Document:

Exhibit 10.67

 

EXECUTION VERSION

 

URANIUM ENERGY CORP.

 

-AND-

 

URANIUM ROYALTY CORP.

 

 

 

ROYALTY PURCHASE AGREEMENT

 

 

 

August 20, 2018

 

 

 

    	 

     

    

 

TABLE OF
CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE 1 INTERPRETATION	1
	 	 	 
	1.1	Definitions	1
	1.2	Headings	9
	1.3	Extended Meanings	10
	1.4	Statutory References	10
	1.5	Accounting Principles	10
	1.6	Currency	10
	1.7	Consent	10
	1.8	Performance on Holidays	10
	1.9	Calculation of Time	10
	1.10	Schedules	11
	 	 	 
	ARTICLE 2 PURCHASE AND SALE OF ROYALTIES	11
	 	 	 
	2.1	Purchase and Sale of Royalties	11
	2.2	Payment of Purchase Price	11
	2.3	Place of Closing	11
	2.4	Closing	12
	2.5	Consideration Shares	12
	2.6	Allocation of Purchase Price	15
	 	 	 
	ARTICLE 3 CONDITIONS	15
	 	 	 
	3.1	Closing Conditions for the Benefit of the Purchaser	15
	3.2	Closing Conditions for the Benefit of UEC	17
	 	 	 
	ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF UEC	18
	 	 	 
	4.1	Representations and Warranties of UEC	18
	4.2	Survival of the Representations, Warranties and Covenants	19
	 	 	 
	ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER	19
	 	 	 
	5.1	Representations and Warranties of the Purchaser	19
	5.2	Survival of the Representations, Warranties and Covenants	19
	 	 	 
	ARTICLE 6 COVENANTS	20
	 	 	 
	6.1	Representations and Warranties of UEC	20
	6.2	Representations and Warranties of the Purchaser	20
	6.3	Taxes	20
	6.4	Compliance Verification and Access	21
	6.5	Additional Covenants of UEC	21

 

    	 

     

    

 

	ARTICLE 7 INDEMNIFICATION	23
	 	 	 
	7.1	Indemnity of UEC	23
	7.2	Indemnity of Purchaser	24
	7.3	Notice of and Defence of Third Party Claims	24
	7.4	Tax Treatment of Indemnity Payments	25
	 	 	 
	ARTICLE 8 GENERAL	26
	 	 	 
	8.1	Further Assurances	26
	8.2	Third Party Beneficiaries	26
	8.3	Time of the Essence	26
	8.4	Fees and Expenses	26
	8.5	Benefit of the Agreement	26
	8.6	Entire Agreement	26
	8.7	Amendments and Waiver	26
	8.8	Assignment	27
	8.9	Notices	27
	8.10	Governing Law	28
	8.11	Counterparts and Faxed Signatures	28
	8.12	Paramountcy	29

 

	SCHEDULES	 	 
	Schedule "A"	-	Representations and Warranties of UEC
	Schedule "B"	-	Representations and Warranties of the Purchaser
	Schedule "C"	-	Anderson Property
	Schedule "D"	-	Slick Rock Property
	Schedule "E"	-	Workman Creek Property
	Schedule "F"	-	Form of Royalty
	Schedule "G"	-	Consents and Approvals
	Schedule "H"	-	Form of Declaration

 

    ii

     

    

 

ROYALTY
PURCHASE agreement

 

THIS AGREEMENT made as of August
20, 2018.

 

BETWEEN:

 

uranium
energy corp., a corporation existing under the laws of Nevada and having an address at 500 North Shoreline, Suite 800N,
Corpus Christi, Texas 78401

 

("UEC");

 

AND:

 

URANIUM
ROYALTY CORP., a corporation existing under the laws of Canada and having an address at 502-211 Yonge Street, Toronto,
Ontario M5B 1M4

 

(the "Purchaser").

 

WHEREAS UEC
owns a 100% interest in each of the Slick Rock Property and the Workman Creek Property and, through its wholly-owned subsidiary,
CMC, owns a 100% interest in the Anderson Property.

 

AND WHEREAS
UEC and the Purchaser wish to enter into a transaction pursuant to which, among other things, UEC shall create, grant and sell,
and cause CMC to create, grant and sell, to the Purchaser, the Royalties on the Properties upon and subject to the terms and conditions
hereinafter set forth.

 

NOW THEREFORE THIS
AGREEMENT WITNESSES that in consideration of the respective covenants and agreements herein contained and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the Parties, the Parties hereby
covenant and agree as follows:

 

ARTICLE
1

INTERPRETATION

		1.1	Definitions

 

In this Agreement, unless something in
the subject matter or context is inconsistent therewith:

 

		(a)	"Affiliate" means as to any Person, any
other Person which, directly or indirectly, Controls, is Controlled by, or is under common Control with, such Person;

 

		(b)	"Agreement" means this agreement and
the Schedules attached hereto and all amendments, restatements or replacements made hereto by written agreement between the Parties;

 

    	 

     

    

 

		(c)	"Anderson Property" means the certain
mining claims located in Yavapai County, Arizona as set out in Schedule "C" to this Agreement together with any present
or future renewal, extension, modification, relocation, substitution, amalgamation, replacement, succession, conversion, concession,
demise to lease, renaming or variation of any of those mining claims or additional acquired interests (whether granting or conferring
the same, similar or any greater rights and whether extending over the same or a greater or lesser domain);

 

		(d)	"Anderson Royalty" means the 1.0% net
smelter returns royalty on the Anderson Property to be created and granted by CMC and delivered by UEC to the Purchaser at Closing
in respect of the Anderson Property, as more particularly described in the Anderson Royalty Agreement;

 

		(e)	"Anderson Royalty Agreement" means the
royalty agreement to be entered into by CMC and the Purchaser at Closing, in the form substantially similar to the form attached
as Schedule "F" to this Agreement, with such amendments and modifications as reasonably necessary to reflect Applicable
Law in the State of Arizona;

 

		(f)	"Anderson Technical Report" means the
NI 43-101 technical report titled "Technical Report on the Anderson Uranium Project, Yavapai County, Arizona, USA" prepared
for UEC by Bruce Davis and Robert Sim with an effective date of April 15, 2012;

 

		(g)	"Applicable Law" or "Law"
in respect of any Person, property, transaction or event, means all laws, statutes, treaties, regulations, and enforceable judgments,
orders and decrees, domestic and foreign, applicable to that Person, property, transaction or event and, in each case having the
force of law, all applicable official directives, rules, protocols, consents, approvals, authorizations, guidelines, orders and
policies of any Governmental Body having or purporting to have authority over that Person, property, transaction or event;

 

		(h)	"Books and Records" means all scientific
and technical, financial, accounting, business, tax and employee information, records and files, in any form whatsoever (including
written, printed or electronic form or stored on computer discs or other data and software storage devices) related to any of
the Projects, including regulatory filings and returns, books of account and related original source documentation, actuarial,
tax and accounting information, geological and metallurgical data, drill hole logs, cross sections and assay results, reports,
technical reports, files, lists, drawings, plans, logs, briefs, computer program documentation, mining plans, Environmental reports,
employee data and records, written employment manuals and employment policies;

 

		(i)	"Business" means the business of UEC and
CMC as presently conducted and as disclosed in the UEC Public Documents, including the mineral exploration and development of
each of the Properties;

 

    	 	-2-	 

     

    

 

		(j)	"Business Day" means a day that is not
a Saturday, Sunday or any other day which is a statutory holiday in Vancouver, British Columbia, Denver, Colorado or Phoenix,
Arizona;

 

		(k)	"Claim" means any claim of any nature
whatsoever, including any demand, Liability, grievance, obligation, debt, damage, cost, action, cause of action, suit, proceeding,
judgment, award, assessment, reassessment or notice of determination of Loss;

 

		(l)	"Closing" means completion of the sale
to and purchase by the Purchaser of the Royalties and the completion of all other transactions contemplated by this Agreement
that are to occur at the same time as the sale and purchase of the Royalties;

 

		(m)	"Closing Date" means two (2) Business
Days following the date on which all of the conditions precedent to Closing set forth in Article 3 of this Agreement have
been satisfied or waived, or such other date as the Parties may agree upon in writing as the date upon which the Closing shall
take place;

 

(n)          "Closing
Document'' means any document delivered at or subsequent to the Time of Closing as provided in or pursuant this Agreement,
including the Royalty Agreements;

 

(o)          "CMC"
means UEC Concentric Merge Corp., a corporation organized under the laws of Nevada;

 

(p)          "Confidential
Information" means all information relating to or provided under this Agreement and the Royalties, in any form and whether
or not stated or noted to be confidential, other than information which is or becomes available to the public other than as a result
of a breach of Section 6.6 of this Agreement;

 

(q)          "Consideration
Shares" has the meaning ascribed to that term in Section 2.2 of this Agreement;

 

(r)          "Contract''
of any Person means all contracts, licences, sub-licences, agreements, commitments, entitlements, undertakings, understandings
and engagements to which such Person is a party or by which such Person is bound, whether written, oral or otherwise, and includes
any manufacturer's or supplier's warranty, guarantee or commitment (express or implied) and includes the Concession Agreement;

 

(s)          "Control"
means:

 

		(i)	when applied to the relationship between a Person and a
corporation, the beneficial ownership by such Person at the relevant time of shares of such corporation carrying more than 50%
of the voting rights ordinarily exercisable at meetings of shareholders of such corporation or carrying sufficient rights to elect
a majority of the directors of such corporation or the ability of such Person to elect or appoint a majority of the directors
or influence the voting of a majority of the directors through contract, understanding or other arrangement; and

 

    	 	-3-	 

     

    

 

		(ii)	when applied to the relationship between a Person and a
partnership or joint venture, the beneficial ownership by such Person at the relevant time of more than 50% of the ownership interests
of the partnership or joint venture in circumstances where it can reasonably be expected that such Person directs the affairs
of the partnership or joint venture;

 

and the
words "Controlled by", "Controlling" and similar words have corresponding meanings; provided
that a Person (the "first-mentioned Person") who Controls a corporation, partnership or joint venture (the "second-mentioned
Person") shall be deemed to Control: (i) a corporation, partnership or a joint venture (the "third-mentioned Person")
which is Controlled by the second- mentioned Person, (ii) a corporation, partnership or joint venture which is controlled by the
third-mentioned Person, and (iii) so on;

 

		(t)	"Disclosure Schedule" means the disclosure
schedule of even date herewith executed by UEC and delivered to the Purchaser concurrently with the execution of this Agreement;

 

		(u)	''Disposal" means any disposal by any means
including dumping, incineration, spraying, pumping, injecting, depositing or burying;

 

		(v)	"Environment" includes the air, surface
water, groundwater, body of water, any land, soil or underground space even if submerged under water or covered by a structure,
all living organisms and the interacting natural systems that include components of air, land, water, organic and inorganic matters
and living organisms and the environment or natural environment as defined in any Environmental Law and "Environmental"
will have a similar extended meaning;

 

		(w)	"Environmental Laws" means any Applicable
Laws relating in whole or in part to the Environment including but not limited to, those relating to the storage, generation,
use, handling, manufacture, processing, transportation, import, export, treatment, Release or Disposal of any Hazardous Substance;

 

		(x)	"Exchange" means the TSX Venture Exchange
or such other stock exchange in Canada on which the common shares of the Purchaser are first voluntarily listed for trading by
the Purchaser;

 

		(y)	"Financial Statements" mean, collectively,
the audited consolidated financial statements of UEC for the fiscal year ended July 31, 2017 and any unaudited financial statements
of UEC for any subsequent interim or quarterly period prior to the Closing Date as filed with the United States Securities and
Exchange Commission and any Canadian securities regulatory authorities;

 

    	 	-4-	 

     

    

 

		(z)	"Governmental Approval" means any authorization,
consent, approval, licence, ruling, permit, concession, certification, exemption, filing, variance, order, judgment, decree, publication,
notice to, declaration of or with or registration by or with any Governmental Body;

 

		(aa)	"Governmental Body" means any domestic
or foreign government, including any national, state, regional, municipal or local government, governmental department, commission,
board, bureau, agency, authority or instrumentality, or any Person exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any of the foregoing entities, including all tribunals, commissions, boards, bureaux,
arbitrators and arbitration panels, and any authority or other Person controlled by any of the foregoing;

 

		(bb)	"Hazardous Substance" means any pollutant,
contaminant, waste, hazardous substance, hazardous material, toxic substance, dangerous substance or dangerous good as defined,
controlled or regulated in any Environmental Law;

 

		(cc)	"Indemnified Party" or "Indemnifying
Party" has the meaning ascribed to those terms in Section 7.3.8 hereof;

 

		(dd)	"Interim Period" means the period between
execution and delivery of this Agreement and the Closing Date;

 

		(ee)	"IPO" means the initial listing and trading
of the common shares of the Purchaser by the Purchaser on the Exchange;

 

		(ff)	"IPO Date" means the date of the IPO;

 

		(gg)	"knowledge", with respect to any Party,
means the actual knowledge of any officer, or director of such Party after due inquiry (and each such individual will be deemed
to have "knowledge" of a particular fact or other matter if: (i) that individual is actually aware of that fact or matter;
or (ii) that fact or matter has been received or comes to the attention of that individual under circumstances in which a reasonable
person would take cognizance of it), and for greater certainty, where a representation or warranty refers to the knowledge of
more than one Party, each such Party is giving such representation and warranty to its own knowledge only and knowledge of one
such Party shall not be imputed to any other such Party;

 

		(hh)	"Liabilities" includes any debts, financial
obligations, liabilities, obligations, Claims, Liens, commitments, demands and expenses of any nature or kind, whether known or
unknown, primary or secondary, liquidated or unliquidated, secured or unsecured, accrued or unaccrued, absolute, contingent or
otherwise and whether due or to become due, of any Person and whether or not reflected or required to be reflected in a balance
sheet in accordance with generally accepted accounting principles;

 

    	 	-5-	 

     

    

 

		(ii)	"Lien" means with respect to any property
or asset, any security interest, mortgage, pledge, prohibition, injunction, lien, charge, assignment, Claim, compromise or other
encumbrance or interest of any kind, upon any such property or asset, or upon the income revenue or profits therefrom, including:
(i) any right to participate in revenues, profits, royalties, rents or other income in any way derived from or attributable to
such property or asset or any rights arising therefrom; (ii) any acquisition of or option to acquire any property or asset upon
conditional sale or other title retention agreement, device or arrangement (including any capital lease); (iii) any sale, assignment,
pledge or other transfer for security of any accounts, intangibles or chattel paper, with or without recourse; and (iv) any agreement
to create or grant any of the foregoing;

 

		(jj)	"Loss" means any loss, Liability, damage,
cost or expense including reasonable attorneys' fees, suffered or incurred, including the reasonable costs and expenses of any
assessment, judgment, settlement or compromise relating thereto;

 

		(kk)	"NI 43-101" means National Instrument
43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators;

 

		(ll)	"Order" means any order, judgment, injunction,
decree, stipulation, determination, award, decision or writ of any court, tribunal, arbitrator or Governmental Body;

 

		(mm)	"Parties" means the parties to this Agreement
and "Party" means any one of them;

 

		(nn)	"Permitted Lien" means:

 

		(i)	Liens for taxes, assessments or governmental charges or
levies not at the time due or delinquent or, if due and delinquent, the validity of which is being contested at the time by appropriate
proceedings;

 

		(ii)	Liens imposed by operation of law in connection with workers’
compensation, employment insurance or other social security legislation, in each case which secure obligations not at the time
due or delinquent or, if due or delinquent, the validity of which is being contested at the time by appropriate proceedings;

 

		(iii)	undetermined or inchoate Liens incidental to current operations
which have not at such time been filed pursuant to law against UEC or CMC, as applicable, or which relate to obligations not due
or delinquent or, if due or delinquent, the validity of which is being contested by appropriate proceedings;

 

		(iv)	Liens given in the ordinary course of business to a public
utility or any municipality or governmental or other public authority when required by such utility or municipality or governmental
or other public authority in connection with the operations of UEC and CMC; and

 

		(v)	statutory exceptions and reservations to title.

 

    	 	-6-	 

     

    

 

		(oo)	"Person" means an individual, a partnership,
a corporation, a Governmental Body, a trustee, any unincorporated organization and the heirs, executors, administrators or other
legal representatives of an individual and words importing "Person" have similar meaning;

 

		(pp)	"Proceedings" has the meaning ascribed
to it in Schedule "A" of this Agreement;

 

		(qq)	"Projects" means, collectively, the mineral
exploration and development projects of UEC and CMC located at the Properties;

 

		(rr)	"Properties" means, collectively, the:
(i) Slick Rock Property; (ii) the Anderson Property; and (iii) the Workman Creek Property;

 

		(ss)	"Purchase Price" has the meaning ascribed
to that term in Section 2.1 hereof;

 

		(tt)	"Release" includes releasing, spilling,
leaking, pumping, pouring, emitting, emptying, discharging, injecting, migrating, escaping, leaching, disposing, dumping, depositing,
spraying, burying, abandoning, incinerating, seeping or placing, or any similar action defined in any Environmental Law;

 

		(uu)	"Representatives" means each director,
officer, employee, agent, solicitor, accountant, professional advisor and other representative of an Indemnified Party;

 

		(vv)	"Royalties" means, collectively: (i) the
Slick Rock Royalty; (ii) the Anderson Royalty; and (iii) the Workmen Creek Royalty;

 

		(ww)	"Royalty Agreements" means, collectively:
(i) the Slick Rock Royalty Agreement; (ii) the Anderson Royalty Agreement; and (iii) the Workman Creek Royalty Agreement;

 

		(xx)	"SEDAR" means the System for Electronic
Document Analysis and Retrieval maintained by the Canadian Securities Administrators;

 

		(yy)	"Slick Rock Property" means those certain
mining claims and lease interests located in San Miguel County, Colorado, as set out in Schedule "D" to this Agreement
together with any present or future renewal, extension, modification, relocation, substitution, amalgamation, replacement, succession,
conversion, concession, demise to lease, renaming or variation of any of those mining claims and lease interests or additional
acquired interests (whether granting or conferring the same, similar or any greater rights and whether extending over the same
or a greater or lesser domain);

 

    	 	-7-	 

     

    

 

		(zz)	"Slick Rock Royalty" means the 1.0% net
smelter returns royalty on the Slick Rock Property to be created, granted and sold by UEC to the Purchaser at Closing in respect
of the Slick Rock Property, as more particularly described in the Slick Rock Royalty Agreement;

 

		(aaa)	"Slick Rock Royalty Agreement" means the
royalty agreement to be entered into by UEC and the Purchaser at Closing, in the form substantially similar to the form attached
as Schedule "F" to this Agreement, with such amendments and modifications as reasonably necessary to reflect Applicable
Law in the State of Colorado;

 

		(bbb)	"Slick Rock Technical Report" means the
NI 43-101 technical report titled "Technical Report – Preliminary Economic Assessment for the Slick Rock
Project Uranium/Vanadium Deposit, San Miguel County, Southwest Colorado" prepared for UEC by Bruce Davis and Robert Sim with
an effective date of April 8, 2014;

 

		(ccc)	"Subsidiaries" means a Person that is
Controlled directly or indirectly by another Person and includes any subsidiaries of that subsidiary and, in the case of UEC,
includes CMC;

 

		(ddd)	"Taxes" means all taxes, assessments,
charges, dues, duties, rates, fees, imposts, levies and similar charges of any kind lawfully levied, assessed or imposed by any
Governmental Body, including all income taxes (including any tax on or based upon net income, gross income, income as specially
defined, earnings, profits or selected items of income, earnings or profits) and all capital taxes, gross receipts taxes, environmental
taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes (including taxes relating to the transfer of
interests in real property or entities holding interests therein), franchise taxes, licence taxes, withholding taxes, payroll
taxes, employment taxes, excise, severance, social security, workers' compensation, employment insurance or compensation taxes
or premium, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add-on minimum
taxes, goods and services tax, customs duties or other taxes, fees, imports, assessments or charges of any kind whatsoever, together
with any interest and any penalties or additional amounts imposed by any taxing authority (domestic or foreign) on such entity,
and any interest, penalties, additional taxes and additions to tax imposed with respect to the foregoing;

 

		(eee)	"Technical Reports" means, collectively:
(i) the Slick Rock Technical Report; (ii) the Anderson Technical Report; and (iii) the Workman Creek Technical
Report;

 

		(fff)	"Third Party" means any Person other than
a Party or an Affiliate of a Party;

 

		(ggg)	"Third Party Claim" means any Claim asserted
by a Third Party against an Indemnified Party;

 

    	 	-8-	 

     

    

 

		(hhh)	"Time of Closing" means 9:00 a.m.
(Vancouver time) on the Closing Date, or such earlier or later time on the Closing Date that may be agreed by the Parties;

 

		(iii)	"Transfer Taxes" has the meaning ascribed
to that term in Section 6.3.1 hereof;

 

		(jjj)	"UEC Public Documents" means those forms,
reports, schedules, statements and other documents, including any financial statements, the Technical Reports or other documents
(including any schedules included therein) as are filed on SEDAR under the profile for UEC and accessible to the public, together
with the annual reports on Form 10-K or Form 10-KSB, quarterly reports on Form 10-Q or Form 10-QSB and current reports on Form
8-K, including all amendments thereto, filed by or furnished by UEC with the United States Securities and Exchange Commission,
including any schedules or exhibits included therein;

 

		(kkk)	"U.S. Securities Act" means the United
States Securities Act of 1933, as may be amended from time to time;

 

		(lll)	"Workman Creek Property" means the mining
claims located in Gila County, Arizona,  as set out in Schedule "E" to this Agreement together with any present
or future renewal, extension, modification, relocation, substitution, amalgamation, replacement, succession, conversion, concession,
demise to lease, renaming or variation of any of those mining claims or additional acquired interests (whether granting or conferring
the same, similar or any greater rights and whether extending over the same or a greater or lesser domain);

 

		(mmm)	"Workman Creek Royalty" means the 1.0%
net smelter returns royalty on the Workman Creek Property to be created, granted and sold by UEC to the Purchaser at Closing in
respect of the Workman Creek Property, as more particularly described in the Workman Creek Royalty Agreement;

 

		(nnn)	"Workman Creek Royalty Agreement" means
the royalty agreement to be entered into by UEC and the Purchaser at Closing, in the form substantially similar to the form attached
as Schedule "F" to this Agreement, with such amendments and modifications as reasonably necessary to reflect Applicable
Law in the State of Arizona; and

 

		(ooo)	"Workman Creek Technical Report" means
the NI 43-101 technical report titled "Updated Technical Report for the Workman Creek Project, Central Arizona" prepared
for UEC, by Neil G. McCallum and G.H. Giroux with an effective date of March 2, 2012 and amended July 7, 2012.

 

		1.2	Headings

 

The division of this Agreement into Articles
and Sections and the insertion of a table of contents and headings are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement. The terms "hereof, "hereunder" and similar expressions refer to
this Agreement and not to any particular Article, Section or other portion hereof and include any agreement supplemental hereto.
Unless something in the subject matter or context is inconsistent therewith, references herein to Articles, Sections and Schedules
are to Articles and Sections of and Schedules to this Agreement.

 

    	 	-9-	 

     

    

 

		1.3	Extended Meanings

 

In this Agreement, words importing the
singular number only include the plural and vice versa, words importing any gender include all genders. The terms "includes"
or "including" mean "including without limiting the generality of the foregoing".

 

		1.4	Statutory References

 

In this Agreement, unless something in
the subject matter or context is inconsistent therewith or unless otherwise herein provided, a reference to any statute is to that
statute as now enacted or as the same may from time to time be amended, re-enacted or replaced and includes any regulations made
thereunder.

 

		1.5	Accounting Principles

 

Wherever in this Agreement reference is
made to a calculation to be made in accordance with generally accepted accounting principles, such reference shall be deemed to
be to United States generally accepted accounting principles, consistently applied, applicable as at the date on which such calculation
is made or required to be made in accordance with such accounting principles.

 

		1.6	Currency

 

Unless otherwise indicated, all references
to currency herein, including "$" are to lawful money of Canada.

 

		1.7	Consent

 

Whenever a provision of this Agreement
requires an approval or consent and such approval or consent is not delivered within the applicable time limit, then, unless otherwise
specified, the Party whose consent or approval is required shall be conclusively deemed to have withheld its approval or consent.

 

		1.8	Performance on Holidays

 

If any action is required to be taken pursuant
to this Agreement on or by a specified date which is not a Business Day, then such action will be valid if taken on or by the next
Business Day.

 

		1.9	Calculation of Time

 

In this Agreement, a period of days will
be deemed to begin on the first day after the event which began the period and to end at 5:00 p.m. (Vancouver time) on the last
day of the period. If, however, the last day of the period does not fall on a Business Day, the period will terminate at 5:00 p.m.
(Vancouver time) on the next Business Day.

