(c) above to sell stock in Holdings or grant
options  in Holdings to Executive if the Executive did not agree to this Section
5.

(ii)     In light of Section 5(b)(i), if the Executive breaches any provision of
this Section 5, the loss to the Company would be material but the amount of loss
would  be  uncertain  and  not  readily  ascertainable.

(iii)     This  Section 5 limits the Executive's ability to earn a livelihood in
a  Competitive  Enterprise  and the Executive's relationships with Clients.  The
Executive  acknowledges,  however,  that  complying with this Section 5 will not
result  in severe economic hardship for the Executive or the Executive's family.

     (c)     Executive's  Payment  Obligations.

     (i)     If  the  Executive  fails  to comply with this Section 5 during the
Employment  Period  or  the  Post-Employment  Restriction Period, other than any
isolated,  insubstantial  and  inadvertent failure that is not in bad faith, the
Executive  will:

     (1)     forfeit  all  severance  payments  made  or  due  to  the Executive
pursuant  to  Sections  3(b)(ii)  or  3(c)(ii)  of  this  Agreement;

(2)     forfeit all (x) vested and unvested stock options and other Equity Based
Compensation  (with  features  similar  to  exercise)  that have been granted by
Holdings  to  the Executive and not been exercised at the date of determination,
(y)  restricted  stock  and  other  Equity  Based Compensation (without features
similar  to  exercise)  that have been awarded by Holdings and not vested at the
time  of  determination,  and  (z)  amounts  due  and unpaid by Holdings (or any
permitted  assignee  of Holdings' repurchase rights) to the Executive in respect
of  the  repurchase  of  the Executive's shares of Common Stock of Holdings that
exceed  the  lesser  of  cost and fair market value on the termination date; and

(3)     pay  to  the  Company  (or  its  designee) the amount of all gain to the
Executive  within  the  12  months before the date of determination from (w) the
exercise  of  any  options  or  other  Equity  Based Compensation (with features
similar to exercise) that have been granted to the Executive by the Company, (x)
the vesting of any restricted stock and other Equity Based Compensation (without
features  similar  to  exercise)  that  have  been  awarded  by  Holdings to the
Executive,  (y)  the sale of any shares of Common Stock of Holdings to any third
party,  and  (z)  the  repurchase  by  Holdings  (or  any  permitted assignee of
Holdings'  repurchase  rights)  of  the  Executive's  shares  of Common Stock of
Holdings that exceed the lesser of cost and fair market value on the termination
date.

     (ii)     The  Executive  will  pay the Company (or its designee) under this
Section  5(c)  within  30  days of notice by the Company, and the date of notice
will  be  the date of determination for purposes of this Section.  The Executive
will  pay  the  Company  (or  its designee) in cash, and gain will be determined
after  giving effect to any taxes paid or payable by the Executive on such gain.
<PAGE>
The  Executive's  obligations  under  this  Section  5(c)  are  full  recourse
obligations.  The  Company  will  have  the  right  to  offset  the  Executive's
obligations  under  this  Section 5(c) against any amounts otherwise owed to the
Executive  by  any  member  of  the  Group,  including  under  this  Agreement.

     (d)     Non-Competition.  During  the  Employment  Period,  and  for  the
Post-Employment  Restriction  Period,  the  Executive  will  not  directly  or
indirectly:

     (i)     hold  a  5%  or  greater  equity,  voting  or  profit participation
interest  in  a  Competitive  Enterprise;  or

(ii)     associate (including as a director, officer, employee, partner, member,
consultant,  agent  or  advisor) with a Competitive Enterprise and in connection
with  the  Executive's  association  engage, or directly or indirectly manage or
supervise  personnel  engaged,  in  any  activity:
     (1)     that  is  substantially  related to any activity that the Executive
was  engaged  in,

(2)     that  is  substantially  related to any activity for which the Executive
had  direct  or  indirect  managerial  or  supervisory  responsibility,  or

(3)     that  calls  for  the  application  of  specialized  knowledge or skills
substantially  related  to  those  used  by  the  Executive  in  the Executive's
activities;

in  each  case,  for the Group at any time during the year before the end of the
Executive's  employment  (or,  if  earlier,  the  year  before  the  date  of
determination).

     (e)     Non-Solicitation of Clients.  During the Employment Period, and for
the  Post-Employment  Restriction  Period,  the  Executive  will not attempt to:

     (i)     Solicit  any  Client  to  transact  business  with  a  Competitive
Enterprise  or  to  reduce  or  refrain  from doing any business with the Group,

(ii)     transact  business with any Client that would cause the Executive to be
a  Competitive  Enterprise  or to reduce or refrain from doing any business with
the  Group,  or

(iii)     interfere  with  or  damage  any  relationship between the Group and a
Client.

     (f)     Non-Solicitation  of Group Employees.  During the Employment Period
and  for  a  three year period after the termination thereof, the Executive will
not  attempt  to Solicit anyone who is then an employee of the Group (or who was
an  employee  of the Group within the prior six months) to resign from the Group
or  to  apply  for  or  accept  employment  with  any  Competitive  Enterprise.
<PAGE>

(g)     Notice  to  New  Employers.  Before  the Executive either applies for or
accepts  employment  with  any other person or entity while any of Section 5(d),
(e)  or  (f)  is  in effect, the Executive will provide the prospective employer
with  written notice of the provisions of this Section 5 and will deliver a copy
of  the  notice  to  the  Company.

     SECTION  6.  General  Provisions.

     (a)     Enforceability.  It  is the desire and intent of the parties hereto
that  the  provisions  of this Agreement shall be enforced to the fullest extent
permissible  under  the laws and public policies applied in each jurisdiction in
which  enforcement  is  sought.  Accordingly,  although  the  Executive  and the
Company  consider  the restrictions contained in this Agreement to be reasonable
for  the purpose of preserving the Company's goodwill and proprietary rights, if
any  particular  provision of this Agreement shall be determined by any court or
arbitrator  to  be  invalid  or  unenforceable,  such  provision shall be deemed
amended  to  delete  therefrom  the  portion  thus  adjudicated to be invalid or
unenforceable, such deletion to apply only with respect to the operation of such
provision in the particular jurisdiction in which such adjudication is made.  It
is  expressly  understood and agreed that although the Company and the Executive
consider  the  restrictions  contained  in  Section  5  of  this Agreement to be
reasonable,  if  a  final  determination  is  made  by  a  court  of  competent
jurisdiction  or  any  arbitrator  that  the  time  or  territory  or  any other
restriction  contained in this Agreement is unenforceable against the Executive,
the  provisions  of  this  Agreement shall be deemed amended to apply as to such
maximum  time  and  territory  and  to  such  maximum  extent  as  such court or
arbitrator  may  determine  or  indicate  to  be  enforceable.

(b)     Remedies.  The  parties  acknowledge  that  the Company's damages at law
would  be  an inadequate remedy for the breach by the Executive of any provision
of  Section  4  or  Section  5  of this Agreement, and agree in the event of any
actual or threatened breach of Section 4 or 5 of this Agreement that the Company
may  obtain  temporary and permanent injunctive relief restraining the Executive
from  such breach without bond or other security, and, to the extent permissible
under the applicable statutes and rules of procedure, a temporary injunction may
be  granted  immediately  upon  the  commencement  of  any  such  suit.  Nothing
contained herein shall be construed as prohibiting the Company from pursuing any
other  remedies  available at law or equity for such breach or threatened breach
of  Section  4  or  Section  5  of  this  Agreement.

