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<SEC-DOCUMENT>0001104659-10-055012.txt : 20101101
<SEC-HEADER>0001104659-10-055012.hdr.sgml : 20101101
<ACCEPTANCE-DATETIME>20101101172401
ACCESSION NUMBER:		0001104659-10-055012
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20101029
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101101
DATE AS OF CHANGE:		20101101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			URANIUM RESOURCES INC /DE/
		CENTRAL INDEX KEY:			0000839470
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				752212772
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33404
		FILM NUMBER:		101155719

	BUSINESS ADDRESS:	
		STREET 1:		12750 MERIT DRIVE
		STREET 2:		SUITE 720
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
		BUSINESS PHONE:		9723877777

	MAIL ADDRESS:	
		STREET 1:		12750 MERIT DRIVE
		STREET 2:		SUITE 720
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75251
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a10-20083_38k.htm
<DESCRIPTION>8-K
<TEXT>

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<div style="font-family:Times New Roman;">

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED
STATES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C.&#160; 20549</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
REPORT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant
to Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of earliest event reported): <b>October 29,
2010</b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">URANIUM
RESOURCES,&nbsp;INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">0-17171</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">75-2212772</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other jurisdiction of</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">incorporation)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification No.)</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
  <p align="center" style="margin:0in 0in .0001pt 10.0pt;text-align:center;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">405 State
  Highway 121 Bypass Building A, Suite</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Suite&nbsp;110, Lewisville, TX</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">75067</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="66%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(972) 219-3330</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone number, including area code)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">N/A</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;(Former name or former address,
if changed since last report)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box
below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Written communications
pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Soliciting material pursuant
to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement
communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
CFR 240.14d-2(b))</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement
communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17
CFR 240.13e-4(c))</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kyang\10-20083-3\task4335850\20083-3-ba.htm',USER='Kyangb',CD='Nov  1 16:07 2010' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ITEM </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">1.01&nbsp;&nbsp;ENTRY INTO A
MATERIAL DEFINITIVE AGREEMENT.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:40.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
October 29, 2010, Uranium Resources, Inc. (&#147;us,&#148; &#147;we,&#148; &#147;our,&#148; &#147;URI&#148; or the
&#147;Company&#148;) entered into an Underwriting Agreement (the &#147;Underwriting
Agreement&#148;) with Roth Capital Partners LLC (&#147;Roth&#148;) with respect to the
offering and sale of 7,150,000 shares of the Company&#146;s common stock, par value
$0.001 per share (the &#147;Common Stock&#148;), by the Company.&#160; In addition, the Company granted to Roth an
option to purchase up to 1,072,500 additional shares of common stock to cover
over-allotments, if any. </font></p>

<p style="margin:0in 0in .0001pt;text-indent:40.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:40.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Underwriting Agreement contains customary representations, warranties and
covenants that are valid as between the parties and as of the date of entering
such agreement and are not factual information to investors about the Company.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:40.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:40.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
offering of common shares was registered under the Securities Act of 1933, as
amended, pursuant to the Registrant&#146;s registration statement on Form S-3 (File
No. 333-166647). The above description of the Underwriting Agreement is
qualified in its entirety by reference to the full text of the Underwriting
Agreement. Copies of the Underwriting Agreement are incorporated herein by reference
and are attached to this Report on Form 8-K as Exhibit 1.1.</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ITEM
2.02&nbsp;&nbsp;RESULTS OF OPERATIONS AND FINANCIAL CONDITION.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
November&nbsp;1, 2010, Uranium Resources,&nbsp;Inc. filed a prospectus
supplement with the Securities and Exchange Commission (the &#147;Prospectus
Supplement&#148;) with respect to a proposed underwritten public offering of its
common stock </font><font size="2" style="font-size:10.0pt;">pursuant
to the Underwriting Agreement described above in Item 1.01 and as further</font><font size="2" style="font-size:10.0pt;"> described </font><font size="2" style="font-size:10.0pt;">below in</font><font size="2" style="font-size:10.0pt;"> Item 8.01 under the heading
&#147;Pricing of Public Offering.&#148; In the Prospectus Supplement, the Company
disclosed the following information with respect to the Company&#146;s financial
results for the three and nine months ended September&nbsp;30, 2010:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">While
we have not finalized our full financial results for the three- and nine-months
ended September&nbsp;30, 2010, we expect to report that our cash balance was
$10.5 million and that we incurred a loss of $3.6 to $3.7 million for the most
recent quarter.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
loss for the third quarter increased from the loss reported in the second
quarter of 2010 of $1.7 million primarily due to the following items:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Settlement of
the litigation titled <i>Saenz v. URI&nbsp;Inc. </i>which was filed by the owners of the
mineral estate of property in Kleberg County, Texas.&#160; The Company recorded a $1.375 million
provision in the third quarter in connection with this settlement.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An increase in
the impairment in the carrying value of the Company&#146;s uranium properties of
$173,000 resulting from a change in the cash flow assumptions related to the
Company&#146;s uranium projects.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An increase in
the general and administrative costs of $219,000, resulting from increased stock
compensation expense ($20,000), increased personnel costs ($63,000), higher
insurance and bank fees ($66,000) and increased consulting services ($72,000)
incurred during the recent quarter.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A decrease in
interest and other income of $200,000 which resulted from the sale of certain
non-essential drilling data made in the second quarter of 2010 that did not
recur in the third quarter.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
addition to the foregoing, the Company has received notice from its surety company
demanding that the Company either increase the collateral supporting the bonds
to 100% of the bond amount or cause the release of the bonds by the fourth
quarter of 2011.&#160; The demand calls for
such collateral funding or release to equal approximately $500,000 each
calendar quarter beginning in the fourth quarter of 2010 and continuing through
the fourth quarter of 2011.&#160; The amount
of bonding issued exceeded the amount of existing collateral by $2.5 million at
September&nbsp;30, 2010.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ITEM 8.01&nbsp;&nbsp;OTHER EVENTS.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Pricing of Public Offering</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
October 29, 2010, the Company issued a press release announcing the pricing of
its underwritten public offering of 7,150,000 shares of common stock at a price
of $1.16 per share, for net proceeds of approximately $7.9 million.&#160; The offering is expected to close on November
3, 2010, subject to customary closing conditions.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Updated Company Disclosure</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company is filing information for the purpose of supplementing and updating its
description of certain risks and uncertainties that may have a material adverse
effect on its business, financial condition or results of operations from the
description included under the heading, &#147;Risk Factors&#148; in the Prospectus Supplement.&#160; The updated description is filed herewith as
Exhibit&nbsp;99.2 and is incorporated herein by reference.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ITEM 9.01&nbsp;&nbsp;FINANCIAL STATEMENTS AND EXHIBITS.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(d)&nbsp;Exhibits.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;No.</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="89%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:89.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:89.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Underwriting
  Agreement, dated October 29, 2010, by and between Uranium Resources, Inc. and
  Roth Capital Partners, LLC</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press
  Release, dated October 29, 2010</font></p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Updated
  Company Disclosure</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_013924_5335"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Uranium
  Resources,&nbsp;Inc.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Thomas H. Ehrlich</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:46.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas
  H. Ehrlich</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice
  President and Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:&#160; November&nbsp;1, 2010</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_014017_5796"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
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<body lang="EN-US">

<div>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.1</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">URANIUM RESOURCES,&nbsp;INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7,150,000 SHARES OF COMMON STOCK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDED AND RESTATED UNDERWRITING AGREEMENT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;29, 2010</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roth
Capital Partners, LLC</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24
Corporate Plaza Drive</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Newport
Beach, CA 92660</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies
and Gentlemen:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uranium Resources,&nbsp;Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;),
proposes to issue and sell to Roth Capital Partners, LLC (the &#147;<u>Underwriter</u>&#148;)
pursuant to this Underwriting Agreement (this &#147;<u>Agreement</u>&#148;) 7,150,000
shares (the &#147;<u>Firm Securities</u>&#148;) of common stock, $0.001 par value (the &#147;<u>Common
Stock</u>&#148;), of the Company.&#160; In
addition, solely for the purpose of covering over-allotments, the Company
proposes to grant to the Underwriter the option to purchase from the Company up
to an additional 1,072,500 shares of Common Stock (the &#147;<u>Additional
Securities</u>&#148;).&#160; The Firm Securities
and the Additional Securities are hereinafter collectively referred to as the &#147;<u>Securities</u>.&#148;&#160; The Securities are described in the
Prospectus which is referred to below.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has prepared and filed, in accordance with the provisions of
the Securities Act of 1933, as amended, and the rules&nbsp;and regulations
thereunder (collectively, the &#147;<u>Act</u>&#148;), with the Securities and Exchange
Commission (the &#147;<u>Commission</u>&#148;) a registration statement on Form&nbsp;S-3
(File No.&nbsp;333-166647) under the Act (the &#147;<u>registration statement</u>&#148;),
including a prospectus, which registration statement incorporates by reference
documents which the Company has filed, or will file, in accordance with the
provisions of the Securities Exchange Act of 1934, as amended, and the rules&nbsp;and
regulations thereunder (collectively, the &#147;<u>Exchange Act</u>&#148;).&#160; Such registration statement has become
effective under the Act.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except where the context otherwise requires, &#147;<u>Registration Statement</u>,&#148;
as used herein, means the registration statement, as amended at the time of
such registration statement&#146;s effectiveness (the &#147;<u>Effective Time</u>&#148;),
including (i)&nbsp;all documents filed as a part thereof or incorporated or
deemed to be incorporated by reference therein and (ii)&nbsp;any information
contained or incorporated by reference in a prospectus filed with the
Commission pursuant to Rule&nbsp;424(b)&nbsp;under the Act, to the extent such
information is deemed, pursuant to Rule&nbsp;430B or Rule&nbsp;430C under the
Act, to be part of the registration statement at the Effective Time.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except where the context otherwise requires, &#147;<u>Basic Prospectus</u>,&#148; as
used herein, means the base prospectus included as part of the Registration
Statement, in the form in which it has most recently been filed with the
Commission prior to the date of this Agreement.&#160;
Except where the context otherwise requires, &#147;<u>Prospectus Supplement</u>,&#148;
as used herein, means the preliminary prospectus supplement (the &#147;<u>Preliminary
Prospectus Supplement</u>&#148;) and the final prospectus supplement relating to the
Securities, each filed by the Company with the Commission pursuant to
Rule&nbsp;424(b)&nbsp;under the Act on or before the second business day after
the date hereof (or such earlier time as may be required under the Act), in the
form furnished by the Company to the Underwriter for use by the Underwriter and
by dealers in connection with the offering of the Securities.&#160; Except where the context otherwise requires, &#147;<u>Prospectus</u>,&#148;
as used herein, means the Basic Prospectus as supplemented by the Prospectus
Supplement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Permitted Free Writing Prospectuses</u>,&#148; as used herein, means the
documents listed on <u>Schedule I</u> attached hereto.&#160; The Underwriter has not offered or sold and
will not offer or sell, without the Company&#146;s consent, any Securities by means
of any &#147;free writing prospectus&#148; (as defined in Rule&nbsp;405 under the Act)
that is required to be filed by the Underwriter with the Commission pursuant to
Rule&nbsp;433 under the Act, other than a Permitted Free Writing Prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Disclosure Package</u>,&#148; as used herein, means the Basic Prospectus,
together with the Preliminary Prospectus Supplement and the Permitted Free
Writing Prospectuses, if any, and the information set forth on <u>Schedule II</u>
attached hereto, taken as a whole.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Time of Sale</u>,&#148; as used herein, means 8:45&nbsp;a.m. (Eastern time)
on the date of this Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any reference herein to the Registration Statement, the Basic Prospectus,
the Prospectus Supplement, the Prospectus or any Permitted Free Writing
Prospectus shall be deemed to refer to and include the documents, if any,
incorporated by reference, or deemed to be incorporated by reference, therein
(each an &#147;<u>Incorporated Document</u>&#148; and collectively, the &#147;<u>Incorporated
Documents</u>&#148;), including, unless the context otherwise requires, the
documents, if any, filed as exhibits to such Incorporated Documents.&#160; Any reference herein to the terms &#147;amend,&#148; &#147;amendment&#148;
or &#147;supplement&#148; with respect to the Registration Statement, the Basic
Prospectus, the Prospectus Supplement, the Prospectus or any Permitted Free
Writing Prospectus shall be deemed to refer to and include the filing of any
document under the Exchange Act on or after the initial effective date of the
Registration Statement, or the date of the Basic Prospectus, the Prospectus
Supplement, the Prospectus or such Permitted Free Writing Prospectus, as the
case may be, and deemed to be incorporated therein by reference.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As used in this Agreement, &#147;business day&#148; shall mean a day on which the
NASDAQ Capital Market is open for trading.&#160;
The terms &#147;herein,&#148; &#147;hereof,&#148; &#147;hereto,&#148; &#147;hereinafter&#148; and similar terms,
as used in this Agreement, shall in each case refer to this Agreement as a
whole and not to any particular section, paragraph, sentence or other
subdivision of this Agreement.&#160; The term &#147;or,&#148;
as used herein, is not exclusive.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company and the Underwriter agree as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Sale and
Purchase</font></u><font size="2" style="font-size:10.0pt;">.&#160; On the
basis of the representations, warranties and agreements herein contained, but
subject to the terms and conditions herein set forth, the Company agrees to
issue and sell the Firm Securities to the Underwriter, and the Underwriter
agrees to purchase from the Company the Firm Securities.&#160; The pricing terms of the purchase of the Firm
Securities by the Underwriter and the pricing terms of the offering of the Firm
Securities to the public are as set forth in <u>Schedule II</u> hereto.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the Company hereby grants to the
Underwriter the option to purchase, and upon the basis of the warranties and
representations and subject to the terms and conditions herein set forth, the
Underwriter shall have the right to purchase from the Company, all or a portion
of the Additional Securities as may be necessary solely to cover
over-allotments, if any, made in connection with the offering of the Firm
Securities, at the same purchase price per share to be paid by the Underwriter
to the Company for the Firm Securities.&#160;
This option may be exercised by the Underwriter at any time and from
time to time on or before the thirtieth (30</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font><font size="2" style="font-size:10.0pt;">) day following the date hereof, by written notice
to the Company.&#160; Such notice shall set
forth the aggregate number of Additional Securities as to which the option is
being exercised, and the date and time when the Additional Securities are to be
delivered (such date and time being herein referred to as the &#147;<u>Additional
Time of Purchase</u>&#148;); provided, however, that the Additional Time of Purchase
shall not be earlier than the Time of Purchase (as defined below) nor earlier
than the second business day after the date on which the option shall have been
exercised nor later than the tenth business day after the date on which the
option shall have been exercised.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Payment and
Delivery</font></u><font size="2" style="font-size:10.0pt;">.&#160; Payment of
the purchase price for the Firm Securities shall be made to the Company by
Federal Funds wire transfer against delivery of the certificates for the Firm
Securities to the Underwriter through the facilities of The Depository Trust
Company (&#147;<u>DTC</u>&#148;) for the account of the Underwriter.&#160; Such payment and delivery shall be made at
10:00&nbsp;A.M., New York time, on November&nbsp;3, 2010 (the &#147;<u>Closing Date</u>&#148;)
(unless another time shall be agreed to by the Underwriter and the
Company).&#160; The time at which such payment
and delivery are to be made is hereinafter sometimes called the &#147;<u>Time of
Purchase</u>.&#148;&#160; Electronic transfer of
the Firm Securities shall be made to the Underwriter at the Time of Purchase in
such names and in such denominations as the Underwriter shall specify.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment of the purchase price for the Additional Securities shall be made
at the Additional Time of Purchase in the same manner and at the same office as
the payment for the Firm Securities.&#160;
Electronic transfer of the Additional Securities shall be made to the
Underwriter at the Additional Time of Purchase in such names and in such denominations
as the Underwriter shall specify.&#160; The
Time of Purchase and the Additional Time of Purchase are sometimes referred to
herein as the &#147;<u>Closing Dates</u>&#148;.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Deliveries of the documents described in <u>Section&nbsp;6</u> hereof with
respect to the purchase of the Securities shall be made at the offices of
Lowenstein Sandler P.C., counsel for the Underwriter, located at 65 Livingston
Avenue, Roseland, New Jersey, at 10:00&nbsp;A.M., New York time, on the Closing
Dates.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Representations
and Warranties of the Company</font></u><font size="2" style="font-size:10.0pt;">.&#160; The Company represents and warrants to and
agrees with the Underwriter that:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Registration
Statement.&#160; </font></i><font size="2" style="font-size:10.0pt;">(i)&nbsp; The Registration Statement has
heretofore become effective under the Act; </font><font size="2" style="font-size:10.0pt;">no stop order of the
Commission preventing or suspending the use of the Basic Prospectus, the
Prospectus Supplement, the Prospectus or any Permitted Free Writing Prospectus,
or the effectiveness of the Registration Statement, has been issued, and no
proceedings for such purpose have been instituted or, to the Company&#146;s
knowledge, are contemplated by the Commission;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp; The Registration Statement complied when
it was filed, complied as of the Effective Time and, as amended or
supplemented, at the Time of Purchase and at the Additional Time of Purchase,
as the case may be, and at all times during which a prospectus is required by
the Act to be delivered (whether physically or through compliance with
Rule&nbsp;172 under the Act or any similar rule) in connection with any sale of
Securities, will comply, in all material respects, with the requirements of the
Act;</font><font size="2" style="font-size:10.0pt;"> the conditions
to the use of Form&nbsp;S-3 in connection with the offering and sale of the </font><font size="2" style="font-size:10.0pt;">Securities</font><font size="2" style="font-size:10.0pt;"> as contemplated hereby have been satisfied;
the Registration Statement meets, and the offering and sale of the </font><font size="2" style="font-size:10.0pt;">Securities</font><font size="2" style="font-size:10.0pt;"> as contemplated hereby complies with, the
requirements of Rule&nbsp;415 under the Act (including, without limitation,
Rule&nbsp;415(a)(5)&nbsp;under the Act); the Registration Statement did not, as
of the Effective Time, and will not, as of the Time of Purchase and the
Additional Time of Purchase, as the case may be, contain an untrue statement of
a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading; the </font><font size="2" style="font-size:10.0pt;">Basic
Prospectus complied as of its date and the date it was filed with the Commission,
complies as of the date hereof and, at the Time of Purchase and at the
Additional Time of Purchase, as the case may be, and at all times during which
a prospectus is required by the Act to be delivered (whether physically or