 

    	 	-10-	 

     

    

 

		1.10	Schedules

 

The following are the Schedules annexed hereto and incorporated
by reference and deemed to be a part hereof:

 

	Schedule "A"	-	Representations and Warranties of UEC
	Schedule "B"	-	Representations and Warranties of the Purchaser
	Schedule "C"	-	Anderson Property
	Schedule "D"	-	Slick Rock Property
	Schedule "E"	-	Workman Creek Property
	Schedule "F"	-	Form of Royalty
	Schedule "G"	-	Consents and Approvals
	Schedule "H"	-	Form of Declaration

 

Capitalized terms used but not otherwise
defined in the Schedules have the meanings given to them in this Agreement.

 

ARTICLE
2

PURCHASE AND SALE OF ROYALTIES

 

		2.1	Purchase and Sale of Royalties

 

Subject to the terms and conditions set
out in this Agreement, UEC hereby agrees to, in the case of the Slick Rock Royalty and the Workman Creek Royalty, create, grant,
sell and deliver and, in the case of the Anderson Royalty, cause CMC to create, grant and deliver, to the Purchaser, and the Purchaser
hereby agrees to purchase and acquire from UEC, free and clear of any Liens, the Royalties in consideration for the Consideration
Shares payable by the Purchaser to UEC as set forth in Section 2.2 of this Agreement. The terms and conditions of the Royalties
shall be set out in the Royalty Agreements, which shall be executed and delivered on the Closing Date as contemplated under Section
3.1.1 of this Agreement.

 

		2.2	Payment of Purchase Price

 

The Purchaser shall satisfy the Purchase
Price by issuing to UEC 12,000,000 common shares of the Purchaser (the "Consideration Shares") at Closing, which
Consideration Shares will be delivered in accordance with Section 3.2.1(d) of this Agreement and subject to the restrictions set
forth in Section 2.5 of this Agreement.

 

		2.3	Place of Closing

 

The Closing will take place at the Time
of Closing at the offices of Sangra Moller LLP in Vancouver, British Columbia or at such other place as may be agreed upon by the
Parties.

 

    	 	-11-	 

     

    

 

		2.4	Closing

 

The purchase and sale
of the Royalties and the payment of the Purchase Price will be completed simultaneously on the Closing Date, subject to the conditions
precedent in Article 3 of this Agreement having been satisfied or waived by the Party entitled to waive such conditions.

 

		2.5	Consideration Shares

 

		2.5.1	In addition to any statutory hold periods under Applicable
Laws, UEC covenants and agrees that it will not sell, transfer or otherwise dispose of any Consideration Shares (directly or indirectly)
until the date that is:

 

		(a)	six (6) months after the IPO Date, in respect of 4,000,000
of the Consideration Shares issued to it pursuant to this Agreement;

 

		(b)	twelve (12) months after the IPO Date, in respect of an
additional 4,000,000 of the Consideration Shares issued to it pursuant to this Agreement; and

 

		(c)	eighteen (18) months after the IPO Date, in respect of
the balance of the Consideration Shares issued to it pursuant to this Agreement.

 

		2.5.2	UEC covenants and agrees that, subject to compliance with
Section 2.5.1 of this Agreement, it shall not:

 

		(a)	for a period of thirty-six (36) months after Closing, sell
or otherwise dispose of any Consideration Shares (directly or indirectly) it holds, in any single or series of related transactions,
without first providing the Purchaser ten (10) Business Days to privately place such Consideration Shares at market prices (after
which it may sell such Consideration Shares for a period of thirty (30) days for no less than the price set out in any offer obtained
by the Purchaser and, for the sake of clarity, after such 30-day period, UEC must provide notice in accordance with this Section
2.5.2(a) for any future proposed dispositions);

 

		(b)	subject to prior compliance with Section 2.5.2(a) of this
Agreement, sell or otherwise dispose of any Consideration Shares, representing more than 10% of the volume of the Consideration
Shares traded on the Exchange (or such other exchange or quotation service which is the primary exchange or quotation service
for the Consideration Shares from time to time) in any given day; and

 

		(c)	for a period of forty-eight (48) months after Closing:

 

		(i)	vote any of its Consideration Shares against management
recommendations at any meeting of holders of Consideration Shares; and

 

		(ii)	solicit proxies in connection with any meeting of holders
of Consideration Shares, initiate any shareholder proposal or takeover bid for securities of the Purchaser or otherwise attempt
to cause a change of Control of the Purchaser.

 

    	 	-12-	 

     

    

 

		2.5.3	UEC covenants and agrees that it will only deposit and
hold its Consideration Shares in a separate and segregated account and shall provide the Purchaser with copies of all statements
and transaction records related to such account immediately upon receipt of same and such other reasonable documentation required
by the Purchaser in order to confirm compliance with the above restrictions.

 

		2.5.4	UEC acknowledges and agrees that:

 

		(a)	in addition to any legend required under Applicable Law,
the share certificates or other document delivered to UEC pursuant to this Agreement that evidence the Consideration Shares issued
to it hereunder may include a legend indicating that such Consideration Shares are subject to the restrictions set forth in this
Section 2.5;

 

		(b)	until the IPO, in addition to the other restrictions set
forth herein or under Applicable Law, the Consideration Shares cannot be transferred without the previous consent of the board
of directors of the Purchaser, expressed by resolution of the Purchaser's board of directors, at the sole discretion of such board
of directors;

 

		(c)	the IPO or any transaction pursuant to which the common
shares of the Purchaser are listed on an Exchange, including by way of reverse take-over, amalgamation, plan of arrangement of
similar transaction, may require the Consideration Shares to become subject to standard hold periods applicable under applicable
securities Laws, and may additionally require that such securities be pooled or escrowed pursuant to the policies of a stock exchange
or trading system. UEC agrees to sign any such pooling or escrow agreement and abide by any such restrictions as may be so imposed;

 

		(d)	the Consideration Shares have not been and will not be
registered under the U.S. Securities Act or the securities laws of any state of the United States and that the Consideration Shares
may not be offered or sold, directly or indirectly, in the United States without registration under the U.S. Securities Act and
applicable state securities laws or compliance with the requirements of an exemption from registration therefrom and UEC acknowledges
that the Purchaser has no present intention of filing a registration statement under the U.S. Securities Act or applicable state
securities laws in respect of such securities;

 

    	 	-13-	 

     

    

 

		(e)	it understands and acknowledges that the Consideration
Shares are "restricted securities" within the meaning of Rule 144 under the U.S. Securities Act and, without limiting
the generality or application of the foregoing, if UEC decides to sell, pledge or otherwise transfer any of the securities purchased
hereunder, it will not offer, sell or otherwise transfer any such Consideration Shares directly or indirectly, unless: (i) the
sale is to the Purchaser; (ii) the sale is made outside the United States in accordance with Regulation S under the U.S. Securities
Act and in compliance with applicable local laws and regulations; (iii) the sale is made pursuant to Rule 144 under the U.S. Securities
Act and in accordance with any applicable state securities or "blue sky" Laws, and it has prior to such sale, furnished
to the Purchaser an opinion of counsel to that effect, which opinion and counsel shall be satisfactory to the Purchaser; (iv)
the Consideration Shares are sold in a transaction that does not require registration under the U.S. Securities Act or any applicable
state securities or "blue sky" Laws governing the offer and sale of securities, and it has prior to such sale, furnished
to the Purchaser an opinion of counsel to that effect, which opinion and counsel shall be satisfactory to the Purchaser; or (v)
the Consideration Shares are registered under the U.S. Securities Act and any applicable state Laws governing the offer and sale
of such securities, and UEC understands and agrees that the Purchaser may instruct its registrar and transfer agent not to record
any transfer of the Consideration Shares without first being notified by the Purchaser that it is satisfied, acting reasonably,
that such transfer is exempt from or not subject to registration requirements of the U.S. Securities Act and applicable state
securities Laws; and

 

		(f)	in addition to any other legend contemplated in this Section
2.5.4 of this Agreement, the share certificates or other document evidencing the Consideration Shares will bear the following
legends and/or notations under Applicable Laws:

 

		(i)	"Unless permitted
under securities legislation, the holder of this security must not trade the security before the date that is FOUR months and
a day after the later of: (i) [Closing Date TO BE INSERTED] and (ii) the date the issuer became a reporting issuer in any
province or territory"; and

 

		(ii)	"THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS.
THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF URANIUM ROYALTY CORP. (THE "CORPORATION")
THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B) OUTSIDE THE UNITED
STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS
AND REGULATIONS, (C) WITHIN THE UNITED STATES IN ACCORDANCE WITH RULE 144 UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, AND IN
COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S.
SECURITIES ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER HAS, IN TRANSACTIONS UNDER (C) AND (D), PRIOR TO SUCH SALE, FURNISHED
TO THE CORPORATION AN OPINION OF COUNSEL TO THAT EFFECT, WHICH OPINION AND COUNSEL SHALL BE SATISFACTORY TO THE CORPORATION. DELIVERY
OF THIS CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA",

 

    	 	-14-	 

     

    

 

provided that if the Consideration
Shares are being sold by UEC (subject to compliance with the terms of this Agreement and Applicable Laws) outside of the United
States in compliance with the requirements of Rule 904 of Regulation S under the U.S. Securities Act, and the Consideration
Shares were acquired when the Purchaser qualified as a "foreign issuer" (as defined in Rule 902 of Regulation S),
the legend set forth in Section 2.5.4(f)(ii) above may be removed by UEC providing to the Purchaser a declaration to the Purchaser
(or its transfer agent, if applicable) in the form set forth at Schedule "H" of this Agreement.

 

		2.6	Allocation of Purchase Price

 

The allocation of the Purchase Price (including
agreed deemed value of the Consideration Shares) shall be as set forth in the letter agreement between the parties dated the date
hereof.

 

ARTICLE
3

CONDITIONS

 

		3.1	Closing Conditions for the Benefit of the Purchaser

 

		3.1.1	The obligations of the Purchaser to complete the transactions
contemplated in this Agreement shall be subject to the satisfaction of, or compliance with, at or before the relevant Time of
Closing, each of the following conditions precedent (each of which is hereby acknowledged to be inserted for the exclusive benefit
of the Purchaser and may be waived by it in writing in whole or in part):

 

		(a)	each of the representations and warranties of UEC or CMC
made in or pursuant to this Agreement or in any Closing Document delivered pursuant hereto shall be true and correct in all material
respects (other than those representations and warranties that are qualified by materiality which shall be true and correct in
all respects) as and when made and at and as of the Time of Closing as though such representations and warranties were made at
and as of the Time of Closing (except, in any case, that representations and warranties that expressly speak of a specific time
need only be true and correct as of such specified date or time);

 

		(b)	all obligations, agreements and covenants of UEC to be
completed prior to the Time of Closing shall have been performed or completed by it in all material respects, as applicable;

 

		(c)	UEC shall have delivered to the Purchaser a certificate
from a senior officer, dated as of the Closing Date, certifying that the conditions of Section 3.1.1(a) and Section 3.1.1(b) hereof
have been satisfied;

 

    	 	-15-	 

     

    

 

		(d)	UEC shall have delivered to the Purchaser an officer's
certificate of each of UEC and CMC, dated as of the Closing Date, in form and substance reasonably satisfactory to the Purchaser,
certifying: (a) its constating documents; (b) the resolutions of their board of directors authorizing the execution and delivery
of this Agreement and the Royalty Agreements, as applicable, and the completion of the transactions contemplated hereby and thereby;
and (c) incumbency and signatures of the signatories executing this Agreement or any of the Closing Documents, as applicable;

 

		(e)	all consents or approvals from, or notifications to, any
Person required to create, and grant the Royalties to the Purchaser (including those set forth in the "G" of this Agreement)
will have been obtained by UEC and CMC and copies of which will have been provided by UEC to the Purchaser on or before the Time
of Closing, in form satisfactory to the Purchaser acting reasonably;

 

		(f)	UEC shall have delivered to the Purchaser the written acknowledgement
of any third parties with any Lien or other interest in the Properties as required by, and in form satisfactory to, the Purchaser
acting reasonably;

 

		(g)	the Purchaser shall have received evidence satisfactory
to it, acting reasonably, that all necessary or desirable registrations have been filed with appropriate Governmental Bodies to
evidence the Royalties against title to the respective Properties;

 

		(h)	no Order shall have been issued or made and no legal or
regulatory requirement shall remain to be satisfied, in either case which has the effect of making void, unlawful or otherwise
prohibiting the creation and sale of the Royalties as contemplated herein;

 

		(i)	all Governmental Approvals with respect to approval by
any Governmental Body of the creation, grant and sale of the Royalties to the Purchaser, shall have been obtained;

 

		(j)	no action or proceeding will be pending or threatened by
any Person to enjoin, restrict or prohibit the purchase, creation, grant and sale of the Royalties contemplated hereby;

 

		(k)	no change, effect, event, development, occurrence or state
of facts or combination thereof that is, or would be, materially adverse to the Royalties, the Properties or the Projects, shall
have occurred since the date of this Agreement;

 

		(l)	each of the parties to the Royalty Agreements, as applicable,
shall have executed and delivered the applicable Royalty Agreements to each counterparty;

 

		(m)	UEC shall have delivered to the Purchaser all of the information
requested by the Purchaser, acting reasonably, to conduct technical, legal and financial due diligence with respect to the Projects,
the Properties and the Royalties, and shall have provided access to the Purchaser to visit and inspect the Properties for purposes
of such due diligence;

 

 

    	 	-16-	 

     

    

 

		(n)	no material adverse change shall have occurred with respect
to any of the Properties or Projects;

 

		(o)	the Purchaser shall have obtained from its lenders all
requisite consents to, and approvals of, the transactions contemplated in this Agreement; and

 

		(p)	UEC shall deliver, or cause to be delivered, to the Purchaser
such other documents as the Purchaser may reasonably require pursuant to the transactions contemplated hereunder.

 

		3.1.2	If any condition in Section 3.1.1 hereof shall not have
been satisfied at or prior to September 30, 2018, the Purchaser may, without limiting any other right that it may have, at its
sole option either:

 

		(a)	rescind this Agreement by notice to UEC and, in such event,
the Purchaser shall be released from all obligations; or

 

		(b)	waive compliance with any such term, covenant or condition
in whole or in part on such terms as may be agreed upon without prejudice to any of its rights of rescission in the event of non-performance
of any other term, covenant or condition in whole or in part.

 

		3.2	Closing Conditions for the Benefit of UEC

 

		3.2.1	The obligations of UEC to complete the transactions contemplated
in this Agreement shall be subject to the satisfaction of, or compliance with, at or before the Time of Closing, each of the following
conditions precedent (each of which, as applicable, is hereby acknowledged to be inserted for the exclusive benefit of UEC and
may be waived by it in writing in whole or in part):

 

		(a)	each of the representations and warranties of the Purchaser
made in or pursuant to this Agreement or in any Closing Document delivered pursuant hereto shall be true and correct in all material
respects (other than those representations and warranties that are qualified by materiality which shall be true and correct in
all respects) as and when made and at and as of the Time of Closing as though such representations and warranties were made at
and as of the Time of Closing (except, in any case, that representations and warranties that expressly speak of a specific time
need only be true and correct as of such specified date or time);

 

		(b)	all obligations, agreements and covenants of the Purchaser
to be completed prior to the Time of Closing shall have been performed or completed by the Purchaser in all material respects,
as applicable;

 

    	 	-17-	 

     

    

 

		(c)	the Purchaser shall have delivered to UEC a certificate
from a senior officer certifying that the conditions of Section 3.2.l (a) and Section 3.2.l (b) hereof and have been satisfied;

 

		(d)	the Purchaser shall have delivered to UEC a share certificate
representing the Consideration Shares, registered in the name of UEC;

 

		(e)	all Governmental Approvals with respect to approval by
any Governmental Body of the creation, grant and sale of the Royalties to the Purchaser shall have been obtained; and

 

		(f)	the Purchaser shall deliver to UEC such other documents
as UEC may reasonably require pursuant to the transactions contemplated hereunder.

 

		3.2.2	If any condition in Section 3.2.1 shall not have been satisfied
at or prior to September 30, 2018, UEC may, without limiting any other right that it may have, at its option, either:

 

		(a)	rescind this Agreement by notice to the Purchaser and,
in such event UEC shall be released from all obligations hereunder; or

 

		(b)	waive compliance with any such term, covenant or condition
in whole or in part on such terms as may be agreed upon without prejudice to any of its rights of rescission in the event of non-performance
of any other term, covenant or condition in whole or in part.

 

		3.3	Specific Performance

 

In the event of any actual or threatened
breach by any of the Parties of any of the covenants or agreements in this Agreement, the Party who is or is to be thereby aggrieved
shall have the right, to the extent allowed under Applicable Law, to seek specific performance and injunctive relief giving effect
to its rights under this Agreement, in addition to any other rights and remedies at law or in equity. The Parties agree that any
such breach or threatened breach would cause irreparable injury, that the remedies at law for any such breach or threatened breach,
including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance
that a remedy at law would be adequate is waived.

 

ARTICLE
4

REPRESENTATIONS AND WARRANTIES OF UEC

 

		4.1	Representations and Warranties of UEC

 

The representations and warranties of UEC
are set out in Schedule "A" to this Agreement.

 

    	 	-18-	 

     

    

 

		4.2	Survival of the Representations, Warranties and Covenants

 

		4.2.1	The representations and warranties of UEC set forth in
this Agreement shall survive the completion of the transactions herein provided for and shall continue for the benefit of the
Purchaser for the following periods notwithstanding such completion and any inspections or inquiries made by or on behalf of the
Purchaser:

 

		(a)	the representations and warranties set out in Schedule
 "A", save for the representations or warranties described in Section 4.2.1(b) of this Agreement, shall survive for a
period of three (3) years from the Closing Date; and

 

		(b)	any representations or warranties that prove to be untrue
or incorrect in a material respect (or, in the case of representations and warranties that are qualified by materiality, untrue
or incorrect in any respect) as a result of any fraudulent misrepresentation made by UEC shall survive indefinitely.

 

		4.2.2	For greater certainty, the expiry of the survival period
applicable to a representation or warranty shall be without prejudice to any Claim for indemnification based on any inaccuracy
or misrepresentation in such representation or warranty made prior to such expiry pursuant to this Agreement. For the sake of
clarity, any representation or warranty set forth in the Royalty Agreements shall not be subject to this Section 4.2.

 

ARTICLE
5

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

		5.1	Representations and Warranties of the Purchaser

 

The representations and warranties of the
Purchaser are set out in Schedule "B" to this Agreement.

 

		5.2	Survival of the Representations, Warranties and Covenants

 

		5.2.1	The representations and warranties of the Purchaser set
forth in this Agreement shall survive the completion of the transactions herein provided for and shall continue for the benefit
of UEC for the following periods notwithstanding such completion and any inspections or inquiries made by or on behalf of UEC:

 

		(a)	the representations and warranties set out in Schedule
 "B", save for the representations or warranties described in Section 5.2.1(b), shall survive for a period of three (3)
years from the Closing Date; and

 

		(b)	any representations or warranties that prove to be untrue
or incorrect in a material respect (or, in the case of representations and warranties that are qualified by materiality, untrue
or incorrect in any respect) as a result of any fraudulent misrepresentation made by the Purchaser shall survive indefinitely.

 

		5.2.2	For greater certainty, the expiry of the survival period
applicable to a representation or warranty shall be without prejudice to any Claim for indemnification based on any inaccuracy
or misrepresentation in such representation or warranty made prior to such expiry pursuant to this Agreement.

 

    	 	-19-	 

     

    

 

ARTICLE
6

COVENANTS

 

		6.1	Representations and Warranties of UEC

 

		6.1.1	UEC shall ensure that its representations and warranties
contained in this Agreement and CMC's representations contained in any Closing Document are true and correct in all material respects
(other than those representations and warranties that are qualified by materiality which shall be true and correct in all respects).

 

		6.1.2	UEC shall immediately disclose in writing to the Purchaser
any matter inconsistent in any material respect with any of the representations or warranties of UEC contained herein and any
of the representations of CMC contained in any Closing Document. No such disclosure, however, will cure any misrepresentation
or breach of warranty for the purposes of Section 3.1.l (a) hereof.

 

		6.2	Representations and Warranties of the Purchaser

 

The Purchaser shall ensure that
its representations and warranties contained in this Agreement are true and correct in all material respects (other than those
representations and warranties that are qualified by materiality which shall be true and correct in all respects).

 

		6.3	Taxes

 

		6.3.1	UEC understands that no goods and services, value added,
excise, transfer or similar taxes levied under any Governmental Body (collectively, the "Transfer Taxes") in
respect of the sale of the Royalties to the Purchaser will be due and payable, and therefore agrees that it will not require payment
of Transfer Taxes on Closing.

 

		6.3.2	Notwithstanding Section 6.3.1, the Purchaser shall be liable
for and shall pay when due any Transfer Taxes levied by any Governmental Body in respect of the sale to the Purchaser of the Royalties
to the Purchaser (excluding, for greater certainty, any income or capital gains taxes which shall be the responsibility of UEC),
provided that UEC and the Purchaser shall use their commercially reasonable efforts in good faith to minimize any applicable Transfer
Taxes. The Purchaser shall have the right to contest the imposition of any Transfer Taxes, and UEC shall cooperate with the Purchaser
in any opposition, contest, challenge or any attempt by any Governmental Body to impose Transfer Taxes.

 

    	 	-20-	 

     

    

 

		6.4	Compliance Verification and Access

 

UEC shall permit the Purchaser, directly
or indirectly through its agents and representatives at its own expense and on reasonable notice to UEC at any time prior to the
Time of Closing, to have full access to the Properties for the purposes of, among other things, verifying the compliance of UEC
with its representations, warranties and covenants hereunder. Such investigations and inspections shall not, however, affect or
mitigate the representations and warranties of UEC hereunder, which shall continue in full force and effect. The Purchaser shall
endeavour to ensure that all such access, investigations and inspections will be conducted in a commercially reasonable manner.

 

		6.5	Additional Covenants of UEC

 

		6.5.l	During the Interim Period, UEC shall:

 

		(a)	preserve and protect and cause its Subsidiaries to preserve
and protect, the Properties and Projects and shall not, and shall cause its Subsidiaries not to, sell, transfer or dispose of
any of the Properties or Projects without the prior written consent of the Purchaser;

 

		(b)	not, and cause its Subsidiaries not to, take any action
or enter into any transaction involving or otherwise affecting the Properties or Projects which, if taken or entered into before
Closing, could cause any representation or warranty of UEC in this Agreement to be incorrect or constitute a breach of any covenant
or agreement of UEC contained herein;

 

		(c)	except as contemplated under this Agreement, none of UEC
or its Subsidiaries shall enter into or amend any Contracts involving or otherwise affecting the Properties, Projects or Royalties
or resolve, commit, or enter into any agreement, arrangement, commitment or understanding with respect to any of the foregoing.
UEC will neither exercise nor fail to exercise any rights or options contained in any Contract involving or otherwise affecting
the Properties, Projects or Royalties without the prior written consent of the Purchaser, acting reasonably. UEC shall, and shall
cause CMC to, observe and perform in a timely manner all of their respective material covenants and obligations under all Contracts
involving or otherwise affecting the Properties and in the case of a default by another party thereto, it will upon discovery
forthwith advise the Purchaser of such default and shall, if requested by the Purchaser, acting reasonably, enforce all of its
rights under such Contracts in respect of such default;

 

		(d)	UEC shall, at its own expense, use its reasonable efforts
to obtain on or prior to September 15, 2018, all acknowledgements, certificates, consents or waivers of Third Parties, required
to consummate the transactions contemplated by this Agreement and the Royalty Agreements, including those set forth at Schedule
 "G" to this Agreement;

 

		(e)	as soon as practicable, UEC shall, and shall cause CMC
to, make all filings, notices or requests for approval required to be given or made to any Governmental Body in connection with
the creation, grant and sale of the Royalties as contemplated by this Agreement;

 

    	 	-21-	 

     

    

 

		(f)	UEC shall, and shall cause CMC to, maintain the Properties
in good standing (by, among other things, performing all required assessment work and paying all Taxes and fees payable under
Applicable Law or otherwise on the Properties), duly maintain Books and Records in respect of the Projects in accordance with
industry standards, and shall continue to operate its assets in respect of the Projects in the ordinary course consistent with
past practices;

 

		(g)	UEC shall, and shall cause CMC to, continue to maintain
in good standing any policies of insurance maintained by UEC or CMC in respect of the Properties and shall present all claims
under such policies in a due and timely manner;

 

		(h)	UEC shall, and shall cause each of its Subsidiaries to,
comply in all material respects with all Applicable Laws involving or otherwise affecting the Properties or Projects; and

 

		(i)	UEC shall ensure that all corporate action is taken by
it and CMC, as applicable, to approve the transactions contemplated herein and in the Royalty Agreements and satisfy its covenants
provided herein and the covenants of UEC and CMC contained in the Closing Documents.

 

		6.5.2	From and after the Closing Date, UEC covenants that it
will not, and will cause CMC not to, create, grant or sell any further royalties or similar interests in respect of any of the
Properties without the prior written consent of the Purchaser, which consent will not be unreasonably withheld, provided that
such royalties or similar interests in respect of any of the Properties does not, in the determination of the Purchaser, acting
reasonably, adversely impact the Royalties.