(c)     Withholding.  The  Company  shall  withhold  such  amounts  from  any
compensation  or other benefits payable to the Executive under this Agreement on
account  of  payroll  and  other  taxes  as may be required by applicable law or
regulation  of  any  governmental  authority.

(d)     Assignment.     The  rights  of  the  Company  under this Agreement may,
without  the  consent  of the Executive, be assigned by the Company, in its sole
discretion,  to  any person, firm, corporation or other business entity which at
any  time,  whether  by  purchase,  merger or otherwise, directly or indirectly,
acquires  80%  or  more  of  the  stock, assets or business of the Company. This
Agreement  is  for  the  sole benefit of the parties hereto and their respective
successors  and permitted assigns and not for the benefit of, or enforceable by,
any  third  party,  except  that this Agreement will inure to the benefit of the
Group.
<PAGE>
(e)     Non-Transferability  of Interest. None of the rights of the Executive to
receive  any  form  of  compensation payable pursuant to this Agreement shall be
assignable  or  transferable except through a testamentary disposition or by the
laws  of  descent  and  distribution upon the death of the Executive.  Any other
attempted  assignment, transfer, conveyance or other disposition of any interest
in the rights of the Executive to receive any form of compensation to be made by
the  Company  pursuant  to  this  Agreement  shall  be  void.

(f)     Indemnity.  The  Company  hereby  agrees  to  indemnify  and  hold  the
Executive  harmless  consistent  with  the  Company's policy against any and all
liabilities,  expenses (including attorneys' fees and costs), claims, judgments,
fines,  and  amounts  paid  in  settlement  actually  and reasonably incurred in
connection  with  any  proceeding arising out of the Executive's employment with
the  Company  (whether  civil,  criminal, administrative or investigative, other
than  proceedings  by  or  in  the right of the Company), if with respect to the
actions  at  issue  in the proceeding the Executive acted in good faith and in a
manner  he  or  she  reasonably  believed  to be in, or not opposed to, the best
interests  of  the  Company,  and  (with  respect  to  any  criminal action) the
Executive  had  no  reason  to  believe  his  or her conduct was unlawful.  Said
indemnification arrangement shall (i) survive the termination of this Agreement,
(ii)  apply  to  any  and  all qualifying acts of the Executive which have taken
place  during  any  period  in  which  he  or  she  was employed by the Company,
irrespective  of  the  date of this Agreement or the term hereof, including, but
not limited to, any and all qualifying acts as an officer and/or director of any
affiliate while the Executive is employed by the Company and (iii) be subject to
any  limitations  imposed  from  time  to  time  under  applicable  law.

(g)     Dispute  Resolution;  Attorney's  Fees.  Subject to the Company's rights
under Section 6(b), any dispute, claim or controversy arising out of or relating
to  this  Agreement or the employment relationship, including without limitation
any dispute, claim or controversy concerning validity, enforceability, breach or
termination  hereof or any claims under federal or state law for age, race, sex,
disability  or  other discrimination, shall be finally settled by arbitration in
accordance with the then-prevailing Commercial Arbitration Rules of the American
Arbitration  Association,  as  modified  herein  ("Rules").  There  shall be one
arbitrator  who  shall  be jointly selected by the parties.  If the parties have
not  jointly  agreed  upon  an  arbitrator  within  twenty (20) calendar days of
respondent's  receipt  of  claimant's  notice  of intention to arbitrate, either
party  may  request  the American Arbitration Association to furnish the parties
with  a list of names from which the parties shall jointly select an arbitrator.
If  the parties have not agreed upon an arbitrator within ten (10) calendar days
of  the  transmittal  date of the list, then each party shall have an additional
five  (5)  calendar  days  in  which to strike any names objected to, number the
remaining  names  in  order  of  preference, and return the list to the American
Arbitration  Association,  which  shall  then select an arbitrator in accordance
with Rule 13 of the Rules.  The place of arbitration shall be Chicago, Illinois.
By  agreeing  to  arbitration,  the  parties hereto do not intend to deprive any
court  of  its  jurisdiction  to  issue  a pre-arbitral injunction, pre-arbitral
attachment  or  other  order  in  aid  of arbitration.  The arbitration shall be
governed  by the Federal Arbitration Act, 9 U.S.C. Sec.Sec. 1-16.  Judgment upon
the  award  of  the  arbitrator  may  be  entered  in  any  court  of  competent
jurisdiction.  Each  party  shall  bear its or his own costs and expenses in any
such  arbitration  and  one-half  of  the arbitrator's fees and expenses. If the
arbitration  is  definitively  decided  in  the Executive's favor, the Executive
shall  have  the  right,  in  addition  to  any  other  relief  granted  by such
arbitrator,  to  recover reasonable attorneys' fees; provided, however, that the
<PAGE>
Company  shall  have  the right, in addition to any other relief granted by such
arbitrator,  to  recover  reasonable  attorneys'  fees in the event that a claim
brought  by  the  Executive  is  definitively  decided  in  the Company's favor.

(h)     Acknowledgment.  The  Executive  acknowledges  that  he  or  she has had
adequate  time  to  consider  the  terms  of  this  Agreement, has knowingly and
voluntarily  entered  into this Agreement and has been advised by the Company to
seek  the  advice  of  independent  counsel prior to reaching agreement with the
Company  on  any  of the terms of this Agreement.  The parties to this Agreement
agree that no rule of construction shall apply to this Agreement which construes
ambiguous  language  in  favor of or against any party by reason of that party's
role  in  drafting  this  Agreement.

(i)     Amendments  and  Waivers.  No  modification, amendment or waiver, of any
provision  of,  or  consent  required by, this Agreement, nor any consent to any
departure herefrom, shall be effective unless it is in writing and signed by the
parties  hereto.  Such  modification,  amendment,  waiver  or  consent  shall be
effective  only  in  the  specific instance and for the purpose for which given.

(j)     Notices.  All  notices  or  other  communications  which are required or
permitted  hereunder  shall be in writing and sufficient if delivered personally
or  sent  by  registered  or  certified  mail,  postage  prepaid, return receipt
requested, sent by overnight courier, or sent by facsimile (with confirmation of
receipt),  addressed  as  follows:

If  to  the  Company:

The  GSI  Group,  Inc.
     1004  E.  Illinois  St.
     Assumption,  Illinois  62510
     Attention:  Steve  Basham
     Facsimile:  217-226-6249

with  a  copy  to:

Covington  &  Burling
1330  Avenue  of  the  Americas
New  York,  New  York  10019
Attention:  Scott  F.  Smith
Facsimile:  (212)  841-1010

and:

     Charlesbank  Capital  Partners  LLC
200  Clarendon  Street,  54th  Floor
Boston,  Massachusetts  02116
Attention:  Attention:     Mark  Rosen
                    Tami  Nason
Facsimile:  (617)  619-5402
<PAGE>

If  to  the  Executive,  at  the  address  indicated  on  Exhibit  A.
                                                          ----------
or  at  such  other  address as the party to whom notice is to be given may have
furnished  to the other party in writing in accordance herewith.  If such notice
or  communication  is  mailed,  such  communication shall be deemed to have been
given  on  the fifth business day following the date on which such communication
is  posted.