through compliance with Rule&nbsp;172 under the Act or any similar rule) in
connection with any sale of Securities, will comply, in all material respects,
with the requirements of the Act; </font><font size="2" style="font-size:10.0pt;">the Disclosure Package did not, as of the Time of
Sale, and will not, as of the Time of Purchase and the Additional Time of
Purchase, as the case may be, contain an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading; </font><font size="2" style="font-size:10.0pt;">each of the Prospectus Supplement </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and
the Prospectus will comply, as of the date that it is filed with the
Commission, the date of the Prospectus Supplement, the Time of Purchase and the
Additional Time of Purchase, as the case may be, and at all times during which
a prospectus is required by the Act to be delivered (whether physically or
through compliance with Rule&nbsp;172 under the Act or any similar rule) in
connection with any sale of Securities, in all material respects, with the
requirements of the Act (in the case of the Prospectus, including, without
limitation, Section&nbsp;10(a)&nbsp;of the Act); at no time during the period
that begins on the earlier of the date of the Prospectus Supplement and the
date the Prospectus and ends at the later of the Time of Purchase, the
Additional Time of Purchase and the end of the period during which a prospectus
is required by the Act to be delivered (whether physically or through
compliance with Rule&nbsp;172 under the Act or any similar rule) in connection
with any sale of Securities did or will any Prospectus Supplement or the
Prospectus, as then amended or supplemented, include an untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading; each Permitted Free Writing Prospectus does not conflict with
the information contained in the Registration Statement, the Disclosure Package
or the Prospectus, and at no time during the period that begins on the date of
such Permitted Free Writing Prospectus and ends at the Time of Purchase and at
the Additional Time of Purchase, as the case may be, did or will any Permitted
Free Writing Prospectus include an untrue statement of a material fact or omit
to state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading; <u>provided</u>,
<u>however</u>, that the Company makes no representation or warranty in this <u>Section&nbsp;3(a)</u>&nbsp;with
respect to any statement contained in the Registration Statement, the
Prospectus or any Permitted Free Writing Prospectus in reliance upon and in
conformity with information concerning the Underwriter and furnished in writing
by such Underwriter to the Company expressly for use in the Registration
Statement, the Prospectus or such Permitted Free Writing Prospectus, it being
understood and agreed that the only such information furnished by the
Underwriter consists of the information described as such in <u>Section&nbsp;8(g)</u>;</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">each
Incorporated Document, at the time such document was filed with the Commission,
complied, in all material respects, with the requirements of the Exchange Act
and did not include an untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Distributed
Materials; Not an Ineligible Issuer.&#160; </font></i><font size="2" style="font-size:10.0pt;">Prior to the
execution of this Agreement, the Company has not, directly or indirectly,
offered or sold any Securities by means of any &#147;prospectus&#148; (within the meaning
of the Act) or used any &#147;prospectus&#148; (within the meaning of the Act) in
connection with the offer or sale of the Securities, in each case other than
the Basic Prospectus and the Permitted Free Writing Prospectuses, if any; the
Company has not, directly or indirectly, prepared, used or referred to any
Permitted Free Writing Prospectus except in compliance with Rule&nbsp;163 or
with Rules&nbsp;164 and 433 under the Act; assuming that such Permitted Free
Writing Prospectus is so sent or given after the Registration Statement was
filed with the Commission (and after such Permitted Free Writing Prospectus
was, if required pursuant to Rule&nbsp;433(d)&nbsp;under the Act, filed with
the Commission), the sending or giving, by the Underwriter, of any Permitted
Free Writing Prospectus will satisfy the provisions of Rule&nbsp;164 and
Rule&nbsp;433 (without reliance on subsections (b), (c)&nbsp;and (d)&nbsp;of
Rule&nbsp;164); the conditions set forth in one or more of subclauses
(i)&nbsp;through (iv), inclusive, of Rule&nbsp;433(b)(1)&nbsp;under the Act are
satisfied, and the registration statement relating to the offering of the
Securities contemplated hereby, as initially filed with the Commission,
includes a prospectus that, other than by reason of Rule&nbsp;433 or
Rule&nbsp;431 under the Act, satisfies the requirements of Section&nbsp;10 of
the Act; neither the Company nor the Underwriter are disqualified, by reason of
subsection (f)&nbsp;or (g)&nbsp;of Rule&nbsp;164 under the Act, from using, in
connection with the offer and sale of the Securities, &#147;free writing
prospectuses&#148; (as defined in </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rule&nbsp;405 under the Act)
pursuant to Rules&nbsp;164 and 433 under the Act; the Company is not an &#147;ineligible
issuer&#148; (as defined in Rule&nbsp;405 under the Act) as of the eligibility
determination date for purposes of Rules&nbsp;164 and 433 under the Act with
respect to the offering of the Securities contemplated by the Registration
Statement; the Company is subject to the reporting requirements of Section&nbsp;13
or 15(d)&nbsp;of the Exchange Act and is currently eligible to use Form&nbsp;S-3
pursuant to General Instruction I.B.1. of Form&nbsp;S-3.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Capitalization.&#160; </font></i><font size="2" style="font-size:10.0pt;">As of the dates indicated in
the Registration Statement, the Disclosure Package and the Prospectus, the
authorized, issued and outstanding shares of capital stock of the Company were
as set forth in the Registration Statement, the Disclosure Package and the
Prospectus.&#160; All of the issued and
outstanding shares of capital stock of the Company, including the outstanding
Common Stock of the Company, are fully paid and non-assessable and have been
duly and validly authorized and issued, in compliance with all applicable
state, federal and foreign securities laws and not in violation of or subject
to any preemptive or similar right that does or will entitle any Person (as
defined below), upon the issuance or sale of any security, to acquire from the
Company any Relevant Security. As used herein, the term &#147;Relevant Security&#148;
means any shares of Common Stock of the Company or other security of the
Company that is convertible into, or exercisable or exchangeable for shares of
Common Stock of the Company or equity securities, or that holds the right to
acquire any shares of Common Stock of the Company or equity securities of the
Company or any other such Relevant Security, except for such rights as may have
been fully satisfied or waived prior to the effectiveness of the Registration
Statement. As used herein, the term &#147;Person&#148; means any foreign or domestic
individual, corporation, trust, partnership, joint venture, limited liability
company or other entity. Except as set forth in, or contemplated by, the
Registration Statement, the Disclosure Package and the Prospectus, on the
Effective Date and on the Closing Date, there will be no options, warrants, or
other rights to purchase or otherwise acquire any authorized, but unissued
Common Stock or any security convertible into Common Stock, or any contracts or
commitments to issue or sell Common Stock or any such options, warrants, rights
or convertible securities.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Due
Incorporation</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
has been duly domesticated and is validly existing as a corporation in good
standing under the laws of the State of Delaware, with full corporate power and
authority to own, lease and operate its properties and conduct its business as
described in the Registration Statement, the Disclosure Package and the
Prospectus, to execute and deliver this Agreement and to issue, sell and
deliver the Securities as contemplated herein.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Foreign
Qualifications</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
is duly qualified to do business as a foreign corporation and is in good
standing in each jurisdiction where the ownership or leasing of its properties
or the conduct of its business requires such qualification, except where the
failure to be so qualified and in good standing would not, individually or in
the aggregate, (i)&nbsp;have a material adverse effect on the business,
properties, financial condition, results of operations or prospects of the
Company and the Subsidiaries (as defined below) taken as a whole,
(ii)&nbsp;prevent or materially interfere with consummation of the transactions
contemplated hereby or (iii)&nbsp;result in the delisting of shares of Common
Stock from the NASDAQ Capital Market (the occurrence of any such effect or any
such prevention or interference or any such result described in the foregoing
clauses (i), (ii)&nbsp;and (iii)&nbsp;being herein referred to as a &#147;<u>Material
Adverse Effect</u>&#148;).</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Subsidiaries.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company has no
subsidiaries (as defined under the Act) other than those listed on Exhibit&nbsp;21
to the Company&#146;s Annual Report on Form&nbsp;10-K for the </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">year ended December&nbsp;31,
2009 (collectively, the &#147;<u>Subsidiaries</u>&#148;); except as disclosed in the
Registration Statement, the Disclosure Package and the Prospectus, (i)&nbsp;the
Company owns, directly or indirectly, all of the issued and outstanding capital
stock of each of the Subsidiaries and (ii)&nbsp;the Company does not own,
directly or indirectly, any shares of stock or any other equity interests or
long-term debt securities of any corporation, firm, partnership, joint venture,
association or other entity; complete and correct copies of the charters and
the bylaws of the Company and all of the &#147;significant subsidiaries&#148; as set
forth below and all amendments thereto have been delivered to the Underwriter,
and no changes therein will be made on or after the date hereof through and
including the Time of Purchase and the Additional Time of Purchase, as the case
may be; each Subsidiary has been incorporated or organized and is validly
existing as a corporation or limited liability company, as the case may be, in
good standing under the laws of the jurisdiction of its incorporation, with
full corporate power and authority to own, lease and operate its properties and
to conduct its business as described in the Registration Statement, the
Disclosure Package and the Prospectus; each Subsidiary is qualified to do
business as a foreign corporation or a limited liability company, as the case
may be, and is in good standing in each jurisdiction where the ownership or
leasing of its properties or the conduct of its business requires such
qualification, except where the failure to be so qualified and in good standing
would not, individually or in the aggregate, have a Material Adverse Effect;
except as disclosed in the Registration Statement, the Disclosure Package and
the Prospectus, all of the outstanding shares of capital stock of each of the
Subsidiaries have been duly authorized and validly issued, are fully paid and
non-assessable, have been issued in compliance with all applicable securities
laws, were not issued in violation of any preemptive right, resale right, right
of first refusal or similar right and are owned by the Company subject to no
security interest, other encumbrance or adverse claims; except as disclosed in
the Registration Statement, the Disclosure Package and the Prospectus, no
options, warrants or other rights to purchase, agreements or other obligations
to issue or other rights to convert any obligation into shares of capital stock
or ownership interests in the Subsidiaries are outstanding; the Company has no &#147;significant
subsidiary,&#148; as that term is defined in Rule&nbsp;1-02(w)&nbsp;of Regulation
S-X under the Act, other than URI,&nbsp;Inc. and Hydro-Resources,&nbsp;Inc.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Authorization,&nbsp;Issuance</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company has the corporate power and
authority to enter into this Agreement and to authorize, issue and sell the
Securities as contemplated by this Agreement.&#160;
All corporate action required to be taken by the Company for the authorization,
issuance and sale of the Securities has been duly and validly taken.&#160; The Securities have been duly and validly
authorized and, when issued and delivered against payment therefor as provided
herein, will be duly and validly issued, fully paid and non-assessable and free
of statutory and contractual preemptive rights, resale rights, rights of first
refusal and similar rights and will be free of any restriction upon the voting
or transfer thereof pursuant to the Delaware General Corporation Law or the
Company&#146;s charter or bylaws or any agreement or other instrument to which the
Company is a party.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Description
of Capital Stock.</font></i><font size="2" style="font-size:10.0pt;">&#160; The capital
stock of the Company, including the Securities, conforms in all material
respects to each description thereof, if any, contained or incorporated by
reference in the Registration Statement, the Disclosure Package and the
Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Due
Authorization.&#160; </font></i><font size="2" style="font-size:10.0pt;">This Agreement
has been duly authorized, executed and delivered by the Company and constitutes
a valid, legal and binding obligation of the Company, enforceable against the
Company in accordance with its terms, except as rights to indemnity hereunder
may be limited by federal or state securities laws and except (i)&nbsp;as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization
or similar </font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">laws affecting the rights of
creditors generally, (ii)&nbsp;as enforceability of any indemnification or
contribution provision may be limited under the federal and state securities
laws, and (iii)&nbsp;that the remedy of specific performance and injunctive and
other forms of equitable relief may be subject to the equitable defenses and to
the discretion of the court before which any proceeding therefor may be
brought.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Violation.</font></i><font size="2" style="font-size:10.0pt;">&#160; Neither the
Company nor any of the Subsidiaries is in breach or violation of or in default
under (nor has any event occurred which would constitute any event which, with
notice, lapse of time or both, would result in any breach or violation of or
constitute a default under or give rise to any right of termination,
cancellation or acceleration under) (A)&nbsp;its charter or bylaws, or
(B)&nbsp;any indenture, mortgage, deed of trust, bank loan or credit agreement
or other evidence of indebtedness, or any license, lease, contract or other
agreement or instrument to which it is a party or by which it or any of its
properties may be bound or affected, or (C)&nbsp;any federal, state, local or
foreign law, regulation or rule, or (D)&nbsp;except as disclosed in the
Registration Statement, any rule&nbsp;or regulation of any self-regulatory
organization or other non-governmental regulatory authority (including, without
limitation, the rules&nbsp;and regulations of the NASDAQ Capital Market), or
(E)&nbsp;any decree, judgment or order applicable to it or any of its
properties; except, in the cases of clause (B), (C)&nbsp;and (D), where such
occurrence would not, individually or in the aggregate, have a Material Adverse
Effect.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Conflict</font></i><font size="2" style="font-size:10.0pt;">.&#160; The
execution, delivery and performance of this Agreement, the issuance and sale of
the Securities and the consummation of the transactions contemplated hereby
will not conflict with, result in any breach or violation of or constitute a
default under (nor constitute any event which, with notice, lapse of time or
both, would result in any breach or violation of or constitute a default under
or give rise to any right of termination, cancellation or acceleration under)
(or result in the creation or imposition of a lien, charge or encumbrance on
any property or assets of the Company or any Subsidiary pursuant to)
(A)&nbsp;the charter or bylaws of the Company or any of the Subsidiaries, or
(B)&nbsp;any indenture, mortgage, deed of trust, bank loan or credit agreement
or other evidence of indebtedness, or any license, lease, contract or other
agreement or instrument to which the Company or any of the Subsidiaries is a
party or by which any of them or any of their respective properties may be
bound or affected, or (C)&nbsp;any federal, state, local or foreign law,
regulation or rule, or (D)&nbsp;any rule&nbsp;or regulation of any
self-regulatory organization or other non-governmental regulatory authority
(including, without limitation, the rules&nbsp;and regulations of the NASDAQ
Capital Market), or (E)&nbsp;any decree, judgment or order applicable to the
Company or any of the Subsidiaries or any of their respective properties;
except, in the cases of clause (B), (C)&nbsp;and (D), where such occurrence
would not, individually or in the aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Consents Required</font></i><font size="2" style="font-size:10.0pt;">.&#160; No
approval, authorization, consent or order of or filing with any federal, state,
local or foreign governmental or regulatory commission, board, body, authority
or agency, or of or with any self-regulatory organization or other
non-governmental regulatory authority, or approval of the shareholders of the
Company, is required in connection with the issuance and sale of the Securities
or the consummation by the Company of the transactions contemplated hereby,
other than (i)&nbsp;registration of the Securities under the Act, which has
been effected, (ii)&nbsp;any necessary qualification under the securities or
blue sky laws of the various jurisdictions in which the Securities are being
offered by the Underwriter, (iii)&nbsp;the listing of the Securities on the
NASDAQ Capital Market or (iv)&nbsp;under the Conduct Rules&nbsp;of the
Financial Industry Regulatory Authority,&nbsp;Inc. (&#147;<u>FINRA</u>&#148;).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Rights.&#160; </font></i><font size="2" style="font-size:10.0pt;">Except as described in the
Registration Statement (excluding the exhibits thereto), the Disclosure Package
and the Prospectus, (i)&nbsp;no person has the right, contractual or otherwise,
to cause the Company to issue or sell to it any shares of Common Stock or
shares of any other capital stock or other equity interests of the Company,
(ii)&nbsp;no person has any preemptive rights, resale rights, rights of first
refusal or other rights to purchase any shares of Common Stock or shares of any
other capital stock of or other equity interests in the Company, (iii)&nbsp;no
person has the right to act as an underwriter or as a financial advisor to the
Company in connection with the offer and sale of the Securities, and (iv)&nbsp;no
person has the right, contractual or otherwise, to cause the Company to
register under the Act any shares of Common Stock or shares of any other
capital stock of, or other equity interests or securities in, the Company, or
to include any such shares or interests or securities in the Registration
Statement or the offering contemplated thereby.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Permits</font></i><font size="2" style="font-size:10.0pt;">.&#160; Except as disclosed in the &#147;Environmental
Considerations and Permitting&#148; and &#147;Legal Proceedings&#148; sections of the Company&#146;s
Annual Report on 10-K for the fiscal year ended December&nbsp;31, 2009 (the &#147;<u>2009
Form&nbsp;10-K</u>&#148;), the Company and each of its Subsidiaries has all
requisite corporate power and authority, and all necessary authorizations,
approvals, consents, orders, licenses, certificates, registrations and permits
of and from, and have made all required declarations and filings with, all
governmental or regulatory bodies or any other person or entity, including,
without limitation, the Nuclear Regulatory Commission (&#147;<u>NRC</u>&#148;), the
Department of Energy (&#147;<u>DOE</u>&#148;) and the Occupational Safety and Health
Administration (&#147;<u>OSHA</u>&#148;), the State of Texas Commission on Environmental
Quality and any other governmental or regulatory body, person or entity having
jurisdiction (including, without limitation, any such body, person or entity
having jurisdiction over any mining or milling related activity) and any tribe
or nation with respect to Indian Country (as such term is defined in the
Glossary of the Company&#146;s 2009 Form&nbsp;10-K), all self-regulatory
organizations and all courts and other tribunals (collectively, the &#147;<u>Permits</u>&#148;),
to own, lease, license, work, develop, explore and use its assets and
properties (including, without limitation, surface and mineral licenses, usage
rights and water rights), as applicable, and conduct its business, all of which
are valid and in full force and effect, except where the lack of such Permits,
individually or in the aggregate, would not have a Material Adverse Effect. The
Company and each of its Subsidiaries has fulfilled and performed in all material
respects all of its obligations with respect to such Permits, including,
without limitation, requirements to obtain sufficient financial assurances, pay
required fees and/or taxes and otherwise maintain the validity of such Permits,
and no event has occurred that allows, or after notice or lapse of time would
allow, revocation or termination thereof or results in any other material
impairment of the rights of the Company thereunder.&#160; Except as may be required under the
Securities Act and state and foreign Blue Sky laws, no other Permits are
required to enter into, deliver and perform this Agreement and to issue and
sell the Securities.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Legal
Proceedings.&#160; </font></i><font size="2" style="font-size:10.0pt;">Except as
described in the &#147;Legal Proceedings&#148; section of the 2009 Form&nbsp;10-K, there
are no actions, suits, claims, investigations or proceedings pending or, to the
Company&#146;s knowledge, threatened or contemplated to which the Company or any of
the Subsidiaries or any of their respective directors or officers is or would
be a party or of which any of their respective properties is or would be
subject at law or in equity, before or by any federal, state, local or foreign
governmental or regulatory commission, board, body, authority or agency, or
before or by any self-regulatory organization or other non-governmental
regulatory authority (including, without limitation, the NASDAQ Capital
Market), except any such action, suit, claim, investigation or proceeding
which, if resolved adversely to the Company or any Subsidiary, would not,
individually or in the aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Independent
Accountants.</font></i><font size="2" style="font-size:10.0pt;"> Hein&nbsp;&amp; Associates, LLP, whose report on
the consolidated financial statements of the Company and the Subsidiaries is
included or incorporated by reference in the Registration Statement and the
Prospectus, is an independent registered public accountant with respect to the
Company as required by the Act and by the rules&nbsp;of the Public Company
Accounting Oversight Board and to the best of our knowledge is registered as
such.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Financial
Statements.&#160; </font></i><font size="2" style="font-size:10.0pt;">The financial
statements included or incorporated by reference in the Registration Statement,
the Disclosure Package and the Prospectus, together with the related notes and
schedules, present fairly the consolidated financial position of the Company
and the Subsidiaries as of the dates indicated and the consolidated results of
operations, cash flows and changes in shareholders&#146; equity of the Company for