 

		6.5.3	From and after the Closing Date, UEC will, and will cause
its Affiliates to, take all necessary actions to maintain each Property in good standing and preserve it and its Affiliates' interests
in the Properties.

 

		6.5.4	From and after the Closing Date, UEC shall not take, or
allow any of its Affiliates to take, any action inconsistent with the terms of the Royalty Agreements or the transactions contemplated
therein and shall cause CMC to comply with the terms of the Anderson Royalty Agreement.

 

		6.6	Announcements and Confidential Information

 

		6.6.1	No news release concerning the sale and purchase of the
Royalties, or the terms or conditions of this Agreement shall be made by any of the Parties except as may be required by Applicable
Law or the rules of any stock exchange on which the shares of UEC or the Purchaser are listed. Each Party will advise and consult
with the other Party prior to any such announcement or disclosure required on Closing.

 

    	 	-22-	 

     

    

 

		6.6.2	Subject to Section 6.6.3 the Parties will keep all Confidential
Information confidential and will not, without the prior written consent of the other Party, disclose in any manner, in whole
or in part, any Confidential Information.

 

		6.6.3	Each Party undertakes that neither it nor its respective
directors, officers, employees, representatives, agents or contractors will, without the prior written consent of the other Party,
disclose any Confidential Information to any Third Party unless:

 

		(a)	the disclosure is expressly permitted by this Agreement;

 

		(b)	the information is already in the public domain (unless
it entered the public domain because of a breach of this Section 6.6 by the Party);

 

		(c)	the disclosure is made on a confidential basis to the Party's
directors, officers, employees, agents, financiers, financial, legal or professional advisers, and is necessary for the Party's
business;

 

		(d)	the disclosure is necessary to comply with any Applicable
Law, or an Order;

 

		(e)	the disclosure is necessary to comply with a directive
or request of any Governmental Body, securities regulator or stock exchange (whether or not having the force of Law) so long as
a responsible person in a similar position would comply;

 

		(f)	the disclosure is necessary or desirable to obtain an authorization
from any Governmental Body, securities regulator or stock exchange;

 

		(g)	in the case of the Purchaser, the disclosure is made in
connection with the IPO; or

 

		(h)	the disclosure is necessary in relation to any discovery
of documents, or any proceedings before a court, tribunal, other Governmental Body, securities regulator or stock exchange.

 

ARTICLE
7

INDEMNIFICATION

 

		7.1	Indemnity of UEC

 

UEC shall indemnify and save harmless the
Purchaser and its Representatives for, from and against all Losses directly or indirectly suffered by them or any of them resulting
from: (i) any breach of any covenant of UEC contained in this Agreement or of UEC or CMC in the Closing Documents, including, but
not limited to, the Royalty Agreements; (ii) any representation or warranty of UEC in this Agreement or of UEC or CMC in any of
the Closing Documents, including but not limited to, the Royalty Agreements, that is not true and correct; (iii) any Liabilities
for Taxes levied by any Governmental Body with respect to the sale to the Purchaser of the Royalties other than any Transfer Taxes;
and (iv) any Liabilities caused, directly or indirectly, by UEC or CMC as a result of or arising out of the ownership of the Properties
or conduct of their respective activities on the Properties. For clarity, UEC acknowledges that the Purchaser shall not have title
to the Properties or any portion thereof, and that the acquisition of the Royalties shall not create or be deemed to create a partnership
or joint venture and that, as a result, the Purchaser shall not be subject to any Liabilities arising, among other things, under
Environmental Laws for which UEC and CMC shall be solely responsible.

 

    	 	-23-	 

     

    

 

		7.2	Indemnity of Purchaser

 

The Purchaser shall indemnify and save
harmless UEC and CMC and their Representatives from and against all Losses directly or indirectly suffered by them or any of them
resulting from: (i) any breach of any covenant of the Purchaser contained in this Agreement or any of the Closing Documents, including,
but not limited to the Royalty Agreements; or (ii) any representation and warranty of the Purchaser set forth in this Agreement
or any of the Closing Documents, including, but not limited to, the Royalty Agreements, that is not true and correct.

 

		7.3	Notice of and Defence of Third Party Claims

 

		7.3.1	If an Indemnified Party receives written notice of the
commencement or assertion of any Third Party Claim in respect of which the Indemnified Party believes the Indemnifying Party has
liability under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof.
To the extent reasonable and practical given the information readily available to the Indemnified Party, such notice to the Indemnifying
Party shall describe the Third Party Claim in reasonable detail and shall indicate (without prejudice to the Indemnified Party's
rights) the estimated amount of the Loss that has been or may be sustained by the Indemnified Party in respect thereof, provided
that the failure to give such notice within such time period shall not reduce the Indemnified Party's rights hereunder, except
to the extent of any actual prejudice suffered as a result of such failure due to the loss of substantive defences.

 

		7.3.2	The Indemnifying Party shall have the right, by giving
notice to that effect to the Indemnified Party not later than thirty (30) days after receipt of such notice of such Third Party
Claim and subject to the rights of any insurer or other Third Party having potential liability therefor, to elect to assume the
defence of any Third Party Claim at the Indemnifying Party's own expense and by the Indemnifying Party's own counsel, provided
that the Indemnifying Party shall not be entitled to assume the defence of any Third Party Claim: (i) to the extent it alleges
any criminal or quasi-criminal wrongdoing (including fraud); (ii) to the extent it impugns the reputation of the Indemnified Party;
or (iii) where the Third Party making the Third Party Claim is a Governmental Body.

 

		7.3.3	Prior to settling or compromising any Third Party Claim
in respect of which the Indemnifying Party has the right to assume the defence, the Indemnifying Party shall obtain the consent
of the Indemnified Party regarding such settlement or compromise. In addition, the Indemnified Party shall be entitled to participate
in (but not control) the defence of any Third Party Claim (and in so doing may retain its own counsel) at the cost and expense
of the Indemnified Party.

 

    	 	-24-	 

     

    

 

		7.3.4	With respect to any Third Party Claim in respect of which
the Indemnified Party has given notice to the Indemnifying Party pursuant to Section 7.3.2 and in respect of which the Indemnifying
Party is not entitled to assume the defence or has not elected to do so, the Indemnifying Party may participate in (but not control)
such defence assisted by counsel of its own choosing at the Indemnifying Party's sole cost and expense.

 

		7.3.5	At their own cost and expense, the Indemnifying Party and
Indemnified Party shall use all reasonable efforts to make available to the Party which is undertaking and controlling the defence
of any Third Party Claim:

 

		(a)	those employees whose assistance, testimony or presence
is necessary to assist such Party in evaluating and in defending any Third Party Claim; and

 

		(b)	all documents, records and other materials in the possession
of such Party reasonably required by such Party for its use in defending any Third Party Claim,

 

and shall
otherwise co-operate with the Party defending such Third Party Claim.

 

		7.3.6	If the Indemnifying Party elects to assume the defence
of any Third Party Claim as provided in Section 7.3.2 and fails to take reasonable steps necessary to defend diligently such Third
Party Claim within thirty (30) days after receiving notice from the Indemnified Party that the Indemnified Party believes on reasonable
grounds that the Indemnifying Party has failed to take such steps, the Indemnified Party may, at its option, elect to assume the
defence of and to compromise or settle the Third Party Claim assisted by counsel of its own choosing and the Indemnifying Party
shall be liable for all costs and expenses paid or incurred in connection therewith.

 

		7.3.7	Upon making a payment in full of any Loss, the Indemnifying
Party shall, subject to the rights of any insurers and to the extent of such Loss, be subrogated to all rights of the Indemnified
Party against any Third Party in respect of such Loss.

 

		7.3.8	Any Person providing indemnification pursuant to the provisions
of this Article 7 is referred to herein as an "Indemnifying Party", and any Person entitled to be indemnified
pursuant to the provisions of this Article 7 is referred to herein as an "Indemnified Party".

 

		7.4	Tax Treatment of Indemnity Payments

 

The Parties agree to
treat any indemnity payment made pursuant to this Article 7 as an adjustment to the Purchase Price for all income tax purposes,
except to the extent otherwise required by Applicable Law.

 

    	 	-25-	 

     

    

 

ARTICLE
8

GENERAL

 

		8.1	Further Assurances

 

Each of the Parties shall
from time to time execute and deliver, and UEC shall also cause its Subsidiaries to execute and deliver, all such further documents
and instruments and do all acts and things as the other Party may, either before or after the Closing Date, reasonably require
to effectively carry out or better evidence or perfect the full intent and meaning of this Agreement.

 

		8.2	Third Party Beneficiaries

 

Except as provided in Article 7, nothing
in this Agreement or in any Closing Document is intended or by implication to, or shall, confer upon any Person (other than the
Parties and their permitted assigns) any rights or remedies of any kind.

 

		8.3	Time of the Essence

 

Time shall be of the essence
of this Agreement.

 

		8.4	Fees and Expenses

 

Except as provided herein
or in the Royalty Agreements or as otherwise provided in this Agreement, each of the Parties shall bear its own costs and expenses
arising from the transactions in respect of this Agreement and the Royalty Agreements as contemplated by this Agreement.

 

		8.5	Benefit of the Agreement

 

This Agreement shall
enure to the benefit of and be binding upon the respective successors and permitted assigns of the Parties.

 

		8.6	Entire Agreement

 

This Agreement constitutes
the entire agreement among the Parties with respect to the subject matter hereof and cancels and supersedes any prior understandings
and agreements between or among the Parties with respect thereto.

 

		8.7	Amendments and Waiver

 

No modification of or
amendment to this Agreement shall be valid or binding unless set forth in writing and duly executed by the Parties and no waiver
of any breach of any term or provision of this Agreement shall be effective or binding unless made in writing and signed by the
Party purporting to give the same and, unless otherwise provided, shall be limited to the specific breach waived.

 

    	 	-26-	 

     

    

 

		8.8	Assignment

 

This Agreement may not
be assigned by a Party without the written consent of the other Party.

 

		8.9	Notices

 

Any notice, demand, consent
or other communication ("Notice") given or made under this Agreement:

 

		(a)	must be in writing and signed by a person duly authorised
by the sender;

 

		(b)	must be delivered to the intended recipient by hand, courier,
facsimile or email to the addresses below or the addresses last notified by the intended recipient, to the sender:

 

		(i)	to UEC:

 

Uranium Energy
Corp.

 

500 North Shoreline,
Suite 800

Corpus Christi, Texas

78401

 

Attention: Amir
Adnani, President and CEO

Facsimile No.: (361) 888-5041

 

With a copy to
(which shall not constitute notice):

 

McMillan LLP

Royal Centre, Suite 1500

1055 West Georgia Street, PO Box 11117

Vancouver, British Columbia

V6E 4N7

 

Attention: Thomas
Deutsch

Facsimile No.: (604) 685 7084

 

		(ii)	to the Purchaser:

 

Uranium Royalty
Corp.

502-211 Yonge Street

Toronto, Ontario

M5B 1M4

 

Attention: Philip
Williams, President

 

    	 	-27-	 

     

    

 

With a copy to
(which shall not constitute notice:

 

Sangra Moller
LLP

1000 Cathedral Place

925 West Georgia Street

Vancouver, British Columbia

V6C 3L2

 

Attention: Rod
Talaifar

Facsimile No.: (604) 669 8803

 

		(c)	Any Notice will be deemed to have been given and received:

 

		(i)	if personally delivered, then on the day of personal service
to the recipient party, provided that if such date is a day other than a Business Day such notice will be deemed to have been
given and received on the first Business Day following the date of personal service;

 

		(ii)	if by courier, then on the day of receipt by the recipient
party, provided that if such date is a day other than a Business Day such notice will be deemed to have been given and received
on the first Business Day following the date of personal service; or

 

		(iii)	if sent by facsimile transmission or e-mail and successfully
transmitted prior to 4:00 p.m. on a Business Day where the recipient is located, then on that Business Day, and if transmitted
after 4:00 p.m. on a Business Day where the recipient is located or on the day that is not a Business Day where the recipient
is located, then on the first Business Day following the date of transmission.

 

		8.10	Governing Law

 

This Agreement is governed by and shall
be interpreted and enforced in accordance with the Laws of the Province of British Columbia and the federal Laws of Canada applicable
therein. The Parties hereby irrevocably submit and consent to the non-exclusive jurisdiction of the courts of the Province of British
Columbia in connection with any matter arising out of or in connection with this Agreement.

 

		8.11	Counterparts and Faxed Signatures

 

This Agreement may be
executed in two or more counterparts (including counterparts delivered by facsimile or email), all of which, taken together, shall
be regarded as one and the same Agreement. Counterparts may be delivered by facsimile or email and the Parties adopt any signatures
received by facsimile or email as original signatures of the Parties.

 

    	 	-28-	 

     

    

 

		8.12	Paramountcy

 

In the event of any conflict
between the provisions of this Agreement and the provisions of any of the Royalty Agreements with respect to the Royalties, the
provisions of the applicable Royalty Agreement shall govern.

 

IN WITNESS WHEREOF
the Parties have executed this Agreement.

 

	 	 	URANIUM ENERGY CORP.
	 	 	 
	 	 	By: 	/s/ Pat Obara
	 	 	Name: Pat Obara
	 	 	Title:   Secretary and CFO
	 	 	 
	 	 	URANIUM ROYALTY CORP.
	 	 	 
	 	 	By:	 /s/ Philip Williams
	 	 	Name: Philip Williams
	 	 	Title:   President

 

    	 	-29-	 

     

    

 

SCHEDULE "A"

REPRESENTATIONS AND WARRANTIES

OF UEC

 

Except as specifically disclosed
in the Disclosure Schedule (which shall make specific reference to the applicable section, subsection, paragraph or subparagraph
below in which such qualification is made), UEC hereby represents and warrants to the Purchaser as follows and acknowledges that
the Purchaser is relying upon such representations and warranties in connection with the matters contemplated by this Agreement:

 

		(a)	Organization and Good Standing. Each of UEC and
CMC is a corporation duly incorporated and validly subsisting under the Laws of its jurisdiction of incorporation. Each of UEC
and CMC is registered, licensed or otherwise qualified in each applicable jurisdiction as required under Applicable Law to carry
on its Business.

 

		(b)	No Violation or Rights of Termination or Acceleration.
The execution and delivery of this Agreement by UEC does not, and the consummation of the transactions contemplated hereby and
the performance of this Agreement or any of the Closing Documents including the granting of the Royalties and the execution and
delivery of any Closing Document by UEC and CMC, as applicable, will not:

 

		(i)	materially conflict with or result in a material violation,
contravention or breach of any of the terms, conditions or provisions of the notice of articles or articles (or equivalent organizational
documents) of UEC and CMC of any agreement, instrument or license to which any of them is a party or by which any of them is bound
or constitute a material default or violation by either of them thereunder, or result in the creation or imposition of any Lien
upon the any of the Projects or the Properties except by virtue of the granting of the Royalties;

 

		(ii)	to the knowledge of UEC, constitute a default or violation
by UEC or CMC under any Laws to which either of them is subject or by which either of them is bound; or

 

		(iii)	result in any breach of, or constitute a default (or an
event which, with notice or lapse of time or both, would become a default) under, or give to others any right of termination,
amendment, acceleration or cancellation of, or create, give rise to or change any rights or obligations of any Person under, or
result in the creation of a Lien on any of the Projects or Properties pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit or other instrument or obligation to which either of them is a party or by which either of them
or any of their respective property or assets is bound.

 

    	 

     

    

 

		(c)	Consents and Approvals. No consent, approval, license,
permit, order or authorization of, or registration, declaration or filing with, or permit from, any Governmental Body or other
Third Party is required to be obtained or made by or with respect to UEC and CMC in connection with the execution, delivery and
performance of this Agreement, the Royalty Agreements or the completion of the transactions contemplated hereby or thereby, other
than the consent of UEC’s lenders pursuant to a second amended credit agreement between UEC and its lenders, Sprott Resource
Lending Partnership, CEF (Capital Markets) Limited and Resource Income Partners Limited Partnership, dated February 9, 2016, and
all assignees of such lenders, which includes The Rick and Bonnie Rule Family Trust (now named RIBO Trust), Suntrail Investments
Ltd. and Salim Jiwa.

 

		(d)	Capacity. Each of UEC and CMC has the requisite
corporate power, capacity and authority to execute and deliver this Agreement and the Closing Documents to which it is a party,
including the Royalty Agreements, to perform its obligations hereunder and thereunder and to complete the transactions contemplated
hereby and thereby. The execution, delivery and performance of this Agreement and the Closing Documents by UEC and CMC and the
completion of the transactions contemplated hereby and thereby by them, including the Royalty Agreements, have been duly authorized
by their respective boards of directors and no other corporate proceedings on the part of any of them are necessary to authorize
the execution, delivery and performance of this Agreement, the Royalty Agreements or the completion of the transactions contemplated
hereby or thereby by them.

 

		(e)	Binding Agreement. This Agreement has been duly
executed and delivered by UEC and constitutes a legal, valid and binding obligation, enforceable against it in accordance with
its terms, subject to bankruptcy, insolvency and other Laws affecting creditors' rights generally and to general principles of
equity. Upon Closing, each of the Royalty Agreements shall have been duly executed by UEC and CMC, as applicable, and shall constitute
a legal, valid and binding obligation, enforceable against them, respectively, in accordance with its terms, subject to bankruptcy,
insolvency and other Laws affecting creditors' rights generally and to general principles of equity.

 

		(f)	No Bankruptcy Proceedings. There is no bankruptcy,
liquidation, winding-up or other similar proceeding pending or in progress or, to the knowledge of UEC, threatened against UEC
or CMC before any court, administrative, regulatory or similar agency or tribunal.

 

		(g)	Books and Records. All transactions in respect of
the Properties and Projects have been properly and accurately recorded in the appropriate Books and Records and such Books and
Records are correct and complete in all material respects and have been maintained and retained in accordance with, as applicable,
Applicable Law, generally accepted accounting principles, and in the case of technical and scientific information, customary standards
in the mining industry.

 

    	 	A-2	 

     

    

 

		(h)	No Option. Other than as set forth in the Disclosure
Schedule in respect of the Workman Creek Property, no Person other than the Purchaser has any oral or written agreement, option,
warrant, privilege or right, or any right capable of becoming any of the foregoing (whether legal, equitable, contractual or otherwise)
for the purchase of a royalty interest or similar interest in any of the Properties or Projects.

 

		(i)	Royalties. Other than as set forth in the Disclosure
Schedule, upon Closing, the Royalties will each be a first ranking royalty and at least equal as to right of payment as any other
royalties or similar interests granted previously in respect of the applicable Property.

 

		(j)	Absence of Undisclosed Liabilities. To the knowledge
of UEC, none of the Properties and Projects are subject to any Liabilities (other than Permitted Liens) or obligations of any
nature or kind (whether accrued, absolute, contingent or otherwise) other than as otherwise disclosed in this Agreement or as
set forth in the Disclosure Schedule.

 

		(k)	Financial Statements. The Financial Statements of
UEC, each as filed with Canadian securities regulatory authorities or the United States Securities and Exchange Commission, have
been prepared in accordance with generally accepted accounting principles applied on a consistent basis and present fairly in
all material respects, on a consolidated basis, the financial position and the results of operations and the changes in shareholders'
equity and cash flow of UEC and its Subsidiaries for the periods then ended and as at the dates thereof. In the case of unaudited
Financial Statements, this representation is subject to normal, recurring year-end adjustments that would be made in the course
of an audit and would not be material. Neither of UEC or CMC has any Liability or obligation, whether accrued, absolute, contingent
or otherwise, not reflected in the Financial Statements of UEC.

 

		(l)	Litigation. There is no court, administrative, regulatory
or similar proceeding (whether civil, quasi-criminal or criminal), arbitration or other dispute settlement procedure, investigation,
audit, assessment, inquiry, request for information, warrant, charge, suit or Claim by any Governmental Body, or any similar matter
or proceeding (collectively, "Proceedings") in respect of any of the Projects or Properties (whether in progress
or, to the knowledge of UEC, threatened) or against UEC or its Subsidiaries, which, if determined adversely to such parties, would
have a material adverse effect in respect of any of the Projects, Properties or Royalties, and there is no order, ordinance, writ,
judgment, decree, injunction, award or order of any Governmental Body outstanding against UEC or its Subsidiaries which would
have a material adverse effect in respect of any of the Royalties, Properties or Projects. There are no suits, Claims, actions
or Proceedings pending or, to the knowledge of UEC threatened seeking to prevent the transactions contemplated hereby.

 

    	 	A-3	 

     

    

 

		(m)	Tax Matters. Each of UEC and CMC has filed or caused
to be filed, in a timely manner, all Tax Returns required to be filed by it (all of which Tax Returns were correct and complete
in all material respects) and has paid, collected, withheld or remitted, or caused to be paid, collected, withheld or remitted,
all Taxes that are due and payable, collectible and remittable in respect of the relevant period, except, in either case where
such failure to file or to pay, collect, withhold or remit would not have a material adverse effect in respect of the Royalties,
the Properties or the Projects.

 

		(n)	Property:

 

		(i)	Other than as set forth in the Disclosure Schedule, each
of the Properties is in good standing, and each of UEC and CMC has good and marketable title to the respective Properties, free
and clear of any title defects and Liens other than Permitted Liens.

 

		(ii)	Other than as set forth in the Disclosure Schedule, UEC
is the owner and record holder of the mining claims on the Slick Rock Property set out in Schedule "D" of this Agreement
(collectively, in this Schedule, the "Slick Rock Claims") other than with respect to the mining claims leased
by UEC pursuant to the mining lease set forth in Schedule "D" of this Agreement (of which it is the lessee), and is
the claimant of the mining claims on the Workman Creek Property set out in Schedule "E" of this Agreement (collectively,
in this Schedule, the "Workman Creek Claims"). The mining lease set forth at Schedule "D" of this Agreement
in respect of the Slick Rock Property is in good standing and is a valid and binding agreement, enforceable between the parties
thereto in accordance with its terms and provides UEC all the rights necessary to explore, develop, produce and own the minerals
produced from such leased mining claims.

 

		(iii)	Other than as set forth in the Disclosure Schedule, CMC
is the owner and record holder of the mining claims on the Anderson Property set out in Schedule "C" of this Agreement
(collectively, in this Schedule, the "Anderson Claims").

 

		(iv)	The Anderson Claims, the Slick Rock Claims and the Workman
Creek Claims described in Schedules "C", "D" and "E", respectively, of this Agreement constitute
all mineral rights, interests, concessions and licenses necessary to permit UEC (in the case of the Slick Rock Property and the
Workman Creek Property), and CMC (in the case of the Anderson Property) to conduct the exploration and exploitation of minerals
contained at each Property and all such mineral rights, interests, concessions and licenses have been validly issued in accordance
with Applicable Law and are comprised of valid and subsisting mining claims and concessions.

 

    	 	A-4	 

     

    

 

		(v)	Applying customary standards in the mining industry:

 

		(A)	each of the Slick Rock Claims, the Anderson Claims and
the Workman Creek Claims have been properly filed, located, granted and recorded in compliance with Applicable Laws and are in
good standing;

 

		(B)	all assessment work required to be performed and filed,
as at the date hereof or the Closing Date, as applicable, under the Properties has been performed and filed;

 

		(C)	all Taxes and other payments required to be paid in respect
of the Properties have been timely paid;

 

		(D)	all filings required to be filed in respect of the Properties
have been filed; and

 

		(E)	no Person has any interest in any of the Properties or
any right to acquire any interest therein;

 

		(vi)	No Person has any back-in rights, earn-in rights, rights
of first refusal, pre-emptive right, rights of first offer, option rights, royalty rights or similar rights or provisions in respect
of any of the Properties or the Projects, other than those royalty rights and royalty options specifically set forth in the Disclosure
Schedule.

 

		(vii)	There are no adverse claims (including any claim to any
ores, minerals or mineral products present in/on any of the Properties, Projects and any other areas to which the Properties relate),
actions, suits, proceedings or other Claims that have been commenced or, to the knowledge of UEC, that are pending or threatened,
affecting or which could affect the Projects, the Properties or the Royalties.

 

		(viii)	None of UEC or its Subsidiaries have received from any
Governmental Body or any other Person any notice in respect of: (i) any revocation or intention to revoke or not renew its interests
in the Properties, or to renew its interests in the Properties on terms or conditions that are less favourable to it than the
terms and conditions applicable to the Properties as presently in effect, or (ii) any threat or intention to not issue or renew
any Governmental Authorization or other authorizations, approvals, orders, rulings, certificates, consents, directives, notices,
licences, permits, variances, registrations or other rights required by it in connection with the Properties or the Projects.

 

    	 	A-5	 

     

    

 

		(ix)	UEC (in the case of the Slick Rock Property and the Workman
Creek Property) and CMC (in the case of the Anderson Property), have all leases, rights of way, rights to use, surface rights,
easements or other real property interests that are required to conduct all exploration and mining activities in respect of the
applicable Project and Property.

