Document:

EX4-16

Exhibit 4.16

CONSULTING AGREEMENT

AGREEMENT, made this day 29th of  March, 2007 by and between Uranium Energy Corp., having its principal place of business at 9801 Anderson Mill Road, Suite 230, Austin, Texas 78750  (hereinafter the "Company") and EurXchange Consulting Ltd., having its principal place of business at 666 Burrard Street, Suite 1240, Vancouver, B.C., V6C 2X8 (hereinafter the "Consultant").

          WHEREAS, the Company desires to retain the Consultant for consulting services in connection with financial and investor public relations and related matters in the Federal Republic of Germany and the Consultant desires to provide such services as set forth herein.

          NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

A.        CONSULTAION

          1.          Consultant.  The Company hereby retains the Consultant to render to the Company the consulting services as described in Section A hereof, and the Consultant hereby accepts such assignment upon the terms and conditions hereinafter set forth.

          2.          Independent Relationship.  The Consultant shall provide the consulting services required to be rendered by it hereunder solely as an independent contractor and nothing contained herein shall be construed as giving rise to and employment or agency relationship, joint venture, partnership or other form of business relationship.

          3.          No Authority to Obligate the Company.  Without the consent of the board of directors or appropriate officer of the Company, the Consultant shall have no authority to take, nor shall it take, any action committing or obligating the Company in any manner, and it shall not represent itself to others as having such authority.

          4.          Term.  The term of the Consultant's consultation to the Company hereunder shall commence as of the date hereof and shall extend for a term of six (6) months.

B.        OBLIGATIONS OF THE CONSULTANT

          1.          Consulting Services.  During the term of this Agreement, Consultant will render advice and assistance to the Company on public and investor relations related matters, and in connection therewith the Consultant shall perform and render the consulting services enumerated in Schedule A hereto.

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ALL OF THE FOREGOING CONSULTANT PREPARED DOCUMENTATION CONCERNING THE COMPANY, INCLUDING, BUT LIMITED TO, DUE DILIGENCE REPORTS, CORPORATE PROFILE, FACT SHEETS, AND QUARTERLY NEWSLETTERS, SHALL BE PREPARED BY THE CONSULTANT FROM MATERIALS SUPPLIED TO IT BY THE COMPANY AND SHALL BE APPROVED BY THE COMPANY IN WRITING PRIOR TO DISSEMINATION BY THE CONSULTANT.

 

          2.          Nonexclusive Engagement; Extent of Services.

                      a.  The parties agree that the consultation contemplated by this Agreement is a nonexclusive engagement and that the Consultant now renders and may continue to render consulting services to other companies which may or may not conduct activities similar to those of the Company.

                      b.  The Consultant will devote such time and effort to the affairs of the Company as Consultant deems reasonable and adequate to render the consulting services contemplated by this Agreement.  The Consultant's work will not include any services that constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of certified public accountants.

          3.          Confidentiality.  The Consultant will not, either during its engagement by the Company pursuant to this Agreement or at any other time thereafter, disclose, use or make known for its or another's benefit, any confidential information, knowledge, or data of the Company or any of its affiliates in any way acquired or used by the Consultant during its engagement by the Company.  Confidential information, knowledge or data of the Company and its affiliates shall not include any information which is or becomes generally available to the public other than as a result of a disclosure by the Consultant or its representatives.

C.        OBLIGATIONS OF THE COMPANY

          1.          Compensation.

a. Cash Retainer.  The Company will pay according to Schedule A the amount of 300,178 EUR in total.  The first installment of 209,000 EUR is due on the date hereof.  The second installment of 91,178 EUR is payable 90 days from the signing of this agreement..

          2.          Reimbursement of Expenses.

a.  Out-of Pocket Expenses.  The Company shall reimburse the Consultant for actual out-of-pocket expenses including, but not limited to, facsimile, postage, printing, photocopying, and entertainment, incurred by the Consultant without the prior consent of the Company and in connection with the performance by the Consultant of its duties hereunder in amounts up to one-thousand dollars ($1,000) per month.  The prior consent of the Company shall be required for reimbursement of expenses in excess of one-thousand dollars ($1,000) per month.

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b. Travel and Related Expenses.  The Company shall reimburse the Consultant for the costs of all travel and related expenses incurred by the Consultant in connection with the performance of its services hereunder, provided that all such costs and expenses have been authorized, in advance, by the Company.

c. General. Expenses shall be due and payable when billed and after they have been incurred.

 

D.        MISCELLANEOUS

          1.           Entire Agreement.  This Agreement contains the entire agreement between the parties with respect to the engagement of Consultant by the Company as a consultant and supersedes and replaces any and all prior understandings, agreements or correspondence between the parties relating to the subject matter hereof.