the periods specified have been prepared in compliance with the requirements of
the Act and Exchange Act and in conformity with U.S. generally accepted
accounting principles applied on a consistent basis during the periods
involved; the other financial and statistical data contained or incorporated by
reference in the Registration Statement, the Disclosure Package and the
Prospectus, are accurately and fairly presented and prepared on a basis
consistent with the financial statements and books and records of the Company;
there are no financial statements (historical or pro forma) that are required
to be included or incorporated by reference in the Registration Statement, the
Disclosure Package or the Prospectus that are not included or incorporated by
reference as required; the Company and the Subsidiaries do not have any
material liabilities or obligations, direct or contingent (including any
off-balance sheet obligations), not described in the Registration Statement
(excluding the exhibits thereto), the Disclosure Package and the Prospectus;
and all disclosures contained or incorporated by reference in the Registration
Statement, the Disclosure Package and the Prospectus, regarding &#147;non-GAAP
financial measures&#148; (as such term is defined by the rules&nbsp;and regulations
of the Commission) comply with Regulation G of the Exchange Act and
Item&nbsp;10 of Regulation S-K under the Act, to the extent applicable.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(r)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Absence
of Material Changes</font></i><font size="2" style="font-size:10.0pt;">.&#160; S</font><font size="2" style="font-size:10.0pt;">ubsequent to the respective
dates as of which information is given in the Registration Statement, the
Disclosure Package and the Prospectus, in each case excluding any amendments or
supplements to the foregoing made after the execution of this Agreement, there
has not been (i)&nbsp;any event or occurrence that has resulted in a material
adverse change in the business, properties, management, financial condition or results
of operations of the Company and the Subsidiaries taken as a whole,
(ii)&nbsp;any transaction which is material to the Company and the Subsidiaries
taken as a whole, (iii)&nbsp;any obligation or liability, direct or contingent
(including any off-balance sheet obligations), incurred by the Company or any
Subsidiary, which is material to the Company and the Subsidiaries taken as a
whole, (iv)&nbsp;any change in the capital stock of the Company, except for the
issuance of stock pursuant to the exercise of stock options or warrants
outstanding, or pursuant to the stock option plans of the Company in effect, in
each case, as of the dates as of which information is given in the Registration
Statement, the Disclosure Package and the Prospectus, or outstanding
indebtedness of the Company or any Subsidiaries or (v)&nbsp;any dividend or
distribution of any kind declared, paid or made on the capital stock of the
Company or any Subsidiary.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(s)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Lock-Ups</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company has obtained for the benefit of
the Underwriter the agreement, in the form set forth as <u>Exhibit&nbsp;A</u>
hereto, of (i)&nbsp;each of its directors and &#147;officers&#148; (within the meaning of
Rule&nbsp;16a-1(f)&nbsp;under the Exchange Act) listed on <u>Schedule III</u>
hereto and (ii)&nbsp;certain of its stockholders listed on <u>Schedule III</u>
hereto (each a &#147;<u>Lock-Up Agreement</u>&#148; and collectively, the &#147;<u>Lock-Up
Agreements</u>&#148;).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(t)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Not an
Investment Company</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the
Company nor any Subsidiary is, and at no time during which a prospectus is
required by the Act to be delivered (whether physically or through compliance
with Rule&nbsp;172 under the Act or any similar rule) in connection with any
sale of Securities will either of them be, and, after giving effect to the
offering and sale of the Securities and the application of the proceeds
thereof, neither of them will be, an &#147;investment company&#148; or an entity &#147;controlled&#148;
by an &#147;investment company,&#148; as such terms are defined in the Investment Company
Act of 1940, as amended (the &#147;<u>Investment Company Act</u>&#148;).</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(u)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Not a
Holding Company.&#160; </font></i><font size="2" style="font-size:10.0pt;">Neither the
Company nor any Subsidiary is and, after giving effect to the offering and sale
of the Securities, neither will be a &#147;holding company&#148; or a &#147;subsidiary company&#148;
of a &#147;holding company&#148; or an &#147;affiliate&#148; of a &#147;holding company&#148; or of a &#147;subsidiary
company,&#148; as such terms are defined in the Public Utility Holding Company Act
of 1935, as amended.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Good
Title to Property.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company and
each of the Subsidiaries have good and marketable title to all property
(fee-owned real and personal) and record title to unpatented mining claims
described in the Registration Statement, the Disclosure Package and the
Prospectus, as being owned by any of them, free and clear of all liens, claims,
security interests or other encumbrances, except such as are described in the
Registration Statement, the Disclosure Package and the Prospectus, or such as
do not materially affect the value of such property and do not materially
interfere with the use made and proposed to be made of such property by the
Company and its Subsidiaries; all the property described in the Registration
Statement, the Disclosure Package and the Prospectus, as being held under lease
by the Company or a Subsidiary is held thereby under valid, subsisting and
enforceable leases.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(w)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Material
Contracts</font></i><font size="2" style="font-size:10.0pt;">.&#160; Each
material contract, agreement and license listed as an exhibit to, described in
or incorporated by reference in the Registration Statement, the Disclosure
Package and the Prospectus, to which the Company or any of its Subsidiaries is
bound is legal, valid, binding, enforceable and in full force and effect
against the Company or such Subsidiary, and to the knowledge of the Company,
each other party thereto, except to the extent such enforceability is subject
to (i)&nbsp;laws of general application relating to bankruptcy, insolvency,
moratorium and the relief of debtors and (ii)&nbsp;the availability of specific
performance, injunctive relief and other equitable remedies.&#160; Neither the Company nor any of its
Subsidiaries nor to the Company&#146;s knowledge any other party is in material
breach or default with respect to any such contract, agreement and
license.&#160; To the Company&#146;s knowledge, no
event has occurred which with notice or lapse of time would constitute a
material breach or default, or permit termination, modification, or
acceleration, under any such contract, agreement or license.&#160; No party has repudiated any material
provision of any such contract, agreement or license.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Intellectual
Property.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company and
the Subsidiaries own, or have obtained valid and enforceable licenses for, or
other rights to use, the inventions, patent applications, patents, trademarks
(both registered and unregistered), trade names, service names, copyrights,
trade secrets and other proprietary information described in the Registration
Statement, the Disclosure Package and the Prospectus, as being owned or
licensed by them or which are necessary for the conduct of their respective
businesses as currently conducted or as proposed to be conducted, except where
the failure to own, license or have such rights would not, individually or in
the aggregate, have a Material Adverse Effect (collectively, &#147;<u>Intellectual
Property</u>&#148;); there are no third parties who have or, to the Company&#146;s
knowledge, will be able to establish, rights to any Intellectual Property,
except for, and to the extent of, the ownership rights of the owners of the
Intellectual Property which is licensed to the Company and the</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">license rights of any third
parties to which the Intellectual Property is licensed; to the knowledge of the
Company, there is no infringement by third parties of any Intellectual
Property; there is no pending or, to the Company&#146;s knowledge, threatened action,
suit, proceeding or claim by others challenging the Company&#146;s rights in or to
any Intellectual Property, except as would not, individually or in the
aggregate, have a Material Adverse Effect, and the Company is unaware of any
facts which could form a reasonable basis for any such action, suit, proceeding
or claim; there is no pending or, to the Company&#146;s knowledge, threatened
action, suit, proceeding or claim by others challenging the validity,
enforceability or scope of any Intellectual Property, and the Company is
unaware of any facts which could form a reasonable basis for any such action,
suit, proceeding or claim; there is no pending or, to the Company&#146;s knowledge,
threatened action, suit, proceeding or claim by others that the Company or any
Subsidiary infringes or otherwise violates, any patent, trademark, trade name,
service name, copyright, trade secret or other proprietary rights of others,
and the Company is unaware of any facts which could form a reasonable basis for
any such action, suit, proceeding or claim; the Company and the Subsidiaries
have complied in all material respects with the terms of each agreement
pursuant to which Intellectual Property has been licensed to the Company or any
Subsidiary, and all such agreements are in full force and effect; to the
knowledge of the Company, there is no patent or patent application that
contains claims that interfere with the issued or pending claims of any of the
Intellectual Property or that challenges the validity, enforceability or scope
of any of the Intellectual Property; and to the knowledge of the Company, there
is no prior art that may render any patent application within the Intellectual
Property unpatentable that has not been disclosed to the U.S. Patent and
Trademark Office.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(y)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Labor Matters.&#160; </font></i><font size="2" style="font-size:10.0pt;">Neither the Company nor any
of the Subsidiaries is engaged in any unfair labor practice; except for matters
which would not, individually or in the aggregate, have a Material Adverse
Effect, (i)&nbsp;there is (A)&nbsp;no unfair labor practice complaint pending
or, to the Company&#146;s knowledge, threatened against the Company or any of the
Subsidiaries before the National Labor Relations Board, and no grievance or
arbitration proceeding arising out of or under collective bargaining agreements
is pending or, to the Company&#146;s knowledge, threatened, (B)&nbsp;no strike,
labor dispute, slowdown or stoppage&nbsp;pending or, to the Company&#146;s
knowledge, threatened against the Company or any of the Subsidiaries and
(C)&nbsp;no union representation dispute currently existing concerning the
employees of the Company or any of the Subsidiaries, (ii)&nbsp;to the Company&#146;s
knowledge, no union organizing activities are currently taking place concerning
the employees of the Company or any of the Subsidiaries and (iii)&nbsp;there
has been no violation of any federal, state, local or foreign law relating to
discrimination in the hiring, promotion or pay of employees, any applicable
wage or hour laws, any provision of the Worker Adjustment and Retraining
Notification Act of 1988, as amended (&#147;<u>WARN Act</u>&#148;) or the WARN Act&#146;s
state, foreign or local equivalent, or any provision of the Employee Retirement
Income Security Act of 1974 (&#147;<u>ERISA</u>&#148;) or the rules&nbsp;and regulations
promulgated thereunder concerning the employees of the Company or any of the
Subsidiaries; the Company and each Subsidiary is in compliance with all
presently applicable provisions of ERISA, except where such non-compliance
would not result in a Material Adverse Effect; no &#147;reportable event&#148; (as
defined in ERISA) has occurred with respect to any &#147;pension plan&#148; (as defined
in ERISA) to which the Company or any Subsidiary contributes or which the
Company or any Subsidiary maintains; the Company and each Subsidiary has not
incurred and does not expect to incur liability under (i)&nbsp;Title IV of
ERISA with respect to termination of, or withdrawal from, any &#147;pension plan&#148; or
(ii)&nbsp;Sections 412 or 4971 of the Internal Revenue Code of 1986, as
amended, including the regulations and published interpretations thereunder
(the &#147;<u>Code</u>&#148;); and each &#147;pension plan&#148; for which the Company or any
Subsidiary would have any liability that is intended to be qualified under Section&nbsp;401(a)&nbsp;of
the Code is so qualified in all material respects </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and nothing has occurred,
whether by action or by failure to act, which would cause the loss of such
qualification.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(z)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Compliance
with Environmental Laws.&#160; </font></i><font size="2" style="font-size:10.0pt;">(a)&nbsp;Except
as disclosed in the &#147;Environmental Considerations and Permitting&#148; and &#147;Legal
Proceedings&#148; sections of the 2009 Form&nbsp;10-K, (i)&nbsp;each of the Company
and each of its Subsidiaries is and have been in compliance in all material
respects with all rules, laws, ordinances and regulation relating to the use,
handling, treatment, storage, transportation and disposal of toxic or hazardous
substances or materials (including, without limitation, any such substance or
material designated or showing characteristics of hazard or toxicity or
identified as a pollutant or radioactive substance or oil of any kind) or the
protection of health, welfare or the environment or natural resources (including,
without limitation, all mining or health and safety laws) (&#147;<u>Environmental
Laws</u>&#148;) which are applicable to its business; (ii)&nbsp;neither the Company
nor its Subsidiaries has received any notice from any governmental authority or
third party of an asserted claim, action, fine, penalty, action for injunctive
relief or contribution, action for violation or matter concerning compliance or
nuisance or any harm to health or the environment or for damage to natural
resources or to persons or property, under Environmental Laws; (iii)&nbsp;each
of the Company and each of its Subsidiaries has received all permits, licenses
or other approvals required of it under applicable Environmental Laws to
conduct its business and is in compliance with all terms and conditions of any
such permit, license or approval; (iv)&nbsp;to the Company&#146;s knowledge, no
facts currently exist that will require the Company or any of its Subsidiaries
to make future material capital expenditures to comply with Environmental Laws;
(v)&nbsp;no property which is or has been owned, leased, used, operated or
occupied by the Company or its Subsidiaries has been designated as a Superfund
site pursuant to the Comprehensive Environmental Response, Compensation of
Liability Act of 1980, as amended (42 U.S.C. Section&nbsp;9601, et. seq.), or
otherwise designated as a contaminated site under applicable state or local
law; (vi)&nbsp;to the best of its knowledge, none of the Company or any
Subsidiary has acted in any way or caused any other person or entity to act in
any way or by arrangement or contract so as to be potentially responsible or
liable for any material claim, action, fine, penalty, action for injunctive
relief or contribution for any nuisance or harm to health or the environment or
for damage to natural resources or to persons or property; and (vii)&nbsp;none
of the Company or any Subsidiary has transported, treated or disposed of or
arranged for the transportation, treatment or disposal of any hazardous or
toxic substances or materials to any location which (x)&nbsp;is or was listed or
proposed for listing on the National Priorities List pursuant to CERCLA, on the
CERCLIS or on any similar state or local list of sites requiring investigation
or remedial action under any Environmental Law, or (y)&nbsp;is currently or has
been the subject of any remedial action or any litigation, judgment, lien or
enforcement action regarding any actual or alleged release of any hazardous or
toxic substance. Neither the Company nor any of its Subsidiaries has been named
as a &#147;potentially responsible party&#148; under the CERCLA 1980. (b)&nbsp;Except as
disclosed in the &#147;Environmental Considerations and Permitting&#148; section of the
2009 Form&nbsp;10-K (i)&nbsp;there has not been, and there is not now any
material or reportable emission, spill, seepage, damage, release or discharge into
or upon the air, soil or improvements located thereon, surface water or ground
water of any toxic or hazardous substances, pollutants, contaminants, solid
waste or hazardous waste, which has given rise to or could reasonably be
expected to give rise to liability under any Environmental Law, and (ii)&nbsp;the
Company has no knowledge of any costs or liabilities associated with
Environmental Laws (including, without limitation, any capital or operating
expenditures required for clean-up, closure of properties or compliance with
Environmental Laws or any permit, license or approval, any related constraints
on operating activities and any potential liabilities to third parties) that
would, after taking into account existing indemnities from the DOE and after giving
effect to the Privatization Act, Chapter 1, Title 3 of Public Law 104-134, and
the Energy Policy Act of 1992, Public Law 102-486, individually or in the </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">aggregate, have a Material
Adverse Effect. (c)&nbsp;In the ordinary course of its business, the Company
periodically reviews the effect of Environmental Laws on the business,
operations and properties of the Company and its Subsidiaries, in the course of
which the Company identifies and evaluates associated costs and liabilities
(including, without limitation, any capital or operating expenditures required
for the ability to operate and use appropriate technology or techniques,
clean-up, closure of properties or compliance with Environmental Laws, or any
permit, license or approval, any related constraints on operating activities
and any potential liabilities to third parties). On the basis of such review,
the Company has reasonably concluded that such associated costs and liabilities
would not, singly or in the aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(aa)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Engineering
Firm</font></i><font size="2" style="font-size:10.0pt;">. Behre Dolbear&nbsp;&amp; Company (USA)&#160; (&#147;<u>BDC</u>&#148;) is an independent private
engineering firm from whose non-reserve mineralized materials report
information is contained or incorporated by reference in the Registration
Statement, the Disclosure Package and the Prospectus, and acts as independent
engineers with respect to the Company.&#160;
Other than (i)&nbsp;the production of reserves in the ordinary course of
business, (ii)&nbsp;intervening price fluctuations or (iii)&nbsp;as described
in the Disclosure Package, the Company is not aware of any facts or
circumstances that would result in a material adverse change in its proved
reserves in the aggregate or its non-reserve mineralized material in the
aggregate.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(bb)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Taxes</font></i><font size="2" style="font-size:10.0pt;">.&#160; All tax returns required to be filed by the
Company or any of the Subsidiaries have been timely filed, and all taxes and
other assessments of a similar nature (whether imposed directly or through
withholding) including any interest,
additions to tax or penalties applicable thereto due or claimed to be due from
such entities have been timely paid, other than those being contested in good
faith and for which adequate reserves have been provided; all tax liabilities
have been adequately provided for in the financial statements of the Company,
and the Company does not know of any actual or proposed additional material tax
assessments.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(cc)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Insurance</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company and each of the Subsidiaries
maintain insurance covering their respective properties, operations, personnel
and businesses as the Company reasonably deems adequate; such insurance insures
against such losses and risks to an extent which is adequate in accordance with
customary industry practice to protect the Company and the Subsidiaries and
their respective businesses; all such insurance is fully in force on the date
hereof and will be fully in force at the Time of Purchase and at the Additional
Time of Purchase, as the case may be; neither the Company nor any Subsidiary
has reason to believe that it will not be able to renew any such insurance as
and when such insurance expires.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(dd)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Termination
of Contracts</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the
Company nor any Subsidiary has sent or received any communication regarding
termination of, or intent not to renew, any of the contracts or agreements
referred to or described in the Registration Statement, the Disclosure Package
or the Prospectus, or referred to or described in, or filed as an exhibit to,
the Registration Statement or any Incorporated Document, and no such
termination or non-renewal has been threatened by the Company or any Subsidiary
or, to the Company&#146;s knowledge, any other party to any such contract or
agreement, except for such terminations or non-renewals which would not,
individually or in the aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ee)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Accounting
Controls</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
and each of the Subsidiaries maintain a system of internal accounting controls
sufficient to provide reasonable assurance that (i)&nbsp;transactions are
executed in accordance with management&#146;s general or specific authorization;
(ii)&nbsp;transactions are recorded as necessary to permit preparation of
financial </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">statements in conformity
with generally accepted accounting principles and to maintain accountability
for assets; (iii)&nbsp;access to assets is permitted only in accordance with
management&#146;s general or specific authorization; and (iv)&nbsp;the recorded
accountability for assets is compared with existing assets at reasonable
intervals and appropriate action is taken with respect to any differences.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ff)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Disclosure
Controls; Sarbanes-Oxley Act</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company has established and maintains and
evaluates &#147;disclosure controls and procedures&#148; (as such term is defined in
Rule&nbsp;13a-15 and 15d-15 under the Exchange Act) and &#147;internal control over
financial reporting&#148; (as such term is defined in Rule&nbsp;13a-15 and 15d-15
under the Exchange Act); such disclosure controls and procedures are designed
to ensure that material information relating to the Company, including its
consolidated subsidiaries, is made known to the Company&#146;s Chief Executive
Officer and its Chief Financial Officer by others within those entities, and
such disclosure controls and procedures are effective to perform the functions
for which they were established; the Company&#146;s independent auditors and the
Audit Committee of the Board of Directors of the Company have been advised
of:&#160; (i)&nbsp;all significant
deficiencies, if any, in the design or operation of internal controls which