 

		(x)	Each of UEC and CMC has obtained all necessary approvals
required for the creation, grant and sale of each of the Royalties and has the right, as applicable, to create and grant the Royalties
to the Purchaser.

 

		(xi)	All work and activities carried out on the Properties by
or on behalf of UEC or its Subsidiaries or, to the knowledge of UEC, by any other Person has been carried out in compliance, in
all material respects, with all Applicable Laws, and none of UEC and its Subsidiaries has received any notice of any breach or
violation of any such Applicable Laws.

 

		(o)	Mineral Resources. Each of the Technical Reports
was prepared, in all material respects, in accordance with accepted mining, engineering, geoscience and other approved industry
practices and NI 43-101 as it was in effect on the date of the filing of the applicable Technical Report. The information provided
by UEC and CMC to the Qualified Persons (as defined in NI 43-101 as it was in effect on the date of the filing of the applicable
Technical Report) in connection with the preparation of each respective Technical Report was complete and accurate at the time
such information was furnished. No mineral deposits are subject to illegal occupation, and all necessary measures with respect
to sampling method, sampling preparation and security, data verification, and quality assurance and quality control have been
taken to ensure the accuracy and integrity of the data.

 

		(p)	Mining Safety. Each of UEC and CMC's ownership,
operation, development and maintenance of its respective Project are in compliance in all material respects with all Applicable
Laws relating to workers' health, mining safety and the workplace.

 

		(q)	Expropriation. No part of any of the Properties
has been taken, condemned or expropriated by any Governmental Body, nor has any notice or proceeding in respect thereof been given
or commenced and nor does UEC have any knowledge of any intent or proposal by any Governmental Body to give any such notice or
commence any such proceedings.

 

		(r)	Local Community Claims. There are no Claims made
by the community that resides within or near any of the Properties or, to the knowledge of UEC, pending or threatened with respect
to any of the Properties. No community consultations have been required to be held to date pursuant to Applicable Law in respect
of any of the Properties. To the knowledge of UEC, no part of the Projects or Properties is located on sacred or religious grounds.

 

    	 	A-6	 

     

    

 

		(s)	Compliance with Environmental Laws. With respect
to each of the Projects and Properties:

 

		(i)	each of UEC and CMC has been and is in material compliance
with all applicable Environmental Laws;

 

		(ii)	each of UEC and CMC has obtained all licences, permits,
approvals, consents, certificates, registrations and other authorizations under Environmental Laws (the "Environmental
Permits") necessary for conduct of activities on the Projects and Properties as currently operated, and each such Environmental
Permit is valid, and subsisting, and none of UEC or CMC has received any notice that any such Environmental Permits are in default
or that any of them is in breach thereof, and no proceeding is pending or, to the knowledge of UEC, threatened to revoke or limit
any such Environmental Permit;

 

		(iii)	none of UEC or CMC (including, if applicable, any predecessor
companies thereof) has received any notice of any future prosecution, or is currently being prosecuted for, any offence alleging
non-compliance with any Environmental Laws, or Liability for the investigation or remediation of any Disposal or Release of Hazardous
Substances; and

 

		(iv)	none of UEC or CMC has received any orders or directions
relating to environmental matters requiring any work, repairs, construction or capital expenditures to be made that are material
and adverse to any of the Projects or Properties.

 

		(t)	Contingent Environmental Liabilities. There are
no contingent Environmental Liabilities in relation to the Projects or Properties that are required to be disclosed in the consolidated
financial statements of UEC, and to the knowledge of UEC, no such contingent Environmental Liabilities have arisen subsequent
to the date of such financial statements which would be required to be disclosed in the consolidated financial statements of UEC
if such contingent Liabilities related to Environmental matters that had occurred or been discovered prior to such date.

 

		(u)	No Unlawful Payments. None of UEC or its Subsidiaries
nor, to the knowledge of UEC or its Subsidiaries, any director, officer, agent, employee or other Person authorized by UEC or
any of its Subsidiaries to act on their behalf has: (i) used any corporate funds for any unlawful contribution, gift, entertainment
or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or
domestic government official or employee from corporate funds; (iii) violated or is in violation of any applicable provision of
the United States Foreign Corrupt Practices Act of 1977 or the Corruption of Foreign Public Officials Act (Canada);
or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment, in each case related to the Project
or Properties or any activities undertaken in relation thereto or on behalf of UEC or its Subsidiaries.

 

    	 	A-7	 

     

    

 

		(v)	Compliance with Laws. Each of UEC and CMC has complied
with and is not in violation of any Applicable Laws other than such non-compliance or violations which would not, individually
or in the aggregate, have a material adverse effect in respect of any of the Royalties, Projects or Properties.

 

		(w)	Contracts in Respect of the Projects. All of the
Contracts in respect of each of the Projects and Properties have been duly entered into, have not been modified or terminated
and are in good standing and in full force and effect with no amendments. All of the Contracts in respect of each of the Projects
and Properties are valid and binding obligations of the parties thereto enforceable in accordance with their respective terms.
UEC and CMC have each complied with all material terms thereof, have paid all amounts due thereunder, have not waived any rights
thereunder and no default or breach exists in respect thereof on the part of any of the parties thereto and no event has occurred
which, after the giving of notice or the lapse of time or both would constitute such a default or breach, which individually or
in the aggregate, would have a material adverse effect in respect of any of the Projects, the Properties or the Royalties.

 

		(x)	Employment. In respect of the conduct of activities
at the Projects and Properties: (i) each of UEC and CMC has been and is in material compliance with all Applicable Laws respecting
employment and employment practices including all employment standards, human rights, labour relations, occupational health and
safety, workers' compensation or workplace safety and insurance legislation, employee privacy and pay equity, benefits, avoidance
of discrimination, avoidance of harassment and avoidance of retaliation with respect to each of its employees, and there are no
outstanding Claims, complaints, investigations, prosecutions or orders under such legislation; (ii) none of UEC or CMC has
or is engaged in any unfair labour practice, no unfair labour practice complaint, grievance or arbitration proceeding is pending
or, to the knowledge of UEC, threatened against UEC or CMC and there is no labour strike, dispute, slow down or stoppage pending
or, to the knowledge of UEC, threatened against UEC or CMC; (iii) all amounts due or accruing due for all salary, wages, bonuses,
commissions, pension benefits or other employee benefits or compensation are reflected in the Books and Records of UEC or CMC,
in accordance with their accounting practices and Applicable Law; (iv) none of UEC or CMC is a party to any collective bargaining
agreement and, as of the date of this Agreement, to UEC's knowledge, no petition has been filed or proceeding instituted by an
employee or group of the UEC or CMC employees seeking recognition of a bargaining representative; and (v) each of UEC and CMC
has withheld and reported to the applicable Governmental Bodies all amounts required by Applicable Law or by agreement to be withheld
and reported with respect to wages, salaries and other payments to employees.

 

    	 	A-8	 

     

    

 

		(y)	Disclosure. To the knowledge of UEC, none of this
Agreement, the due diligence materials provided to the Purchaser by or on behalf of UEC and CMC, or any of the exhibits, schedules,
attachments, written statements, documents, certificates or other items prepared or supplied to the Purchaser by or on behalf
of UEC or CMC with respect to the Projects or Properties, contain any untrue statement of a material fact or omit a material fact
necessary to make each statement contained herein or therein not misleading. No statement made by UEC with respect to the Projects
or Properties, contained in any document comprising the UEC Public Documents contained a misrepresentation (as defined in Applicable
Law) at the time such document was filed. As at the date hereof, UEC is in compliance, in all material respects, with its disclosure
obligations in respect of the Projects and Properties under applicable securities Laws.

 

		(z)	Consideration Shares.

 

		(i)	UEC acknowledges that it has been encouraged to obtain
independent legal, tax and investment advice with respect to the issuance of the Consideration Shares pursuant to this Agreement
and, accordingly, has been independently advised as to the meanings of all terms contained herein relevant to such share issuance.

 

		(ii)	UEC has been independently advised as to restrictions with
respect to trading in the Consideration Shares imposed by applicable securities legislation in the jurisdiction in which it resides,
confirms that no representation has been made to it by or on behalf of the Purchaser with respect thereto, acknowledge that it
is aware of the characteristics of the Consideration Shares, the risks relating to an investment therein and of the fact that
they may not be able to resell any of the Consideration Shares except in accordance with limited exemptions under applicable securities
legislation and regulatory policy until the expiry of the applicable hold period and compliance with other requirements of Applicable
Law, and agree that any certificates representing the Consideration Shares may bear a legend indicating that the resale of such
Consideration Shares is restricted.

 

		(iii)	The acquisition of the Consideration Shares is being made
pursuant to exemptions under, and does not contravene any of the, applicable securities Laws in the jurisdiction in which UEC
resides and does not give rise to any obligation of the Purchaser to prepare and file a prospectus or similar document or to register
the Consideration Shares.

 

		(iv)	UEC is an "accredited investor" as such term
is defined in Rule 501(a) of Regulation D under the U.S. Securities Act.

 

    	 	A-9	 

     

    

 

		(v)	UEC is not acquiring the Consideration Shares as a result
of any form of general solicitation or general advertising (as those terms are used in Rule 502(c) under the U.S. Securities Act),
including advertisements, articles, notices or other communications, including electronic display (such as the internet), published
in any newspaper, magazine or similar media or broadcast over radio, television or any seminar or meeting whose attendees have
been invited by general solicitation or general advertising.

 

		(vi)	UEC has not received or been provided with, or requested,
and does not have any need to receive, any offering memorandum, prospectus, sales or advertising literature or any other document
describing or purporting to describe the business and affairs of the Purchaser or the risks associated therewith which has been
prepared for delivery to, and review by, UEC in order to assist it in making an investment decision in respect of the Consideration
Shares.

 

		(vii)	UEC acknowledges that no securities commission or similar
regulatory authority has reviewed or passed on the merits of the Consideration Shares, there is no government or other insurance
covering the Consideration Shares and there are risks associated with the acquisition of the Consideration Shares.

 

		(viii)	The Purchaser has advised UEC that the Purchaser is relying
on the exemption set forth in Section 2.13 of National Instrument 45-106 – Prospectus Exemptions from the requirement
to provide UEC with a prospectus and exemptions to sell securities through a Person registered to sell securities under the Securities
Act (British Columbia) and the Securities Act (Ontario) and, as a consequence of acquiring securities pursuant to this
exemption, certain protections, rights and remedies provided by the Securities Act (British Columbia) and the Securities
Act (Ontario), including statutory rights of rescission or damages, will not be available to UEC.

 

		(aa)	UEC is acquiring the Consideration Shares issued pursuant
to this Agreement as principal.

 

    	 	A-10	 

     

    

 

SCHEDULE
 "B"

REPRESENTATIONS AND WARRANTIES OF THE

PURCHASER

 

The Purchaser hereby represents
and warrants to UEC as follows and acknowledges that UEC is relying upon such representations and warranties in connection with
the matters contemplated by this Agreement:

 

		(a)	Organization. The Purchaser is a corporation duly
constituted and validly subsisting under the Laws of Canada.

 

		(b)	No Violation or Rights of Termination or Acceleration.
The execution and delivery of this Agreement or any Closing Document to which it is a party by the Purchaser does not, and the
consummation of the transactions contemplated hereby and the performance of this Agreement or any of the Closing Documents by
the Purchaser will not:

 

		(i)	materially conflict with or result in a material violation,
contravention or breach of any of the terms, conditions or provisions of the certificate of formation or operating agreement of
the Purchaser or any agreement, instrument or license to which the Purchaser is a party or by which the Purchaser is bound or
constitute a material default or violation by the Purchaser thereunder, or result in the creation or imposition of any Lien upon
any of the assets of the Purchaser;

 

		(ii)	to the knowledge of the Purchaser, constitute a default
or violation by the Purchaser under any Laws to which the Purchaser is subject or by which it is bound; or

 

		(iii)	result in any breach of, or constitute a default (or an
event which, with notice or lapse of time or both, would become a default) under, or give to others any right of termination,
amendment, acceleration or cancellation of, or create, give rise to or change any rights or obligations of any Person under, or
result in the creation of a Lien on any property or asset of the Purchaser pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit or other instrument or obligation to which the Purchaser is a party or by which the Purchaser
or any of its property or assets is bound;

 

		(c)	Consents and Approvals. Other than any filings to
be completed after the Closing and those set forth in Schedule "G" to this Agreement, no consent, approval, license,
permit, order or authorization of, or registration, declaration or filing with, or permit from, any Governmental Body is required
to be obtained or made by or with respect to the Purchaser in connection with the execution, delivery and performance of this
Agreement or the completion of the transactions contemplated hereby.

 

    	 	B-1	 

     

    

 

		(d)	Capacity. The Purchaser has the requisite power,
capacity and authority to execute and deliver this Agreement and any of the Closing Documents, including the Royalty Agreements,
to which it is a party, and to perform its obligations hereunder and thereunder and to complete the transactions contemplated
hereby and thereby. The execution, delivery and performance of this Agreement and the Closing Documents, including the Royalty
Agreements, by the Purchaser and the completion of the transactions contemplated hereby and thereby by it have been duly authorized
by its board of directors and no other proceedings are necessary to authorize the execution, delivery and performance of this
Agreement and the Closing Documents, including the Royalty Agreements, the issuance of the Consideration Shares or the completion
of the transactions contemplated hereby by it.

 

		(e)	Binding Agreement. This Agreement has been duly
executed and delivered by the Purchaser and constitutes a legal, valid and binding obligation, enforceable against it in accordance
with its terms, subject to bankruptcy, insolvency and other Laws affecting creditors' rights generally and to general principles
of equity. Upon Closing, each of the Royalty Agreements shall have been duly executed by the Purchaser and shall constitute a
legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and
other Laws affecting creditors' rights generally and to general principles of equity.

 

		(f)	Share Capital. The Purchaser is authorized to issue
an unlimited number of common shares in the capital of the Purchaser. As of the date hereof 28,845,039 common shares of the Purchaser
were issued and outstanding as fully paid and non-assessable. The Parties acknowledge and agree that nothing in this Agreement
shall prohibit the Purchaser from issuing additional common shares or other securities of the Purchaser after the date hereof
pursuant to financings, acquisition transactions or otherwise.

 

		(g)	Consideration Shares. At the Closing, the Consideration
Shares issued and delivered to the Purchaser will be duly authorized and validly issued as fully paid and non-assessable shares
in the capital of the Purchaser, free and clear of all actual or threatened encumbrances, other than hold periods or other restrictions
imposed under applicable securities legislation and the resale restrictions imposed under Section 2.5 of this Agreement.

 

    	 	B-2	 

     

    

 

SCHEDULE
 "C"

ANDERSON PROPERTY

 

The following mining claims comprising
the Anderson Property are located in Gila Salt River Meridian, Yavapai County, Arizona.

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	AM   1	 	AMC361520	 	4152;183	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM   2	 	AMC361521	 	4152;184	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM   3	 	AMC361522	 	4152;185	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM   4	 	AMC361523	 	4152;186	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM   5	 	AMC361524	 	4152;187	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM   6	 	AMC361525	 	4152;188	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM   7	 	AMC361526	 	4152;189	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM   8	 	AMC361527	 	4152;190	 	11N 	 	10W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM   9	 	AMC361528	 	4152;191	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM  10	 	AMC361529	 	4152;192	 	11N 	 	10W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  11	 	AMC361530	 	4152;193	 	11N 	 	10W	 	15, 16, 21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  12	 	AMC361531	 	4152;194	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  13	 	AMC361532	 	4152;195	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  14	 	AMC361533	 	4152;196	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  15	 	AMC361534	 	4152;197	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  16	 	AMC361535	 	4152;198	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  17	 	AMC361536	 	4152;199	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM  18	 	AMC361537	 	4152;200	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  19	 	AMC361538	 	4152;201	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM  20	 	AMC361539	 	4152;202	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  21	 	AMC361540	 	4152;203	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM  22	 	AMC361541	 	4152;204	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  23	 	AMC361542	 	4152;205	 	11N 	 	10W	 	21

 

    	 	C-1	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM  24	 	AMC361543	 	4152;206	 	11N 	 	10W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  25	 	AMC361544	 	4152;207	 	11N 	 	10W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	AM  26	 	AMC361545	 	4152;208	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  27	 	AMC361546	 	4152;209	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  28	 	AMC361547	 	4152;210	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  29	 	AMC361548	 	4152;211	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  30	 	AMC361549	 	4152;212	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  31	 	AMC361550	 	4152;213	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  32	 	AMC361551	 	4152;214	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  33	 	AMC361552	 	4152;215	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  34	 	AMC361553	 	4152;216	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  35	 	AMC361554	 	4152;217	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  36	 	AMC361555	 	4152;218	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  37	 	AMC361556	 	4152;219	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  38	 	AMC361557	 	4152;220	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  39	 	AMC361558	 	4152;221	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  40	 	AMC361559	 	4152;222	 	11N 	 	10W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  41	 	AMC361560	 	4152;223	 	11N 	 	10W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	AM  42	 	AMC361561	 	4152;224	 	11N 	 	10W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  43	 	AMC361562	 	4152;225	 	11N 	 	10W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  44	 	AMC361563	 	4152;226	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  45	 	AMC361564	 	4152;227	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  46	 	AMC361565	 	4152;228	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM  47	 	AMC361566	 	4152;229	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM  48	 	AMC361567	 	4152;230	 	11N 	 	10W	 	11, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM  49	 	AMC361568	 	4152;231	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM  50	 	AMC361569	 	4152;232	 	11N 	 	10W	 	11, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM  51	 	AMC361570	 	4152;233	 	11N 	 	10W	 	11, 14

 

    	 	C-2	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM  52	 	AMC361571	 	4152;234	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  53	 	AMC361572	 	4152;235	 	11N 	 	10W	 	11, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM  54	 	AMC361573	 	4152;236	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  55	 	AMC361574	 	4152;237	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  56	 	AMC361575	 	4152;238	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  57	 	AMC361576	 	4152;239	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  58	 	AMC361577	 	4152;240	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  59	 	AMC361578	 	4152;241	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  60	 	AMC361579	 	4152;242	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  61	 	AMC361580	 	4152;243	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  62	 	AMC361581	 	4152;244	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  63	 	AMC361582	 	4152;245	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  64	 	AMC361583	 	4152;246	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  65	 	AMC361584	 	4152;247	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  66	 	AMC361585	 	4152;248	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM  67	 	AMC361586	 	4152;249	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM  68	 	AMC361587	 	4152;250	 	11N 	 	10W	 	14, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  69	 	AMC361588	 	4152;251	 	11N 	 	10W	 	14, 15, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  70	 	AMC361589	 	4152;252	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  71	 	AMC361590	 	4152;253	 	11N 	 	10W	 	14, 15, 22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  72	 	AMC361591	 	4152;254	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  73	 	AMC361592	 	4152;255	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  74	 	AMC361593	 	4152;256	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  75	 	AMC361594	 	4152;257	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  76	 	AMC361595	 	4152;258	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  77	 	AMC361596	 	4152;259	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  78	 	AMC361597	 	4152;260	 	11N 	 	10W	 	23

 

    	 	C-3	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM  79	 	AMC361598	 	4152;261	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  80	 	AMC361599	 	4152;262	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  81	 	AMC361600	 	4152;263	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  82	 	AMC361601	 	4152;264	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  83	 	AMC361602	 	4152;265	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  84	 	AMC361603	 	4152;266	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM  85	 	AMC361604	 	4152;267	 	11N 	 	10W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM  86	 	AMC361605	 	4152;268	 	11N 	 	10W	 	22, 23, 26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  87	 	AMC361606	 	4152;269	 	11N 	 	10W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  88	 	AMC361607	 	4152;270	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  89	 	AMC361608	 	4152;271	 	11N 	 	10W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  90	 	AMC361609	 	4152;272	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  91	 	AMC361610	 	4152;273	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  92	 	AMC361611	 	4152;274	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  93	 	AMC361612	 	4152;275	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  94	 	AMC361613	 	4152;276	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  95	 	AMC361614	 	4152;277	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  96	 	AMC361615	 	4152;278	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  97	 	AMC361616	 	4152;279	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM  98	 	AMC361617	 	4152;280	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM  99	 	AMC361618	 	4152;281	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM 100	 	AMC361619	 	4152;282	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM 101	 	AMC361620	 	4152;283	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM 102	 	AMC361621	 	4152;284	 	11N 	 	10W	 	26, 27
	 	 	 	 	 	 	 	 	 	 	 
	AM 103	 	AMC361622	 	4152;285	 	11N 	 	10W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	AM 104	 	AMC361623	 	4152;286	 	11N 	 	10W	 	26, 27, 34
	 	 	 	 	 	 	 	 	 	 	 
	AM 105	 	AMC361624	 	4152;287	 	11N 	 	10W	 	11, 12

 

    	 	C-4	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 106	 	AMC361625	 	4152;288	 	11N 	 	10W	 	12,13
	 	 	 	 	 	 	 	 	 	 	 
	AM 107	 	AMC361626	 	4152;289	 	11N 	 	10W	 	11, 12, 13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 108	 	AMC361627	 	4152;290	 	11N 	 	10W	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	AM 109	 	AMC361628	 	4152;291	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 110	 	AMC361629	 	4152;292	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 111	 	AMC361630	 	4152;293	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 112	 	AMC361631	 	4152;294	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 113	 	AMC361632	 	4152;295	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 114	 	AMC361633	 	4152;296	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 115	 	AMC361634	 	4152;297	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 116	 	AMC361635	 	4152;298	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 117	 	AMC361636	 	4152;299	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM 118	 	AMC361637	 	4152;300	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 119	 	AMC361638	 	4152;301	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM 120	 	AMC361639	 	4152;302	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 121	 	AMC361640	 	4152;303	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM 122	 	AMC361641	 	4152;304	 	11N 	 	10W	 	13, 14
	 	 	 	 	 	 	 	 	 	 	 
	AM 123	 	AMC361642	 	4152;305	 	11N 	 	10W	 	14
	 	 	 	 	 	 	 	 	 	 	 
	AM 124	 	AMC361643	 	4152;306	 	11N 	 	10W	 	13, 14, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 125	 	AMC361644	 	4152;307	 	11N 	 	10W	 	14, 23
	 	 	 	 	 	 	 	 	 	 	 
	AM 126	 	AMC361645	 	4152;308	 	11N 	 	10W	 	13, 14, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 127	 	AMC361646	 	4152;309	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 128	 	AMC361647	 	4152;310	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 129	 	AMC361648	 	4152;311	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 130	 	AMC361649	 	4152;312	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 131	 	AMC361650	 	4152;313	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 132	 	AMC361651	 	4152;314	 	11N 	 	10W	 	23, 24

 

    	 	C-5	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 133	 	AMC361652	 	4152;315	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 134	 	AMC361653	 	4152;316	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 135	 	AMC361654	 	4152;317	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 136	 	AMC361655	 	4152;318	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 137	 	AMC361656	 	4152;319	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 138	 	AMC361657	 	4152;320	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 139	 	AMC361658	 	4152;321	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 140	 	AMC361659	 	4152;322	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 141	 	AMC361660	 	4152;323	 	11N 	 	10W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	AM 142	 	AMC361661	 	4152;324	 	11N 	 	10W	 	23, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 143	 	AMC361662	 	4152;325	 	11N 	 	10W	 	23, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 144	 	AMC361663	 	4152;326	 	11N 	 	10W	 	23, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 145	 	AMC361664	 	4152;327	 	11N 	 	10W	 	23, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 146	 	AMC361665	 	4152;328	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 147	 	AMC361666	 	4152;329	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 148	 	AMC361667	 	4152;330	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 149	 	AMC361668	 	4152;331	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 150	 	AMC361669	 	4152;332	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 151	 	AMC361670	 	4152;333	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 152	 	AMC361671	 	4152;334	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 153	 	AMC361672	 	4152;335	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 154	 	AMC361673	 	4152;336	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 155	 	AMC361674	 	4152;337	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 156	 	AMC361675	 	4152;338	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 157	 	AMC361676	 	4152;339	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 158	 	AMC361677	 	4152;340	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 159	 	AMC361678	 	4152;341	 	11N 	 	10W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	AM 160	 	AMC361679	 	4152;342	 	11N 	 	10W	 	26, 35

 

    	 	C-6	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 161	 	AMC361680	 	4152;343	 	11N 	 	10W	 	26, 35
	 	 	 	 	 	 	 	 	 	 	 