     (k)     Descriptive  Headings;  Certain  Interpretations.  Descriptive
headings are for convenience only and shall not control or affect the meaning or
construction  of any provision of this Agreement.  Except as otherwise expressly
provided  in  this  Agreement:  (i)  any  reference  in  this  Agreement  to any
agreement,  document  or  instrument  includes  all  permitted  supplements  and
amendments;  (ii) a reference to a law includes any amendment or modification to
such  law  and  any  rules  or  regulations  issued  thereunder; (iii) the words
"include,"  "included" and "including" are not limiting; and (iv) a reference to
a  person  or  entity  includes  its  permitted  successors  and  assigns.

(l)     Counterparts;  Entire  Agreement.  This Agreement may be executed in any
number  of  counterparts, and each such counterpart hereof shall be deemed to be
an  original instrument, but all such counterparts together shall constitute one
agreement.  This Agreement contains the entire agreement between the Company and
the  Executive  with  respect to the transactions contemplated by this Agreement
and  supersedes  all other or prior written or oral agreements or understandings
among  the  parties  with  respect to the Executive's employment by the Company.
The  Company and the Executive hereby agree that the Consulting Agreement, dated
as  of February 3, 2006, between the Company and the Executive, is terminated as
of  the  date  of  this  Agreement.

(m)     GOVERNING  LAW.  THIS  AGREEMENT  SHALL  BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  INTERNAL  LAWS  OF  THE  STATE  OF ILLINOIS REGARDLESS OF
PRINCIPLES  OF  CONFLICTS  OF  LAWS.

<PAGE>

     IN  WITNESS  WHEREOF, the parties hereto have executed this Agreement as of
the  day  and  year  first  written  above.

     The  GSI  Group,  Inc.

By:     /s/  William  Branch
        --------------------
Name:  William  Branch
Title:    Chairman

/s/  John  W.  Henderson
------------------------
John  W.  HendersonSECURITIES PURCHASE AGREEMENT

Exhibit 4.1

SECURITIES PURCHASE AGREEMENT

THIS SECURITIES PURCHASE AGREEMENT (this "Agreement") is made as of this 13th day of February, 2006, by and among Idaho General Mines, Inc., an Idaho corporation (the "Company"), and those purchasers that execute and deliver to the Company a counterpart signature page hereto and are listed on Exhibit A hereto (each a "Purchaser" and collectively, the "Purchasers"). 

WHEREAS, the Company desires to issue and sell to the Purchasers, severally and not jointly, and the Purchasers desire to acquire, severally and not jointly, from the Company Units (“Units”), at a price of $2.00 per Unit, each Unit being comprised of one share (the "Offered Shares") of the Company's common stock ("Common Stock") and a Warrant (the “Warrants”) to purchase one-half of one share of Common Stock (the “Warrant Shares”) on the terms set forth therein, for the consideration specified in Exhibit A hereto (the "Purchase Price"), on the terms and subject to the conditions herein; and

WHEREAS, the Company and the Purchasers desire to set forth certain matters to which they have agreed relating to the Units, the Offered Shares, the Warrants and the Warrant Shares (collectively, the “Securities”) .

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in this Agreement, the parties, intending to be legally bound, agree as follows:

ARTICLE I

ISSUANCE OF SHARES; CLOSING

SECTION 1.1  Purchase and Sale of Securities.  On the terms and subject to the conditions of this Agreement and in reliance upon the representations and warranties of the Company contained herein, each Purchaser agrees to severally purchase from the Company, and the Company agrees to sell to such Purchaser, on the Closing Date (as hereinafter defined) the aggregate number of Units set forth opposite such Purchaser's name on Exhibit A, for the aggregate consideration described on Exhibit A.  

SECTION 1.2  Closing.  The completion of the purchase and sale of the Securities (the "Closing") shall occur at 1:30 p.m. local time at the offices of Preston Gates & Ellis LLP, Seattle, Washington, on February 14, 2006, or at such other location, date and time as may be mutually agreed upon by the Company and the Purchasers purchasing a majority of the Units (such date being referred to herein as the "Closing Date").  Each Purchaser shall pay its respective purchase price for the Units set forth opposite such Purchaser's name on Exhibit A hereto by wire transfer to the account designated by the Company, upon delivery by the Company of the applicable Shares and Warrants, and upon satisfaction of the other conditions to the Closing.  In addition, each party shall deliver all documents, instruments and writings required to be delivered by such party pursuant to this Agreement at or prior to the Closing.  

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

The Company hereby represents and warrants to each Purchaser as follows:

SECTION 2.1  Organization and Standing.  Each of the Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and authority necessary for it to own or lease its properties and assets and to carry on its business as it is now being conducted (and, to the extent described therein, as described in the SEC Reports (as defined in Section 2.5)).  Each of the Company and each of its subsidiaries is duly qualified to transact business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or the nature of its businesses makes such qualification necessary, except where any failure to so qualify or be in good standing, individually or in the aggregate, would not have a material adverse effect on the business, assets, operations, properties or condition (financial or otherwise) of the Company and its subsidiaries, taken as a whole, or on the Company's ability to consummate the transactions contemplated by this Agreement (a "Material Adverse Effect").  

SECTION 2.2  Capitalization.  The authorized capital stock of the Company consists of 200,000,000 shares of Common Stock, and 10,000,000 shares of preferred stock ("Preferred Stock"); the number of outstanding shares of Common Stock and Preferred Stock outstanding on and as of February 9, 2006 is accurately set forth in the Private Placement Memorandum dated February 9, 2006 prepared by the Company in connection with the offering contemplated hereby (the “PPM”).  The Company has no stock option, incentive or similar plan other than plans described in the PPM.  All of the outstanding shares of capital stock of the Company have been duly and validly authorized and issued, and are fully paid and nonassessable.  The Offered Shares and the Warrants have been duly and validly authorized and when issued, sold and delivered by the Company in accordance with this Agreement shall be validly issued, fully paid and nonassessable.  Except as set forth in this Section 2.2 or the PPM, there are no outstanding options, warrants, conversion rights, subscription rights, preemptive rights, rights of first refusal or other rights or agreements of any nature outstanding to subscribe for or to purchase any shares of Common Stock of the Company or any other securities of the Company of any kind binding on the Company.  The issuance by the Company of the Securities is not subject to any preemptive rights, rights of first refusal or other similar limitation or any other claim, lien, charge, encumbrance or security interest applicable to the assets of the Company.  Except as otherwise required by law, there are no restrictions upon the voting or transfer of any shares of Common Stock pursuant to the Company's certificate of incorporation or bylaws.  Except as provided herein or the SEC Reports, there are no agreements or other obligations (contingent or otherwise) that may require the Company to repurchase or otherwise acquire any shares of its Common Stock.

SECTION 2.3  Authorization; Enforceability.  The Company has the corporate power and authority to execute, deliver and perform this Agreement and has taken all necessary corporate action to authorize the execution, delivery and performance by it of, and the consummation of the transactions contemplated by, this Agreement.  No other corporate proceeding on the part of 

the Company is necessary, and no consent of any shareholder of the Company is required, for the valid execution and delivery by the Company of this Agreement, and the performance and consummation by the Company of the transactions contemplated by this Agreement to be performed by the Company.  The Company has duly executed and delivered this Agreement.  Assuming the due execution of this Agreement by each of the Purchasers, this Agreement constitutes a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

SECTION 2.4  No Violation; Consents.  