could adversely affect the Company&#146;s ability to record, process, summarize and
report financial data; and (ii)&nbsp;all fraud, if any, whether or not
material, that involves management or other employees who have a role in the
Company&#146;s internal controls; all material weaknesses, if any, in internal
controls have been identified to the Company&#146;s independent auditors; since the
date of the most recent evaluation of such disclosure controls and procedures
and internal controls, there have been no significant changes in internal
controls or in other factors that could significantly affect internal controls,
including any corrective actions with regard to significant deficiencies and
material weaknesses; the principal executive officers (or their equivalents)
and principal financial officers (or their equivalents) of the Company have
made all certifications required by the Sarbanes-Oxley Act of 2002 (the &#147;<u>Sarbanes-Oxley
Act</u>&#148;) and any related rules&nbsp;and regulations promulgated by the
Commission, and the statements contained in each such certification are
complete and correct; the Company, the Subsidiaries and the Company&#146;s directors
and officers are each in compliance in all material respects with all
applicable effective provisions of the Sarbanes-Oxley Act and the rules&nbsp;and
regulations of the Commission and the NASDAQ Capital Market promulgated
thereunder.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(gg)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Forward-Looking Statements</font></i><font size="2" style="font-size:10.0pt;">.&#160; Each &#147;forward-looking
statement&#148; (within the meaning of Section&nbsp;27A of the Act or Section&nbsp;21E
of the Exchange Act) contained </font><font size="2" style="font-size:10.0pt;">or incorporated by reference
</font><font size="2" style="font-size:10.0pt;">in </font><font size="2" style="font-size:10.0pt;">the Registration Statement,
the Disclosure Package and the Prospectus,</font><font size="2" style="font-size:10.0pt;"> has been made or reaffirmed with a reasonable basis and in good faith.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(hh)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Statistical
and Market-Related Data</font></i><font size="2" style="font-size:10.0pt;">. All statistical or market-related data
included or incorporated by reference in the Registration Statement, the
Disclosure Package and the Prospectus,</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">are based on or
derived from sources that the Company reasonably believes to be reliable and
accurate, and the Company has obtained the written consent to the use of such
data from such sources to the extent required.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Corrupt
Practices</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the
Company nor any of the Subsidiaries nor, to the knowledge of the Company, any
director, officer, agent, employee or affiliate of the Company or any of the
Subsidiaries is aware of or has taken any
action, directly or indirectly, that would result in a violation by such persons
of the Foreign Corrupt Practices Act of 1977, as amended, and the rules&nbsp;and
regulations thereunder; and the
Company, the Subsidiaries and, to the knowledge of the Company, its affiliates
have instituted and maintain policies and procedures reasonably designed to
ensure continued compliance therewith.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(jj)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Money
Laundering Laws.&#160; </font></i><font size="2" style="font-size:10.0pt;">The operations
of the Company and the Subsidiaries are and have been conducted at all times in
compliance with applicable financial recordkeeping and reporting requirements
of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the
money laundering statutes of all jurisdictions, the rules&nbsp;and regulations
thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental agency (collectively, the &#147;<u>Money
Laundering Laws</u>&#148;); and no action, suit or proceeding by or before any court
or governmental agency, authority or body or any arbitrator or non-governmental
authority involving the Company or any of the Subsidiaries with respect to the
Money Laundering Laws is pending or, to the Company&#146;s knowledge, threatened.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(kk)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">OFAC</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the Company nor any of the
Subsidiaries nor, to the knowledge of the Company, any director, officer,
agent, employee or affiliate of the Company or any of the Subsidiaries is currently subject to any U.S. sanctions
administered by the Office of Foreign Assets Control of the U.S. Treasury
Department (&#147;<u>OFAC</u>&#148;); and the Company </font><font size="2" style="font-size:10.0pt;">will
not directly or indirectly use the proceeds of the offering of the </font><font size="2" style="font-size:10.0pt;">Securities</font><font size="2" style="font-size:10.0pt;"> contemplated hereby, or lend, contribute or otherwise make available
such proceeds to any Subsidiary, joint venture partner or other person or
entity for the purpose of financing the activities of any person </font><font size="2" style="font-size:10.0pt;">currently subject to any U.S. sanctions administered by OFAC</font><font size="2" style="font-size:10.0pt;">.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ll)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Dividends</font></i><font size="2" style="font-size:10.0pt;">.&#160; No Subsidiary is currently prohibited,
directly or indirectly, from paying any dividends to the Company, from making
any other distribution on such Subsidiary&#146;s capital stock, from repaying to the
Company any loans or advances to such Subsidiary from the Company or from
transferring any of such Subsidiary&#146;s property or assets to the Company or any
other Subsidiary of the Company, except as described in the Registration
Statement (excluding the exhibits thereto) and the Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(mm)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Preemptive Rights</font></i><font size="2" style="font-size:10.0pt;">.&#160; The issuance and sale of the </font><font size="2" style="font-size:10.0pt;">Securities as contemplated hereby will not cause any holder
of any shares of capital stock, securities convertible into or exchangeable or
exercisable for capital stock or options, warrants or other rights to purchase
capital stock or any other securities of the Company to have any right to
acquire any shares of preferred stock of the Company.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(nn)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">NASDAQ Capital Market; Exchange Act Registration</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Common Stock is registered
pursuant to Section&nbsp;12(g)&nbsp;of the Exchange Act, the Common Stock is
listed on the NASDAQ Capital Market, and the Company has taken no action
designed to, or likely to have the effect of, terminating the registration of
the Common Stock under the Exchange Act or delisting the Common Stock from the
NASDAQ Capital Market.&#160; Except as
disclosed in the Registration Statement, the Company not received any
notification that the Commission or the NASDAQ Capital Market is contemplating
terminating such registration or listing.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(oo)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Brokers
Fees</font></i><font size="2" style="font-size:10.0pt;">.&#160; Except pursuant to this
Agreement, neither the Company nor any of the Subsidiaries has incurred any
liability for any finder&#146;s or broker&#146;s fee or agent&#146;s commission in connection
with the execution and delivery of this Agreement or the consummation of the
transactions contemplated hereby or by the Registration Statement.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(pp)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Price Stabilization</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the
Company nor any of the Subsidiaries nor any of their respective directors,
officers or, to the knowledge of the Company, any of their affiliates or
controlling persons has taken, directly or indirectly, any action designed, or
which has constituted or might reasonably be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of the Securities.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(qq)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Corporate
Records</font></i><font size="2" style="font-size:10.0pt;">.&#160; The minute books of the
Company and any of its Subsidiaries, representing all existing records of all
meetings and actions of the board of directors (including, Audit, Compensation
and Nominating Committees) and stockholders of the Company and any of its
Subsidiaries (collectively, the &#147;<u>Corporate Records</u>&#148;) through the date of
the latest meeting and action, have been made available to the Underwriter and
counsel for the Underwriter.&#160; All such
Corporate Records are complete and accurately reflect, in all material
respects, all transactions referred to in such Corporate Records.&#160; There are no material transactions,
agreements or other actions that have been consummated by the Company or any of
the Subsidiaries that are not properly approved and/or recorded in the
Corporate Records of the Company and the Subsidiaries.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(rr)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Federal
Reserve Board</font></i><font size="2" style="font-size:10.0pt;">.&#160; Neither the
Company nor any of its Subsidiaries own any &#147;margin securities&#148; as that term is
defined in Regulation U of the Board of Governors of the Federal Reserve System
(the &#147;<u>Federal Reserve Board</u>&#148;), and none of the proceeds of the sale of
the Securities will be used, directly or indirectly, for the purpose of purchasing
or carrying any margin security, for the purpose of reducing or retiring any
indebtedness which was originally incurred to purchase or carry any margin
security or for any other purpose which might cause any of the Securities to be
considered a &#147;purpose credit&#148; within the meanings of Regulation T, U or X of
the Federal Reserve Board.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ss)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Rating
Organization</font></i><font size="2" style="font-size:10.0pt;">. As of the date of this Agreement there were, and
as of the Time of Purchase and the Additional Time of Purchase, as the case may
be, there will be, no securities of or guaranteed by the Company or any
Subsidiary that are rated by a &#147;nationally recognized statistical rating
organization,&#148; as that term is defined in Rule&nbsp;436(g)(2)&nbsp;promulgated
under the Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(tt)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">FINRA
Affiliations</font></i><font size="2" style="font-size:10.0pt;">.&#160; To the Company&#146;s
knowledge, there are no affiliations or associations between (i)&nbsp;any
member of FINRA and (ii)&nbsp;the Company or any of the Company&#146;s officers,
directors or 5% or greater security holders or any beneficial owner of the
Company&#146;s equity securities that were acquired in a transaction not registered
under the Act at any time on or after the 180th day immediately preceding the
date the Registration Statement was initially filed with the Commission, except
as disclosed in the Registration Statement (excluding the exhibits thereto) and
the Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(uu)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Undisclosed Relationships</font></i><font size="2" style="font-size:10.0pt;">.&#160; No
relationship, direct or indirect, exists between or among the Company on the
one hand and the directors, officers, stockholders, customers or suppliers of
the Company on the other hand which is required to be described in the
Registration Statement, the Disclosure Package and the Prospectus which has not
been so described. There are no outstanding loans, advances (except normal
advances for business expenses in the ordinary course of business) or
guarantees of indebtedness by the Company to or for the benefit of any of the
officers or directors of the Company or any member of their respective
immediate families, except as disclosed in the Registration Statement, the
Disclosure Package and the Prospectus. The Company has not, in violation of the
Sarbanes Oxley Act, directly or indirectly, extended or maintained credit,
arranged for the extension of credit, or renewed an extension of credit, in the
form of a personal loan to or for any director or executive officer of the
Company.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vv)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Exchange
Act Requirements</font></i><font size="2" style="font-size:10.0pt;">. The Company has filed in a timely manner all
reports required to be filed pursuant to Sections 13(a), 13(e), 14 and 15(d)&nbsp;of
the Exchange Act during the preceding 12 months (except to the extent that Section&nbsp;15(d)&nbsp;requires
reports to be filed pursuant to Sections 13(d)&nbsp;and 13(g)&nbsp;of the
Exchange Act, which shall be governed by the </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">next clause of this
sentence); and the Company has filed in a timely manner all reports required to
be filed pursuant to Sections 13(d)&nbsp;and 13(g)&nbsp;of the Exchange Act
since January&nbsp;1, 2004, except where the failure to timely file could not
reasonably be expected individually or in the aggregate to have a Material
Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, any certificate signed by any officer of the Company or any of
the Subsidiaries and delivered to the Underwriter or counsel for the
Underwriter in connection with the offering of the Securities shall be deemed
to be a representation and warranty by the Company, as to matters covered
thereby, to the Underwriter.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Certain
Covenants of the Company</font></u><font size="2" style="font-size:10.0pt;">.&#160; The
Company covenants and agrees with the Underwriter as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Reporting
Obligations; Exchange Act Compliance</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company will (i)&nbsp;file the
Preliminary Prospectus Supplement, if any, and the Prospectus Supplement with
the Commission within the time periods specified by Rule&nbsp;424(b)&nbsp;and Rules&nbsp;430A,
430B and 430C, as applicable under the Act, (ii)&nbsp;file any &#147;free writing
prospectus&#148; to the extent required by Rule&nbsp;433 under the Act, if
applicable (&#147;<u>Free Writing Prospectus</u>&#148;), (iii)&nbsp;file promptly all
reports required to be filed by the Company with the Commission pursuant to Section&nbsp;13(a),
13(c)&nbsp;or 15(d)&nbsp;of the Exchange Act subsequent to the date of the
Prospectus and during such period as the Prospectus would be required by law to
be delivered (whether physically or through compliance with Rule&nbsp;172 under
the Act or any similar rule) (the &#147;<u>Prospectus
Delivery Period</u>&#148;), and (iv)&nbsp;furnish copies of each Free Writing
Prospectus, if any, (to the extent not previously delivered) to the Underwriter
prior to 11:00&nbsp;a.m. Eastern time, on the second business day next
succeeding the date of this Agreement in such quantities as the Underwriter
shall reasonably request.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Abbreviated
Registration Statement</font></i><font size="2" style="font-size:10.0pt;">.&#160; If
the Company elects to rely upon Rule&nbsp;462(b)&nbsp;under the Act, the
Company shall file a registration statement under Rule&nbsp;462(b)&nbsp;with
the Commission in compliance with Rule&nbsp;462(b)&nbsp;by 8:00&nbsp;a.m.,
Eastern time, on the business day next succeeding the date of this Agreement,
and the Company shall at the time of filing either pay to the Commission the
filing fee for such Rule&nbsp;462(b)&nbsp;registration statement or give
irrevocable instructions for the payment of such fee pursuant to the Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Amendments
or Supplements</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
will not, during the Prospectus<i>  </i>Delivery
Period in connection with the offering contemplated by this Agreement, file any
amendment or supplement to the Registration Statement or the Prospectus unless
a copy thereof shall first have been submitted to the Underwriter within a
reasonable period of time prior to the filing thereof and the Underwriter shall
not have reasonably objected thereto in good faith.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Free
Writing Prospectuses</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
will (i)&nbsp;not make any offer relating to the Securities that would
constitute an &#147;issuer free writing prospectus&#148; (as defined in Rule&nbsp;433) or
that would otherwise constitute a &#147;free writing prospectus&#148; (as defined in Rule&nbsp;405
under the Act) required to be filed by the Company with the Commission under Rule&nbsp;433
under the Act other than a Permitted Free Writing Prospectus; <i>provided</i> that the prior written consent of the Underwriter
hereto shall be deemed to have been given in respect of the Permitted Free
Writing Prospectus(es) included in <u>Schedule I</u> hereto; (ii)&nbsp;treat
each Permitted Free Writing Prospectus as an &#147;issuer free writing prospectus&#148;; (iii)&nbsp;comply
with the requirements of Rules&nbsp;164 and 433 under the Act applicable to any
&#147;issuer free writing prospectus&#148;, including the requirements relating to timely
filing with the Commission, legending and record keeping and (iv)&nbsp;not take
any action that would result in the Underwriter or the Company being required
to </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">file with the Commission
pursuant to Rule&nbsp;433(d)&nbsp;under the Act a free writing prospectus
prepared by or on behalf of such Underwriter that such Underwriter otherwise
would not have been required to file thereunder. The Company will use its
commercially reasonable best efforts to satisfy the conditions in Rule&nbsp;433
under the Act to avoid a requirement to file with the Commission any electronic
road show.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Notice
to Underwriter</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
will notify the Underwriter promptly, and will, if requested, confirm such
notification in writing regarding: (i)&nbsp;the receipt of any comments of, or
requests for additional information from, the Commission; (ii)&nbsp;the time
and date of any filing of any post-effective amendment to the Registration
Statement or any amendment or supplement to the Disclosure Package or the Prospectus,
(iii)&nbsp;the time and date when any post-effective amendment to the
Registration Statement becomes effective, but only during the Prospectus
Delivery Period; (iv)&nbsp;of the issuance by the Commission of any stop order
suspending the effectiveness of the Registration Statement, or any
post-effective amendment thereto or any order preventing or suspending the use
of any Prospectus Supplement, the Disclosure Package, the Prospectus or any
Permitted Free Writing Prospectus, or the initiation of any proceedings for
that purpose or the threat thereof, but only during the Prospectus Delivery
Period; (v)&nbsp;of receipt by the Company of any notification with respect to
any suspension or the approval of the Securities from any securities exchange
upon which it is listed for trading or included or designated for quotation, or
the initiation or threatening of any proceeding for such purpose.&#160; The Company will use its commercially
reasonable best efforts to prevent the issuance or invocation of any such stop
order or suspension by the Commission and, if any such stop order or suspension
is so issued or invoked, to obtain as soon as possible the withdrawal or
removal thereof.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Filing
of Amendments or Supplements</font></i><font size="2" style="font-size:10.0pt;">. If, during the Prospectus
Delivery Period, any event shall occur or condition exist as a result of which
it is necessary to amend or supplement the Prospectus (or, if the Prospectus is
not yet available to prospective purchasers, the Disclosure Package) in order
to make the statements therein, in the light of the circumstances when the
Prospectus (or, if the Prospectus is not yet available to prospective
purchasers, the Disclosure Package) is delivered to an investor, not
misleading, or if, in the opinion of counsel for the Underwriter, it is
necessary to amend or supplement the Prospectus (or, if the Prospectus is not
yet available to prospective purchasers, the Disclosure Package) to comply with
applicable law, forthwith to prepare, file with the Commission and furnish, at
its own expense, to the Underwriter, either amendments or supplements to the
Prospectus (or, if the Prospectus is not yet available to prospective
purchasers, the Disclosure Package) so that the statements in the Prospectus
(or, if the Prospectus is not yet available to prospective purchasers, the
Disclosure Package) as so amended or supplemented will not, in the light of the
circumstances when the Prospectus (or, if the Prospectus is not yet available
to prospective purchasers, the Disclosure Package) is delivered to an Investor,
be misleading or so that the Prospectus (or, if the Prospectus is not yet
available to prospective purchasers, the Disclosure Package), as amended or
supplemented, will comply with law. If at any time following issuance of a
Permitted Free Writing Prospectus there occurred or occurs an event or
development as a result of which such Permitted Free Writing Prospectus
conflicted or would conflict with the information contained in the Registration
Statement relating to the Securities or included or would include an untrue statement
of a material fact or omitted or would omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances
prevailing at that subsequent time, not misleading, the Company promptly will
notify the Underwriter and will promptly amend or supplement, at its own
expense, such Permitted Free Writing Prospectus to eliminate or correct such
conflict, untrue statement or omission.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Delivery
of Copies</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
will deliver promptly to the Underwriter and its counsel such number of the
following documents as the Underwriter shall reasonably request:&#160; (i)&nbsp;conformed copies of the Registration
Statement as originally filed with the Commission and each amendment thereto
(in each case excluding exhibits), (ii)&nbsp;copies of any Prospectus
Supplement or Permitted Free Writing Prospectus, (iii)&nbsp;during the
Prospectus Delivery Period, copies of the Prospectus (or any amendments or
supplements thereto); (iii)&nbsp;any document incorporated by reference in the
Prospectus (other than any such document that is filed with the Commission
electronically via EDGAR or any successor system) and (iv)&nbsp;all
correspondence to and from, and all documents issued to and by, the Commission
in connection with the registration of the Securities under the Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Earnings
Statement</font></i><font size="2" style="font-size:10.0pt;">.&#160; As soon as
practicable, but in any event not later than 15 months after the end of the
Company&#146;s current fiscal quarter, the Company will make generally available to
holders of its securities and deliver to the Underwriter, an earnings statement
of the Company (which need not be audited) that will satisfy the provisions of Section&nbsp;11(a)&nbsp;and
Rule&nbsp;158 of the Securities Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Use
of Proceeds</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
will apply the net proceeds from the sale of the Securities in the manner set
forth in the Registration Statement, Disclosure Package and the Prospectus
under the heading &#147;Use of Proceeds&#148;.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Public
Communications</font></i><font size="2" style="font-size:10.0pt;">.&#160; Prior to
the Closing Date and the closing of the Additional Securities, if any, the
Company will not issue any press release or other communication directly or
indirectly or hold any press conference with respect to the Company, its