	AM 162	 	AMC361681	 	4152;344	 	11N 	 	10W	 	26, 35
	 	 	 	 	 	 	 	 	 	 	 
	AM 163	 	AMC361682	 	4152;345	 	11N 	 	10W	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	AM 164	 	AMC361683	 	4152;346	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 165	 	AMC361684	 	4152;347	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 166	 	AMC361685	 	4152;348	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 167	 	AMC361686	 	4152;349	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 168	 	AMC361687	 	4152;350	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 169	 	AMC361688	 	4152;351	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 170	 	AMC361689	 	4152;352	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 171	 	AMC361690	 	4152;353	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 172	 	AMC361691	 	4152;354	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 173	 	AMC361692	 	4152;355	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 174	 	AMC361693	 	4152;356	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 175	 	AMC361694	 	4152;357	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 176	 	AMC361695	 	4152;358	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 177	 	AMC361696	 	4152;359	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 178	 	AMC361697	 	4152;360	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 179	 	AMC361698	 	4152;361	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 180	 	AMC361699	 	4152;362	 	11N 	 	10W	 	13, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 181	 	AMC361700	 	4152;363	 	11N 	 	10W	 	13, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 182	 	AMC361701	 	4152;364	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 183	 	AMC361702	 	4152;365	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 184	 	AMC361703	 	4152;366	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 185	 	AMC361704	 	4152;367	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 186	 	AMC361705	 	4152;368	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 187	 	AMC361706	 	4152;369	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 188	 	AMC361707	 	4152;370	 	11N 	 	10W	 	24

 

    	 	C-7	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 189	 	AMC361708	 	4152;371	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 190	 	AMC361709	 	4152;372	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 191	 	AMC361710	 	4152;373	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 192	 	AMC361711	 	4152;374	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 193	 	AMC361712	 	4152;375	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 194	 	AMC361713	 	4152;376	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 195	 	AMC361714	 	4152;377	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 196	 	AMC361715	 	4152;378	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 197	 	AMC361716	 	4152;379	 	11N 	 	10W	 	23, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 198	 	AMC361717	 	4152;380	 	11N 	 	10W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	AM 199	 	AMC361718	 	4152;381	 	11N 	 	10W	 	23, 24, 25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 200	 	AMC361719	 	4152;382	 	11N 	 	10W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	AM 201	 	AMC361720	 	4152;383	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 202	 	AMC361721	 	4152;384	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 203	 	AMC361722	 	4152;385	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 204	 	AMC361723	 	4152;386	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 205	 	AMC361724	 	4152;387	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 206	 	AMC361725	 	4152;388	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 207	 	AMC361726	 	4152;389	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 208	 	AMC361727	 	4152;390	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 209	 	AMC361728	 	4152;391	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 210	 	AMC361729	 	4152;392	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 211	 	AMC361730	 	4152;393	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 212	 	AMC361731	 	4152;394	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 213	 	AMC361732	 	4152;395	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 214	 	AMC361733	 	4152;396	 	11N 	 	10W	 	25, 26
	 	 	 	 	 	 	 	 	 	 	 
	AM 215	 	AMC361734	 	4152;397	 	11N 	 	10W	 	25, 26

 

    	 	C-8	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 216	 	AMC361735	 	4152;398	 	11N 	 	10W	 	25, 26, 36
	 	 	 	 	 	 	 	 	 	 	 
	AM 217	 	AMC388128	 	4553;789	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 218	 	AMC388129	 	4553;790	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 219	 	AMC388130	 	4553;791	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 220	 	AMC388131	 	4553;792	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 221	 	AMC388132	 	4553;793	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 222	 	AMC388133	 	4553;794	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 223	 	AMC388134	 	4553;795	 	11N 	 	10W	 	3, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 224	 	AMC388135	 	4553;796	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 225	 	AMC388136	 	4553;797	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 226	 	AMC388137	 	4553;798	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 227	 	AMC388138	 	4553;799	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 228	 	AMC388139	 	4553;800	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 229	 	AMC388140	 	4553;801	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 230	 	AMC388141	 	4553;802	 	11N 	 	10W	 	3
	 	 	 	 	 	 	 	 	 	 	 
	AM 231	 	AMC388142	 	4553;803	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 232	 	AMC388143	 	4553;804	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 233	 	AMC388144	 	4553;805	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 234	 	AMC388145	 	4553;806	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 235	 	AMC388146	 	4553;807	 	11N 	 	10W	 	2, 3, 10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 236	 	AMC388147	 	4553;808	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 237	 	AMC388148	 	4553;809	 	11N 	 	10W	 	2, 3, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 238	 	AMC388149	 	4553;810	 	11N 	 	10W	 	2, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 239	 	AMC388150	 	4553;811	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 240	 	AMC388151	 	4553;812	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 241	 	AMC388152	 	4553;813	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 242	 	AMC388153	 	4553;814	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 243	 	AMC388154	 	4553;815	 	11N 	 	10W	 	11

 

    	 	C-9	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 244	 	AMC388155	 	4553;816	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 245	 	AMC388156	 	4553;817	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 246	 	AMC361736	 	4152;399	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 247	 	AMC361737	 	4152;400	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 248	 	AMC361738	 	4152;401	 	11N 	 	10W	 	10,11
	 	 	 	 	 	 	 	 	 	 	 
	AM 249	 	AMC361739	 	4152;402	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 250	 	AMC361740	 	4152;403	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 251	 	AMC361741	 	4152;404	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 252	 	AMC361742	 	4152;405	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 253	 	AMC361743	 	4152;406	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 254	 	AMC361744	 	4152;407	 	11N 	 	10W	 	9, 15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM 255	 	AMC361745	 	4152;408	 	11N 	 	10W	 	9, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM 256	 	AMC361746	 	4152;409	 	11N 	 	10W	 	9, 10, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 257	 	AMC361747	 	4152;410	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AM 258	 	AMC361748	 	4152;411	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 259	 	AMC361749	 	4152;412	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AM 260	 	AMC361750	 	4152;413	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 261	 	AMC361751	 	4152;414	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AM 262	 	AMC361752	 	4152;415	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 263	 	AMC361753	 	4152;416	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AM 264	 	AMC361754	 	4152;417	 	11N 	 	10W	 	27, 34
	 	 	 	 	 	 	 	 	 	 	 
	AM 265	 	AMC365258	 	4257;894	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 266	 	AMC365259	 	4257;895	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 267	 	AMC365260	 	4257;896	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 268	 	AMC365261	 	4257;897	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 269	 	AMC365262	 	4257;898	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 270	 	AMC365263	 	4257;899	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 271	 	AMC365264	 	4257;900	 	11N 	 	10W	 	10, 11, 15

 

    	 	C-10	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 272	 	AMC365265	 	4257;901	 	11N 	 	10W	 	10, 11, 14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 273	 	AMC365266	 	4257;902	 	11N 	 	10W	 	10, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 274	 	AMC365267	 	4257;903	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 275	 	AMC365268	 	4257;904	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 276	 	AMC365269	 	4257;905	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 277	 	AMC365270	 	4257;906	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 278	 	AMC365271	 	4257;907	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 279	 	AMC365272	 	4257;908	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 280	 	AMC365273	 	4257;909	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 281	 	AMC365274	 	4257;910	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 282	 	AMC365275	 	4257;911	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 283	 	AMC365276	 	4257;912	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 284	 	AMC365277	 	4257;913	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 285	 	AMC365278	 	4257;914	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 286	 	AMC365279	 	4257;915	 	11N 	 	10W	 	14, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 287	 	AMC365280	 	4257;916	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 288	 	AMC365281	 	4257;917	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 289	 	AMC365282	 	4257;918	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 290	 	AMC365283	 	4257;919	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 291	 	AMC365284	 	4257;920	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 292	 	AMC365285	 	4257;921	 	11N 	 	10W	 	10, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 293	 	AMC365286	 	4257;922	 	11N 	 	10W	 	10, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 294	 	AMC365287	 	4257;923	 	11N 	 	10W	 	10, 15
	 	 	 	 	 	 	 	 	 	 	 
	AM 295	 	AMC365288	 	4257;924	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 296	 	AMC365289	 	4257;925	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 297	 	AMC365290	 	4257;926	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM 298	 	AMC365291	 	4257;927	 	11N 	 	10W	 	15

 

    	 	C-11	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 299	 	AMC365292	 	4257;928	 	11N 	 	10W	 	15, 16
	 	 	 	 	 	 	 	 	 	 	 
	AM 300	 	AMC365293	 	4257;929	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 301	 	AMC365294	 	4257;930	 	11N 	 	10W	 	15
	 	 	 	 	 	 	 	 	 	 	 
	AM 302	 	AMC366483	 	4285;507	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AM 303	 	AMC366484	 	4285;508	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 304	 	AMC366485	 	4285;509	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 305	 	AMC366486	 	4285;510	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 306	 	AMC366487	 	4285;511	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 307	 	AMC366488	 	4285;512	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	AM 308	 	AMC366489	 	4285;513	 	11N 	 	10W	 	10, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 309	 	AMC366490	 	4285;514	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	AM 310	 	AMC388157	 	4553;818	 	11N 	 	10W	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 311	 	AMC388158	 	4553;819	 	11N 	 	10W	 	2, 11
	 	 	 	 	 	 	 	 	 	 	 
	AM 312	 	AMC388159	 	4553;820	 	11N 	 	10W	 	2, 11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 313	 	AMC388160	 	4553;821	 	11N 	 	10W	 	1, 2, 11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 314	 	AMC388161	 	4553;822	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 315	 	AMC388162	 	4553;823	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 316	 	AMC388163	 	4553;824	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 317	 	AMC388164	 	4553;825	 	11N 	 	10W	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 318	 	AMC388165	 	4553;826	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 319	 	AMC388166	 	4553;827	 	11N 	 	10W	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 320	 	AMC388167	 	4553;828	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 321	 	AMC388168	 	4553;829	 	11N 	 	10W	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 322	 	AMC388169	 	4553;830	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 323	 	AMC388170	 	4553;831	 	11N 	 	10W	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	AM 324	 	AMC388171	 	4553;832	 	11N 	 	10W	 	12
	 	 	 	 	 	 	 	 	 	 	 
	AM 325	 	AMC388172	 	4553;833	 	11N 	 	10W	 	13
	 	 	 	 	 	 	 	 	 	 	 
	AM 326	 	AMC388173	 	4553;834	 	11N 	 	10W	 	13

 

    	 	C-12	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 327	 	AMC388174	 	4553;835	 	11N 	 	9W/10W	 	18/13
	 	 	 	 	 	 	 	 	 	 	 
	AM 328	 	AMC388175	 	4553;836	 	11N 	 	9W/10W	 	18, 19/13, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 329	 	AMC388176	 	4553;837	 	11N 	 	9W	 	18, 19
	 	 	 	 	 	 	 	 	 	 	 
	AM 330	 	AMC388177	 	4553;838	 	11N 	 	10W	 	13, 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 331	 	AMC388178	 	4553;839	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 332	 	AMC388179	 	4553;840	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 333	 	AMC388180	 	4553;841	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 334	 	AMC388181	 	4553;842	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 335	 	AMC388182	 	4553;843	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 336	 	AMC388183	 	4553;844	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 337	 	AMC388184	 	4553;845	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 338	 	AMC388185	 	4553;846	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 339	 	AMC388186	 	4553;847	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 340	 	AMC388187	 	4553;848	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 341	 	AMC388188	 	4553;849	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 342	 	AMC388189	 	4553;850	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 343	 	AMC388190	 	4553;851	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 344	 	AMC388191	 	4553;852	 	11N 	 	10W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	AM 345	 	AMC388192	 	4553;853	 	11N 	 	9W/10W	 	19/ 24
	 	 	 	 	 	 	 	 	 	 	 
	AM 346	 	AMC388193	 	4553;854	 	11N 	 	10W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	AM 347	 	AMC388194	 	4553;855	 	11N 	 	9W/10W	 	19, 30/24, 25
	 	 	 	 	 	 	 	 	 	 	 
	AM 348	 	AMC388195	 	4553;856	 	11N 	 	10W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	AM 349	 	AMC388196	 	4553;857	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 350	 	AMC388197	 	4553;858	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 351	 	AMC388198	 	4553;859	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 352	 	AMC388199	 	4553;860	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 353	 	AMC388200	 	4553;861	 	11N 	 	10W	 	25

 

    	 	C-13	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	AM 354	 	AMC388201	 	4553;862	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 355	 	AMC388202	 	4553;863	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 356	 	AMC388203	 	4553;864	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 357	 	AMC388204	 	4553;865	 	11N 	 	10W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	AM 358	 	AMC393473	 	4602;328	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM 359	 	AMC393474	 	4602;329	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM 360	 	AMC393475	 	4602;330	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AM 361	 	AMC393476	 	4602;331	 	11N 	 	10W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	AP   9	 	AMC410892	 	4833;734	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  10	 	AMC410893	 	4833;735	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  11	 	AMC410894	 	4833;736	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  12	 	AMC410895	 	4833;737	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  13	 	AMC410896	 	4833;738	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  14	 	AMC410897	 	4833;739	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  15	 	AMC410898	 	4833;740	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  16	 	AMC410899	 	4833;741	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  17	 	AMC410900	 	4833;742	 	11N 	 	10W	 	9, 16
	 	 	 	 	 	 	 	 	 	 	 
	AP  18	 	AMC410901	 	4833;743	 	11N 	 	10W	 	9, 16
	 	 	 	 	 	 	 	 	 	 	 
	AP  22	 	AMC410905	 	4833;747	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AP  24	 	AMC410907	 	4833;749	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AP  26	 	AMC410909	 	4833;751	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AP  27	 	AMC410910	 	4833;752	 	11N 	 	10W	 	9
	 	 	 	 	 	 	 	 	 	 	 
	AP  28	 	AMC410911	 	4833;753	 	11N 	 	10W	 	9, 10
	 	 	 	 	 	 	 	 	 	 	 
	AP  30	 	AMC410913	 	4833;755	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	CE  1	 	AMC366751	 	4293;962	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  2	 	AMC366752	 	4293;963	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  3	 	AMC366753	 	4293;964	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  4	 	AMC366754	 	4293;965	 	11N 	 	10W	 	11

 

    	 	C-14	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section

	CE  5	 	AMC366755	 	4293;966	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  6	 	AMC366756	 	4293;967	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  7	 	AMC366757	 	4293;968	 	11N 	 	10W	 	11
	 	 	 	 	 	 	 	 	 	 	 
	CE  8	 	AMC366758	 	4293;960	 	11N 	 	10W	 	10
	 	 	 	 	 	 	 	 	 	 	 
	TH  1	 	AMC366759	 	4293;961	 	11N 	 	10W	 	10

 

    	 	C-15	 

     

    

 

SCHEDULE "D"

SLICK ROCK PROPERTY

 

The following mining claims comprising
a portion of the Slick Rock Property are located in San Miguel County, Colorado:

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	BC 1	 	CMC264679	 	391965	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	BC 2	 	CMC264680	 	391966	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	BC 3	 	CMC264681	 	391967	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 4	 	CMC264682	 	391968	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 5	 	CMC264683	 	391969	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 6	 	CMC264684	 	391970	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 7	 	CMC264685	 	391971	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 8	 	CMC264686	 	391972	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 9	 	CMC264687	 	391973	 	T44N	 	R18W	 	20, 21, 28, 29
	 	 	 	 	 	 	 	 	 	 	 
	BC 10	 	CMC264688	 	391974	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	BC 11	 	CMC264689	 	391975	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 12	 	CMC264690	 	391976	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 13	 	CMC264691	 	391977	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 14	 	CMC264692	 	391978	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 15	 	CMC264693	 	391979	 	T44N	 	R18W	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	BC 16	 	CMC264694	 	391980	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 17	 	CMC264695	 	391981	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 18	 	CMC264696	 	391982	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 19	 	CMC264697	 	391983	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 20	 	CMC264698	 	391984	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 21	 	CMC264699	 	391985	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	BC 22	 	CMC264700	 	391986	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 23	 	CMC264701	 	391987	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 24	 	CMC264702	 	391988	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	BC 25	 	MC 264703	 	391989	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 1	 	CMC283058	 	371304	 	T44N	 	R18W	 	30

 

    	 	D-1	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	Burro 2	 	CMC253059	 	371305	 	T44N	 	R18W	 	30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 3	 	CMC253000	 	371308	 	T44N	 	R18W	 	30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 4	 	CMC253061	 	371307	 	144N	 	R18W	 	30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 5	 	CMC253062	 	371308	 	T44N	 	R18W	 	29, 30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 6	 	CMC253083	 	371309	 	144N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 7	 	CMC253064	 	371310	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 8	 	CMC253065	 	371311	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 9	 	CMC253086	 	371312	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 10	 	CMC253067	 	371313	 	T44N	 	R18W	 	2D
	 	 	 	 	 	 	 	 	 	 	 
	Burro 11	 	CMC253088	 	371314	 	T44N	 	R18W	 	2,21
	 	 	 	 	 	 	 	 	 	 	 
	Burro 12	 	CMC253089	 	371316	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 13	 	CMC253070	 	371316	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 14	 	CMC253071	 	371317	 	T44N	 	R18W	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 15	 	CMC253072	 	371318	 	T44N	 	R18W	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 16	 	CMC253073	 	371319	 	T44N	 	R18W	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 17	 	CMC253074	 	371320	 	T44N	 	R18W	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	Burro 18	 	CMC253075	 	371321	 	T44N	 	R18W	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 19	 	CMC253076	 	371322	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro. 19A	 	CMC253077	 	371790	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 20	 	CMC253078	 	371789	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 21	 	CMC253079	 	371788	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 22	 	CMC253080	 	371787	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 23	 	CMC253081	 	371791	 	T44N	 	R18W	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 24	 	CMC254570	 	373707	 	T44N	 	R18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 25	 	CMC254571	 	373706	 	T44N	 	R 18W	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 26	 	CMC254572	 	373709	 	T44N	 	R1SW	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 27	 	CMC254573	 	373710	 	T44N	 	R 18W	 	20,29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 28	 	CMC254574	 	373711	 	T44N	 	RI 8W	 	20.29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 29	 	CMC254575	 	373712	 	T44N	 	R1 SW	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 30	 	CMC254576	 	373713	 	T44N	 	R18W	 	20, 21, 28, 29

 

    	 	D-2	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	Burro 31	 	CMC254577	 	373714	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 32	 	CMC254578	 	373715	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 33	 	CMC254579	 	373716	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 34	 	CMC254580	 	373717	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 35	 	CMC254581	 	373718	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 36	 	CMC254582	 	373719	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 37	 	CMC254583	 	373720	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 38	 	CMC254584	 	373721	 	T44N	 	R18W	 	20, 21
	 	 	 	 	 	 	 	 	 	 	 
	Burro 39	 	CMC254585	 	373722	 	T44N	 	R18W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	Burro 40	 	CMC254586	 	373723	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 41	 	CMC254587	 	373724	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 42	 	CMC254588	 	373725	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 43	 	CMC254593	 	373726	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 44	 	CMC254594	 	373727	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 45	 	CMC254595	 	373728	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 46	 	CMC254596	 	373729	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 47	 	CMC254597	 	373730	 	T44N	 	R18W	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 48	 	CMC254598	 	373731	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 49	 	CMC254599	 	373732	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 50	 	CMC254600	 	373733	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 51	 	CMC254601	 	373734	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 52	 	CMC254602	 	373735	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 53	 	CMC254603	 	373736	 	T44N	 	R18W	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Burro 54	 	CMC254604	 	373737	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 55	 	CMC254605	 	373738	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 56	 	CMC254606	 	373739	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 57	 	CMC254607	 	373740	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Burro 58	 	CMC254550	 	373741	 	T44N	 	R18W	 	28, 29
	 	 	 	 	 	 	 	 	 	 	 
	Burro 59	 	CMC254551	 	373742	 	T44N	 	R18W	 	28, 33
	 	 	 	 	 	 	 	 	 	 	 
	Burro 60	 	CMC254552	 	373743	 	T44N	 	R18W	 	28

 

    	 	D-3	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	Burro 61	 	CMC254553	 	373744	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 62	 	CMC254554	 	373745	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 63	 	CMC254555	 	373746	 	T44N	 	R18W	 	28,
	 	 	 	 	 	 	 	 	 	 	 
	Burro 64	 	CMC254556	 	373747	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 65	 	CMC254557	 	373748	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 66	 	CMC254558	 	373749	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 67	 	CM 0254559	 	373750	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 68	 	CMC254560	 	873751	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burma 69	 	CMC254561	 	373752	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 70	 	CMC254582	 	373753	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 71	 	CMC254563	 	373754	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 72	 	CMC254584	 	373755	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 73	 	CMC254565	 	373756	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 76	 	CMC254568	 	373759	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	Burro 77	 	CMC254569	 	373760	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR1	 	CMC278999	 	415604	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 2	 	CMC279000	 	415605	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 3	 	CMC279001	 	415606	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 4	 	CMC279002	 	415607	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 5	 	CMC279003	 	415608	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 6	 	CMC279004	 	415609	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 7	 	CMC279005	 	415610	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 8	 	CMC279006	 	415611	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 9	 	CMC279007	 	415612	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 10	 	CMC279008	 	415613	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 11	 	CMC279009	 	415614	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 12	 	CMC279010	 	415615	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 13	 	CMC279011	 	415616	 	T43N/44N	 	R18W	 	3/34
	 	 	 	 	 	 	 	 	 	 	 
	SR 14	 	CMC279012	 	415617	 	T44N	 	RI8W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 15	 	CMC279013	 	415618	 	T43N/44N	 	R18W	 	3/34

 

    	 	D-4	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	SR 16	 	CMC279014	 	415619	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 17	 	CMC279015	 	415620	 	T43N/44N	 	R18W	 	4/33, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 18	 	CMC279016	 	415621	 	T43N/44N	 	R18W	 	33, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 19	 	CMC279017	 	415622	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 20	 	CMC279018	 	415623	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 21	 	CMC279019	 	415624	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 22	 	CMC279020	 	415625	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 23	 	CMC279021	 	415626	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 24	 	CMC279022	 	415627	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 25	 	CMC279023	 	415628	 	T43N44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 26	 	CMC279024	 	415629	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 27	 	CMC279025	 	415630	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 28	 	CMC279026	 	415631	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 29	 	CMC279027	 	415632	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 30	 	CMC279028	 	415633	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 31	 	CMC279029	 	415634	 	T43N/44N	 	R18W	 	4/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 32	 	CMC279030	 	415635	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 33	 	CMC279031	 	415636	 	T43N/44N	 	R18W	 	5/33
	 	 	 	 	 	 	 	 	 	 	 
	SR 34	 	CMC279032	 	415637	 	T43N/44N	 	R18W	 	5/32,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 35	 	CMC279033	 	415638	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 36	 	CMC279034	 	415639	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 37	 	CMC279035	 	415640	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 38	 	CMC279036	 	415641	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 39	 	CMC279037	 	415642	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 40	 	CMC279038	 	415643	 	T44N	 	R18W	 	27, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 41	 	CMC279039	 	415644	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 42	 	CMC279040	 	415645	 	T44N	 	R18W	 	27, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 43	 	CMC279041	 	415646	 	T44N	 	R18W	 	34
	 	 	 	 	 	 	 	 	 	 	 
	SR 44	 	CMC279042	 	415647	 	T44N	 	R18W	 	27, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 45	 	CMC279043	 	415648	 	T44N	 	R18W	 	34

 

    	 	D-5	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	SR 46	 	CMC279044	 	415649	 	T44N	 	R18W	 	27, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 47	 	CMC279045	 	415650	 	T44N	 	R18W	 	33,34
	 	 	 	 	 	 	 	 	 	 	 
	SR 48	 	CMC279046	 	415651	 	T44N	 	R18W	 	27, 28, 33, 34
	 	 	 	 	 	 	 	 	 	 	 
	SR 49	 	CMC279047	 	415652	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 50	 	CMC279048	 	415653	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 51	 	CMC279049	 	415654	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 52	 	CMC279050	 	415655	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 53	 	CMC279051	 	415656	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 54	 	CMC279052	 	415657	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 55	 	CMC279053	 	415658	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 56	 	CMC279054	 	415859	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 57	 	CMC279055	 	415660	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 58	 	CMC279056	 	415661	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 59	 	CMC279057	 	415662	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 60	 	CMC279058	 	415663	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 61	 	CMC279059	 	415664	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 62	 	CMC279060	 	415665	 	T44N	 	R18W	 	28,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 63	 	CMC279061	 	415666	 	T44N	 	R18W	 	33
	 	 	 	 	 	 	 	 	 	 	 
	SR 64	 	CMC279062	 	415667	 	T44N	 	R18W	 	32,33
	 	 	 	 	 	 	 	 	 	 	 
	SR 65	 	CMC279063	 	415668	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 66	 	CMC279064	 	415669	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 67	 	CMC279065	 	415670	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 68	 	CMC279066	 	415671	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 69	 	CMC279067	 	415672	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 70	 	CMC279068	 	415673	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 71	 	CMC279069	 	415674	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 72	 	CMC279070	 	415675	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 73	 	CMC279071	 	415676	 	T44N	 	R18W	 	27, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 74	 	CMC279072	 	415677	 	T44N	 	R18W	 	27, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 75	 	CMC279073	 	415678	 	T44N	 	RI8W	 	28

 

    	 	D-6	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	SR 76	 	CMC279074	 	415679	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 77	 	CMC279075	 	415680	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 78	 	CMC279076	 	415681	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 79	 	CMC279077	 	415682	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 80	 	CMC279078	 	415683	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 81	 	CMC279079	 	415684	 	T44N	 	R18W	 	27
	 	 	 	 	 	 	 	 	 	 	 