(a)

The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby to be performed by the Company do not and will not (i) contravene the applicable provisions of any law, statute, rule, regulation, order, writ, injunction, judgment or decree of any court or any federal or state government or political subdivision thereof and any agency or other entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government (a "Governmental Authority") to or by which the Company or any of its subsidiaries or any of its or their respective properties or assets is bound, (ii) violate, result in a breach of or constitute (with due notice or lapse of time or both) a default or give rise to an event of acceleration under any contract, lease, loan or credit agreement, mortgage, security agreement, trust indenture or other agreement or instrument to which the Company is a party or by which it or any of its subsidiaries is bound or to which any of its respective properties or assets is subject, nor result in the creation or imposition of any lien, security interest, charge or encumbrance of any kind upon any of the properties, assets or capital stock of the Company or any of its subsidiaries, or (iii) violate any provision of the organizational and other governing documents of the Company or any of its subsidiaries.

(b)

Subject to the accuracy of the Purchasers’ representations and warranties herein, no consent, approval, authorization or order of, or filing or registration with, any court or Governmental Authority or other person is required to be obtained or made by the Company for the execution, delivery and performance of this Agreement or the consummation of any of the transactions contemplated hereby except for those consents or authorizations previously made or obtained and those filings which are required to be made under federal or state securities laws that, pursuant to such laws, may be made after the date hereof.

SECTION 2.5  SEC Reports; Financial Condition; No Adverse Changes.  1)  The audited financial statements of the Company and the related notes thereto as of December 31, 2004 contained in the SEC Reports and the unaudited financial statements of the Company and the related notes thereto as of March 31, June 30, and September 30, 2005, respectively, contained in the SEC Reports (the "Financial Statements"), present fairly the financial position, results of operations and cash flows of the Company at such date and for the periods set forth therein.  The Financial Statements, including the related schedules and notes thereto, have been prepared in accordance with generally accepted accounting principles in the United States as in effect on the date of filing of such documents with the SEC, applied on a consistent basis unless 

otherwise expressly stated therein except (i) for changes concurred in by the Company's independent public auditors and (ii) that the unaudited Financial Statements omit certain footnote disclosures and year-end adjustments that are expected to occur during the preparation of the year-end financial statements.  Except as disclosed in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004, the Company's Quarterly Reports on Form 10-QSB for the periods ending March 31, 2005, June 30, 2005 and September 30, 2005 and Current Reports on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) since December 31, 2004 (the "SEC Reports"), during the period from December 31, 2004 to and including the date hereof, there has been no sale, transfer or other disposition by the Company of any material part of the business, property or securities of the Company (other than the grant of options and warrants and shares of Common Stock issued upon the exercise of outstanding options and warrants) and no purchase or other acquisition of any business, property or securities by the Company material in relation to the financial condition of the Company. 

(b)

Since December 31, 2004, except as set forth in the SEC Reports, there has been no development or event known to the Company or any of its subsidiaries, or any action of any Governmental Authority known to the Company, that has had or could reasonably be expected to have a Material Adverse Effect.

SECTION 2.6  Securities Laws.  All notices, filings, registrations, or qualifications under state securities or "blue sky" laws, which are required in connection with the offer, issuance, sale and delivery of the Securities pursuant to this Agreement, have been, or will be, completed by the Company.

SECTION 2.7  No Default.  The Company is not, and, immediately after the consummation of the transactions contemplated hereby to be performed by the Company, the Company will not be, in default of (whether upon the passage of time, the giving of notice or both), any term of its charter document or its bylaws or any provision of any security issued by the Company, or of any agreement, instrument or other undertaking to which the Company is a party or by which it or any of its properties or assets is bound, or the applicable provisions of any law, statute, rule, regulation, order, writ, injunction, judgment or decree of any court or Governmental Authority to or by which the Company or any of its properties or assets is bound, which default, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

SECTION 2.8  Intellectual Property.  The Company and its subsidiaries have all licenses, copyrights and trademarks that are needed to conduct the business of the Company and its subsidiaries as it is now being conducted (the “Intellectual Property Rights”).  To the Company's knowledge, the Intellectual Property Rights that the Company (and/or its subsidiaries) owns are valid and enforceable.  To the Company's knowledge, the use of such Intellectual Property Rights by the Company (and/or its subsidiaries) does not infringe upon or conflict with any right of any third party, and, except as disclosed in the SEC Reports, neither the Company nor any of its subsidiaries has received notice, written or otherwise, of any such infringement or conflict other than with respect to alleged infringements or conflicts that, individually or in the aggregate, if determined adversely to the Company would not have a Material Adverse Effect.  The 

Company has no knowledge of any infringement of its Intellectual Property Rights by any third party. 

SECTION 2.9  No Litigation.  Except as disclosed in the SEC Reports, no litigation, proceeding, other action or claim (including those for unpaid taxes), or environmental proceeding against the Company or any of its subsidiaries is pending, or, to the Company's knowledge, threatened or contemplated that, if determined adversely, would have a Material Adverse Effect on the Company.

SECTION 2.10  Permits.  The Company and each of its subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the "Company Permits"), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits except for such Company Permits the failure to possess which, or the cancellation or suspension of which, would not, individually or in the aggregate, have a Material Adverse Effect.  To the knowledge of the Company, neither the Company nor any of its subsidiaries is in material conflict with, or in material default or material violation of, any of the Company Permits.

SECTION 2.11  Subsidiaries.  As of the date hereof, the Company has no subsidiaries other than those set forth in the SEC Reports or those that conduct no active business.

SECTION 2.12  Related Party Transactions.  Except as disclosed in the SEC Reports and for such transactions for which disclosure pursuant to Regulation S-B would not be required in an SEC Report, none of the officers, directors, employees or 5% or greater shareholders of the Company is presently a party to any transaction with the Company or any of its subsidiaries (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or the advances of money or otherwise requiring payments to or from any such officer, director, employee or shareholder or, to the knowledge of the Company, any corporation, partnership, trust or other entity in which any such officer, director, employee or shareholder has a substantial interest or is an officer, director, trustee or partner.

SECTION 2.13  Disclosure.  The representations and warranties of the Company in this Agreement and the statements contained in the SEC Reports (at the time they were filed with the SEC, except as modified by subsequent reports filed by the Company with the SEC), the PPM and the schedules, certificates and exhibits furnished to the Purchasers by or on behalf of the Company in connection herewith did not and do not contain any untrue statement of a material fact and do not omit to state any material fact necessary to make the statements herein or therein not misleading in light of the circumstances under which such statements were made.  The SEC Reports contain all material information concerning the Company required to be set forth therein, and no event or circumstance has occurred or exists since December 31, 2004, that would require the Company to disclose such event or circumstance in order to make the statements in the SEC Reports not materially misleading as of the date of the Closing that has not been so disclosed except for disclosure of the transactions contemplated hereby.  The Company hereby acknowledges that each Purchaser is and will be relying on the SEC Reports , the PPM and the 

Company's representations, warranties and covenants contained herein in making an investment decision with respect to the Securities.

SECTION 2.14  Securities Compliance.  The Common Stock is registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and quoted on OTC Bulletin Board.  The Company is in compliance with all OTC Bulletin Board requirements, and the Company has not been contacted by the National Association of Securities Dealers, Inc., either orally or in writing, concerning any violations or any potential removal of the Common Stock from the OTC Bulletin Board. 

SECTION 2.15  Environmental Matters.  The Company and each of its subsidiaries is in compliance in all material respects with all applicable state and federal environmental laws, and the Company is not aware of any event or condition that has occurred that is reasonably likely to interfere in any material respect with the compliance by the Company or any of its subsidiaries with any environmental law or that may give rise to any liability under any environmental law that, individually or in the aggregate, would have a Material Adverse Effect.