condition, financial or otherwise, or the earnings, business, operations or
prospects of any of them, or the offering of the Securities, without the prior
written consent of the Underwriter, which consent shall not be unreasonably
withheld, unless in the reasonable judgment of the Company and its counsel, and
after notification to the Underwriter, such press release or communication is
required by law, in which case the Company shall use its commercially
reasonable best efforts to allow the Underwriter reasonable time to comment on
such release or other communication in advance of such issuance.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Lock-Up
Period</font></i><font size="2" style="font-size:10.0pt;">.&#160; Except as disclosed in the
Disclosure Package, for a period of 90 days after the date hereof (the &#147;<i>Lock-Up Period</i>&#148;), the Company will not
directly or indirectly, (1)&nbsp;offer to sell, hypothecate, pledge, announce
the intention to sell, sell, contract to sell, sell any option or contract to
purchase (to the extent such option or contract to purchase is exercisable
within one year from the Closing Date), purchase any option or contract to
sell, grant any option, right or warrant to purchase or otherwise transfer or
dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning
of Section&nbsp;16 of the Exchange Act, with respect to, any shares of Common
Stock, or any securities convertible into or exercisable or exchangeable for
shares of Common Stock; (2)&nbsp;file or cause to become effective a
registration statement under the Securities Act relating to the offer and sale
of any shares of Common Stock or securities convertible into or exercisable or
exchangeable for shares of Common Stock or (3)&nbsp;enter into any swap or
other agreement that transfers, in whole or in part, any of the economic
consequences of ownership of the Common Stock, whether any such transaction
described in clauses (1), (2)&nbsp;or (3)&nbsp;above is to be settled by
delivery of shares of Common Stock or such other securities, in cash or
otherwise, without the prior written consent of the Underwriter (which consent
may be withheld in its sole discretion), other than (i)&nbsp;the Securities to
be sold hereunder, (ii)&nbsp;the issuance of employee stock options or shares
of restricted stock pursuant to equity compensation plans described in the
Registration Statement (excluding the exhibits </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">thereto) and the Disclosure
Package and the Prospectus, (iii)&nbsp;issuances of shares of Common Stock upon
the exercise of options or warrants disclosed as outstanding in the
Registration Statement (excluding the exhibits thereto) and the Disclosure
Package and the Prospectus or upon the conversion or exchange of convertible or
exchangeable securities outstanding as of the date of this Agreement; (iv)&nbsp;the
issuance by the Company of any shares of Common Stock or securities convertible
or exchangeable into shares of Common Stock as consideration for mergers,
acquisitions, other business combinations, or strategic alliances, occurring
after the date of this Agreement; <i>provided</i>
that each recipient of shares pursuant to this clause (iv)&nbsp;agrees that all
such shares remain subject to restrictions substantially similar to those
contained in this <u>subsection 4(k)</u>; or (v)&nbsp;the purchase or sale of
the Company&#146;s securities pursuant to a plan, contract or instruction that
satisfies all of the requirements of Rule&nbsp;10b5-1(c)(1)(i)(B)&nbsp;that was
in effect prior to the date hereof.&#160;
Notwithstanding the foregoing, for the purpose of allowing the
Underwriter to comply with FINRA Rule&nbsp;2711(f)(4), if (1)&nbsp;during the
last 17 days of the Lock-Up Period, the Company releases earnings results or
publicly announces other material news or a material event relating to the
Company occurs or (2)&nbsp;prior to the expiration of the Lock-Up Period, the
Company announces that it will release earnings results during the 16 day
period beginning on the last day of the Lock-Up Period, then in each case the
Lock-Up Period will be extended until the expiration of the 18 day period
beginning on the date of release of the earnings results or the public
announcement regarding the material news or the occurrence of the material
event, as applicable, unless the Underwriter waives, in writing, such
extension.&#160; The Underwriter agrees to
waive such extension if the provisions of FINRA Rule&nbsp;2711(f)(4)&nbsp;are
not applicable to the Offering. The Company agrees not to accelerate the
vesting of any option or warrant or the lapse of any repurchase right prior to
the expiration of the Lock-Up Period.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Stabilization</font></i><font size="2" style="font-size:10.0pt;">.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company will not take
directly or indirectly any action designed, or that might reasonably be
expected to cause or result in, or that will constitute, stabilization or
manipulation of the price of any security of the Company to facilitate the sale
or resale of any of the Securities.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Transfer
Agent</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company shall engage and
maintain, at its expense, a transfer agent and, if necessary under the jurisdiction
of incorporation of the Company, a registrar for the Securities.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Investment
Company Act</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company
shall not invest, or otherwise use the proceeds received by the Company from
its sale of Securities in such a manner as would require the Company to
register as an investment company under the Investment Company Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Sarbanes-Oxley
Act</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company will comply with
all effective applicable provisions of the Sarbanes Oxley Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Periodic
Reports</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Company will file with the
Commission such periodic and special reports as required by the Act.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">NASDAQ
Capital Market.</font></i><font size="2" style="font-size:10.0pt;">&#160; The Company
will use its commercially reasonable best efforts to obtain approval for, and
maintain the listing of the Securities on the NASDAQ Capital Market for so long
as the Common Stock is listed thereon.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(r)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Stale
Registration Statement</font></i><font size="2" style="font-size:10.0pt;">.&#160; If
the third anniversary of the initial effective date of the Registration
Statement (within the meaning of Rule&nbsp;415(a)(5)&nbsp;under the Act) shall
occur at any time during the period when a prospectus is required by the Act to
be delivered (whether physically or through compliance with Rule&nbsp;172 under
the Act or any similar rule) in</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">connection with any sale of
Securities, to file with the Commission, prior to such third anniversary, a new
registration statement under the Act relating to the Securities, which new
registration statement shall comply with the requirements of the Act (including,
without limitation, Rule&nbsp;415(a)(6)&nbsp;under the Act) and shall be in a
form satisfactory to the Underwriter; the Company shall use its best efforts to
cause such new registration statement to become effective under the Act as soon
as practicable, but in any event within 180 days after such third anniversary
and promptly notify the Underwriter of such effectiveness; the Company shall
take all other action necessary or appropriate to permit the public offering
and sale of the Securities to continue as contemplated in the Prospectus; all
references herein to the Registration Statement shall be deemed to include each
such new registration statement, if any.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(s)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Expenses.</font></i><font size="2" style="font-size:10.0pt;">&#160; To pay all costs, expenses, fees and taxes in
connection with (i)&nbsp;the preparation and filing of the Registration
Statement, each Basic Prospectus, the Prospectus Supplement, the Prospectus,
each Permitted Free Writing Prospectus and any amendments or supplements
thereto, and the printing and furnishing of copies of each thereof to the Underwriter
and to dealers (including costs of mailing and shipment), (ii)&nbsp;the
registration, issue, sale and delivery of the Securities including any stock or
transfer taxes and stamp or similar duties payable upon the sale, issuance or
delivery of the Securities to the Underwriter, (iii)&nbsp;the preparation of
this Agreement, any agreement among underwriters, any dealer agreements, any
powers of attorney and any closing documents (including compilations thereof)
and the reproduction and/or printing and furnishing of copies of each thereof
to the Underwriter and (except closing documents) to dealers (including costs
of mailing and shipment), (iv)&nbsp;the qualification of the Securities for
offering and sale under state or foreign laws and the determination of their
eligibility for investment under state or foreign law (including the legal fees
and filing fees and other disbursements of counsel for the Underwriter) and the
printing and furnishing of copies of any blue sky surveys or legal investment
surveys to the Underwriter and to dealers, (v)&nbsp;any listing of the
Securities on any securities exchange or qualification of the Securities for
listing on the NASDAQ Capital Market, (vi)&nbsp;any filing for review of the
public offering of the Securities by FINRA, including the legal fees and filing
fees and other disbursements of counsel to the Underwriter relating to FINRA
matters, (vii)&nbsp;the fees and disbursements of any transfer agent or
registrar for the Securities, (viii)&nbsp;the costs and expenses of the Company
relating to presentations or meetings undertaken in connection with the
marketing of the offering and sale of the Securities to prospective investors
and the Underwriter&#146;s sales forces, including, without limitation, expenses
associated with the production of road show slides and graphics, fees and
expenses of any consultants engaged in connection with the road show
presentations, travel, lodging and other expenses incurred by the officers of
the Company and any such consultants, and the cost of any aircraft chartered in
connection with the road show, (ix)&nbsp;the out-of-pocket expenses of the
Underwriter, including the fees and other disbursements of counsel to the
Underwriter in an amount (net of any advance previously paid to the
Underwriter) not to exceed $30,000 in the aggregate and (x)&nbsp;the
performance of the Company&#146;s other obligations hereunder.&#160; In no event shall the compensation payable to
the Underwriter or any other member of FINRA (including any expense
reimbursement) exceed 7% of the gross proceeds from the sale of the Securities
as contemplated hereunder.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Reimbursement
of the Underwriter&#146;s Expenses</font></u><font size="2" style="font-size:10.0pt;">.&#160; If the Securities are not delivered for any
reason other than the default of the Underwriter in its obligations hereunder,
the Company shall, in addition to paying the amounts described in <u>Section&nbsp;4(s)</u>&nbsp;hereof,
reimburse the Underwriter for all of its out-of-pocket expenses, including the
fees and disbursements of its counsel.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Conditions of
the Underwriter&#146;s Obligations</font></u><font size="2" style="font-size:10.0pt;">.&#160; The obligations of the Underwriter </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">hereunder are subject to the accuracy of the
representations and warranties on the part of the Company on the date hereof,
at the Time of Purchase and at the Additional Time of Purchase, as the case may
be, the performance by the Company of its obligations hereunder and to the
following additional conditions precedent:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Company
Counsel Legal Opinion.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall furnish to the Underwriter at the Time of Purchase and at the Additional
Time of Purchase, as the case may be, an opinion of Baker&nbsp;&amp; Hostetler
LLP, counsel for the Company, addressed to the Underwriter, and dated the Time
of Purchase and the Additional Time of Purchase, as the case may be, in form
and substance satisfactory to the Underwriter, as to the matters set forth in <u>Exhibit&nbsp;B</u>
hereto.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Comfort
Letter.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Underwriter shall have
received from Hein&nbsp;&amp; Associates, LLP letters dated, respectively, the
date of the Prospectus Supplement, the Time of Purchase and the Additional Time
of Purchase, as the case may be, and addressed to the Underwriter in the forms
satisfactory to the Underwriter, which letters shall cover, without limitation,
the various financial disclosures contained in the Registration Statement, the
Disclosure Package and the Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Engineer&#146;s
Comfort Letter</font></i><font size="2" style="font-size:10.0pt;">.&#160; The Underwriter
shall have received from BDC a letter dated the Time of Purchase and the
Additional Time of Purchase, as the case may be, and addressed to the
Underwriter, (i)&nbsp;confirming (A)&nbsp;that they are an independent
engineering firm, and (B), as of such date, their estimates contained in their
non-reserve mineralized material report, as of its date, with respect to the
estimated quantities of the Company&#146;s non-reserve mineralized materials as set
forth in the General Disclosure Package and the Prospectus, (ii)&nbsp;authorizing
the Underwriter to rely on such report as if it had been addressed to the
Underwriter and (iii)&nbsp;addressing such other related matters as the
Underwriter shall reasonably request.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Underwriter
Counsel Legal Opinion.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Underwriter
shall have received at the Time of Purchase and at the Additional Time of
Purchase, as the case may be, a favorable opinion of Lowenstein Sandler PC,
counsel for the Underwriter, dated the Time of Purchase and the Additional Time
of Purchase, as the case may be, in form and substance reasonably satisfactory
to the Underwriter.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Objection
of Underwriter</font></i><font size="2" style="font-size:10.0pt;">.&#160; No
Prospectus or amendment or supplement to the Registration Statement or the
Prospectus shall have been filed to which the Underwriter shall have objected in
writing.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Filings
with the Commission</font></i><font size="2" style="font-size:10.0pt;">.&#160; The
Prospectus Supplement shall have been filed with the Commission pursuant to
Rule&nbsp;424(b)&nbsp;under the Act at or before 5:30&nbsp;P.M., New York time,
on the second full business day after the date of this Agreement (or such
earlier time as may be required under the Act).</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No Stop
Orders.&#160; </font></i><font size="2" style="font-size:10.0pt;">Prior to and at the Time of
Purchase and at the Additional Time of Purchase, as the case may be,
(i)&nbsp;no stop order with respect to the effectiveness of the Registration
Statement shall have been issued under the Act or proceedings initiated under Section&nbsp;8(d)&nbsp;or
8(e)&nbsp;of the Act; (ii)&nbsp;the Registration Statement and all amendments
thereto shall not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading; (iii)&nbsp;neither the Prospectus nor
amendment or supplement thereto shall include an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements
therein, </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in the light of the
circumstances under which they are made, not misleading; (iv)&nbsp;no
Disclosure Package, and no amendment or supplement thereto, shall include an
untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances
under which they are made, not misleading; and (v)&nbsp;none of the Permitted
Free Writing Prospectuses, if any, shall include an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they are made, not
misleading.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
Material Adverse Change</font></i><font size="2" style="font-size:10.0pt;">.&#160; (i)&nbsp;
Prior to the Closing or the closing of the Additional Securities, as
applicable, there shall not have occurred any change, or any development
involving a prospective change, in the condition, financial or otherwise, or in
the earnings, business or operations of the Company from that set forth in the
Disclosure Package and the Prospectus that, in the Underwriter&#146;s judgment, is
material and adverse and that makes it, in the Underwriter&#146;s judgment,
impracticable to market the Securities on the terms and in the manner
contemplated in the Disclosure Package.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;
</font><font size="2" style="font-size:10.0pt;">There shall not have occurred any of the following:&#160; (i)&nbsp;a suspension or material limitation
in trading in securities generally on the New York Stock Exchange, the NYSE
Amex or NASDAQ Capital Market or the establishing on such exchanges by the SEC
or by such exchanges of minimum or maximum prices that are not in force and
effect on the date hereof; (ii)&nbsp;a suspension or material limitation in
trading in the Company&#146;s securities on the NASDAQ Capital Market or the
establishing on such market by the SEC or by such market of minimum or maximum
prices that are not in force and effect on the date hereof; (iii)&nbsp;a
general moratorium on commercial banking activities declared by either federal
or any state authorities; (iv)&nbsp;the outbreak or material escalation of hostilities
or acts of terrorism involving the United States or the declaration by the
United States of a national emergency or war, which in your reasonable judgment
makes it impracticable or inadvisable to proceed with the public offering or
the delivery of the Securities in the manner contemplated in the Prospectus; or
(v)&nbsp;any calamity or crisis, change in national, international or world
affairs, act of God, change in the international or domestic markets, or change
in the existing financial, political or economic conditions in the United
States or elsewhere, that in your reasonable judgment makes it impracticable or
inadvisable to proceed with the public offering or the delivery of the Firm
Securities or the Additional Securities, as applicable, in the manner
contemplated in each of the Disclosure Package and the Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Officers&#146;
Certificate.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall have, at the Time of Purchase and at the Additional Time of Purchase, as
the case may be, delivered to the Underwriter a certificate of its Chief
Executive Officer and its Chief Financial Officer, dated the Time of Purchase
and the Additional Time of Purchase, as the case may be, in the form attached
as <u>Exhibit&nbsp;C</u> hereto.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Secretary&#146;s
Certificate.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall have, at the Time of Purchase and at the Additional Time of Purchase, as
the case may be, delivered to the Underwriter a certificate of its Secretary,
dated the Time of Purchase and the Additional Time of Purchase, as the case may
be, in the form attached as <u>Exhibit&nbsp;D</u> hereto.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Lock-Up.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Underwriter shall have
received each of the signed Lock-Up Agreements referred to in <u>Section&nbsp;3(t)</u>&nbsp;hereof,
and each such Lock-Up Agreement shall be in full force and effect at the Time
of Purchase and at the Additional Time of Purchase, as the case may be.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Company
Corporate Documents.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall have, at the Time of Purchase and at the Additional Time of Purchase, as
the case may be, delivered to the Underwriter a certificate evidencing the
incorporation and good standing of the Company in the state of Delaware issued
by the Secretary of State of the state of Delaware, dated as of a date within
five calendar days of the Time of Purchase and Additional Time of Purchase, as
the case may be.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Subsidiary
Corporate Documents. &#160;</font></i><font size="2" style="font-size:10.0pt;">The Company
shall have, at the Time of Purchase and at the Additional Time of Purchase, as
the case may be, delivered to the Underwriter a certificate evidencing the
incorporation or formation, as the case may be, and good standing of each of
its Subsidiaries in their respective state of incorporation or formation (or
comparable authority), as the case may be, issued by the Secretary of State of
such state of incorporation or formation, as the case may be, dated as of a
date within five calendar days of the Time of Purchase and Additional Time of
Purchase, as the case may be.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Foreign
Qualifications.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall have, at the Time of Purchase and at the Additional Time of Purchase, as
the case may be, delivered to the Underwriter a certificate evidencing the
Company&#146;s qualification as a foreign corporation in good standing issued by the
Secretary of State (or comparable office) of each jurisdiction in which the
Company conducts business and is required to so qualify, dated as of a date
within five calendar days of the Time of Purchase and Additional Time of
Purchase, as the case may be.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Certified
Charter.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company shall have
delivered to the Underwriter at the Time of Purchase and at the Additional Time
of Purchase, as the case may be, a certified copy of the Certificate of
Incorporation of the Company as certified by the Secretary of State of the
state of Delaware within five calendar days of the Time of Purchase and
Additional Time of Purchase, as the case may be.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Additional
Documents.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Company
shall have furnished to the Underwriter such other documents and certificates
as to the accuracy and completeness of any statement in the Registration
Statement, the Prospectus or any Permitted Free Writing Prospectus as of the
Time of Purchase and the Additional Time of Purchase, as the case may be, as
the Underwriter may reasonably request.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">NASDAQ
Capital Market Listing.&#160; </font></i><font size="2" style="font-size:10.0pt;">The Securities
shall have been approved for listing on the NASDAQ Capital Market, subject only
to official notice of issuance at or prior to the Time of Purchase.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(r)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">No
FINRA Objection.&#160; </font></i><font size="2" style="font-size:10.0pt;">FINRA shall not
have raised any objection with respect to the fairness or reasonableness of the
underwriting, or other arrangements of the transactions, contemplated hereby.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(s)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">Other</font></i><font size="2" style="font-size:10.0pt;">  <i>Filings with the Commission</i>.&#160; The Company shall have prepared and filed
with the Commission a Current Report on Form&nbsp;8-K with respect to the
transactions contemplated hereby, including as an exhibit thereto this
Agreement and any other documents relating thereto.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Effective Date
of Agreement; Termination</font></u><font size="2" style="font-size:10.0pt;">.&#160; This
Agreement shall become effective when the parties hereto have executed and
delivered this Agreement.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligations of the Underwriter hereunder shall be subject to
termination in the absolute discretion of the Underwriter, if (1)&nbsp;since