	SR 82	 	CMC279080	 	415685	 	T44N	 	R18W	 	27, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 83	 	CMC279081	 	415686	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 84	 	CMC279082	 	415687	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 85	 	CMC279083	 	415688	 	T44N	 	R18W	 	28, 21, 22, 27,
	 	 	 	 	 	 	 	 	 	 	 
	SR 86	 	CMC279084	 	415689	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 87	 	CMC279085	 	415690	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 88	 	CMC279086	 	415691	 	T44N	 	R18W	 	21, 27
	 	 	 	 	 	 	 	 	 	 	 
	SR 89	 	CMC283041	 	422087	 	T44N	 	R18W/19W	 	19/24
	 	 	 	 	 	 	 	 	 	 	 
	SR 90	 	CMC283042	 	422088	 	T44N	 	RI8W/19W	 	19/24
	 	 	 	 	 	 	 	 	 	 	 
	SR 91	 	CMC283043	 	422089	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	SR 92	 	CMC283044	 	422090	 	T44N	 	R18W	 	19
	 	 	 	 	 	 	 	 	 	 	 
	SR 93	 	CMC283045	 	422091	 	T44N	 	R18W	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	SR 94	 	CMC283046	 	422092	 	T44N	 	R18W	 	30
	 	 	 	 	 	 	 	 	 	 	 
	SR 95	 	CMC283047	 	422093	 	T44N	 	R18W	 	30
	 	 	 	 	 	 	 	 	 	 	 
	SR 96	 	CMC283048	 	422094	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	SR 97	 	CMC283049	 	422095	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	SR 98	 	CMC283050	 	422096	 	T44N	 	R18W	 	32
	 	 	 	 	 	 	 	 	 	 	 
	SR 99	 	CMC283051	 	422097	 	T44N	 	R18W	 	20, 21
	 	 	 	 	 	 	 	 	 	 	 
	SR 100	 	CMC283052	 	422098	 	T44N	 	R18W	 	21
	 	 	 	 	 	 	 	 	 	 	 
	SR 101	 	CMC283053	 	422099	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 102	 	CMC283054	 	422100	 	T44N	 	R18W	 	28
	 	 	 	 	 	 	 	 	 	 	 
	SR 103	 	CMC283055	 	422101	 	T44N	 	R18W	 	21, 28
	 	 	 	 	 	 	 	 	 	 	 
	SR 104	 	CMC283056	 	422102	 	T44N	 	R18W	 	22, 27, 21, 21,
	 	 	 	 	 	 	 	 	 	 	 
	SR 105	 	CMC283057	 	422103	 	T44N	 	R18W	 	22, 27

 

    	 	D-7	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	SR 106	 	CMC283058	 	422104	 	T44N	 	R18W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	SR 107	 	CMC283059	 	422105	 	T44N	 	R18W	 	22, 27
	 	 	 	 	 	 	 	 	 	 	 
	SR 108	 	CMC283060	 	422106	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	SR 109	 	CMC283061	 	422107	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	SR 110	 	CMC285689	 	430415;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 111	 	CMC285690	 	430416;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 112	 	CMC285691	 	430417;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 113	 	CMC285692	 	430418;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 114	 	CMC285693	 	430419;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 115	 	CMC285694	 	430420;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 116	 	CMC285695	 	430421;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 117	 	CMC285696	 	430422;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 118	 	CMC285697	 	430423;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 119	 	CMC285698	 	430424;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 120	 	CMC285699	 	430425;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 121	 	CMC285700	 	430426;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 122	 	CMC285701	 	430427;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 123	 	CMC285702	 	430428;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 124	 	CMC285703	 	430429;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 125	 	CMC285704	 	430430;0;0	 	T44N	 	R18W	 	24, 25
	 	 	 	 	 	 	 	 	 	 	 
	SR 126	 	CMC285705	 	430431;0;0	 	T44N	 	R18W	 	25
	 	 	 	 	 	 	 	 	 	 	 
	SR 127	 	CMC285706	 	430432;0;0	 	T44N	 	R18W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	SR 128	 	CMC285707	 	430433;0;0	 	T44N	 	R18W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	SR 129	 	CMC285708	 	430434;0;0	 	T44N	 	R18W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	SR 130	 	CMC285709	 	430435;0;0	 	T44N	 	R18W	 	24
	 	 	 	 	 	 	 	 	 	 	 
	SR 131	 	CMC285710	 	430436;0;0	 	T44N	 	R18W	 	24

 

    	 	D-8	 

     

    

 

Pursuant to the lease
with URenergy, LLC to UEC dated May 23, 2012 and effective November 30, 2011, the following leased mining claims comprising a portion
of the Slick Rock Property are located in San Miguel County, Colorado:

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	MCT 1	 	CMC282313	 	420564	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 2	 	CMC282314	 	420565	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 3	 	CMC282315	 	420566	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 4	 	CMC282316	 	420567	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCI 5	 	CMC282317	 	420568	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 6	 	CMC282318	 	420569	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 7	 	CMC282319	 	420570	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 8	 	CMC282320	 	420571	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 9	 	CMC282321	 	420572	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 10	 	CMC282322	 	420573	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 11	 	CMC282323	 	420574	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 12	 	CMC282324	 	420575	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 13	 	CMC282325	 	420576	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 14	 	CMC282326	 	420577	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 15	 	CMC282327	 	420578	 	144N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCI 16	 	CMC282328	 	420579	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 17	 	CMC282329	 	420580	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 18	 	CMC282330	 	420581	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCI 19	 	CMC282331	 	420582	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 20	 	CMC282332	 	420583	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 21	 	CMC282333	 	420584	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 22	 	CMC282334	 	420585	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 23	 	CMC282335	 	420586	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 24	 	CMC282336	 	420587	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 25	 	CMC282337	 	420588	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 26	 	CMC282338	 	420589	 	T44N	 	R18W	 	21, 22

 

    	 	D-9	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	MCT 27	 	CMC282339	 	420590	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 28	 	CMC282340	 	420591	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 29	 	CMC282341	 	424592	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 30	 	CMC282342	 	420593	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 31	 	CMC282343	 	420594	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 32	 	CMC282344	 	420595	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 33	 	CMC282345	 	420562	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 34	 	CMC282346	 	420563	 	T44N	 	R18W	 	21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 35	 	CMC256458	 	380536	 	T44N	 	R18W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 36	 	CMC256459	 	380537	 	T44N	 	R18W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 37	 	CMC256460	 	380538	 	T44N	 	R18W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 38	 	CMC255837	 	379995	 	T44N	 	R18W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 39	 	CMC255838	 	379996	 	T44N	 	R18W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 40	 	CMC255839	 	379997	 	T44N	 	R18W	 	22, 23
	 	 	 	 	 	 	 	 	 	 	 
	MCT 41	 	CMC255840	 	379998	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 42	 	CMC255841	 	379999	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 43	 	CMC255842	 	380000	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 44	 	CMC255843	 	380001	 	T44N	 	R18W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 45	 	CMC255844	 	380002	 	T44N	 	R18W	 	18, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 46	 	CMC255845	 	380003	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 47	 	CMC255846	 	380004	 	T44N	 	R18W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 48	 	CMC255847	 	380005	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 49	 	CMC255848	 	380006	 	T44N	 	R18W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 50	 	CMC255849	 	380007	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 51	 	CMC255850	 	380008	 	T44N	 	R18W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 52	 	CMC255851	 	380009	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 53	 	CMC255852	 	380010	 	T44N	 	R18W	 	15, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 54	 	CMC255853	 	380011	 	T44N	 	R18W	 	22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 55	 	CMC255854	 	380012	 	T44N	 	R18W	 	15, 16, 21, 22
	 	 	 	 	 	 	 	 	 	 	 
	MCT 56	 	CMC255855	 	380013	 	T44N	 	R18W	 	21, 22

 

    	 	D-10	 

     

    

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	TAN 1	 	CMC282347	 	420541	 	T44N	 	R18W	 	22, 23, 26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 2	 	CMC282348	 	420542	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 3	 	CMC282349	 	420543	 	T44N	 	R18W	 	23, 26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 4	 	CMC282350	 	420544	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 5	 	CMC282351	 	420545	 	T44N	 	R18W	 	23,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 6	 	CMC282352	 	420546	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 7	 	CMC282353	 	420547	 	T44N	 	R18W	 	23,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 8	 	CMC282354	 	420548	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 9	 	CMC282355	 	420549	 	T44N	 	R18W	 	23,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 10	 	CMC282356	 	420550	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 11	 	CMC282357	 	420551	 	T44N	 	R18W	 	23,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 12	 	CMC282358	 	420552	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 13	 	CMC282359	 	420553	 	T44N	 	R18W	 	23,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 14	 	CMC282360	 	420554	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 15	 	CMC282361	 	420555	 	T44N	 	R18W	 	25,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 16	 	CMC282362	 	420556	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 17	 	CMC282363	 	420557	 	T44N	 	R18W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	TAN 18	 	CMC282364	 	420558	 	T44N	 	R18W	 	26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 19	 	CMC282365	 	420559	 	T44N	 	R18W	 	23, 24, 25, 26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 20	 	CMC282366	 	420560	 	T44N	 	R18W	 	25,26
	 	 	 	 	 	 	 	 	 	 	 
	TAN 21	 	CMC282367	 	420561	 	T44N	 	R18W	 	23
	 	 	 	 	 	 	 	 	 	 	 
	TAN 63	 	CMC282368	 	420596	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	TAN 64	 	CMC282369	 	420597	 	T44N	 	R18W	 	29
	 	 	 	 	 	 	 	 	 	 	 
	TAN 65	 	CMC282370	 	420598	 	T44N	 	R18W	 	29,32
	 	 	 	 	 	 	 	 	 	 	 
	TAN 66	 	CMC282371	 	420599	 	T44N	 	R18W	 	29,32
	 	 	 	 	 	 	 	 	 	 	 
	TAN 67	 	CMC282372	 	420600	 	T44N	 	R18W	 	32
	 	 	 	 	 	 	 	 	 	 	 
	TAN 68	 	CMC282373	 	420601	 	T44N	 	R18W	 	32

 

    	 	D-11	 

     

    

 

Pursuant to the lease
with URenergy, LLC to UEC dated May 23, 2012 and effective November 30, 2011, the following leased mining claims comprising a portion
of the Slick Rock Property are located in Montrose County, Colorado:

 

	Claim Name	 	BLM #	 	County Ref #	 	Township Range	 	Section
	BJT 11	 	CMC279539	 	822072	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 12	 	CMC279540	 	822073	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 13	 	CMC279541	 	822074	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 14	 	CMC279542	 	822075	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 15	 	CMC279543	 	822076	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 16	 	CMC279544	 	822077	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 17	 	CMC279545	 	822078	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 18	 	CMC279546	 	822079	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 19	 	CMC279547	 	822080	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 20	 	CMC279548	 	822081	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 21	 	CMC279549	 	822082	 	 	R16W	 	7
	 	 	 	 	 	 	 	 	 	 
	BJT 22	 	CMC279550	 	822083	 	 	R16W	 	7, 18
	 	 	 	 	 	 	 	 	 	 
	BJT 23	 	CMC279551	 	822084	 	 	R16W	 	6, 7
	 	 	 	 	 	 	 	 	 	 
	EVA 11	 	CMC278741	 	819463	 	 	R17W	 	2/35
	 	 	 	 	 	 	 	 	 	 
	EVA 12	 	CMC278742	 	819464	 	 	R17W	 	2/35
	 	 	 	 	 	 	 	 	 	 
	EVA 13	 	CMC278743	 	819465	 	 	R17W	 	2/35
	 	 	 	 	 	 	 	 	 	 
	EVA 14	 	CMC278744	 	819466	 	 	R17W	 	35
	 	 	 	 	 	 	 	 	 	 
	EVA 15	 	CMC278745	 	819467	 	 	R17W	 	35
	 	 	 	 	 	 	 	 	 	 
	EVA 16	 	CMC278746	 	819468	 	 	R17W	 	35
	 	 	 	 	 	 	 	 	 	 
	EVA 17	 	CMC278747	 	819469	 	 	R17W	 	35

 

    	 	D-12	 

     

    

 

SCHEDULE
 "E"

WORKMAN CREEK PROPERTY

 

The following mining claims comprising
the Workman Creek are located in Gila Salt River Meridian, Gila County, Arizona:

 

	Claim Name
	 	BLM #	 	County Ref #	 	Township Range	 	Section
	Bak  1	 	AMC403601	 	2010-013872	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Bak  2	 	AMC403602	 	2010-013873	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Bak  3	 	AMC403603	 	2010-013874	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Bak  4	 	AMC403604	 	2010-013875	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Bak  5	 	AMC403605	 	2010-013876	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	Bak  6	 	AMC403606	 	2010-013877	 	6N	 	14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Bak  7	 	AMC403607	 	2010-013878	 	6N	 	14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Bak  8	 	AMC403608	 	2010-013879	 	6N	 	14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Bak  9	 	AMC403609	 	2010-013880	 	6N	 	14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	Bak 10	 	AMC403610	 	2010-013881	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS   1	 	AMC407697	 	2012-006602	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS   2	 	AMC407698	 	2012-006603	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS   3	 	AMC407699	 	2012-006604	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS   4	 	AMC407700	 	2012-006605	 	6N	 	14E	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	CS   5	 	AMC407701	 	2012-006606	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS   6	 	AMC407702	 	2012-006607	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS   7	 	AMC407703	 	2012-006608	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS   8	 	AMC407704	 	2012-006609	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS   9	 	AMC407705	 	2012-006610	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS  10	 	AMC407706	 	2012-006611	 	6N	 	14E	 	20

 

    	 	E-1	 

     

    

 

	CS  11	 	AMC407707	 	2012-006612	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS  12	 	AMC407708	 	2012-006613	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS  13	 	AMC407709	 	2012-006614	 	6N	 	14E	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	CS  14	 	AMC407710	 	2012-006615	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS  15	 	AMC407711	 	2012-006616	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS  16	 	AMC407712	 	2012-006617	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS  17	 	AMC407713	 	2012-006618	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS  18	 	AMC407714	 	2012-006619	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	CS 19	 	AMC407715	 	2012-006620	 	6N	 	14E	 	19, 20
	 	 	 	 	 	 	 	 	 	 	 
	CS 20	 	AMC407716	 	2012-006621	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS 21	 	AMC407717	 	2012-006622	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS 22	 	AMC407718	 	2012-006623	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS 23	 	AMC407719	 	2012-006624	 	6N	 	14E	 	20
	 	 	 	 	 	 	 	 	 	 	 
	CS 24	 	AMC407720	 	2012-006625	 	6N	 	14E	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	CS 25	 	AMC407721	 	2012-006626	 	6N	 	14E	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	CS 26	 	AMC407722	 	2012-006627	 	6N	 	14E	 	20, 29
	 	 	 	 	 	 	 	 	 	 	 
	CS 27	 	AMC407723	 	2012-006628	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	CS 28	 	AMC407724	 	2012-006629	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	CS 29	 	AMC407725	 	2012-006630	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	CS 30	 	AMC407726	 	2012-006631	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	CS 31	 	AMC407727	 	2012-006632	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	Oak  1	 	AMC403611	 	2010-013862	 	5N	 	14E	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Oak  2	 	AMC403612	 	2010-013863	 	5N	 	14E	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Oak  3	 	AMC403613	 	2010-013864	 	5N	 	14E	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Oak  4	 	AMC403614	 	2010-013865	 	5N	 	14E	 	27

 

    	 	E-2	 

     

    

 

	Oak  5	 	AMC403615	 	2010-013866	 	5N	 	14E	 	27
	 	 	 	 	 	 	 	 	 	 	 
	Oak  6	 	AMC403616	 	2010-013867	 	5N	 	14E	 	27
	 	 	 	 	 	 	 	 	 	 	 
	Oak  7	 	AMC403617	 	2010-013868	 	5N	 	14E	 	27
	 	 	 	 	 	 	 	 	 	 	 
	Oak  8	 	AMC403618	 	2010-013869	 	5N	 	14E	 	27
	 	 	 	 	 	 	 	 	 	 	 
	Oak  9	 	AMC403619	 	2010-013870	 	5N	 	14E	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Oak 10	 	AMC403620	 	2010-013871	 	5N	 	14E	 	28
	 	 	 	 	 	 	 	 	 	 	 
	Pen  1	 	AMC403621	 	2010-013882	 	7N	 	14E	 	2, 11
	 	 	 	 	 	 	 	 	 	 	 
	Pen  2	 	AMC403622	 	2010-013883	 	7N	 	14E	 	2, 1, 11, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  3	 	AMC403623	 	2010-013884	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  4	 	AMC403624	 	2010-013885	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  5	 	AMC403625	 	2010-013886	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  6	 	AMC403626	 	2010-013887	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  7	 	AMC403627	 	2010-013888	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen  9	 	AMC403628	 	2010-013889	 	7N	 	14E	 	1, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 10	 	AMC403629	 	2010-013890	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 11	 	AMC403630	 	2010-013891	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 12	 	AMC403631	 	2010-013892	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 13	 	AMC403632	 	2010-013893	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 14	 	AMC403633	 	2012-006599	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 15	 	AMC403634	 	2010-013895	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 16	 	AMC403635	 	2010-013896	 	7N	 	14E	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 17	 	AMC403636	 	2010-013897	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 18	 	AMC403637	 	2010-013898	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 19	 	AMC403638	 	2010-013899	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 20	 	AMC403639	 	2010-013900	 	7N	 	14E	 	12

 

    	 	E-3	 

     

    

 

	Pen 21	 	AMC403640	 	2010-013901	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 22	 	AMC403641	 	2010-013902	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 23	 	AMC403642	 	2010-013903	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 24	 	AMC403643	 	2010-013904	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 25	 	AMC403644	 	2010-013905	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 26	 	AMC403645	 	2010-013906	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 27	 	AMC403646	 	2010-013907	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 28	 	AMC403647	 	2010-013908	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 29	 	AMC403648	 	2010-013909	 	7N	 	14E	 	12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 30	 	AMC403649	 	2010-013910	 	7N	 	14E	 	11, 12
	 	 	 	 	 	 	 	 	 	 	 
	Pen 31	 	AMC403650	 	2010-013911	 	7N	 	14E	 	11
	 	 	 	 	 	 	 	 	 	 	 
	Pen 32	 	AMC403651	 	2010-013912	 	7N	 	14E	 	11, 14
	 	 	 	 	 	 	 	 	 	 	 
	Pen 33	 	AMC403652	 	2010-013913	 	7N	 	14E	 	11, 14, 12, 13
	 	 	 	 	 	 	 	 	 	 	 
	Pen 34	 	AMC403653	 	2010-013914	 	7N	 	14E	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	Pen 35	 	AMC403654	 	2010-013915	 	7N	 	14E	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	Pen 36	 	AMC403655	 	2010-013916	 	7N	 	14E	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	Pen 37	 	AMC403656	 	2011-009766	 	7N	 	14E	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	Pen 38	 	AMC403657	 	2010-013918	 	7N	 	14E	 	12, 13
	 	 	 	 	 	 	 	 	 	 	 
	RC 10	 	AMC394981	 	2012-006600	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 11	 	AMC394982	 	2008-013501	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 12	 	AMC394983	 	2008-013502	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 13	 	AMC394984	 	2008-013503	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 14	 	AMC394985	 	2008-013504	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 15	 	AMC394986	 	2008-013505	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	RC 16	 	AMC394987	 	2008-013506	 	6N	 	14E	 	18

 

    	 	E-4	 

     

    

 

	RC 17	 	AMC394988	 	2008-013507	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	RC 18	 	AMC394989	 	2012-006601	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	RC 19	 	AMC394990	 	2008-013509	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	RC 20	 	AMC394991	 	2008-013510	 	6N	 	14E	 	18
	 	 	 	 	 	 	 	 	 	 	 
	RC 21	 	AMC394992	 	2008-013511	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 22	 	AMC394993	 	2008-013512	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 23	 	AMC394994	 	2008-013513	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	RC 24	 	AMC394995	 	2008-013517	 	6N	 	14E	 	17
	 	 	 	 	 	 	 	 	 	 	 
	WC  62	 	AMC414006	 	2012-001455	 	6N	 	14E	 	18, 19
	 	 	 	 	 	 	 	 	 	 	 
	WC  63	 	AMC414007	 	2012-001456	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  64	 	AMC414008	 	2012-001457	 	6N	 	14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  65	 	AMC414009	 	2012-001458	 	6N	 	14E	 	19, 20, 29
	 	 	 	 	 	 	 	 	 	 	 
	WC  66	 	AMC416412	 	2012-006047	 	T6N	 	R14E	 	18, 19
	 	 	 	 	 	 	 	 	 	 	 
	WC  67	 	AMC416413	 	2012-006048	 	T6N	 	R14E	 	18, 19
	 	 	 	 	 	 	 	 	 	 	 
	WC  68	 	AMC416414	 	2012-006049	 	T6N	 	R14E	 	18, 19
	 	 	 	 	 	 	 	 	 	 	 
	WC  69	 	AMC416415	 	2012-006050	 	T6N	 	R13E	 	24
	 	 	 	 	 	 	 	 	 	 	 
	WC  70	 	AMC416416	 	2012-006051	 	T6N	 	R13E	 	24
	 	 	 	 	 	 	 	 	 	 	 
	WC  71	 	AMC416417	 	2012-006052	 	T6N	 	R13/14E	 	24/19
	 	 	 	 	 	 	 	 	 	 	 
	WC  72	 	AMC416418	 	2012-006053	 	T6N	 	R13/14E	 	24/19
	 	 	 	 	 	 	 	 	 	 	 
	WC  73	 	AMC416419	 	2012-006054	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  74	 	AMC416420	 	2012-006055	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  75	 	AMC416421	 	2012-006056	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  76	 	AMC416422	 	2012-006057	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  77	 	AMC416423	 	2012-006058	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  78	 	AMC416424	 	2012-006059	 	T6N	 	R14E	 	19

 

    	 	E-5	 

     

    

 

	WC  79	 	AMC416425	 	2012-006060	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  80	 	AMC416426	 	2012-006061	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  81	 	AMC416427	 	2012-006062	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  82	 	AMC416428	 	2012-006063	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  83	 	AMC416429	 	2012-006064	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  84	 	AMC416430	 	2012-006065	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  85	 	AMC416431	 	2012-006066	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  86	 	AMC416432	 	2012-006067	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  87	 	AMC416433	 	2012-006068	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  88	 	AMC416434	 	2012-006069	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  89	 	AMC416435	 	2012-006070	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  90	 	AMC416436	 	2012-006071	 	T6N	 	R14E	 	19
	 	 	 	 	 	 	 	 	 	 	 
	WC  91	 	AMC416437	 	2012-006072	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  92	 	AMC416438	 	2012-006073	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  93	 	AMC416439	 	2012-006074	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  94	 	AMC416440	 	2012-006075	 	T6N	 	R14E	 	19, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  95	 	AMC416441	 	2012-006076	 	T6N	 	R14E	 	19, 20, 29, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC  96	 	AMC416442	 	2012-006077	 	T6N	 	R13/14E	 	25/30
	 	 	 	 	 	 	 	 	 	 	 
	WC  97	 	AMC416443	 	2012-006078	 	T6N	 	R14E	 	25/30
	 	 	 	 	 	 	 	 	 	 	 
	WC  98	 	AMC416444	 	2012-006079	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC  99	 	AMC416445	 	2012-006080	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 100	 	AMC416446	 	2012-006081	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 101	 	AMC416447	 	2012-006082	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 102	 	AMC416448	 	2012-006083	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 103	 	AMC416449	 	2012-006084	 	T6N	 	R14E	 	30

 

    	 	E-6	 

     

    

 

	WC 104	 	AMC416450	 	2012-006085	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 105	 	AMC416451	 	2012-006086	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 106	 	AMC416452	 	2012-006087	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 107	 	AMC416453	 	2012-006088	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 108	 	AMC416454	 	2012-006089	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 109	 	AMC416455	 	2012-006090	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 110	 	AMC416456	 	2012-006091	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 111	 	AMC416457	 	2012-006092	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 112	 	AMC416458	 	2012-006093	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 113	 	AMC416459	 	2012-006094	 	T6N	 	R14E	 	30
	 	 	 	 	 	 	 	 	 	 	 
	WC 114	 	AMC416460	 	2012-006095	 	T6N	 	R14E	 	29, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC 115	 	AMC416461	 	2012-006096	 	T6N	 	R14E	 	29, 30
	 	 	 	 	 	 	 	 	 	 	 
	WC 116	 	AMC416462	 	2012-006097	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 117	 	AMC416463	 	2012-006098	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 118	 	AMC416464	 	2012-006099	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 119	 	AMC416465	 	2012-006100	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 120	 	AMC416466	 	2012-006101	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 121	 	AMC416467	 	2012-006102	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 122	 	AMC416468	 	2012-006103	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 123	 	AMC416469	 	2012-006104	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 124	 	AMC416470	 	2012-006105	 	T6N	 	R14E	 	29
	 	 	 	 	 	 	 	 	 	 	 
	WC 125	 	AMC416471	 	2012-006106	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 126	 	AMC416472	 	2012-006107	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 127	 	AMC416473	 	2012-006108	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 128	 	AMC416474	 	2012-006109	 	T6N	 	R14E	 	31

 

    	 	E-7	 

     

    

 

	WC 129	 	AMC416475	 	2012-006110	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 130	 	AMC416476	 	2012-006111	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 131	 	AMC416477	 	2012-006112	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 132	 	AMC416478	 	2012-006113	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 133	 	AMC416479	 	2012-006114	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 134	 	AMC416480	 	2012-006115	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 135	 	AMC416481	 	2012-006116	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 136	 	AMC416482	 	2012-006117	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 137	 	AMC416483	 	2012-006118	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 138	 	AMC416484	 	2012-006119	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 139	 	AMC416485	 	2012-006120	 	T6N	 	R14E	 	30, 31
	 	 	 	 	 	 	 	 	 	 	 
	WC 140	 	AMC416486	 	2012-006121	 	T6N	 	R14E	 	31
	 	 	 	 	 	 	 	 	 	 	 
	WC 141	 	AMC416487	 	2012-006122	 	T6N	 	R14E	 	29, 30, 31, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 142	 	AMC416488	 	2012-006123	 	T6N	 	R14E	 	31, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 143	 	AMC416489	 	2012-006124	 	T6N	 	R14E	 	29, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 144	 	AMC416490	 	2012-006125	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 145	 	AMC416491	 	2012-006126	 	T6N	 	R14E	 	29, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 146	 	AMC416492	 	2012-006127	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 147	 	AMC416493	 	2012-006128	 	T6N	 	R14E	 	29, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 148	 	AMC416494	 	2012-006129	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 149	 	AMC416495	 	2012-006130	 	T6N	 	R14E	 	29, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 150	 	AMC416496	 	2012-006131	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 151	 	AMC416497	 	2012-006132	 	T6N	 	R14E	 	29, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 152	 	AMC416498	 	2012-006133	 	T6N	 	R14E	 	31, 32
	 	 	 	 	 	 	 	 	 	 	 
	WC 153	 	AMC416499	 	2012-006134	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 154	 	AMC416500	 	2012-006135	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 155	 	AMC416501	 	2012-006136	 	T6N	 	R14E	 	32
	 	 	 	 	 	 	 	 	 	 	 
	WC 156	 	AMC416502	 	2012-006137	 	T6N	 	R14E	 	19

 

    	 	E-8	 

     

    

 

SCHEDULE "F"

FORM OF ROYALTY 

 

ROYALTY AGREEMENT

 

● PROJECT

 

THIS AGREEMENT is made as of the ● day of July, 2018 (the
 "Effective Date")

 

AMONG

 

URANIUM ROYALTY CORP., a corporation duly organized
under the laws of Canada

 

(the "Holder");

 

AND

 

●, a corporation duly organized and existing
under the laws of ●

 

(the "Owner");

 

AND

 

URANIUM ENERGY CORP., a corporation duly organized
under the laws of the State of Nevada

 

(the "Parent")

 

WHEREAS

 

		A.	Pursuant to a Royalty Purchase Agreement dated July ●, 2018 between the Holder and the Parent
(the "Purchase Agreement"), the Parent agreed to create and grant, and cause the Owner to create and grant to
the Holder, a net smelter returns royalty in respect of the Property; and

 

		B.	The Owner wishes to create and grant to the Holder a net smelter returns royalty in respect of
the Property on the terms set forth herein.