SECTION 2.16  Tax Returns.  The Company has filed or caused to be filed all Federal tax returns and all material state and local tax returns required to have been filed by it and has paid or caused to be paid all taxes shown to be due and payable by it on such returns or on any assessments received by it, except any such tax, the validity or amount of which is being contested in good faith by appropriate proceedings and as to which the Company has set aside on its books adequate reserves with respect thereto in accordance with generally accepted accounting principles.  Neither the Company nor any of its subsidiaries has received any tax assessment, notice of audit, notice of proposed adjustment or deficiency notice from any taxing authority.

ARTICLE III

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASERS

Each Purchaser, severally and not jointly, hereby acknowledges, represents, warrants and agrees as follows:

SECTION 3.1  Authorization; Enforceability; No Violations.  

(a)

If the Purchaser is not an individual, the Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction, has all requisite power and authority to execute, deliver and perform the terms and provisions of this Agreement and has taken all necessary action to authorize the execution, delivery and performance by it of this Agreement and to consummate the transactions contemplated hereby to be performed by it.  If the Purchaser is an individual, it has the legal capacity to execute, deliver and perform the terms and provisions of this Agreement.

(b)

If the Purchaser is not an individual, the execution, delivery and performance by such Purchaser of this Agreement and the consummation by such Purchaser of the transactions contemplated hereby to be performed by it do not and will not violate any provision of (i) such Purchaser's organizational documents, or (ii) any law, statute, rule, 

regulation, order, writ, injunction, judgment or decree to which such Purchaser is subject.  Such Purchaser has duly executed and delivered this Agreement.  Assuming the due execution hereof by the Company, this Agreement constitutes the legal, valid and binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

SECTION 3.2  Securities Act Representations; Legends.  

(a)

Such Purchaser understands that:  (i) the offering and sale of the Securities to be issued and sold hereunder is intended to be exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”); (ii) the initial offer and sale of the Units issuable hereunder, and any resale of the Offered Shares, Warrants and Warrant Shares, have not been registered under the Securities Act or any other applicable securities laws and such securities may be transferred or otherwise resold pursuant to an effective registration statement under the Securities Act and any other applicable securities laws or if an exemption from such registration requirements is available; and (iii) the Company is required to register any resale of the Securities under the Securities Act and any other applicable securities laws only to the extent provided in this Agreement.

(b)

Such Purchaser represents that the Securities to be acquired by such Purchaser pursuant to this Agreement are being acquired for its own account and not with a view to, or for sale in connection with, any distribution thereof or in violation of the Securities Act or any other securities laws that may be applicable. 

(c)

Such Purchaser represents that such Purchaser is not an affiliate (as such term is defined in Rule 405 under the Securities Act) of the Company.

(d)

Such Purchaser acknowledges that no oral or written statements or representations have been made to such Purchaser by or on behalf of the Company in connection with the offering and sale of the Securities hereunder other than those set forth in the SEC Reports and the PPM or as set forth herein, and such Purchaser represents that it is not subscribing for the Securities as a result of, or in response to, any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting.

(e)

Such Purchaser has been furnished with a copy of the PPM and with such materials relating to the business, finances and operations of the Company and the offer and sale of the Securities which have been requested by such Purchaser.  Such Purchaser has had the opportunity to read the PPM as well as the SEC Reports, and has been afforded the opportunity to ask questions of the Company and has received satisfactory answers to all questions asked.  Such Purchaser understands that its investment in the Securities is speculative and involves a high degree of risk.  Purchaser acknowledges that it has carefully evaluated the merits and risks of such an investment, including the risk factors set forth in the PPM.

(f)

Such Purchaser hereby covenants with the Company not to make any sale or other transfer of the Securities without complying with the provisions of this Agreement, and without effectively causing the prospectus delivery requirement under the Securities Act to be satisfied (unless such Purchaser is selling such Securities in a transaction not subject to the prospectus delivery requirements), and such Purchaser acknowledges that the certificates evidencing the Offered Shares, Warrants and Warrant Shares will be imprinted with substantially the following legend that prohibits their transfer except in accordance therewith:  THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL SO REGISTERED OR, AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER OF THESE SECURITIES IS DELIVERED TO THE ISSUER STATING THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.  Such Purchaser acknowledges and agrees that the Securities are only transferable on the books of the Company (i) if the transfer such Securities has been registered under the Securities Act or (ii) pursuant to a valid exemption under the Securities Act if, in connection with the resale of such security, such holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that such sale or transfer of such Security may be made without registration under the Securities Act.  Such Purchaser further covenants to notify the Company promptly of the sale of all of its Securities.

The foregoing legend will be removed from the certificates representing any Offered Shares or Warrant Shares, at the request of the holder thereof, at such time as they become the subject of an effective resale registration statement; provided, that such holder consents to the entry by the Company of stop transfer instructions with the Company’s transfer agent during any period under which a Suspension Notice (as defined in Section 4.5 below) shall be in effect.

(g)

Such Purchaser is an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act.

(h)

Such Purchaser, either alone or with the assistance of his/her professional advisors, is a sophisticated investor, is able to fend for itself in the transactions contemplated by this Agreement, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the Securities and of making an informed investment decision and understands and has fully considered for purposes of this investment the risk of loss of all monies invested herein. 

(i)

Such Purchaser (a) understands that there is presently no active public market for the Securities and that an active and liquid trading market may not develop, which may have a material adverse impact on the price of the Securities and such Purchaser’s ability to dispose of the Securities in a timely manner or at all, and (b) is able (1) to bear the economic risk of his or her investment, (2) to hold the Securities for an indefinite period of time and (3) to afford a complete loss of this investment.

(j)

Such Purchaser has adequate means of providing for its current needs and possible personal contingencies, and has no need for liquidity in this investment. Such Purchaser’s overall commitment to investments which are illiquid or not readily marketable is not disproportionate to its net worth, and investment in the Securities will not cause such overall commitment to become excessive.

(k)

Such Purchaser has been solely responsible for its own due diligence investigation of the Company and its business, and its analysis of the merits and risks of the investment made pursuant to this Agreement, and is not relying on anyone else’s analysis or investigation of the Company, its business or the merits and risks of the Securities other than professionals employed specifically by the Purchaser to assist the Purchaser.  In taking any action or performing any role relative to the arranging of the investments being made pursuant to this Agreement, such Purchaser has acted solely in its own interest and not in that of any other Purchasers, and none of the other Purchasers (or any of their respective employees or agents) has acted as an agent or fiduciary for such Purchaser.  

SECTION 3.3  Investment Decision by Purchaser.  Such Purchaser understands that nothing in this Agreement or any other materials presented to such Purchaser in connection with the purchase and sale of the Securities constitutes legal, tax or investment advice.  Such Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Securities.

ARTICLE IV

REGISTRATION RIGHTS

SECTION 4.1  Registration of Shares.  As soon as reasonably practicable after the date of execution of this Agreement by the Company and the date the Company’s audited financial statements for the 2005 fiscal year are available, but in any event within 10 business days of the date such audited financial statements become available, and in any event no later than March 31, 2006, the Company will prepare, and file with the SEC a registration statement on Form SB-2 (or such other form as may be available to the Company to effect the registration hereby, such registration statement and the prospectus included therein being referred to as the “SB-2”) for resale of the Offered Shares and the Warrant Shares (the “Registrable Securities”).  Purchaser acknowledges and agrees that the Company may include in the SB-2 securities to be sold on behalf of other parties.  Concurrently with Purchaser’s execution of this Agreement, Purchaser agrees to submit to the Company the Shareholder Information Request attached hereto as Exhibit B for the Company’s use in completing the SB-2.