the time of execution of this Agreement or the earlier respective dates as of
which information is given in the Registration Statement, the Disclosure
Package and the Prospectus, there has been any change or any development
involving a prospective change in the business, properties, management,
financial condition or results of operations of the Company and the
Subsidiaries taken as a whole, the effect of which change or development is, in
the sole judgment of the Underwriter, so material and adverse as to make it
impractical or inadvisable to proceed with the public offering or the delivery
of the Securities on the terms and in the manner contemplated in the
Registration Statement, the Disclosure Package and the Prospectus, or (2)&nbsp;since
the time of execution of this Agreement, there shall have occurred:&#160; (A)&nbsp;a suspension or material limitation
in trading in securities generally on the New York Stock Exchange, the NASDAQ
Capital Market or the NYSE Amex; (B)&nbsp;a suspension or material limitation
in trading in the Company&#146;s securities on the NASDAQ Capital Market; (C)&nbsp;a
general moratorium on commercial banking activities declared by either federal
or New York State authorities or a material disruption in commercial banking or
securities settlement or clearance services in the United States; (D)&nbsp;an
outbreak or escalation of hostilities or acts of terrorism involving the United
States or a declaration by the United States of a national emergency or war; or
(E)&nbsp;any other calamity or crisis or any change in financial, political or
economic conditions in the United States or elsewhere, if the effect of any
such event specified in clause (D)&nbsp;or (E), in the sole judgment of the
Underwriter, makes it impractical or inadvisable to proceed with the public
offering or the delivery of the Securities on the terms and in the manner
contemplated in the Registration Statement, the Disclosure Package and the
Prospectus.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Underwriter elects to terminate this Agreement as provided in this <u>Section&nbsp;7</u>,
the Company shall be notified promptly in writing.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the sale to the Underwriter of the Securities, as contemplated by this
Agreement, is not carried out by the Underwriter for any reason permitted under
this Agreement, or if such sale is not carried out because the Company shall be
unable to comply with any of the terms of this Agreement, the Company shall not
be under any obligation or liability under this Agreement (except to the extent
provided in <u>Sections 4(s)</u>, <u>5</u> and <u>8</u> hereof), and the
Underwriter shall be under no obligation or liability to the Company under this
Agreement (except to the extent provided in <u>Section&nbsp;8</u> hereof).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Indemnity and
Contribution</font></u><font size="2" style="font-size:10.0pt;">.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
agrees to indemnify, defend and hold harmless the Underwriter, its partners,
directors and officers, any person who controls the Underwriter within the
meaning of Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act,
and the successors and assigns of all of the foregoing persons, from and
against any loss, damage, expense, liability or claim (including the reasonable
cost of investigation) which, jointly or severally, such Underwriter or any
such person may incur under the Act, the Exchange Act, the common law or
otherwise, insofar as such loss, damage, expense, liability or claim arises out
of or is based upon (i)&nbsp;any untrue statement or alleged untrue statement
of a material fact contained in the Registration Statement (or in the
Registration Statement as amended by any post-effective amendment thereof by
the Company) or arises out of or is based upon any omission or alleged omission
to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, except insofar as any such loss, damage,
expense, liability or claim arises out of or is based upon any untrue statement
or alleged untrue statement of a material fact contained in, and in conformity
with information concerning such Underwriter furnished in writing by such
Underwriter to the Company expressly for use in (it being understood and agreed
that the only such information furnished by the Underwriter consists of the
information described as such in <u>Section&nbsp;8(g)</u>), the Registration
Statement or arises out of or is based upon any omission or </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">alleged omission to state a
material fact in the Registration Statement in connection with such
information, which material fact was not contained in such information and
which material fact was required to be stated in such Registration Statement or
was necessary to make such information not misleading or (ii)&nbsp;any untrue
statement or alleged untrue statement of a material fact included in any
Prospectus (the term Prospectus for the purpose of this <u>Section&nbsp;8</u>
being deemed to include any Basic Prospectus, the Prospectus Supplement, the
Prospectus and any amendments or supplements to the foregoing), in any
Permitted Free Writing Prospectus, in any &#147;issuer information&#148; (as defined in
Rule&nbsp;433 under the Act) of the Company or in any Prospectus together with
any combination of one or more of the Permitted Free Writing Prospectuses, if
any, or arises out of or is based upon any omission or alleged omission to
state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading, except,
with respect to such Prospectus or Permitted Free Writing Prospectus, insofar
as any such loss, damage, expense, liability or claim arises out of or is based
upon any untrue statement or alleged untrue statement of a material fact
contained in, and in conformity with information concerning such Underwriter
furnished in writing by such Underwriter to the Company expressly for use in
(it being understood and agreed that the only such information furnished by the
Underwriter consists of the information described as such in <u>Section&nbsp;8(g)</u>),
such Prospectus or Permitted Free Writing Prospectus or arises out of or is
based upon any omission or alleged omission to state a material fact in such
Prospectus or Permitted Free Writing Prospectus in connection with such
information, which material fact was not contained in such information and
which material fact was necessary in order to make the statements in such
information, in the light of the circumstances under which they were made, not
misleading.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Underwriter
agrees to indemnify, defend and hold harmless the Company, its directors and
officers, and any person who controls the Company within the meaning of Section&nbsp;15
of the Act or Section&nbsp;20 of the Exchange Act, and the successors and
assigns of all of the foregoing persons, from and against any loss, damage,
expense, liability or claim (including the reasonable cost of investigation)
which, jointly or severally, the Company or any such person may incur under the
Act, the Exchange Act, the common law or otherwise, insofar as such loss,
damage, expense, liability or claim arises out of or is based upon (i)&nbsp;any
untrue statement or alleged untrue statement of a material fact contained in,
and in conformity with information concerning such Underwriter furnished in
writing by such Underwriter to the Company expressly for use in (it being
understood and agreed that the only such information furnished by the
Underwriter consists of the information described as such in <u>Section&nbsp;8(g)</u>),
the Registration Statement (or in the Registration Statement as amended by any
post-effective amendment thereof by the Company), or arises out of or is based
upon any omission or alleged omission to state a material fact in such
Registration Statement in connection with such information, which material fact
was not contained in such information and which material fact was required to
be stated in such Registration Statement or was necessary to make such
information not misleading or (ii)&nbsp;any untrue statement or alleged untrue
statement of a material fact contained in, and in conformity with information
concerning such Underwriter furnished in writing by such Underwriter to the
Company expressly for use in (it being understood and agreed that the only such
information furnished by the Underwriter consists of the information described
as such in <u>Section&nbsp;8(g)</u>), a Prospectus or a Permitted Free Writing
Prospectus, or arises out of or is based upon any omission or alleged omission
to state a material fact in such Prospectus or Permitted Free Writing
Prospectus in connection with such information, which material fact was not
contained in such information and which material fact was necessary in order to
make the statements in such information, in the light of the circumstances
under which they were made, not misleading.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If any action,
suit or proceeding (each, a &#147;<u>Proceeding</u>&#148;) is brought against a person
(an &#147;<u>indemnified party</u>&#148;) in respect of which indemnity may be sought
against the Company or the Underwriter (as applicable, the &#147;<u>indemnifying
party</u>&#148;) pursuant to subsection (a)&nbsp;or (b), respectively, of this <u>Section&nbsp;8</u>,
such indemnified party shall promptly notify such indemnifying party in writing
of the institution of such Proceeding and such indemnifying party shall assume
the defense of such Proceeding, including the employment of counsel reasonably
satisfactory to such indemnified party and payment of all fees and expenses;
provided, however, that the omission to so notify such indemnifying party shall
not relieve such indemnifying party from any liability which such indemnifying
party may have to any indemnified party or otherwise.&#160; The indemnified party or parties shall have
the right to employ its or their own counsel in any such case, but the fees and
expenses of such counsel shall be at the expense of such indemnified party or
parties unless the employment of such counsel shall have been authorized in
writing by the indemnifying party in connection with the defense of such
Proceeding or the indemnifying party shall not have, within a reasonable period
of time in light of the circumstances, employed counsel to defend such
Proceeding or such indemnified party or parties shall have reasonably concluded
that there may be defenses available to it or them which are different from,
additional to or in conflict with those available to such indemnifying party
(in which case such indemnifying party shall not have the right to direct the
defense of such Proceeding on behalf of the indemnified party or parties), in
any of which events such fees and expenses shall be borne by such indemnifying
party and paid as incurred (it being understood, however, that such
indemnifying party shall not be liable for the expenses of more than one
separate counsel (in addition to any local counsel) in any one Proceeding or
series of related Proceedings in the same jurisdiction representing the
indemnified parties who are parties to such Proceeding).&#160; The indemnifying party shall not be liable
for any settlement of any Proceeding effected without its written consent, such
consent not to be unreasonably withheld, but, if settled with its written
consent, such indemnifying party agrees to indemnify and hold harmless the
indemnified party or parties from and against any loss or liability by reason
of such settlement.&#160; Notwithstanding the
foregoing sentence, if at any time an indemnified party shall have requested an
indemnifying party to reimburse the indemnified party for fees and expenses of
counsel as contemplated by the second sentence of this <u>Section&nbsp;8(c)</u>,
then the indemnifying party agrees that it shall be liable for any settlement
of any Proceeding effected without its written consent if (i)&nbsp;such
settlement is entered into more than 60 business days after receipt by such
indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party
shall not have fully reimbursed the indemnified party in accordance with such
request prior to the date of such settlement and (iii)&nbsp;such indemnified
party shall have given the indemnifying party at least 30 days&#146; prior notice of
its intention to settle.&#160; No indemnifying
party shall, without the prior written consent of the indemnified party, effect
any settlement of any pending or threatened Proceeding in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party, unless such settlement includes an
unconditional release of such indemnified party from all liability on claims
that are the subject matter of such Proceeding and does not include an
admission of fault or culpability or a failure to act by or on behalf of such
indemnified party.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If the
indemnification provided for in this <u>Section&nbsp;8</u> is unavailable to an
indemnified party under subsections (a)&nbsp;and (b)&nbsp;of this <u>Section&nbsp;8</u>
or insufficient to hold an indemnified party harmless in respect of any losses,
damages, expenses, liabilities or claims referred to therein, then each
applicable indemnifying party shall contribute to the amount paid or payable by
such indemnified party as a result of such losses, damages, expenses,
liabilities or claims (i)&nbsp;in such proportion as is appropriate to reflect
the relative benefits received by the Company on the one hand and the
Underwriter on the other hand from the offering of the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Securities or (ii)&nbsp;if
the allocation provided by clause (i)&nbsp;above is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i)&nbsp;above but also the relative fault of
the Company on the one hand and of the Underwriter on the other in connection
with the statements or omissions which resulted in such losses, damages,
expenses, liabilities or claims, as well as any other relevant equitable
considerations.&#160; The relative benefits received
by the Company on the one hand and the Underwriter on the other shall be deemed
to be in the same respective proportions as the total proceeds from the
offering (net of underwriting discounts and commissions but before deducting
expenses) received by the Company, and the total underwriting discounts and
commissions received by the Underwriter, bear to the aggregate public offering
price of the Securities.&#160; The relative
fault of the Company on the one hand and of the Underwriter on the other shall
be determined by reference to, among other things, whether the untrue statement
or alleged untrue statement of a material fact or omission or alleged omission
relates to information supplied by the Company or by the Underwriter (it being
understood and agreed that the only such information supplied by the
Underwriter consists of the information described as such in <u>Section&nbsp;8(g)</u>)
and the parties&#146; relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.&#160; The amount paid or payable by a party as a
result of the losses, damages, expenses, liabilities and claims referred to in
this <u>Section&nbsp;8(d)</u>&nbsp;shall be deemed to include any legal or
other fees or expenses reasonably incurred by such party in connection with
investigating, preparing to defend or defending any Proceeding.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company and
the Underwriter agree that it would not be just and equitable if contribution
pursuant to this <u>Section&nbsp;8</u> were determined by pro rata allocation
or by any other method of allocation that does not take account of the
equitable considerations referred to in subsection (d)&nbsp;above.&#160; Notwithstanding the provisions of this <u>Section&nbsp;8</u>,
the Underwriter shall not be required to contribute any amount in excess of the
amount by which the total price at which the Securities underwritten by such
Underwriter and distributed to the public were offered to the public exceeds
the amount of any damage which such Underwriter has otherwise been required to
pay by reason of such untrue statement or alleged untrue statement or omission
or alleged omission.&#160; No person guilty of
fraudulent misrepresentation (within the meaning of Section&nbsp;11(f)&nbsp;of
the Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The indemnity
and contribution agreements contained in this <u>Section&nbsp;8</u> and the
covenants, warranties and representations of the Company contained in this
Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the Underwriter, its partners, directors or officers or
any person (including each partner, director or officer of such person) who
controls the Underwriter within the meaning of Section&nbsp;15 of the Act or Section&nbsp;20
of the Exchange Act, or by or on behalf of the Company, its directors or
officers or any person who controls the Company within the meaning of Section&nbsp;15
of the Act or Section&nbsp;20 of the Exchange Act, and shall survive any
termination of this Agreement or the issuance and delivery of the
Securities.&#160; The Company and the
Underwriter agree promptly to notify each other of the commencement of any
Proceeding against it and, in the case of the Company, against any of the
Company&#146;s officers or directors in connection with the issuance and sale of the
Securities, or in connection with the Registration Statement, any Basic
Prospectus, the Prospectus or any Permitted Free Writing Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 45.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Underwriter
confirms and the Company acknowledges that the statements with respect to the
public offering of the Securities by the Underwriter set forth in the first
paragraph under the subheading &#147;Commissions and Expenses&#148; and in the subheading
</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Stabilization,
Short Positions and Penalty Bids,&#148; each under the heading &#147;Underwriting&#148; in the
Prospectus, constitute the only information concerning the Underwriter and
furnished in writing or otherwise supplied by such Underwriter to the Company
expressly for use in the Registration Statement, the Prospectus or such
Permitted Free Writing Prospectus.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Notices</font></u><font size="2" style="font-size:10.0pt;">.&#160; Except as otherwise herein provided, all
statements, requests, notices and agreements shall be in writing or by telegram
or facsimile and, if to the Underwriter, shall be sufficient in all respects if
delivered or sent to Roth Capital Partners, LLC, 24 Corporate Plaza Drive,&#160; Newport Beach, California, Attention: John
Dalfonsi (fax no.:310-445-5864), with a copy (for informational purposes only)
to Lowenstein Sandler PC, 65 Livingston Avenue, Roseland, New Jersey 07068,
Attention: John D. Hogoboom,&nbsp;Esq. (fax: 973-597-2383); and if to the
Company, shall be sufficient in all respects if delivered or sent to Uranium
Resources,&nbsp;Inc., 405 State Highway Bypass 121, Building A, Suite&nbsp;110,
Lewisville, Texas 75067, Attention:&#160;
Chief Financial Officer (fax: 972-219-3311), with a copy (for
informational purposes only) to Baker&nbsp;&amp; Hostetler LLP, 303 East 17th
Avenue, Suite&nbsp;1100, Denver, Colorado 80203, Attention:&#160; Alfred C. Chidester,&nbsp;Esq. (fax:
303-861-7805).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Governing Law;
Construction</font></u><font size="2" style="font-size:10.0pt;">.&#160; This Agreement
and any claim, counterclaim or dispute of any kind or nature whatsoever arising
out of or in any way relating to this Agreement (&#147;<u>Claim</u>&#148;), directly or
indirectly, shall be governed by, and construed in accordance with, the laws of
the State of New York.&#160; The section
headings in this Agreement have been inserted as a matter of convenience of
reference and are not a part of this Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Submission to
Jurisdiction</font></u><font size="2" style="font-size:10.0pt;">.&#160; Except as
set forth below, no Claim may be commenced, prosecuted or continued in any
court other than the courts of the State of New York located in the City and
County of New York or in the United States District Court for the Southern
District of New York, which courts shall have jurisdiction over the
adjudication of such matters, and the Company and the Underwriter consent to
the jurisdiction of such courts and personal service with respect thereto.&#160; The Company hereby consents to personal
jurisdiction, service and venue in any court in which any Claim arising out of
or in any way relating to this Agreement is brought by any third party against
the Underwriter or any indemnified party.&#160;
The Underwriter and the Company (on its behalf and, to the extent
permitted by applicable law, on behalf of its shareholders and affiliates)
waives all right to trial by jury in any action, proceeding or counterclaim
(whether based upon contract, tort or otherwise) in any way arising out of or
relating to this Agreement.&#160; The Company
agrees that a final judgment in any such action, proceeding or counterclaim
brought in any such court shall be conclusive and binding upon the Company and
may be enforced in any other courts to the jurisdiction of which the Company or
is or may be subject, by suit upon such judgment.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Parties at
Interest</font></u><font size="2" style="font-size:10.0pt;">.&#160; The
Agreement herein set forth has been and is made solely for the benefit of the
Underwriter and the Company and to the extent provided in <u>Section&nbsp;8</u>
hereof the controlling persons, partners, directors and officers referred to in
such <u>Section&nbsp;8</u>, and their respective successors, assigns, heirs,
personal representatives and executors and administrators.&#160; No other person, partnership, association or
corporation (including a purchaser, as such purchaser, from the Underwriter)
shall acquire or have any right under or by virtue of this Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">No Fiduciary
Relationship</font></u><font size="2" style="font-size:10.0pt;">.&#160; The Company
hereby acknowledges that the Underwriter is acting solely as underwriter in
connection with the purchase and sale of the Company&#146;s securities.&#160; The Company further acknowledges that the
Underwriter is acting pursuant to a contractual relationship created solely by
this Agreement entered into on an arm&#146;s length basis, and in no event do the
parties intend that the Underwriter act or be responsible as a fiduciary to the
Company, its management, shareholders or creditors or any other person in
connection with any activity that the Underwriter may undertake or have
undertaken in furtherance of the purchase and sale of the Company&#146;s securities,
either </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">before or after the date hereof.&#160; The Underwriter hereby expressly disclaims
any fiduciary or similar obligations to the Company, either in connection with
the transactions contemplated by this Agreement or any matters leading up to
such transactions, and the Company hereby confirms its understanding and
agreement to that effect.&#160; The Company
and the Underwriter agree that they are each responsible for making their own
independent judgments with respect to any such transactions and that any
opinions or views expressed by the Underwriter to the Company regarding such
transactions, including, but not limited to, any opinions or views with respect
to the price or market for the Company&#146;s securities, do not constitute advice
or recommendations to the Company.&#160; The
Company hereby waives and releases, to the fullest extent permitted by law, any
claims that the Company may have against the Underwriter with respect to any
breach or alleged breach of any fiduciary or similar duty to the Company in
connection with the transactions contemplated by this Agreement or any matters
leading up to such transactions.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Counterparts</font></u><font size="2" style="font-size:10.0pt;">.&#160; This Agreement may be signed by the parties
in one or more counterparts which together shall constitute one and the same
agreement among the parties.&#160; Delivery of
a signed counterpart of this Agreement by facsimile or e-mail/.pdf transmission
shall constitute valid and sufficient delivery thereof, and any counterpart so
delivered shall be binding and valid as if an original.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font size="2" style="font-size:10.0pt;">Successors and