          2.          Modification and Waiver.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both the parties hereto.  No waiver of any other provisions hereof (whether or not similar) shall be binding unless executed in writing by both the parties hereto nor shall such waiver constitute a continuing waiver.

          3.          Governing Law.  This Agreement has been made in and shall be interpreted according to the laws of the State of Texas without any reference to the conflicts of laws rules thereof.  The parties hereto submit to the jurisdiction of the courts of the State of Texas for the purpose of any actions or proceedings which may be required to enforce any of the provisions of this agreement.

          4.           Successors and Assigns.  This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and upon the Consultant and the Consultant's successors and assigns.

          5.          Severability.  If any provision or provisions of this agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:

                    a.          the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall not in any be affected or impaired thereby; and

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                    b.          to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this agreement containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 

          6.          Further Assurances.  From and after the execution and delivery of this Agreement, upon request of either party, the other shall do, execute, acknowledge and deliver all such further acts, assurances and other instruments and papers as may be required to carry out the transactions contemplated by this agreement.

          7.           Headings.  The headings of the paragraphs of this agreement are inserted for convenience only and shall not be deemed to constitute part of this agreement or to affect the construction hereof.

          8.          Notices.  Any notice to be given hereunder shall be given in writing.  All notices under this Agreement shall be either hand delivered receipt acknowledged, or sent by registered or certified mail, return receipt requested as follows:

	 	
(a) If to the Company, to:
	
Uranium Energy Corp.

320-1111 West Hastings Street

Vancouver, B.C. V6E 2J3

Attn: Mr. Amir Adnani

Facsimile No.: (604) 682-3591

	 	
(b) If to the Consultant, to:
	
EurXchange Consulting Ltd.

1240-666 Burrard Street

Vancouver, BC, V6C 2X8

Facsimile No.: (604) 633-0298

Attn: Mr. Kay Jessel

          All such notices shall be deemed given when delivered, if personally delivered as aforesaid, or within five business days after mailing, as aforesaid.

          9.          Execution.  This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature page were an original thereof.

 

 

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

URANIUM ENERGY CORP.:

By: /s/ Amir Adnani                              

          Amir Adnani, President

EURXCHANGE CONSULTING, LTD.

By: /s/ Kay Jessel                                 

          Kay Jessel, Director

 

 

 

5EX4-17

Exhibit 4.17

INVOICE

	
DATE:
	
April 4, 2007

	
TO:
	
Pat Obara

Chief Financial Officer

Uranium Energy Corporation

Suite 320 - 1111 W. Hastings Street

Vancouver, British Columbia

Canada, V6E 2J3

	
FROM:
	
Paul E. Pierce

Uranium Energy Corporation

6100 Indian School NE  Suite 225

Albuquerque, NM  87110

 

DESCRIPTION

One (1) lot of analyses/studies, reports, exploratory borehole locations and mineralization (elevations, thicknesses, grade), design, and maps for the property known as the L-Bar or South L-Bar Ranch as detailed in the attachment.

 

Price:    $75,000.00

ATTACHMENT

L-BAR DATA SET

SOHIO Western Mining Company Staff Studies

	J.W. Burgess, G.T. Fitzgerald, & L.R. Hatcher, Mining Economic Analysis of Area V, L-Bar Uranium Property, 21Aug79.

	Conrad Parrish & N.M. Naiknimbalker, JJ No. 1 Mine Detailed Projection, July 1980 through June 1981, June 1980.

	Unspecified Author, Long Range Mine Plan, South L-Bar Operation, May80.

	J.H. Olsen Jr, N.M. Naiknimbalkar, & E.E. Maurer, SOHIO Western Mining Company, South L-Bar Operation, J.J. No. 1 Mine, 1200 Ore Ton/Day Mine Plan & 7-on 7-off Mill Plan.

	Unspecified Author, SOHIO Western Mining Company L-Bar Mine & Mill, Proposed 1981 - 1983 Operating Budget/Forecast, Cases A&B, 15Dec80.

	J. Olsen, In-Place & Mineable Reserves--June 30, 1981, Hand-written spreadsheets, 5 sheets.

	J.H. Olsen Jr & N.M. Naiknimbalkar, SOHIO Western Mining Company, South L-Bar Property, Life-of-Mine Plan, 1Jan81.

	G.W. Cady & R.G. Boyd, South L-Bar Property, Area II & V, Detailed Ore Reserves, Cutoff 6' of .120% U3O8 for Surface and Longhole Reserves, Cutoff 6' of .100% U3O8 for Pillar Reserves, Through March 31, 1981, Apr81.

	J.J. Oliver, SOHIO Western Mining Company, L-Bar Mine & Mill, 1981 Mid-Year Update, 26May81.