SECTION 4.2  Company Obligations.  In connection with the SB-2, the Company shall: 

(a)

prepare and file with the SEC such amendments and supplements to the SB-2 and the prospectus used in connection with such SB-2 as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the Registrable Securities;

(b)

furnish such number of the SB-2 and prospectuses and other documents incident thereto, including any amendment of or supplement to the prospectus, as the Purchaser may from time to time reasonably request;

(c)

furnish to Coghill Capital Management, LLC, or its successor as designated to the Company in writing by Coghill Capital Management, LLC, (i) copies of the SB-2 and any amendments or prospectuses related thereto for review at least two business days prior to the filing thereof and (ii) copies of any comments that the SEC provides in writing to the Company pertaining to the SB-2,  and any responses thereto from the Company to the SEC, in each case that pertain to a Purchaser as a selling shareholder or to the “Plan of Distribution” section, but not information which the Corporation believes would constitute material and non-public information;

(d) 

promptly provide notice to the Purchasers when the SB-2 or any post-effective amendment thereto the same has become effective; 

(e)

use its commercially reasonable efforts to qualify the Registrable Securities for offer and sale under such other securities or blue sky laws of such jurisdictions in the United States as the Purchaser reasonably requests; 

(f)

use its commercially reasonable efforts to cause all such Registrable Securities to be initially listed on each securities exchange or quoted on each inter-dealer quotation system on which the Company’s common stock is then listed or quoted; and 

(g)

pay all expenses incurred in connection with such registration, including but not limited to, registration and filing fees with the SEC, fees and expenses of compliance with securities or blue sky laws and fees and expenses incurred in connection with the listing or quotation of the Registrable Securities.

SECTION 4.3  Registration Statement Effectiveness.  The Company shall use commercially reasonable efforts to have the SB-2 declared effective under the Securities Act as promptly as practicable after filing thereof with the SEC, but in no event later than July 31, 2006.  The Company shall use commercially reasonable efforts to cause the SB-2 to continue to be effective until the earlier to occur of (i) the second anniversary of the Closing Date and (ii) the date that all holders of Registrable Securities have either disposed of or have the ability to dispose of all their Registrable Securities within a single three month period pursuant to Rule 144 of the Securities Act (“SB-2 Effective Period”), and, during such period, to cause the SB-2 and the prospectus contained therein to be updated as reasonably deemed necessary by the Company to enable the Purchaser to resell the Registrable Securities.  

If at any time during the SB -2 Effective Period there is not an effective registration statement covering all of the Registrable Securities and the Company shall determine to prepare 

and file with the SEC a registration statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents relating to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with the stock option or other employee benefit plans, then the Company shall send to each Purchaser a written notice of such determination and, if within five business days after the date of such notice, any such Purchaser shall so request in writing, the Company shall include in such registration statement all or any part of such Registrable Securities such Purchaser requests to be registered; provided, however, that, the Company shall not be required to register any Registrable Securities pursuant to this Section 4.3 that are eligible for resale pursuant to Rule 144(k) promulgated under the Securities Act or that are the subject of a then effective registration statement; provided further, that it shall be a condition to the inclusion of such Registrable Securities on such registration statement that such Purchaser agrees to the same terms and conditions regarding method of sale applicable to the securities otherwise being sold through such registration.

Promptly upon any registration statement filed pursuant to this Section 4.3 being declared effective by the SEC, the Company will file a related form of final prospectus pursuant to Rule 424(b) promulgated under the Securities Act.

Purchaser hereby agrees to indemnify the Company, its officers and directors, each underwriter and selling broker, if any, and each person, if any, who controls the Company, against liability (including liability under the Securities Act and the 1934 Act) arising by reason of any statement contained in the SB-2, that Purchaser provided to the Company in writing explicitly for use in the SB-2, being false or misleading or omitting to state a material fact necessary to be stated in order that the statements made in the SB-2, in the circumstances in which they are made, not be misleading; provided that in no event will the aggregate amount Purchaser is required to pay pursuant to such indemnification obligations exceed the greater of the aggregate purchase price paid by Purchaser hereunder and the amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.  The Company hereby agrees to indemnify Purchaser against liability (including liability under the Securities Act and the 1934 Act) arising by reason of (1) any statement (other than a statement provided by Purchaser as described above) in or incorporated by reference in the SB-2 being false or misleading or omitting to state a material fact necessary to be stated in order that the statements made in or incorporated by reference in the SB-2, in the circumstances in which they are made, not be misleading, (2) any violation by the Company of the Securities Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Securities Act, the 1934 Act or any state securities laws in connection with the SB-2, or (3) any breach of any representation, warranty or covenant made by the Company in this Agreement.   

If a claim for indemnification under this Section 4.3 is unavailable (by reason of public policy or otherwise) or insufficient to hold harmless an indemnified party in respect of any losses referred to herein, then each indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, in such proportion as is appropriate to reflect the relative fault of the indemnifying party and indemnified party as well as any other relevant equitable considerations.  The relative fault 

of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, was taken or made by, or relates to information supplied by, such indemnifying party or indemnified party, and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission.  The amount paid or payable by a party as a result of any losses shall be deemed to include, subject to the limitations set forth herein, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for herein was available to such party in accordance with its terms.

The parties to this Agreement hereby acknowledge that they are sophisticated business persons who were represented by counsel during the negotiations regarding the provisions hereof including, without limitation, the provisions of this Section 4.3, and are fully informed regarding said provisions.  They further acknowledge that the provisions of this Section 4.3 fairly allocate the risks in light of the ability of the Purchasers to investigate the Company and its business, and the ability of the Company to investigate certain matters regarding the Purchaser, in order to assure that adequate disclosure is made in the SB-2 as required by the Securities Act and the Exchange Act. 

SECTION 4.4  Liquidated Damages.  If (a) the SB-2 is not filed with the SEC on or prior to March 31, 2006, or (b) the SB-2 is not declared effective by the SEC on or prior to July 31, 2006, in each case without regard for the reason therefor, then on each day commencing on April 1, 2006 until the day that the SB-2 is filed with respect to (a) above, and on each day commencing on August 1, 2006 until the SB-2 is declared effective by the SEC with respect to (b) above, the Company will pay an amount in cash, as partial liquidated damages and not as a penalty, equal to 1/30th of 1.0% of the aggregate purchase price paid to the Company by Purchaser for the Units purchased hereunder.  The Company will pay any partial liquidated damages in arrears on a weekly basis on the last business day of each week.  If the Company fails to pay any partial liquidated damages in full within seven days after the date payable, the Company will pay interest thereon at a rate of 10% per annum (or such lesser maximum amount that is permitted to be paid by applicable law) to the Purchaser, accruing daily from the date such partial liquidated damages are due until such amounts, plus all such interest thereon, are paid in full.