Assigns</font></u><font size="2" style="font-size:10.0pt;">.&#160; This Agreement shall be
binding upon the Underwriter and the Company and their successors and assigns
and any successor or assign of any substantial portion of the Company&#146;s and any
of the Underwriter&#146;s respective businesses and/or assets.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the foregoing correctly sets forth the understanding among the Company
and the Underwriter, please so indicate in the space provided below for that
purpose, whereupon this Agreement and the Underwriter&#146;s acceptance shall
constitute a binding agreement among the Company and the Underwriter.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Very
  truly yours,</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">URANIUM
  RESOURCES,&nbsp;INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Donald C. Ewigleben</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:46.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:
  Donald C. Ewigleben</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:
  President and CEO</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accepted
  and agreed to as of the</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">date
  first above written</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ROTH
  CAPITAL PARTNERS, LLC</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Aaron M. Gurewitz</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:43.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:
  Aaron M. Gurewitz</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:
  Head of Equity Capital Markets</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 27.0pt;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">[SIGNATURE PAGE TO URANIUM
RESOURCES INC. UNDERWRITING AGREEMENT]</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE I</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PERMITTED FREE WRITING PROSPECTUSES</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE II</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PRICING INFORMATION</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Number
of Securities:&#160; 7,150,000</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Public
Offering Price Per Share: $1.16</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Underwriting
Discount Per Share:&#160; $0.058.&#160; The Securities may be offered to certain dealers
selected by the Underwriter at a price that represents a concession not in
excess of $0.029 per share under the Public Offering Price Per Share.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proceeds
to Company (before expenses):&#160; $7,879,300</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE III</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LIST OF OFFICERS, DIRECTORS AND STOCKHOLDERS</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXECUTING LOCK-UP AGREEMENTS</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Paul
K. Willmott</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Donald
C. Ewigleben</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Leland
O. Erdahl</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terence
J. Cryan</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Marvin
K. Kaiser</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard
A. Van Horn</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas
H. Ehrlich</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark S. Pelizza</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Matthew F. Lueras</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;A</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORM&nbsp;OF LOCK-UP AGREEMENT</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;29, 2010</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roth
Capital Partners, LLC</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24
Corporate Plaza Drive</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Newport
Beach, CA 92660</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies
and Gentlemen:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Lock-Up Agreement is being delivered to you in connection with the
proposed Underwriting Agreement (the &#147;<u>Underwriting Agreement</u>&#148;) to be
entered into by Uranium Resources,&nbsp;Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;),
and Roth Capital Partners, LLC (the &#147;<u>Underwriter</u>&#148;), with respect to the
public offering (the &#147;<u>Offering</u>&#148;) of common stock, $0.001 par value, of
the Company (the &#147;<u>Common Stock</u>&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In order to induce you to enter into the Underwriting Agreement, the
undersigned agrees that, for a period (the &#147;<u>Lock-Up Period</u>&#148;) beginning
on the date hereof and ending on, and including, the date that is 60 days after
the date of the final prospectus supplement relating to the Offering, the
undersigned will not, without the prior written consent of the Underwriter,
(i)&nbsp;sell, offer to sell, contract or agree to sell, hypothecate, pledge,
grant any option to purchase or otherwise dispose of or agree to dispose of, directly
or indirectly, or file (or participate in the filing of) a registration
statement with the Securities and Exchange Commission (the &#147;<u>Commission</u>&#148;)
in respect of, or establish or increase a put equivalent position or liquidate
or decrease a call equivalent position within the meaning of Section&nbsp;16 of
the Securities Exchange Act of 1934, as amended, and the rules&nbsp;and
regulations of the Commission promulgated thereunder (the &#147;<u>Exchange Act</u>&#148;)
with respect to, any Common Stock or any other securities of the Company that
are substantially similar to Common Stock, or any securities convertible into
or exchangeable or exercisable for, or any warrants or other rights to
purchase, the foregoing, (ii)&nbsp;enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic
consequences of ownership of Common Stock or any other securities of the
Company that are substantially similar to Common Stock, or any securities
convertible into or exchangeable or exercisable for, or any warrants or other
rights to purchase, the foregoing, whether any such transaction is to be
settled by delivery of Common Stock or such other securities, in cash or
otherwise or (iii)&nbsp;publicly announce an intention to effect any
transaction specified in clause (i)&nbsp;or (ii).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing paragraph shall not apply to (a)&nbsp;the registration of the
offer and sale of Common Stock as contemplated by the Underwriting Agreement
and the sale of the Common Stock to the Underwriter (as defined in the
Underwriting Agreement) in the Offering, (b)&nbsp;bona fide gifts, provided the
recipient thereof agrees in writing with the Underwriter to be bound by the
terms of this Lock-Up Agreement, (c)&nbsp;dispositions to any trust for the
direct or indirect benefit of the undersigned and/or the immediate family of
the undersigned, provided that such trust agrees in writing with the
Underwriter to be bound by the terms of this Lock-Up Agreement, (d)&nbsp;transfers
of Common Stock or securities convertible into Common Stock on death by will or
intestacy, (e)&nbsp;sales or transfers of Common Stock solely in connection
with the &#147;cashless&#148; exercise of Company stock options outstanding on the date
hereof for the purpose of exercising such stock options (provided that any
remaining Common Stock received upon such exercise will be subject to the
restrictions provided for in this Lock-Up Agreement) or (f)&nbsp;sales or
transfers of Common Stock or securities convertible into Common Stock pursuant
to a sales plan entered into prior to the date hereof pursuant to Rule&nbsp;10b5-1
under the Exchange Act, a copy of which has been </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-1<a name="PB_1_201616_9621"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided to the Underwriter.&#160; In
addition, the restrictions sets forth herein shall not prevent the undersigned
from entering into a sales plan pursuant to Rule&nbsp;10b5-1 under the Exchange
Act after the date hereof, <u>provided</u> that (i)&nbsp;a copy of such plan is
provided to the Underwriter promptly upon entering into the same and
(ii)&nbsp;no sales or transfers may be made under such plan until the Lock-Up
Period ends or this Lock-Up Agreement is terminated in accordance with its
terms.&#160; For purposes of this paragraph, &#147;immediate
family&#148; shall mean the undersigned and the spouse, any lineal descendent,
father, mother, brother or sister of the undersigned.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the undersigned hereby waives any rights the undersigned may
have to require registration of Common Stock in connection with the filing of a
registration statement relating to the Offering.&#160; The undersigned further agrees that, for the
Lock-Up Period, the undersigned will not, without the prior written consent of
the Underwriter, make any demand for, or exercise any right with respect to,
the registration of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock, or warrants or other rights to
purchase Common Stock or any such securities.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the above, if (a)&nbsp;during the period that begins on the
date that is fifteen (15) calendar days plus three (3)&nbsp;business days
before the last day of the Lock-Up Period and ends on the last day of the
Lock-Up Period, the Company issues an earnings release or material news or a
material event relating to the Company occurs; or (b)&nbsp;prior to the
expiration of the Lock-Up Period, the Company announces that it will release
earnings results during the sixteen (16) day period beginning on the last day
of the Lock-Up Period, then the restrictions imposed by this Lock-Up Agreement
shall continue to apply until the expiration of the date that is fifteen (15)
calendar days plus three (3)&nbsp;business days after the date on which the
issuance of the earnings release or the material news or material event occurs;
<u>provided</u>, <u>however</u>, that this paragraph shall not apply if
(i)&nbsp;the safe harbor provided by Rule&nbsp;139 under the Act is available
in the manner contemplated by Rule&nbsp;2711(f)(4)&nbsp;of the Financial
Industry Regulatory Authority,&nbsp;Inc. (&#147;<u>FINRA</u>&#148;) and (ii)&nbsp;within
the 3 business days preceding the 15</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font><font size="2" style="font-size:10.0pt;">&#160;calendar day
before the last day of the Lock-Up Period, the Company delivers (in accordance
with Section&nbsp;9 of the Underwriting Agreement) to the Underwriter a
certificate, signed by the Chief Financial Officer or Chief Executive Officer
of the Company, certifying on behalf of the Company that the Company&#146;s shares
of Common Stock are &#147;actively traded securities,&#148; within the meaning of
Rule&nbsp;2711(f)(4)&nbsp;of the NASD.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned hereby confirms that the undersigned has not, directly or
indirectly, taken, and hereby covenants that the undersigned will not, directly
or indirectly, take, any action designed, or which has constituted or will
constitute or might reasonably be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of shares of Common Stock.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-2<a name="PB_2_201631_8715"></a></font></p>

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</div>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If (i)&nbsp;the Company notifies you in writing that it does not intend to
proceed with the Offering, (ii)&nbsp;the registration statement filed with the
Commission with respect to the Offering is withdrawn, (iii)&nbsp;if the closing
of the Offering does not occur prior to ninety (90) days from the date of this
Lock-Up Agreement or (iv)&nbsp;for any reason the Underwriting Agreement shall
be terminated prior to the Time of Purchase (as defined in the Underwriting
Agreement), this Lock-Up Agreement shall be terminated and the undersigned
shall be released from its obligations hereunder.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours
  very truly,</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-3<a name="PB_3_201659_563"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;B</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORM&nbsp;OF OPINION OF BAKER&nbsp;&amp; HOSTETLER LLP</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
used herein, (A)&nbsp;&#147;<u>Disclosure Package</u>&#148; means the Basic Prospectus,
together with any Permitted Free Writing Prospectuses and the Pricing
Information, (B)&nbsp;&#147;<u>Applicable Time</u>&#148; means 8:45&nbsp;a.m., New York
time, on October&nbsp;29, 2010 and (C)&nbsp;&#147;<u>Pricing Information</u>&#148; means
the information set forth on Schedule II to the Underwriting Agreement.&#160; Capitalized terms used herein without
definition shall have the respective meanings ascribed to them in the
Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company is
a corporation validly existing and in good standing under the laws of the State
of Delaware, with full corporate power and authority to own, lease and operate
its properties and conduct its business as described in the Registration
Statement, the Prospectus and any Permitted Free Writing Prospectuses, to
execute and deliver the Underwriting Agreement and to perform its obligations
thereunder, including, without limitation, to issue, sell and deliver the
Securities as contemplated by the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company is
duly qualified to do business as a foreign corporation and is in good standing
in each jurisdiction where the ownership or leasing of its properties or the
conduct of its business requires such qualification, except where the failure
to be so qualified and in good standing would not, individually or in the
aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company has
an authorized and outstanding capitalization as set forth in the Registration
Statement and the Prospectus (and any similar sections or information, if any,
contained in any Permitted Free Writing Prospectus); all of the issued and
outstanding shares of capital stock of the Company have been duly authorized
and validly issued, are fully paid and non-assessable and are free of statutory
preemptive rights, and, to our knowledge, contractual preemptive rights, resale
rights, rights of first refusal and similar rights.&#160; The Securities have been duly authorized and
when issued and delivered in accordance with the Underwriting Agreement against
payment of the consideration therefor specified in the Underwriting Agreement,
will be validly issued, fully paid and non-assessable.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Securities
are duly listed, and admitted and authorized for trading, on the NASDAQ Capital
Market.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The capital
stock of the Company, including the Securities, conforms in all material
respects to the description thereof, if any, contained in the Registration
Statement, the Prospectus and any Permitted Free Writing Prospectuses.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each of the
Subsidiaries has been duly incorporated or organized and is validly existing as
a corporation or other entity in good standing under the laws of the
jurisdiction of incorporation or formation, with full corporate, limited
liability company or partnership power and authority to own, lease and operate
its properties and conduct its business as described in the Registration
Statement, the Prospectus and any Permitted Free Writing Prospectuses.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1<a name="PB_1_201753_536"></a></font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each of the
Subsidiaries is duly qualified to do business as a foreign corporation or other
entity and is in good standing in each jurisdiction where the ownership or
leasing of its properties or the conduct of its business requires such
qualification, except where the failure to be so qualified and in good standing
would not, individually or in the aggregate, have a Material Adverse Effect.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No approval by
the stockholders of the Company is required in connection with the issuance and
sale of the Securities or with the consummation by the Company of the
transactions contemplated by the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
Underwriting Agreement has been duly authorized, executed and delivered by the
Company.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
Registration Statement and the Prospectus (except as to the financial
statements and schedules, and other financial and statistical data derived
therefrom, contained in the Registration Statement and the Prospectus, as to
which we express no opinion) comply as to form in all material respects with
the requirements of the Act (including, in the case of the Prospectus, Section&nbsp;10(a)&nbsp;of
the Act); the conditions to the use of Form&nbsp;S-3 in connection with the
offering and sale of the Securities as contemplated by the Underwriting
Agreement have been satisfied; the Registration Statement meets, and the
offering and sale of the Securities as contemplated by the Underwriting
Agreement complies with, the requirements of Rule&nbsp;415 under the Act; and
each Incorporated Document, at the time such document was filed with the
Commission or at the time such document became effective, as applicable,
complied as to form in all material respects with the requirements of the
Exchange Act (except as to the financial statements and schedules, and other
financial and statistical data derived therefrom, contained in such document,
as to which we express no opinion).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">To our
knowledge, the Company is not an &#147;ineligible issuer&#148; (as defined in
Rule&nbsp;405 under the Act) as of the eligibility determination date for
purposes of Rules&nbsp;164 and 433 under the Act with respect to the offering
of the Securities contemplated by the Registration Statement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
Registration Statement has become effective under the Act and, to our
knowledge, no stop order proceedings with respect thereto are pending or
threatened under the Act, and any required filing of the Prospectus and any
supplement thereto pursuant to Rule&nbsp;424 or Rule&nbsp;430B under the Act
has been made in the manner and within the time period required by such
Rule&nbsp;424 and in compliance with Rule&nbsp;430B under the Act.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No approval,
authorization, consent or order under any federal law, the laws of the State of
New York or under the laws of the State of Delaware or approval, authorization,
consent of or filing with any U.S. Federal, New York or Delaware governmental
or regulatory commission, board, body, authority or agency is required in
connection with the issuance and sale of the Securities or with the
consummation by the Company of the transactions contemplated by the
Underwriting Agreement (except that we express no opinion as to any necessary
qualification under the state securities or blue sky laws of the various
jurisdictions in which the Securities are being offered by the Underwriter and
we express no opinion with respect to the Conduct Rules&nbsp;of FINRA).</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-2<a name="PB_2_201758_5926"></a></font></p>

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</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The execution,
delivery and performance of the Underwriting Agreement by the Company, the
issuance and sale of the Securities, and the consummation of the transactions
contemplated by the Underwriting Agreement do not and will not result in any
breach or violation of or constitute a default under, nor constitute any event
which, with notice, lapse of time, or both, would result in any breach or
violation of, or constitute a default under, or give rise to any right of
termination, cancellation or acceleration under, or result in the creation or
imposition of a lien, charge or encumbrance on any property or assets of the
Company or any Subsidiary pursuant to (i)&nbsp;the charter or bylaws of the
Company or any of the Subsidiaries, or (ii)&nbsp; any indenture, mortgage, deed
of trust, bank loan or credit agreement or other evidence of indebtedness, or
any license, lease, contract or other agreement or instrument, which is filed
as an exhibit to the Registration Statement or any Incorporated Document,
except that we express no opinion with respect to the compliance with financial
covenants or tests, or (iii)&nbsp;federal laws, the laws of the State of New
York or the laws of the State of Delaware, or (iv)&nbsp;any decree, judgment or
order applicable to the Company or any of the Subsidiaries or any of their
respective properties, which decree, judgment or order is known to us.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">To our
knowledge, there are no contracts, licenses, agreements, leases or documents of
a character which are required to be described in the Registration Statement
and the Prospectus or to be filed as an exhibit to the Registration Statement
or any Incorporated Document which have not been so described or filed as
required.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Neither the
Company nor any Subsidiary is and, after giving effect to the offering and sale
of the Securities and the application of the proceeds thereof as described in
the Prospectus Supplement, neither will be, an &#147;investment company&#148; or an
entity &#147;controlled&#148; by an &#147;investment company,&#148; as such terms are defined in
the Investment Company Act.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No person,
pursuant to the terms of any contract, agreement or other instrument described
in or filed as an exhibit to the Registration Statement or any Incorporated
Document or otherwise known to us, has (i)&nbsp;the right to cause the Company
to register under the Act any shares of Common Stock or shares of any other
capital stock or other equity interest in the Company or to include any such
shares or interest in the Registration Statement or the offering contemplated
thereby or (ii)&nbsp;a preemptive, first refusal, or similar right with respect
to any shares of Common Stock or shares of any other capital stock or other
equity interest in the Company.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">To our
knowledge, the Company is not a party to any legal or governmental action or
proceeding that challenges the validity or enforceability, or seeks to enjoin
the performance, of the Underwriting Agreement; and, to our knowledge, there
are no actions, suits, claims, investigations or proceedings pending,
threatened or contemplated to which the Company or any of the Subsidiaries or
any of their respective directors or officers is or would be a party or to
which any of their respective properties is or would be subject at law or in
equity, before or by any federal, state, local or foreign governmental or
regulatory commission, board, body, authority or agency which are required to
be described in the Registration Statement and the Prospectus but are not so
described as required.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:71.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The information
in the Registration Statement and the Prospectus under the headings &#147;Description
of Securities We Are Offering&#148; and &#147;Underwriting,&#148; insofar as such </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-3<a name="PB_3_201802_4688"></a></font></p>

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</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">statements constitute a summary of documents or
matters of law, and those statements in the Registration Statement and the
Prospectus that are descriptions of contracts, agreements or other legal
documents or of legal proceedings, or refer to statements of law or legal
conclusions, are accurate in all material respects and present fairly the
information required to be shown.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-4<a name="PB_4_201805_2983"></a></font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;C</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORM&nbsp;OF OFFICERS&#146; CERTIFICATE</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of the undersigned, Donald C.