 

NOW, THEREFORE, in consideration
of ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be legally bound, the Parties covenant and agree as follows:

 

    	 	F-1	 

     

    

 

Article
1.

INTERPRETATION

 

1.01 Defined Terms. Unless otherwise
defined, all capitalized terms shall have the following meanings.

 

		(a)	"affiliate" means as to any Person, any other Person which, directly or indirectly,
Controls, is Controlled by, or is under common Control with, such Person;

 

		(b)	"Agreement" means this agreement and all amendments, restatements or replacements
made hereto by written agreement between the Parties;

 

		(c)	"Business Day" means any calendar day other than a Saturday or Sunday or any day
that is a statutory holiday in Vancouver, British Columbia;

 

		(d)	"Claims" has the meaning ascribed thereto in Section 4.06(b);

 

		(e)	"Control" means:

 

		(i)	when applied to the relationship between a Person and a corporation, the beneficial ownership by
such Person at the relevant time of shares of such corporation carrying more than fifty percent (50%) of the voting rights ordinarily
exercisable at meetings of shareholders of such corporation or carrying sufficient rights to elect a majority of the directors
of such corporation or the ability of such Person to elect or appoint a majority of the directors or influence the voting of a
majority of the directors through contract, understanding or other arrangement; and

 

		(ii)	when applied to the relationship between a Person and a partnership or joint venture, the beneficial
ownership by such Person at the relevant time of more than 50% of the ownership interests of the partnership or joint venture in
circumstances where it can reasonably be expected that such Person directs the affairs of the partnership or joint venture;

 

and the words "Controlled
by", "Controlling" and similar words have corresponding meanings; provided that a Person (the "first-mentioned
Person") who Controls a corporation, partnership or joint venture (the "second-mentioned Person") shall
be deemed to Control: (i) a corporation, partnership or a joint venture (the "third-mentioned Person") which is
Controlled by the second-mentioned Person, (ii) a corporation, partnership or joint venture which is controlled by the third-mentioned
Person, and (iii) so on;

 

		(f)	"GAAP" means United States generally accepted accounting principles;

 

		(g)	"Governmental Authority" means any multinational, federal, provincial, state,
regional, municipal, local or other government or any governmental or public department, central bank, court, tribunal, arbitral
body, commission, board, bureau ministry or agency, domestic or foreign, any subdivision, agent, commission, board or authority
of any of the foregoing and any quasi- governmental or private body exercising any regulatory, expropriation or taxing authority
under or for the account of any of the foregoing;

 

    	 	F-2	 

     

    

 

		(h)	"Gross Value" means:

 

		(i)	in the case of any sales of Minerals by the Owner to any Person other than its affiliates or any
other Person not dealing at arm’s length with the Owner the proceeds of sale of such Minerals received by the Owner or its
affiliates from the sale of Minerals to a smelter, refiner, processor, purchaser or any other recipient of such production; and

 

		(ii)	in the case of any sales of Minerals by the Owner to any of its affiliates or any other Person
not dealing at arm’s length with the Owner, the applicable number of pounds of Minerals multiplied by the Market Value of
such Minerals.

 

		(i)	"Hedging Transactions" means any sales or dispositions of Minerals by the Owner
in any commodity futures trading, option trading, metals trading, or sales or dispositions of Minerals for other than spot prices
(including forward, pre-paid or long term selling transactions) or any combination thereof, and any other hedging transactions;

 

		(j)	"Holder" has the meaning given to it in the preamble;

 

		(k)	"Interest" has the meaning given to it in Section 2.02(e);

 

		(l)	"Market Value" means

 

		(i)	in the case of uranium oxide, the arithmetic average of the value in United States dollars per
pound of uranium oxide published at month-end in The UX Weekly by the UX Consulting Company LLC ("UxC"),
or its successor for the UxC price indicator entitled "Mth-End U3O8 Spot"; and

 

		(ii)	in the case of any other Minerals or where the pricing in (i) above is no longer published, the
price per pound of such product utilizing the generally accepted industry publication or other industry standard in the United
States for establishing the average per pound spot price of any such Mineral and, if no such price is available, such average price
per pound reflecting arm's length industry terms for the sale of such Minerals that the Parties agree to acting in good faith and
reasonably (in the event that the Parties cannot agree as such, then such price shall be fully and finally determined by arbitration
pursuant to Section 4.13, which determination shall be final and conclusive between the Parties).

 

		(m)	"Minerals" means all marketable naturally occurring uranium, uranium oxide, uranium
concentrates or any uranium or uranium oxide bearing material or by-products in whatever form or state (including uranium bearing
ores in a raw state, leachate, pregnant slurries or mine waters) that is mined, extracted, removed, produced or otherwise recovered
from the Property, in any form whatsoever, or any other beneficiated or derivative products thereof and including any such uranium,
uranium oxide or uranium concentrate bearing materials or products derived from any processing or reprocessing of any tailings,
waste rock, spoiled leach materials or other waste products or materials originally derived from the Property or any lands pooled
or unitized therewith;

 

    	 	F-3	 

     

    

 

		(n)	"Net Smelter Returns" means the actual aggregate Gross Value, directly or indirectly,
received by or payable to the Owner and/or its affiliates from the sale or other disposition of Minerals (including insurance proceeds)
or, if the account of the Owner at a Processor is credited with Minerals processed by the Processor, the Gross Value of Minerals
so credited to the Owner calculated on the basis of the aggregate quantity of such Minerals so credited during the relevant time
period, less the following specified expenses calculated on a per pound basis:

 

		(i)	all non-refundable direct sales taxes, use taxes, gross receipts taxes and severance taxes, payable
by the Owner, that are based directly upon, and assessed against, the value or quantity of Minerals produced, sold or otherwise
disposed of from the Property; but excluding any and all taxes based upon the net or gross income of the Owner or other operator
of the Property, the value of the Property or the privilege of doing business, and other taxes assessed on a similar basis; and

 

		(ii)	all transportation costs, including related insurance costs, for transportation of Minerals from
the Property to a Processor or to the point of sale, and all direct charges and/or costs charged by any smelter, refiner, mint
and/or other Processor of the Minerals, including penalties, if any (provided such charges, costs and/or penalties have not been
previously deducted by the Processor). Provided, however, that if the smelting, refining, minting and/or further processing is
carried out at facilities owned or controlled, in whole or in part, by the Owner or its affiliates or any other Person not dealing
at arm’s length with the Owner, then the charges and costs for such smelting, refining, minting and/or further processing
of such Minerals shall be the lesser of (A) the charges and other costs the Owner would have incurred if such smelting, refining,
minting and/or further processing was carried out at facilities that are not owned or controlled by the Owner or its affiliates
and that are offering comparable services for comparable products, and (B) the actual charges and costs incurred by the Owner with
respect to such smelting, refining, minting and/or further processing;

 

		(o)	"Notice" has the meaning given to it in Section 4.14;

 

		(p)	"Owner" has the meaning given to it in the preamble;

 

		(q)	"Parent" has the meaning given to it in the preamble;

 

		(r)	"Parties" and "Party" have the respective meanings given to them
in the recitals;

 

    	 	F-4	 

     

    

 

		(s)	"Person" includes any individual, firm, partnership, joint venture, venture capital
fund, association, trust, trustee, executor, administrator, legal personal representative, estate group, body corporate, corporation,
unincorporated association or organization, Governmental Authority, syndicate or other entity, whether or not having legal status;

 

		(t)	"Place of Delivery" means the place directed by the Holder to the Owner in writing;

 

		(u)	"Prime" means on any day, the rate of interest expressed as a rate per annum,
that The Bank of Nova Scotia establishes at its head office in Toronto, Ontario, as the reference rate of interest that it will
charge on that day for U.S. dollar demand loans to its most credit worthy customers in Canada and which it at present refers to
as its prime rate;

 

		(v)	"Processor" means collectively any third-party mill, smelter, refinery or other
processor of the Minerals which processes any Minerals to the final product stage before sale or other disposition by or for the
account of the Owner;

 

		(w)	"Property" means the mining claims and lease interests listed in Schedule A to
this Agreement and any other claims, mineral rights, leases, fee lands, exploration and prospecting permits, tenures and other
mineral or property interests of the Owner or any of its or the Parent's affiliates or purchased, acquired or otherwise obtained
by the Owner or any of its or the Parent's affiliates after the date hereof, within the outside boundaries of any part of the Property
as they exist on the date of this Agreement, as set out in Schedule B and, in each case, together with any present or future renewal,
extension, modification, relocation, substitution, amalgamation, replacement, succession, conversion, concession, demise to lease,
renaming or variation of any such claims, mineral rights, leases, fee lands, exploration and prospecting permits, tenures or other
mineral or property interests or additional acquired interests (whether granting or conferring the same, similar or any greater
rights and whether extending over the same or a greater or lesser domain);

 

		(x)	"Purchase Agreement" has the meaning given to it in the preamble; and

 

		(y)	"Royalty" has the meaning given to it in Section 2.01.

 

Section 1.02   Rules of Interpretation

 

		(a)	Currency. Unless otherwise specified, all references to money amounts are to the lawful
currency of the United States of America. If the Owner or any of its affiliates receives payment for the sale of Minerals in a
currency other than U.S. Dollars, then such payments shall be converted into U.S. Dollars on the date of receipt of such payment
using the United States Federal Reserve Board exchange rate for such other currency on such day.

 

		(b)	Accounting Principles. All calculations under this Agreement shall be made in accordance
with GAAP, as the same may be in effect from time to time.

 

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		(c)	Headings and Schedules. Headings of Sections are inserted for convenience of reference only
and do not affect the construction or interpretation of this Agreement.

 

		(d)	Including. Where the word "including" or "includes" is used in this
Agreement, it means "including (or includes) without limitation".

 

		(e)	No Strict Construction. The language used in this Agreement is the language chosen by the
Parties to express their mutual intent, and no rule of strict construction shall be applied against any Party.

 

		(f)	Number and Gender. Unless the context otherwise requires, words importing the singular include
the plural and vice versa and words importing gender include all genders.

 

		(g)	Severability. If, in any jurisdiction, any provision of this Agreement or its application
to any Party or circumstance is restricted, prohibited or unenforceable, such provision shall, as to such jurisdiction, be ineffective
only to the extent of such restriction, prohibition or unenforceability without invalidating the remaining provisions of this Agreement
and without affecting the validity or enforceability of such provision in any other jurisdiction or without affecting its application
to other Party or circumstances.

 

Article
2.

ROYALTY

 

Section 2.01   Royalty.  The
Owner hereby irrevocably grants, sells, assigns, transfers, conveys and agrees to pay to the Holder a royalty (the "Royalty")
on the Property equal to one percent (1.0%) of the Net Smelter Returns. The Owner and the Holder expressly acknowledge and agree
that the grant, sale, transfer and conveyance of the Royalty is effective as of the date of this Agreement and is intended to run
with and bind the Property and the interest of the Owner to the Property and shall be binding upon the successors and assigns of
the Owner and all successors of the Owner in title to the Property.

 

Section 2.02   Time and Manner of Royalty Payments. 

 

		(a)	Payment of the Royalty shall be calculated and paid for each fiscal quarter of each calendar year
during the term of this Agreement (each, a "quarter") (i.e., each succeeding three-month period of a calendar
year, the first quarter commencing on January 1st), commencing with the quarter (or the remainder of the quarter) in which the
date of this Agreement falls. The Royalty for each quarter shall be paid by certified cheque, bank draft or wire transfer (in the
sole and absolute discretion of the Holder) in United States dollars, on or before the day that is thirty (30) days after the last
day of each quarter. Any adjustment to the determination of any Royalty payment shall be made on the next scheduled Royalty payment.
All such Royalty and adjustment payments shall be delivered to the Holder at the Place of Delivery, in such manner as specified
in writing by the Holder.

 

    	 	F-6	 

     

    

 

		(b)	At least sixty (60) days prior to commencing any mining of the Property and concurrently with the
release of any annual report by the Owner, the Owner shall deliver to the Holder a reasonably detailed and reasoned estimate specific
to the Property of the mineral resources and/or proven and probable reserves of Minerals on, in or under the Property.

 

		(c)	At the time each Royalty payment is paid to the Holder, the Owner shall prepare and deliver to
the Holder a statement setting out in reasonable detail the manner in which such Royalty payment was calculated, including: (i)
the type and quantities of Minerals sold or otherwise disposed of by the Owner and/or its affiliates with respect to such quarter
or the amount of Minerals produced and credited to the account of the Owner for such quarter, as the case may be: (ii) the quantities
of Minerals to which such Royalty payment is applicable: (iii) the calculation of the applicable Net Smelter Returns, including
specific details of any allowable deductions from the Gross Value set forth under the definition of "Net Smelter Returns"
herein on an itemized basis; (iv) the calculation of Interest accrued on such Royalty payment, if any; (v) in the event of any
commingling as contemplated in Section 2.03, a detailed summary of the determination by the Owner of the quantity of Minerals commingled
in accordance with Section 2.03 and subject to the Royalty; and (vi) in the case of any Minerals in the form of ores mined and
stockpiled but not sold or processed by the Owner during the previous quarter, the tonnage and location of such Minerals so stockpiled.

 

		(d)	Notwithstanding any other provision in this Agreement, the Owner shall not be obligated to make
any Royalty payment before the Owner has received possession of or been credited with Minerals, or been credited with the sale
or other disposition of Minerals (but, for the avoidance of doubt, shall be obligated to make such payment upon being credited
with the sale or other disposition of Minerals, whether the Owner is in receipt of payment or not).

 

		(e)	The Holder may object in writing to any statement or Royalty payment amount within twelve (12)
months of the receipt by the Holder of the relevant and complete statement in respect of such Royalty payment in accordance with
Section 2.02(c). If it is determined by written agreement of the Parties or by arbitration that any Royalty payment has not been
properly paid in full as provided in this Agreement, the Owner shall pay interest on the delinquent payment at a rate of Prime
plus 5% per annum ("Interest"), commencing on the date on which such delinquent payment was properly due and continuing
until the date on which the Holder receives payment in full of such delinquent payment and all accrued interest on such delinquent
payment. For the purposes of this Section 2.02(e), Prime shall be determined as of the date on which such delinquent payment was
properly due.

 

		(f)	If it is determined by agreement of the Parties or by arbitration that any Royalty payment was
overpaid, or that no Royalty was payable at the relevant time, then the Owner shall be entitled to offset such amount against the
next Royalty payment.

 

    	 	F-7	 

     

    

 

		(g)	All Royalty payments, including Interest, if any, will be made subject to withholding or deduction
in respect of the Royalty for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever
nature imposed or levied on such Royalty payment by or on behalf of any Governmental Authority having power and jurisdiction to
tax and for which the Owner is obligated in law to withhold or deduct and remit to such Governmental Authority. The Owner shall
set out in the statement referred to in Section 2.02(c) any amount so withheld.

 

		(h)	All tailings, waste rock or other waste products resulting from the mining, milling or other processing
of ores derived from the Property from and after the date of this Agreement shall be the sole and exclusive property and responsibility
of the Owner, but shall be subject, at all times, to the Royalty and the terms of this Agreement, including the provisions in respect
of commingling, if such tailings, waste rock or other waste products are processed in the future resulting in the production of
Minerals from such tailings, waste rock or other waste products.

 

		(i)	For the purposes of the calculation of the Royalty in respect of any Hedging Transaction, the Gross
Value shall be deemed to be the number of pounds of minerals underlying such Hedging Transaction multiplied by the Market Value
and shall not be calculated based on the actual proceeds received from such Hedging Transactions.

 

Section 2.03   Commingling. 

 

		(a)	The Owner shall be entitled to commingle Minerals from the Property and from any other properties
owned or leased by the Owner, during the stockpiling, milling (concentrating), smelting, refining, minting or further processing
of Minerals produced from the Property, but, for the avoidance of doubt, not at any time prior to or during the mining phase of
production.

 

		(b)	Before any Minerals are commingled with ores or minerals from any other properties, including stockpiling,
the Minerals shall be measured and sampled in accordance with sound mining and metallurgical practices for moisture, metal and
other appropriate content. Representative samples of the Minerals shall be retained by the Owner and assays (including penalty
substances) and other appropriate analyses of these samples shall be made before commingling to determine metal, mineral, water
and other appropriate content of the Minerals. From this information, the Owner shall determine the quantity of the Minerals subject
to the Royalty notwithstanding that the Minerals have been commingled with ores or minerals from other properties. Twelve (12)
months after the expiration of the period of objection described in 2.02(e) above, the Owner may dispose of the materials and data
required to be produced and kept by this Section 2.03(b).

 

Section 2.04   Hedging Transactions.
All profits, losses and expenses resulting from any Hedging Transaction are specifically excluded from calculations of Royalty
payments pursuant to this Agreement. All Hedging Transactions shall be for the Owner's sole account and shall not affect the calculation
and payment to the Holder of the Royalty payment, which shall be calculated and paid in accordance with Section 2.02 above.

 

    	 	F-8	 

     

    

 

Section 2.05   Stockpiling. The
Owner or operator shall be entitled to stockpile, store or place ores of mined rock containing Minerals produced from the Property
in any locations owned, leased or otherwise controlled by the Owner or its affiliates or the Processor on or off the Property;
provided, however, that the same are appropriately identified as to ownership and origin and secured from loss, theft, tampering
and contamination.

 

Section 2.06   Books, Records and Inspections.

 

		(a)	The Owner shall keep true, complete and accurate books and records of all of its operations and
activities with respect to the Property, including the mining of Minerals from the Property and the mining, treatment, processing,
refining and transportation of Minerals, prepared in accordance with GAAP. Subject to complying with the confidentiality provisions
in Article 3, the Holder and/or its authorized representatives shall be entitled, upon delivery of ten (10) days' advance notice,
and during the normal business hours of the Owner, to perform audits or other reviews and examinations of the Owner's books and
records relevant to the calculation and payment of the Royalty pursuant to this Agreement no more than twice per calendar year
to confirm compliance with the terms of this Agreement, including calculations of Net Smelter Returns. Without limiting the generality
of the foregoing, the Holder shall have the right to audit all invoices and other records relating to the transportation of Minerals
from the Property to any mill, refinery or other Processor at which Minerals from the Property may be milled, smelted, concentrated,
refined or otherwise treated or processed, and relating to the transportation of Minerals in the form of concentrates, doré,
slag or other waste products from any mill at which Minerals from the Property may be milled, to a Processor. The Holder shall
diligently complete any audit or other examination permitted under this Section 2.06. All expenses of any audit or other examination
permitted under this Section 2.06 shall be paid by the Holder, unless the results of such audit or other examination permitted
under this Agreement disclose a deficiency in respect of any Royalty payments paid to the Holder in respect of the period being
audited or examined in an amount greater than 5% of the amount of the Royalty properly payable with respect to such period, in
which event all expenses of such audit or other examination shall be paid by the Owner.

 

		(b)	In performing such audit, the Holder and/or its agents shall have reasonable access to all sampling,
assay, weighing, and production records, including all mining, stockpile and milling records of the Owner relating to the Property
and any Minerals derived from the Property (and the Holder shall be allowed to make notes or photocopies), all of which such records
shall be kept and retained by the Owner or operator of the Property in accordance with sound mining and metallurgical practices
for the period of retention set out in Section 2.03(b).

 

    	 	F-9	 

     

    

 

Section 2.07   Monitoring. Subject
at all times to the workplace rules and supervision of the Owner and provided any rights of access do not interfere with any exploration,
development, mining or milling work conducted on the Property or at any mill at which Minerals from the Property may be processed,
the Holder shall at all reasonable times and upon reasonable notice, and at its sole risk and expense, have: (a) a right of access
by its representatives to the Properties and to any mill used by the Owner or its affiliates to process Minerals derived from the
Property (provided that, if such mill is not owned or controlled by the Owner, such right of access shall only be the same as any
such right of access of the Owner; and (b) the right (i) to monitor the Owner's stockpiling and milling of ore or Minerals derived
from the Property and to take samples from the Property or any stockpile or from any mill or Processor (if not prohibited under
any contract between the Owner and any such Processor) for purposes of assay verifications, and (ii) to weigh or to cause the Owner
to weigh all trucks, rail cars or other transportation method transporting Minerals from the Property to any mill processing Minerals
from the Property prior to dumping of such ore and immediately following such dumping.

 

Section 2.08   Conduct of Operations.

 

		(a)	Subject to Sections 2.08(b) and 2.08(c), all decisions concerning methods, the extent, times, procedures
and techniques of any: (i) exploration, development and mining related to the Property, (ii) leaching, milling, processing or extraction
treatment, if any; and (iii) materials to be introduced on or to the Property or produced from the Property, shall be made by the
Owner in its sole and absolute discretion and all decisions concerning the sale or other disposition of Minerals (including, without
limitation, decisions as to buyers, times of sales, whether to store or stockpile Minerals for a reasonable length of time) from
the Property shall be made by the Owner, acting reasonably and in accordance with good mining and engineering practices.

 

		(b)	The Owner shall not be required to mine Minerals but shall process any Minerals that it mines from
the Property as expeditiously as possible. The Owner shall not be responsible for or obliged to make any Royalty payments for Minerals
or Mineral value lost in any mining or processing of the Minerals conducted in accordance with generally accepted mining practices
at the applicable time.

 

		(c)	The Owner shall use its reasonable commercial efforts to sell all Minerals at the highest possible
prices it is able to negotiate.

 

Article
3.