SECTION 4.5  Suspension.  Upon receipt of a notice (a “Suspension Notice”) from the Company of the happening of any event that makes any statement made in the SB-2 or related prospectus untrue or which requires the making of any changes in such SB-2 or prospectus so that they will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made not misleading, Purchaser agrees that it shall forthwith discontinue disposition of shares pursuant to such SB-2 until Purchaser’s receipt of the copies of the supplemented or amended prospectus (which the Company shall use commercially reasonable efforts to prepare and distribute promptly) or until it is advised in writing by the Company that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in the prospectus.  Notwithstanding anything to the contrary in this Agreement, upon the delivery of a Suspension 

Notice the Company may delay the filing of any required amendment or supplement to the SB-2 if: (i) in the good faith and reasonable judgment of the Board of Directors of the Company, disclosure of such amended information could be seriously detrimental to the Company, and the Board of Directors of the Company concludes, as a result, that it is in the best interest of the Company to defer the filing of such amendment or supplement at such time, and (ii) the Company furnishes to Purchaser a certificate signed by the Chief Executive Officer of the Company stating that in the good faith judgment of the Board of Directors of the Company, it could be seriously detrimental to the Company for such amendment or supplement to be filed at such time and that it is, therefore, in the best interest of the Company to defer the filing of such amendment or supplement to the SB-2; provided, however, that (i) the Company shall have the right to defer such filing for a period of not more than 30 days, (ii) the Company shall not defer its obligation in this manner more than two times and (iii) the SB-2 Effective Period shall be extended for the amount of time that the SB-2 is unavailable due to such a deferral.  The Company shall be permitted to enter stop transfer instructions with the Company’s transfer agent with respect to the Registrable Securities during any period under which a Suspension Notice shall be in effect

SECTION 4.6  Termination of Obligations.  The provisions of this Article IV shall terminate with respect to any particular Registrable Securities when such Registrable Securities shall have been sold or otherwise disposed of in accordance with the intended method of disposition set forth in the SB-2.

SECTION 4.6  Current Public Information.  As long as the Purchaser owns any Registrable Securities that are not otherwise eligible for sale as contemplated by Rule 144(k) under the Securities Act, the Company shall use commercially reasonable efforts to file all required reports with the SEC, or otherwise make available "adequate current public information" about itself, within the meaning of Rule 144(c) under the Securities Act, to potentially make available to the Purchaser the benefits of certain rules and regulations of the SEC which may permit the sale of the Registrable Securities without registration.  Notwithstanding the foregoing, to the extent that a holder of Registrable Securities may dispose of such Registrable Securities pursuant to the SB-2, the Company shall not be liable to any such holder for any breach of the provisions of this Section 4.6.  

ARTICLE V

SURVIVAL

SECTION 5.1  Survival.  Notwithstanding any examination made by or on behalf of any party hereto, the knowledge of any party or the acceptance by any party of any certificate or opinion, each representation and warranty contained herein shall survive the Closing and shall be fully effective and enforceable for three years after the Closing, and each covenant contained herein shall survive the Closing and shall be fully effective and enforceable for the periods set forth therein. 

ARTICLE VI

MISCELLANEOUS

SECTION 6.1  Notices.  All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to the receiving party's address set forth below or to such other address as a party may designate by notice hereunder, and shall be either (i) delivered by hand, (ii) made by telecopy or facsimile transmission, (iii) sent by overnight courier, or (iv) sent by registered mail, return receipt requested, postage prepaid.

If to a Purchaser: 

To such Purchaser’s address set forth on 

the signature pages hereto.

If to the Company:

Idaho General Mines, Inc.

10 N. Post, Ste. 610

Spokane, WA  99201

Attention:  Chief Executive Officer

Facsimile:  

With a copy to:

Preston Gates & Ellis LLP

925 Fourth Avenue

Suite 2900

Seattle, WA 98104

Attention:  Gary J. Kocher, Esq.

Facsimile:  (206) 370-6105

All notices, requests, consents and other communications hereunder shall be deemed to have been given (i) if by hand, at the time of the delivery thereof to the receiving party at the address of such party set forth above; (ii) if by telecopy or facsimile transmission, on the day that receipt thereof has been acknowledged by electronic confirmation or otherwise; (iii) if sent by overnight courier for next-business day delivery, on the next business day following the day such notice is delivered to the courier service; or (iv) if sent by registered mail, on the 5th business day following the day of mailing.  

SECTION 6.2  Entire Agreement.  This Agreement, including exhibits or other documents referred to herein or that specifically indicate that they were delivered to the Purchaser in connection with this Agreement, together with the instrument evidencing the Warrants, embodies the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof (other than the non-disclosure and confidentiality agreements, if any, between the Company and any Purchaser signed in anticipation of an equity financing by the Company).  No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

SECTION 6.3  Amendments.  The terms and provisions of the Agreement may be modified, amended or waived, or consent for the departure from such terms and provisions may 

be granted, only by written consent of the Company and by Purchasers holding or otherwise entitled to acquire at least two-thirds of the Registrable Securities issued or issuable at the time of such action.  Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

SECTION 6.4  Assignment.  Any Purchaser may transfer its rights and obligations hereunder to any third party, provided that any such transferee agrees in writing to assume all of the obligations and liabilities of its transferor hereunder and agrees itself to be bound hereby all in accordance with and pursuant to a duly executed written instrument in form reasonably satisfactory to the Company.

SECTION 6.5  Benefit.  All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto.  Nothing in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement.

SECTION 6.6  Governing Law.  This Agreement and the rights and obligations of the partied hereunder shall be construed in accordance with and governed by the laws of the State of New York applicable to agreements made and to be performed entirely within the State of New York, without giving effect to the conflict of law principles thereof.  

SECTION 6.7  Severability.  In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect.  In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect.

SECTION 6.8  Headings and Captions.  The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or constructions of any of the terms or provisions hereof.

SECTION 6.9  No Waiver of Rights, Powers and Remedies.  No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of the party.  No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from other or further exercise thereof or the exercise of any other right, power or remedy hereunder.  The election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies.  No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand. 

SECTION 6.10  Expenses.  Each of the parties shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others engaged by such party) in connection with this Agreement and the transactions contemplated hereby whether or not the transactions contemplated hereby are consummated; provided that the Company will reimburse Coghill Capital Management, LLC for its reasonable fees and expenses, not to exceed $10,000.

SECTION 6.11  Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one agreement.  

SECTION 6.12  Further Assurances.  In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of this Agreement, the Company and the Purchaser will take such further action as the other party may reasonably request, all at the sole cost and expense of the requesting party.

SECTION 6.13  Independent Nature of Purchasers’ Obligations and Rights.  The obligations of each Purchaser under this Agreement are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser hereunder.  The decision of each Purchaser to purchase Securities pursuant to this Agreement has been made by such Purchaser independently of any other Purchaser.  Nothing contained in this Agreement, and no action taken by any Purchaser pursuant hereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement.  Each Purchaser acknowledges that no other Purchaser has acted as agent for such Purchaser in connection with making its investment hereunder and that no Purchaser will be acting as agent of such Purchaser in connection with monitoring its investment in the Securities or enforcing its rights under this Agreement.  Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose.

IN WITNESS WHEREOF, the Company and the Purchasers have executed this Securities Purchase Agreement as of the day and year first above written.

IDAHO GENERAL MINES, INC.