	Gretchen W. Cady, In-Place Ore Reserve Calculations Through June 30, 1981, undated.

	 P.E. Pierce, Drawings: Mine Pattern Projections for Area II and Area V, Blocks 1, 8, and 10, 26Aug81.

	P.E. Pierce, J.J. No.1 Mine Production Plan, Six Months Following Startup, 31Aug81.

	Ronald G. Boyd, Dr. Lynn C. Jacobsen, Erwin K. Kopp, & J.H. Olsen Jr, South L-Bar Operations, Variable Ore Reserve Study & 1984 Revised Mine Plan.

	J.H. Osen Jr & E.K. Kopp, South L-Bar Life-of-Mine Plan, Oct82.

	Unspecified Author (likely J.H. Olsen Jr), South L-Bar Operations, Revised Reclamation Plans, Requirements and Estimated Costs, Mar84.

	P.E. Pierce, Mill Tailings Pond, Drawing, 11"x17" size, undated.

	Computer Printouts, Mine & Mill Production Reports, 1978 - 1981, 11"x14" sheets.

	File:  South L-Bar In-Situ Leach, [Maps, misc. notes, correspondence].

	 Five Assorted Mill Processing Files: Titled--Circuits, CCD and Flocculant, Sulfate Stripping, Soda Ash Stripping & Hydrogen Peroxide Precipitation, and Hydrogen Peroxide Precipation, [Consultant studies, periodicals, staff notes.]

	Twelve 24"x36" blueprint drawings of slot/sandfill mining and miscellaneous underground structures.

Borehole & Ore Reserve Information

	Geo-Management, Inc., SOHIO Petroleum & Reserve Oil and Minerals, Evans Ranch--Drilling Summary, Aug 1969 - Oct 1971.

	Geo-Management, Inc., L-Bar Ranch Drill Hole Coordinates & Surface Elevations.

	Borehole logs copied to blueprint.  Five sheets; 65 boreholes represented.  [Borehole information for Area III].

	Blueprint of South L-Bar Shaft Site Core Hole (Gamma Log & Stratigraphy), 24"x36" size.

	Blueprint of Drill Hole Locations, Grades, Thicknesses, & Elevations, 24"x36" size.

	Blueprint of Surface Topography for South L-Bar with Mineralized Areas, 24"x36" size.

Consultant Studies

	David S. Robertson & Associates, Mining Operation Feasibility Study on South L-Bar Tract for SOHIO Natural Resources Company and Reserve Oil and Minerals Corporation, 11Dec78.

	Rust Tractor (Albuquerque Caterpillar Distributor), SOHIO Corporation, L-Bar Uranium Mine Area I--Job Analysis, [Open pit mining & haulage study by vendor], Nov76.

	Woodward-Clyde Consultants, Draft Environmental Report, L-Bar Uranium Project, Valencia County, New Mexico, Jun80.

	EXXON Minerals Company, Radioactive Material License Application & Environmental Report, 1May80.

	George E. Hoffman (Hydrologist), Hydro-Engineering, Ground-Water Monitoring Near The L-Bar Tailings Reservoir, First Semi-Annual 1986 Analysis, Aug86.

 

Mine & Mill Project Construction Information by Fluor Utah Inc.

	Project Specification No. 2A-Z-01 for Design Basis--Mine, 11Jan74.

	Project Specification No. 3A-Z-01 for Design Basis--Mill Process, 28Feb74.

	Structural Steel & Concrete Design (Mill, Leach, C.C.D. & S-X Areas), Book I.

	Structural Steel & Concrete Design (Mine Area), Book II.

	Structural Steel & Concrete Design (Precipitation Area, Mill Office--Lab Bldg., Warehouse--Shop Bldg., Bldg. Coordinates), Book III.

	Structural Steel & Concrete Design (Ore Receiving Facility), Book IV.

	Structural Steel & Concrete Design (Civil Calculations), Book V.

	L-Bar Uranium Mine Reduced Drawing Set (11"x17" size) [Total surface & underground mine plant design].

	L-Bar Uranium Mill Area Reduced Drawings (Complete set)

Adjacent Off-Site Studies

	Harold H. Zehner, Hydrology and Water-Quality Monitoring Considerations, Jackpile Uranium Mine, Northwestern New Mexico, U.S.G.S. Water Resources Investigation Report 85-4226, 1985.

	U.S. Department of the Interior, Bureau of Land Management, Bureau of Indian Affairs, Final Environmental Impact Statement for the Jackpile-Paguate Uranium Mine Reclamation Project, Laguna Indian Reservation,Cibola Count, New Mexico, Volumes I & II, 24Oct86.

	USGS Quadrangle Maps:  Moquino, Seboyeta, Laguna, Mesita.

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