CONFIDENTIALITY

 

		(a)	Subject to Article 3(c), no Party shall, without the express written consent of the other Party,
which consent shall not be unreasonably withheld or delayed, disclose any non-public information in respect of the terms of this
Agreement or otherwise received under or in conjunction with this Agreement and, in the case of the Holder, concerning Minerals
and operations on the Property or any other properties owned or leased by the Owner, other than to its employees, agents and/or
consultants for purposes related to the administration, or assignment by the Holder, of this Agreement and no party shall issue
any press releases concerning the terms of this Agreement or, in the case of the Holder, in respect of the operations of the Owner,
without the consent of the other Party after such Party having first reviewed the terms of such press release. Each Party agrees
to reveal such information only to its employees, agents and/or consultants who need to know, who are informed of the confidential
nature of the information and who agree to be bound by the terms of this Article 3.

 

    	 	F-10	 

     

    

 

		(b)	The Parties may disclose data or information obtained under or in conjunction with this Agreement
and otherwise prohibited from disclosure by this Article 3 after providing the other parties with a copy of the proposed disclosure
and if the other Party does not object, acting reasonably, to such disclosure by notice in writing to such party within 48 hours
after receipt of such copy:

 

		(i)	to any third Person to whom such party in good faith anticipates selling or assigning its interest
under this Agreement;

 

		(ii)	to a prospective lender to such Party; or

 

		(iii)	to a prospective equity financier or investor of such Party,

 

provided that, in each case,
the Party to whom disclosure is proposed shall first have been provided with and signed and delivered to the other Party a confidentiality
agreement executed by such third party purchaser, lender, financier or investor which agreement shall include the confidentiality
provisions of this Article 3.

 

		(c)	The Parties may disclose data or information obtained under this Agreement if required to do so
for compliance with applicable laws, rules, regulations or orders of a Governmental Authority or stock exchange having jurisdiction
over such Party; provided, however, that such Party shall disclose only such data or information as, in the opinion of its counsel,
is required to be disclosed and provided further that it will provide the other Party with a copy of the proposed disclosure and
the other Party shall be given the right to review and object to the data or information to be disclosed within 48 hours of its
receipt of such copy prior to any release, and any such release will be subject to any reasonable objections or changes proposed
by the other Party.

 

Article
4.

ADDITIONAL TERMS

 

Section 4.01   Applicable Law.  This
Agreement shall be governed by and interpreted in accordance with the laws of the State of ●, without regard to the conflict
of laws provisions thereof.

 

Section 4.02   Waiver.  The
failure of any Party to insist on the strict performance of any provision of this Agreement or to exercise any right, power or
remedy upon a breach hereof shall not constitute a waiver of any provision of this Agreement or limit such Party's right thereafter
to enforce any provision or exercise any right hereunder.  A waiver of any provision of this Agreement shall not be effective
unless in writing and signed by the party against whom it is to be enforced.

 

    	 	F-11	 

     

    

 

Section 4.03   Assignment by Holder.
The Holder shall have the right, at any time and from time to time, to assign, transfer, convey, mortgage, pledge or charge
any portion or all of the Royalty and its interest in and to this Agreement. The Owner covenants and agrees that it shall be bound
by and shall perform and that it will acknowledge in writing in favour of such assignee, transferee, mortgagee, pledgee or chargee
that it is bound by and shall perform, the terms of this Agreement upon any such assignment, transfer, conveyance, mortgage, pledge
or charge. The Holder shall notify the Owner in writing prior to the completion of any such assignment, transfer or conveyance,
confirming the identity of such transferee, the appropriate Place of Delivery and the new address for notice to such transferee.

 

Section 4.04   Transfer by Owner. The
Owner shall be entitled to assign, sell, transfer, lease, mortgage, charge or otherwise encumber the Property or the Minerals or
the proceeds from the Minerals and its rights and obligations under this Agreement; provided, however, the following conditions
are satisfied and, upon such conditions being satisfied in respect of any such assignment, sale or transfer and, subject to the
provision of Section 4.10, the Owner and, unless the transfer is to an affiliate of the Owner or Parent, the Parent shall be released
from all obligations under this Agreement (other than with respect to obligations, including as to payments of Royalty and other
amounts hereunder, accrued or payable in respect of any period prior thereto):

 

		(a)	any purchaser, transferee, lessee or assignee of the Property or this Agreement agrees in advance
in writing in favour of the Holder to be bound by the terms of this Agreement, including this Section 4.04 and the indemnity set
out in Section 4.06(b);

 

		(b)	any purchaser, transferee, lessee or assignee of this Agreement has simultaneously acquired the
Owner's right, title and interest in and to the Property;

 

		(c)	any mortgagee, chargee, lessee, assignee or encumbrancer of the Property or this Agreement agrees
in advance in writing in favour of the Holder to be bound by and subject to the terms of this Agreement if it takes possession
of or forecloses on all or part of the Property and acknowledges that the Holder shall be entitled to receive the Royalty payments
to which it is entitled under this Agreement in priority to any payments to such mortgagee, chargee, lessee, assignee or encumbrancer
and undertakes to obtain an agreement in writing in favour of the Holder from any subsequent purchaser, lessee, assignee or transferee
of such mortgagee, chargeholder, lessee or encumbrancer that such subsequent purchaser, lessee, assignee or transferee will be
bound by the terms of this Agreement, including this Section 4.04;

 

		(d)	any royalty or other similar interest in or to the Property or in and to any Minerals granted by
the Owner after the date of this Agreement shall contain a term to the effect that no payment, in cash or in product in kind, shall
be made until the Royalty granted under this Agreement has been paid in full for the relevant time period. Notwithstanding anything
else herein, the Owner shall not, and shall cause its affiliates not to, create, grant, sell or allow to be created or granted
any other royalties or similar interest in respect of the Property, without the prior written consent of the Holder, which consent
will not be unreasonably withheld; and

 

    	 	F-12	 

     

    

 

		(e)	the Owner provides prior written notice to the Holder of any such assignment, sale, lease, transfer
or charge if reasonably practicable and, in any event, provides such written notice as soon as reasonably practicable thereafter.

 

Section 4.05   Registration. Notwithstanding
Article 3, the Holder may cause, at its own expense, the due registration of this Agreement or notice of this Agreement against
the title to the Property. The Owner covenants and agrees that it shall co-operate with such registration and provide its written
consent or signature to any documents or things reasonably necessary to accomplish such registration in order to ensure that any
successor or assignee or other acquiror or assignment of sale, lease, transfer or charge, if practicable and, in any event, provides
such written notice as soon as reasonably practicable thereafter to any such encumbrancer of the Owner's title to the Property,
or any interest in the Property, shall have public notice of this Agreement and the terms of this Agreement. If any additional
claims, mineral rights, leases, fee lands, exploration and prospecting permits, tenures or other mineral or property interests
or additional acquired interests is acquired by or is granted to the Owner or its affiliates that are part of the Property, or
if any present or future renewal, extension, modification, relocation, substitution, amalgamation, replacement, succession, conversion,
concession, demise to lease, renaming or variation of any interest in the Property of the Owner or its affiliates is acquired as
contemplated in the definition of Property, the Owner agrees to execute and deliver such document or documents as the Holder may
reasonably request to acknowledge that the Royalty or any mortgage or security interest is applicable thereto including, without
limitation, any registration or recording document of any nature whatsoever, inclusive of those contemplated in this Subsection
4.05.

 

Section 4.06   Representations of the
Owner. 

 

		(a)	The Owner hereby represents and warrants that it has the corporate power, capacity and authority
to grant the Royalty to the Holder and such grant and the execution and delivery of this Agreement by the Owner has been duly authorized
by all required corporate action of the Owner and this Agreement represents a valid and binding obligation of the Owner duly enforceable
against it by the Holder.

 

		(b)	It is acknowledged that the Holder has no involvement in the carrying out of work related to or
conducted on, in or under the Property or in any decisions related to the Property or any work related to or conducted on, in or
under the Property from and after the date of this Agreement, all such matters being in the sole control of the Owner. The Owner
hereby indemnifies and saves harmless the Holder and its respective affiliates and their respective directors, officers, shareholders
and employees from and against any and all costs, expenses, (including reasonable fees and expenses of legal counsel), damages,
obligations, penalties, claims, orders or directives or other liability of any nature whatsoever ("Claims") incurred
in respect of or arising out of the Property or the title to the Property or ownership of the Property, or any work, operation,
activities or event on the Property conducted or arising from and after the date of this Agreement by virtue or by reason of the
status of the Holder as a royalty holder.

 

    	 	F-13	 

     

    

 

Section 4.07   Parent Guarantee. 
The Parent hereby irrevocably and unconditionally guarantees to the Holder the performance by the Owner of its obligations pursuant
to this Agreement. The Parent shall be liable jointly and severally with the Owner to the Holder for the failure of the Owner to
discharge any of its obligations under this Agreement or arising in connection with the transactions contemplated in this Agreement.

 

Section 4.08   Further Assurances.  Each
of the Parties will promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such further documents
and instruments and do all acts and things as may be reasonably required to effectively carry out or better evidence or perfect
the full intent and meaning of this Agreement.

 

Section 4.09   No Partnership. Nothing
in this Agreement shall be construed to create, expressly or by implication, a joint venture, partnership, commercial partnership
or other partnership relationship between the Holder and the Owner and/or the Parent.

 

Section 4.10   Assignment. Any
assignment, transfer, conveyance, mortgage, pledge or charge or lease or purported assignment, transfer, conveyance, mortgage,
pledge or charge or lease of any interest in the Property by the Owner, or in, to or arising under this Agreement by the Owner,
the Parent or the Holder, which does not comply with the terms of this Agreement shall be null and void and of no force or effect
whatsoever. Notwithstanding any other provision in this Agreement, including the provisions of Section 4.04, the Owner shall remain
liable for all covenants, obligations, representations and warranties and indemnities of the Owner contained in this Agreement,
despite any assignment, transfer, conveyance, mortgage, pledge, charge or lease of any interest in the Property by the Owner, or
in, to or arising under this Agreement, to any affiliate of the Owner, until such time as the affiliate is released pursuant to
Section 4.04.

 

Section 4.11   Amendment. No amendment
to this Agreement may be made unless agreed to by the Parties in writing.

 

Section 4.12   Abandonment
/ Relinquishment. For the sake of clarity, in the event that the Owner abandons, surrenders or relinquishes any interest
comprising all or part of any of the Property and, after such abandonment, surrender or relinquishment, the Owner and/or any of
its affiliates reacquires any such interest, then such reacquired interest shall be included in the Property for the purposes of
this Agreement and the terms of this Agreement shall apply thereto. 

 

    	 	F-14	 

     

    

 

Section 4.13   Dispute
Resolution. Except as otherwise provided in this Agreement, all disputes arising under or in connection with this Agreement,
or the construction or enforcement thereof shall be resolved by arbitration in accordance with this Section. In the event of any
such dispute, either the Owner, on behalf of itself and the Parent, or the Holder may provide a Notice to the other Party summarizing
the grounds for the Dispute (in this Section, a "Dispute Notice"). The Owner, on behalf of itself and the Parent,
and the Holder shall endeavor to resolve any dispute amicably by negotiation between a member of senior management of each of the
Owner and the Holder who has authority to settle the dispute. Any settlement of a dispute by the Owner and the Holder resulting
from such negotiations shall be binding on the Parent. Any dispute that is not resolved by such negotiation shall be finally determined
by arbitration administered by the international division of the American Arbitration Association, the International Centre for
Dispute Resolution (in this Section, the "ICDR") in accordance with its International Arbitration Rules (in this
Section, the "Rules"). Any Party may initiate such arbitration following thirty (30) days after the delivery
of a Dispute Notice. The place of arbitration shall be ●, ●. The arbitration shall be conducted in the English language.
Each Party reserves the right to apply to any court of competent jurisdiction for provisional and/or interim relief including pre-arbitral
attachments or injunctions and any such request shall not be deemed incompatible with the agreement to arbitrate or a waiver of
the right to arbitrate; provided, however, that after the arbitral tribunal is constituted the tribunal shall have sole jurisdiction
to consider applications for provisional and/or interim relief and any such measures ordered by the arbitration tribunal may be
specifically enforced by any court of competent jurisdiction. For disputes involving amounts of $500,000 or less, the Owner, on
behalf of itself and the Parent, and the Holder shall attempt, by mutual agreement, to agree upon a sole arbitrator within thirty
(30) days from the date of the initiating Party’s commencement of the arbitration. If the Owner and the Holder cannot agree
upon a sole arbitrator within such thirty (30) day period, the ICDR shall make the appointment in accordance with the Rules. In
the case of disputes involving amounts of more than $500,000, the arbitration shall be conducted by a panel of three arbitrators
with one arbitrator being selected by the initiating Party at the time it commences the arbitration, one arbitrator being selected
by the responding Party within thirty (30) days of the commencement of the arbitration and the third arbitrator, who shall
act as the presiding arbitrator, being selected by mutual agreement of the arbitrator selected by the initiating party and the
arbitrator selected by the responding party (it being understood and agreed that the Owner shall select one arbitrator on behalf
of itself and the Parent and a selection by the Owner of such arbitrator shall be binding upon the Parent). If such two arbitrators
cannot agree within thirty (30) days of commencement of the arbitration upon the appointment of the third arbitrator, the
third arbitrator shall be appointed by the ICDR in accordance with the Rules. Moreover, if a Party shall fail to appoint an arbitrator
within the specified time period, such arbitrator and the third arbitrator shall be appointed by the ICDR in accordance with the
Rules. Notwithstanding the foregoing, the arbitrator or arbitrators, as the case may be, shall be lawyers with at least ten years'
experience with international commercial transactions. Judgment upon the award rendered by the arbitrator(s) may be entered in
any court having jurisdiction. Any award of the arbitral tribunal shall be final and binding on the Parties. The Parties undertake
to comply fully and promptly with any award without delay and shall be deemed to have waived their right to any form of recourse
insofar as such waiver can validly be made.

 

Section 4.14   Notices.  Any notices and other
required communications (a "Notice") to the parties to this Agreement shall be in writing, and shall be addressed
respectively as follows:

 

If to URC:

 

502-211 Yonge Street

Toronto, Ontario

Canada M5B 1M4

Attention: Philip Williams, President

Email: pwilliams@uraniumroyalty.com

 

    	 	F-15	 

     

    

 

With a copy to (which copy shall not constitute Notice):

 

Sangra Moller LLP

1000-925 West Georgia Street

Vancouver, BC

Canada V6C 3L2

Attention: Rod Talaifar

Email: rtalaifar@sangramoller.com

 

If to UEC:

 

1030 West Georgia Street, Suite 1830

Vancouver, BC

Canada V6E 2Y3

Attention: Amir Adnani

Email: aadnani@uraniumenergy.com

 

With a copy to (which shall not constitute Notice):

 

McMillan LLP

Royal Centre, 1055 West Georgia Street

Suite 1500, P.O. Box 11117

Vancouver, BC

Canada V6E 4N7

Attention: Thomas J. Deutsch

Email: thomas.deutsch@mcmillan.ca

 

All Notices shall be given (a) by
personal delivery to the other party, (b) by electronic communication, with a confirmation sent by registered or certified
mail, return receipt requested, or (c) by registered or certified mail, return receipt requested. Notices shall be effective
and shall be deemed delivered on receipt if delivered during normal business hours, and, if not delivered during normal business
hours, on the next Business Day following delivery. A party may change its address by Notice to the other parties.

 

Section 4.15   Entire Agreement.  This
Agreement sets forth the entire agreement between the Parties with respect to the subject matter of this Agreement and supersedes
any and all prior discussions, letters of intent or agreements in principle between the Parties.

 

Section 4.16   Binding Effect;
No Third Party Beneficiaries. This Agreement shall be binding upon and shall inure to the exclusive benefit of the Parties
and their respective heirs, executors, administrators, legal representatives, successors and permitted assigns and nothing in this
Agreement, express or implied, is intended to, nor shall it, confer in any other Person any legal or equitable right, benefit or
remedy of any nature whatsoever under or by reason of this Agreement.  

 

Section 4.17   Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each of the parties and delivered to the other parties, it being understood that
all parties need not sign the same counterpart.

 

[Remainder of page intentionally
blank]

 

    	 	F-16	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the Effective Date.

 

	URANIUM ROYALTY CORP.	●

 

	By:	 	 	By:	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 

 

URANIUM ENERGY CORP.

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    	 	F-17	 

     

    

 

SCHEDULE "G"

CONSENTS AND APPROVALS

 

Respecting UEC:

 

The consent of UEC’s
lenders pursuant to a second amended credit agreement between UEC and its lenders, Sprott Resource Lending Partnership, CEF (Capital
Markets) Limited and Resource Income Partners Limited Partnership, dated February 9, 2016, and all assignees of such lenders, which
includes The Rick and Bonnie Rule Family Trust (now named RIBO Trust), Suntrail Investments Ltd. and Salim Jiwa.

 

Respecting the Purchaser:

 

The consent of the Purchaser’s
lenders pursuant to the credit agreement dated July 3, 2018 between URC, Sprott Resource Lending Corp., as agent, Sprott Resource
Lending Corp. , as security agent, Sprott Resource Holdings Inc., Sprott Resource Lending Corp., Term Oil Inc. and Natural Resource
Income Investing Limited Partnership, as original lenders.

 

    	 	G-1	 

     

    

 

SCHEDULE "H"

FORM OF DECLARATION

 

	TO:	URANIUM ROYALTY CORP.
	 	 
	AND TO:	ITS REGISTRAR AND TRANSFER AGENT

 

The undersigned (a) acknowledges that the
sale of the securities of Uranium Royalty Corp. (the "Corporation") to which this declaration relates is being made in
reliance on Rule 904 of Regulation S under the United States Securities Act of 1933, as amended (the "1933 Act") and
(b) certifies that (1) the undersigned is not an affiliate of the Corporation (as that term is defined in Rule 405 under the 1933
Act), (2) the undersigned is not an underwriter, dealer, or other person who participates, pursuant to a contractual arrangement,
in the distribution of the securities, and is not receiving a selling commission, fee or other remuneration in connection with
the sale, (3) the offer of such securities was not made to a person in the United States and either (A) at the time the buy order
was originated, the buyer was outside the United States, or the seller and any person acting on its behalf reasonably believed
that the buyer was outside the United States, or (B) the transaction was executed in, on or through the facilities of a "Designated
Offshore Securities Market" as defined in Rule 902 of Regulation S under the 1933 Act and neither the seller nor any person
acting on its behalf knows that the transaction has been prearranged with a buyer in the United States, (4) neither the seller
nor any affiliate of the seller nor any person acting on any of their behalf has engaged or will engage in any directed selling
efforts in the United States in connection with the offer and sale of such securities, (5) to the best knowledge of the undersigned,
the buyer is not a dealer or a person receiving a selling concession, fee or other remuneration with respect to the sale, (6) the
sale is bona fide and not for the purpose of "washing off' the resale restrictions imposed because the securities are "restricted
securities" (as such term is defined in Rule 144(a)(3) under the 1933 Act), (7) the seller does not intend to replace such
securities with fungible unrestricted securities of the Corporation and (8) the contemplated sale is not a transaction, or part
of a series of transactions which, although in technical compliance with Regulation S, is part of a plan or scheme to evade the
registration provisions of the 1933 Act. Terms used herein have the meanings given to them by Regulation S under the 1933 Act.

 

	Dated:	 	 	 
	 	 	 	URANIUM ENERGY CORP.

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	H-1EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT 

THIS SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is entered into and effective as of October 12,
2018 (the “Effective Date”), by and among Cambium Learning Group, Inc., a Delaware corporation (the “Purchaser”), Edcity Holding Inc., a Florida corporation (“Edcity”), VSS VKidz LLC, a Delaware
limited liability company (“VSS”, and together with Edcity, the “Sellers”, and each, a “Seller”), VKidz Holdings Inc., a Delaware corporation (the “Company”), and VSS, solely in its
capacity as Representative (the “Representative”). Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to such terms in the Purchase Agreement (as defined below). 

WHEREAS, the Company, the Sellers, the Purchaser and the Representative are parties to that certain Stock Purchase Agreement, dated as of
May 13, 2018 (as amended, the “Purchase Agreement”), as amended by that certain First Amendment to Stock Purchase Agreement, dated as of June 6, 2018, by and among the Company, the Sellers, the Purchaser and the
Representative; 
 WHEREAS, the Purchaser is a party to that certain Agreement and Plan of Merger, dated as of the date hereof (as amended
from time to time, the “Merger Agreement”, and together with the Purchase Agreement, the “Acquisition Agreements”), by and among the Purchaser, Campus Holding Corp. and Campus Merger Sub Inc.; 

WHEREAS, pursuant to Section 10.8 of the Purchase Agreement, at any time prior to the Closing, whether before or after receipt of the
Purchaser Required Vote, if applicable, the parties to the Purchase Agreement may modify or amend the Purchase Agreement by written agreement executed and delivered by duly authorized officers of the respective parties to the Purchase Agreement; and

 WHEREAS, the parties to the Purchase Agreement desire to amend certain terms of the Purchase Agreement in accordance with the terms set
forth herein and therein. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1.
Amendments to Purchase Agreement. The Purchase Agreement is hereby amended as follows: 
 (a) The definition of “R&W
Insurance Policy” set forth in Section 1.1 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following text: 

““R&W Insurance Policy” means the “buyer’s side” representation and warranty insurance
policy to be obtained by the Purchaser or any counterparty to the applicable Purchaser Control Transaction (or any Affiliate thereof), on terms and conditions acceptable to the Person obtaining such insurance policy, in such Person’s sole
discretion, insuring, as of immediately following the consummation of such Purchaser Control Transaction, among other things, the Purchaser for Damages due to breaches of representations and warranties set forth in
Articles III and IV.” 

 (b) The definition of “R&W Insurance Policy Retention Amount” set forth in
Section 1.1 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following text: 

““R&W Insurance Policy Retention Amount” means an amount equal to $1,400,000.” 

(c) Section 2.3(b)(iv) of the Purchase Agreement is hereby deleted in its entirety and replaced with the following text: 

“(v) certificate of coverage showing that the R&W Insurance Policy has been obtained; and” 

(d) Section 5.1 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following text: 

“Section 5.1 Organization and Good Standing. The Purchaser is a corporation, duly organized, validly existing
and in good standing under the Laws of the State of Delaware, with full organizational power and authority to enter into this Agreement and each of the Purchaser Documents to which it is or will be a party, and to perform its obligations hereunder
and thereunder.” 
 (e) Section 6.14 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following
text: 
 “Section 6.14 Waiver. Each Seller hereby irrevocably waives in their entirety, and shall refrain
from exercising under any circumstances, any dissenters’ rights, rights of appraisal, any similar rights, or any other claim or Proceeding in respect of the value of consideration received, with respect to the transactions contemplated by the
Acquisition Agreements, whether pursuant to applicable Law or otherwise.” 
 (f) Section 7.2(g) of the Purchase Agreement is hereby
deleted in its entirety and replaced with the following text: 
 “(g) R&W Insurance Policy. The R&W
Insurance Policy shall have been obtained.” 
 2. Miscellaneous. 

(a) Except as expressly provided herein or any side letters executed by the parties pursuant to the Purchase Agreement, all of the terms,
conditions and other provisions of the Purchase Agreement are hereby ratified and confirmed and shall remain unchanged and in full force and effect in accordance with their respective terms. Any reference to the Purchase Agreement in any instrument
or document shall be deemed a reference to the Purchase Agreement as amended hereby. In the event of any conflict or inconsistency between the provisions of the Purchase Agreement and the provisions of this Amendment, the provisions of this
Amendment shall control. 

  
 2 

 (b) This Amendment, together with the Purchase Agreement and any side letters thereto,
constitute the entire agreement among the parties hereto and thereto and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof and thereof. 

(c) This Amendment shall be governed by and construed in accordance with the internal laws of the State of New York without regard to the
conflicts of law rules thereof. 
 (d) This Amendment may be executed in one or more counterparts (including by facsimile or electronic .pdf
submission), each of which shall be deemed an original, and all of which shall constitute one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered (by telecopy,
portable document format (.pdf) or otherwise) to the other parties, it being understood that the parties need not sign the same counterpart. 

[Signature Page Follows] 

  
 3 

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

			
	PURCHASER:
	
	CAMBIUM LEARNING GROUP, INC.
		
	By:	 	 /s/ Barbara Benson

	Name:	 	Barbara Benson
	Title:	 	Chief Financial Officer

 [Signature Page to Second Amendment to Stock Purchase Agreement] 

 
			
	SELLER:
	
	EDCITY HOLDING INC.
		
	By:	 	 /s/ John Edelson

	Name:	 	John Edelson
	Title:	 	President
	
	COMPANY:
	
	VKIDZ HOLDINGS INC.
		
	By:	 	 /s/ John Edelson

	Name:	 	John Edelson
	Title:	 	President

 [Signature Page to Second Amendment to Stock Purchase Agreement] 

 
			
	SELLER:
	
	VSS VKIDZ LLC
		
	By:	 	 /s/ Jeffrey T. Stevenson

	Name:	 	Jeffrey T. Stevenson
	Title:	 	  

	
	REPRESENTATIVE:
	
	VSS VKIDZ LLC
		
	By:	 	 /s/ Jeffrey T. Stevenson

	Name:	 	Jeffrey T. Stevenson
	Title:	 	  

 [Signature Page to Second Amendment to Stock Purchase Agreement]

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