By:

  /s/ Robert L. Russell

Name:  Robert L. Russell

Title:  President & CEO

[Signature Page to Securities Purchase Agreement]

PURCHASER:

Purchaser Name: Scott E. Douglass

By:        /s/ Scott E. Douglass

Name:  

Scott E. Douglass

Title:

Address:

2709 Westminster Avenue 

Dallas, TX 75205 

Facsimile:

PURCHASER:

Purchaser Name: David A. Bradley

By:        /s/ David A. Bradley

Name 

David A. Bradley

Title:

Address:

2215 York Road

Suite 500

Oak Brook, IL 60523

Facsimile:

(630) 990-2110

PURCHASER:

Purchaser Name: Enable Opportunity Partners LP

By:        /s/ Brendan O’Neil 

Name 

Brendan O’Neil

Title:

Principal & Portfolio Manager 

Address:

One Ferry Building, Suite 255

San Francisco, CA 94111

Facsimile:

(415) 677-1580

PURCHASER:

Purchaser Name:  Pierce Diversified Strategy

Master Fund LLC 

By:        /s/ Brendan O’Neil                      

Name 

Brendan O’Neil                      

Title:

Principal & Portfolio Manager 

Address:

One Ferry Building, Suite 255

San Francisco, CA 94111

Facsimile:

(415) 677-1580

PURCHASER:

Purchaser Name: Enable Growth Partners LP

By:        /s/ Brendan O’Neil                      

Name 

Brendan O’Neil                      

Title:

Principal & Portfolio Manager 

Address:

One Ferry Building, Suite 255

San Francisco, CA 94111

Facsimile:

(415) 677-1580

PURCHASER:

Purchaser Name: Royal Bank of Canada

By:       /s/  Josef Muskatel            

Name 

Josef Muskatel            

Title:

Director and Senior Counsel 

Address:

One Liberty Plaza 

165 Broadway 

New York, NY 10006

Facsimile:

(212) 428-3062

By:       /s/  Steven C. Milke            

Name 

Steven C. Milke            

Title:

Managing Director  

Address:

One Liberty Plaza 

165 Broadway 

New York, NY 10006

Facsimile:

PURCHASER:

Purchaser Name: Crestview Capital Master, LLC

By:        /s/ Stewart R. Flink       

Name 

Stewart R. Flink       

Title:

Manager 

Address:

95 Revere Drive 

Suite A 

Northbrook, IL 60062 

Facsimile:

PURCHASER:

Purchaser Name: Cranshire Capital, LP

By:           /s/ Mitchell Kopin

Name 

Mitchell Kopin

Title:

President – Downview Capital 

The General Partner 

Address:

666 Dundee Road

Suite 1901

Northbrook, IL 60062

Facsimile:

(647) 862-9030

PURCHASER:

Purchaser Name: Nathan A. Low 

By:        /s/ Nathan A. Low               

Name:

Nathan A. Low

Title:

Address:

5 West 86th St.  

Unit 5A

New York, NY 10024

Facsimile:

(212) 750-7277

PURCHASER:

Purchaser Name: RHP Master Fund, Ltd.

By:

Rock Hill Investment Management LP  

By: 

RHP General Partner LLC   

By:     /s/ Keith Marlowe  

Name:

Keith Marlowe 

Title:

Director 

Address:

c/o Rock Hill Investment

Management, L.P. 

Three Bala Plaza – East  

Suite 585

Bala Cynwyd, PA 19004

Facsimile:

(610) 949-9600

PURCHASER:

Purchaser Name: Alexandra Global Master Fund, Ltd.

By:   /s/ Mikhail Filimonov         

Name 

Mikhail Filimonov

Title:

Chairman and Chief Executive 

Officer 

Address:

c/o Alexandra Investment 

Management, LLC

767 Third Avenue 

39th Floor

New York, NY 10017

Facsimile:

(212) 301-1810

PURCHASER:

Purchaser Name: Levy Family Partners, LLC  

By:              /s/ Alfredo Botty 

Name  

Alfredo Botty

Title:

Managing Direcor

Address:

415 N. La Salle St.

Suite 700B

Chicago, IL 60610 

Facsimile: 

(312) 923-1098

PURCHASER:

Purchaser Name:  Oak Street Small Cap Fund, LP

By:         /s/ Daniel C. O’Neil               

Name 

Daniel C. O’Neil               

Title:

Chief Operating Officer 

Address:

980 N. Michigan Ave, Suite 1455

 

Chicago, IL 60611

Facsimile:

(312) 214-3510

PURCHASER:

Purchaser Name: Smithfield Fiduciary LLC

By:         /s/ Adam J.  Chill         

Name 

Adam J.  Chill         

Title:

Authorized Signatory 

Address: 

c/o Highbridge Capital 

Management, LLC

9 West 57th Street

27th Floor

New York, NY 10019 

Attn: Ari J. Storch/Adam J. Chill

Facsimile:

(212) 751-0755

PURCHASER:

Purchaser Name:  Lakeview Fund, LP

By:      /s/ Ari Levy          

Name 

Ari Levy 

Title:

Chief Investment Officer 

Address:

415 N. La Salle St.

Suite 700B

Chicago, IL 60610 

Facsimile:

(312) 923-1098

PURCHASER:

Purchaser Name: Nite Capital LP

By:   /s/ Keith A. Goodman

Name 

Keith A. Goodman

Title:

Manager of the General Partner 

Address:

100 East Cook Avenue

Suite 201 

Libertyville, IL 60048

Facsimile:

(847) 968-2648

PURCHASER:

Purchaser Name: CCM Master Qualified Fund, Ltd.

By:       /s/ Clint D. Coghill     

Name 

Clint D. Coghill     

Title:

Director 

Address:

c/o Coghill Capital Management 

1 North Wacker Dr. 

Suite 4350

Chicago, IL 60606 

Facsimile:

(312) 324-2001

PURCHASER:

Purchaser Name: KIT Financial, Inc.

By:     /s/ Michael R. Krupp                       

Name 

Michael R. Krupp                       

Title:

President 

Address:

19 E. Mission St. 

Suite A 

Santa Barbara, CA 93101 

Facsimile:

(805) 569-6202 

PURCHASER:

Purchaser Name: Cordillera Fund, LP

By:     /s/ Stephen J. Carter            

Name 

Stephen J. Carter            

Title:

Co-CEO of Andrew Carter Capital, Inc.

General Partner of ACCF GenPar, LP

General Partner of the Cordillera 

Fund, LP

Address:

8201 Preston Road

Suite 400

Dallas, Texas 75225

Facsimile:

(214) 890-8825

PURCHASER:

Purchaser Name: Magnetar Capital Master Fund, Ltd.

By:      /s/ Paul Smith          

Name 

Paul Smith 

Title:

General Counsel 

Address:

1603 Orrington Ave

13th Floor

Evanston, IL 60201

Attn: Doug Litowtz

Facsimile:

(847) 905-5685 

PURCHASER:

Purchaser Name: Alpha Capital AG

By:    /s/ Konrad Ackermann                

Name 

Konrad Ackermann                

Title:

Director 

Address:

Pradafant 7

9490 Furstentums

Vaduz, Lichtenstein     

Facsimile:

PURCHASER:

Purchaser Name: Paresh Patel

By:     /s/ Paresh Patel                        

Name 

Paresh Patel                        

Title:

Vice President 

Address:

3952 Harrison St. Apt. 401

Oakland, CA 94611

Facsimile:

(415) 399-1366

PURCHASER:

Purchaser Name: Jon Slizza 

By:    /s/ Jon Slizza 

Name 

Jon Slizza 

Title:

Address:

248 Cazneau Avenue 

Sausalito, CA 94965

Facsimile:

PURCHASER:

Purchaser Name: Harlan P. Kleiman

By:     /s/ Harlan P. Kleiman                       

Name 

Harlan P. Kleiman

Title:

Address:

99 Sugar Loaf Drive 

Tiburon, CA 94920

Facsimile:

(415) 435-8035

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]