Ewigleben, President, Chief
Executive Officer, Chief Operating Officer and Director of Uranium
Resources,&nbsp;Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;), and Thomas
H. Ehrlich, Vice President and Chief
Financial Officer of the Company, on behalf of the Company, does hereby
certify on behalf of the Company pursuant to Section&nbsp;6(h)&nbsp;of that
certain Underwriting Agreement dated October&nbsp;29, 2010 (the &#147;<u>Underwriting
Agreement</u>&#148;) between the Company and Roth Capital Partners, LLC that as of
the date hereof:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">He has reviewed
the Registration Statement, the Disclosure Package and the Prospectus.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
representations and warranties of the Company as set forth in the Underwriting
Agreement are true and correct as of the date hereof and as if made on the date
hereof.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company has
performed all of its obligations under the Underwriting Agreement as are to be
performed at or before the date hereof.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The conditions
set forth in paragraph (f)&nbsp;of Section&nbsp;6 of the Underwriting Agreement
have been met.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capitalized terms used herein without definition shall have the respective
meanings ascribed to them in the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF, the undersigned have hereunto set their hands on this
3rd day of November, 2010.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Donald C. Ewigleben</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President,
  Chief Executive Officer, Chief
  Operating Officer and Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas
  H. Ehrlich</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President and Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-1<a name="PB_1_202020_6228"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='C-1',FILE='C:\JMS\105918\10-20083-3\task4333540\20083-3-mo-09.htm',USER='105918',CD='Oct 30 20:31 2010' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;D</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORM&nbsp;OF SECRETARY&#146;S CERTIFICATE</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reference
is hereby made to the Underwriting Agreement (the &#147;<u>Underwriting Agreement</u>&#148;),
dated October&nbsp;29, 2010, by and between Roth Capital Partners, LLC and
Uranium Resources,&nbsp;Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;).&#160; Capitalized terms used and not defined herein
shall the meanings ascribed to them in the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I,
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;],
in my capacity as Secretary of the Company, do hereby certify on behalf of the
Company that:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Attached hereto
as <u>Annex A</u> is a full, true and correct copy of the Amended and Restated
Certificate of Incorporation of the Company and each amendment thereto since
the date thereof (the &#147;<u>Certificate</u>&#148;)
as in full force and effect on the date hereof.&#160;
Except as provided in the Certificate, no amendment to the Certificate
has been approved by the Board of Directors of the Company (the &#147;<u>Board</u>&#148;) or stockholders of the
Company to effect or authorize any further amendment or modification thereto or
in contemplation of the liquidation or dissolution of the Company prior to the
consummation of the transactions contemplated by the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Attached hereto
as <u>Annex&nbsp;B</u> is a full, true and correct copy of the By-laws of the
Company as in full force and effect on the date hereof.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Attached hereto
as <u>Annexes&nbsp;C-1</u> and <u>C-2</u> are full, true and correct copies of
resolutions duly adopted by the Board on (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
with respect to the filing of the Registration Statement (as defined below) and
(ii)&nbsp;on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
with respect to the transactions contemplated by the Underwriting
Agreement.&#160; Such resolutions have not been
amended, rescinded, or modified since their adoption and remain in full force
and effect as of the date hereof, and are the only resolutions adopted by the
Board or by any committee of or designated by the Board or the Pricing
Committee relating to the authorization and ratification of all necessary
corporate action, as the case may be, taken and to be taken by the Company in
connection with the Registration Statement on Form&nbsp;S-3 (File No.&nbsp;333-166647)
(the &#147;<u>Registration Statement</u>&#148;),
the Underwriting Agreement and the transactions contemplated by the
Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Underwriting
Agreement, as executed and delivered by the Company, is substantially in the
form approved by the Board at a duly held meeting.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Each person
who, as a director or officer of the Company or as attorney-in-fact of a
director or officer of the Company, signed (i)&nbsp;the Registration Statement,
including any amendments thereto (the &#147;<u>Amendments</u>&#148;), (ii)&nbsp;the
Underwriting Agreement, or (iii)&nbsp;any other document delivered in
connection with the sale and offering of the Securities and the closing related
thereto was duly elected or appointed, qualified and acting as such director or
officer at the respective times of the signing and delivery thereof and was
duly authorized to sign such document on behalf of the Company, and the
signature of each such person appearing on each such document is the genuine
signature of such director or officer.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The signed
copies of the Registration Statement and the Amendments, including (i)&nbsp;the
consents and accountants&#146; reports contained therein and (ii)&nbsp;all exhibits
filed therewith, </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-1<a name="PB_1_202036_6479"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='D-1',FILE='C:\JMS\105918\10-20083-3\task4333540\20083-3-mo-09.htm',USER='105918',CD='Oct 30 20:31 2010' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt 71.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">previously
furnished to Roth Capital Partners, LLC or its counsel are true, complete and
correct copies.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The minute
books, records, and other documents of the Company relating to all proceedings
of the stockholders and the Board made available to Baker&nbsp;&amp; Hostetler
LLP and Lowenstein Sandler PC are true, correct and complete in all material
respects and there have been no material changes, additions or alterations in
said minute books as provided or made available to Baker&nbsp;&amp; Hostetler
LLP and Lowenstein Sandler PC that have not been disclosed to those parties in
writing.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Baker&nbsp;&amp;
Hostetler LLP and Lowenstein Sandler PC are entitled to rely on this
certificate in connection with the opinion each firm is rendering pursuant to
the Underwriting Agreement.</font></p>

<p style="margin:0in 0in .0001pt 71.25pt;text-indent:-35.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Signature page&nbsp;follows]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-2<a name="PB_2_202047_2639"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='D-2',FILE='C:\JMS\105918\10-20083-3\task4333540\20083-3-mo-09.htm',USER='105918',CD='Oct 30 20:31 2010' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN
WITNESS WHEREOF,&nbsp;I have signed this certificate by and on behalf of the
Company this the 3rd day of November, 2010.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">URANIUM
  RESOURCES,&nbsp;INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:43.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I,
Donald C. Ewigleben, President, Chief Executive Officer, Chief Operating
Officer and Director of the Company, do hereby certify that [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
is the duly elected, qualified and acting Secretary of the Company, and the
signature set forth above is his true and genuine signature.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">URANIUM
  RESOURCES,&nbsp;INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="44%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:44.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Donald
  C. Ewigleben</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President,
  Chief Executive Officer,</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief
  Operating Officer and Director</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-3<a name="PB_3_202314_2794"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<TYPE>EX-99.1
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<DESCRIPTION>EX-99.1
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<body lang="EN-US">

<div>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="290" height="102" src="g200833mmi001.jpg" alt="GRAPHIC"></font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NEWS RELEASE</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">405
State Highway 121 Bypass</font></b></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Building
A, Suite&nbsp;110</font></b></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lewisville
TX&#160; 75067</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investor Contact:</font></b></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Company
  Contact:</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Deborah K. Pawlowski</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Don
  Ewigleben</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kei Advisors LLC</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President&nbsp;&amp;
  Chief Executive Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Phone: 716.843.3908</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Phone:
  972.219.3330</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Email: dpawlowski@keiadvisors.com</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Media Contact:</font></b></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April&nbsp;Wade</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ph: 505.440.9441</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-mail:
  awade@uraniumresources.com</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Uranium Resources,&nbsp;Inc. Prices Common Stock Offering</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEWISVILLE,
TX, October&nbsp;29, 2010 &#151; Uranium Resources,&nbsp;Inc. (NASDAQ:&#160; URRE) (&#147;URI&#148;) announced today that it has
priced an underwritten registered offering of 7,150,000 shares of common stock
at a price of $1.16 per share.&#160; Net
proceeds to the Company, after deducting underwriting discounts and commissions,
will be approximately $7.9 million.&#160;
Proceeds will be used for general corporate purposes and to fund
potential future acquisitions.&#160; The
offering is expected to close on November&nbsp;3, 2010, subject to customary
closing conditions.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ROTH
Capital Partners is acting as the sole manager of the offering.&#160; URI has also granted the underwriters a
30-day option to purchase up to an additional 1,072,500 shares of common stock
on the same terms and conditions to cover over-allotments, if any.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
offering was the second draw down made pursuant to a shelf registration
statement on Form&nbsp;S-3 filed with the Securities and Exchange Commission on
May&nbsp;7, 2010, which became effective on May&nbsp;21, 2010.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Copies
of the final prospectus supplement will be filed with the Securities and
Exchange Commission (the &#147;SEC&#148;) and, when available, may be obtained by
visiting the SEC Web site at www.sec.gov, or by contacting:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roth
Capital Partners<b>  </b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By
Email: &nbsp;&nbsp;rothecm@roth.com</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By
Fax: &nbsp;&nbsp;&nbsp;&nbsp;949.720.7227</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Or
by mail:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24
Corporate Plaza Drive</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Newport
Beach, CA 92660</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTN:
Equity Capital Markets</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About Uranium Resources,&nbsp;Inc.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uranium
Resources Inc. explores for, develops and mines uranium.&#160; Since its incorporation in 1977, URI has
produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in
the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- MORE -</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">state
of Texas where the Company currently has ISR mining projects.&#160; URI also has 183,000 acres of uranium mineral
holdings and 101.4 million pounds of in-place mineralized uranium material in
New Mexico, as well as a NRC license to produce up to 1 million pounds of
uranium.&#160; The Company acquired these
properties over the past 20 years along with an extensive information database
of historic mining logs and analysis.&#160;
None of URI&#146;s properties is currently in production.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">URI&#146;s
strategy is to fully exploit its resource base in New Mexico and Texas, expand
its asset base both within and outside of New Mexico and Texas, partner with
larger mining companies that have undeveloped uranium or with junior mining
companies that do not have the mining experience of URI, as well as provide
restoration expertise to those that require the capability or lack the
proficiency.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uranium
Resources routinely posts news and other information about the Company on its
Web site at www.uraniumresources.com.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Safe Harbor Statement </font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This
press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.&#160; Forward-looking statements are subject to
risks, uncertainties and assumptions and are identified by words such as &#147;expects,&#148;
&#147;estimates,&#148; &#147;projects,&#148; &#147;anticipates,&#148; &#147;believes,&#148; &#147;could,&#148; and other similar
words.&#160; All statements addressing
operating performance, events, or developments that the Company expects or
anticipates will occur in the future, including but not limited to statements
relating to the Company&#146;s mineralized uranium materials, timing of receipt of
mining permits, production capacity of mining operations planned for properties
in South Texas and New Mexico, planned dates for commencement of production at
such properties, revenue, cash generation and profits are forward-looking
statements. Because they are forward-looking, they should be evaluated in light
of important risk factors and uncertainties. These risk factors and
uncertainties include, but are not limited to, the spot price and long-term
contract price of uranium, weather conditions, operating conditions at the
Company&#146;s mining projects, government regulation of the mining industry and the
nuclear power industry, world-wide uranium supply and demand, availability of
capital, timely receipt of mining and other permits from regulatory agents and
other factors which are more fully described in the Company&#146;s documents filed
with the Securities and Exchange Commission.&#160;
Should one or more of these risks or uncertainties materialize, or
should any of the Company&#146;s underlying assumptions prove incorrect, actual
results may vary materially from those currently anticipated. In addition,
undue reliance should not be placed on the Company&#146;s forward-looking
statements. Except as required by law, the Company disclaims any obligation to
update or publicly announce any revisions to any of the forward-looking
statements contained in this press release.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">###</font></p>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
99.2</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RISK FACTORS</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You
should carefully consider the general discussion of risk factors set forth in
the material set forth under the caption &#147;Business&#151;Risk Factors&#148; in our
Form&nbsp;10-K for the fiscal year ending December&nbsp;31, 2009, and any
amendments thereto, before making your investment decision, as well as those
contained in any filing with the SEC subsequent to the date of this prospectus.
Those risks are not the only risks we face. Additional risks that we do not yet
know of or that we currently judge to be immaterial may also impair our
business operations. If any of the events or circumstances described in the
aforementioned risks or other material actually occurs, our business, financial
condition or results of operations could be materially adversely affected. In
such case, the trading price of our Common Stock could decline, and you may
lose all or part of your investment.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The factors identified below are important factors (but not necessarily
all of the important factors) that could cause actual results to differ
materially from those expressed in any forward-looking statement made by, or on
behalf of, the Company. Where any such forward-looking statement includes a
statement of the assumptions or bases underlying such forward-looking statement,
we caution that, while we believe such assumptions or bases to be reasonable
and make them in good faith, assumed facts or bases almost always vary from
actual results, and the differences between assumed facts or bases and actual
results can be material, depending upon the circumstances. Where, in any
forward-looking statement, the Company, or its management, expresses an
expectation or belief as to the future results, such expectation or belief is
expressed in good faith and believed to have a reasonable basis, but there can
be no assurance that the statement of expectation or belief will result, or be
achieved or accomplished. Taking into account the foregoing, the following are
identified as important risk factors</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-1<a name="PB_1_005448_7056"></a></font></p>

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</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">that
could cause actual results to differ materially from those expressed in any
forward-looking statement made by, or on behalf of, the Company.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">General
Risks and Uncertainties</font></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Operations history</font></i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In South Texas, our Vasquez project was mined out in 2008 and is now
being restored. Rosita production was shut-in in October&nbsp;2008 due to
depressed pricing and technical challenges in the first new wellfield that made
mining uneconomical. The decline in uranium prices throughout 2008 also led to
a decision in October&nbsp;2008 to defer new wellfield development at Rosita
and Kingsville Dome. Production continued in two existing wellfields at
Kingsville Dome and was completed in July&nbsp;2009. The Company has not had
any operating mines in Texas since that time, and does not plan to return to
production until uranium prices recover.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In New Mexico, the Churchrock project has been delayed due to depressed
uranium prices and by a lawsuit to determine whether the U.S. Environmental
Protection Agency or the State of New Mexico has the jurisdiction to issue
Underground Injection Control program permits required for our mining
operations. On June&nbsp;15, 2010 the United States Court of Appeals for the
Tenth Circuit en banc held that the Company&#146;s Section&nbsp;8 property in
Churchrock, New Mexico is not Indian Country, the result of which is that the
authority to issue an Underground Injection Control permit to the Company falls
under the jurisdiction of the State of New Mexico, and not the U.S.
Environmental Protection Agency. No petitions for certiorari to the U.S.
Supreme Court were filed by the September&nbsp;13, 2010 deadline. The ruling
will enable the Company to seek to renew the Underground Injection Control
permit that it had been granted by the State of New Mexico in 1989.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Liquidity</font></i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our highest priority is to maintain a positive cash position while we
await the return of the uranium market and improved prices. Production ceased
in the second quarter of 2009 when it was determined that the best economic
decision for stockholders given the price of uranium at the time was to
preserve our assets until appropriate margins could be obtained.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On September&nbsp;29, 2010, in connection with the legal action
initiated in June&nbsp;2008 titled, <i>Saenz v.
URI Inc.</i>, we entered into a settlement agreement under which we will
pay to plaintiffs $1.375 million in cash which includes amounts for prior
royalties that the plaintiffs had previously rejected. The payment of this
settlement is subject to execution of amendments to the related leases and to
documentation of other aspects of the settlement and dismissal of the suit and
is expected to be made in November&nbsp;2010.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We had $6.1 million in cash at December&nbsp;31, 2009 and $10.5 million
at September&nbsp;30, 2010. As of December&nbsp;31, 2009 the Company had sold
its entire uranium inventory and as such, we do not expect any additional sales
revenue or related cash inflows for the Company in 2010. The Company raised
additional capital in June&nbsp;and July&nbsp;2010 through an underwritten
public offering. Under the transactions, a total of 27,142,830 shares of common
stock were sold in the offering with net proceeds of approximately $10.1
million, after deducting underwriting discounts and commissions and estimated
offering expenses.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company expects that its existing cash, together with the net
proceeds of this offering, will provide sufficient liquidity into 2012. At such
time, additional sources of cash will be required to maintain our liquidity.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-2<a name="PB_2_005510_5335"></a></font></p>

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</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">We are not
producing uranium at this time, nor do we expect to begin production in the
near future unless uranium prices recover to a profitable level. As a result,
we currently have no source of operating cash. If we cannot monetize certain
existing Company assets, partner with another Company that has cash resources,
find other means of generating revenue other than uranium production and/or
have the ability to access additional sources of private or public capital we
may not be able to remain in business.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We will not commence production at our existing properties until
uranium prices recover to a profitable level. Until uranium prices recover we
will have no way to generate cash inflows unless we monetize certain Company
assets or find other means to generate cash. In addition, our Vasquez project
has been depleted of its economically recoverable reserves and our Rosita and
Kingsville Dome projects have limited identified economically recoverable
reserves. Our future uranium production, cash flow and income are dependent
upon our ability to bring on new, as yet unidentified wellfields and to acquire
and develop additional reserves. We can provide no assurance that our
properties will be placed into production or that we will be able to continue
to find, develop, acquire and finance additional reserves.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Our ability to
function as an operating mining company will be dependent on our ability to
mine our properties at a profit sufficient to finance further mining activities
and for the acquisition and development of additional properties. The
volatility of uranium prices makes long-range planning uncertain and raising
capital difficult.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to ceasing all production, we have deferred all activities
for delineation and development of new wellfields at our South Texas projects.
We will be required to take certain significant actions before we could resume
production should uranium prices improve suddenly. Our ability to operate on a
positive cash flow basis will be dependent on mining sufficient quantities of uranium
at a profit sufficient to finance our operations and for the acquisition and
development of additional mining properties. Any profit will necessarily be
dependent upon, and affected by, the long and short term market prices of
uranium, which are subject to significant fluctuation. Uranium prices have been
and will continue to be affected by numerous factors beyond our control. These
factors include the demand for nuclear power, political and economic conditions
in uranium producing and consuming countries, uranium supply from secondary
sources and uranium production levels and costs of production. A significant,
sustained drop in uranium prices may make it impossible to operate our business
at a level that will permit us to cover our fixed costs or to remain in
operation.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">We face risks
related to exploration and development, if warranted, on our properties.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our ability to operate profitably depends to a great degree on uranium
prices and whether any of our exploration stage properties can be brought into
production. The exploration for and development of uranium deposits involves
significant risks. It is impossible to ensure that the current and future
exploration programs and/or feasibility studies on our existing properties will
establish reserves. Whether a uranium ore body will be commercially viable
depends on a number of factors, including, but not limited to: the particular
attributes of the deposit, such as size, grade and proximity to infrastructure;
uranium prices, which cannot be predicted and which have been highly volatile
in the past; mining, processing and transportation costs; perceived levels of
political risk and the willingness of lenders and investors to provide project
financing; labor costs and possible labor strikes; and governmental
regulations, including, without limitation, regulations relating to prices,
taxes, royalties, land tenure, land use, importing and exporting materials,
foreign exchange, environmental protection, employment, worker safety,
transportation, mining and reclamation and closure obligations. Most
exploration projects do not result in the discovery of commercially mineable
deposits of uranium and there can be no assurance that any of our exploration
stage properties will be commercially mineable or can be brought into
production.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-3<a name="PB_3_005526_5796"></a></font></p>

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</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The only market
for uranium is nuclear power plants world-wide, and there are a limited number
of customers.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are dependent on a limited number of electric utilities that buy uranium
for nuclear power plants. Because of the limited market for uranium, a
reduction in purchases of newly produced uranium by electric utilities for any
reason (such as plant closings) would adversely affect the viability of our
business. </font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The price of
alternative energy sources affects the demand for and price of uranium.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The attractiveness of uranium as an alternative fuel to generate
electricity may to some degree be dependent on the relative prices of oil, gas,
coal and hydro-electricity and the possibility of developing other low cost
sources for energy. If the price of alternative energy sources decreases or new
low-cost alternative energy sources are developed, the demand for uranium could
decrease, which may result in the decrease in the price of uranium.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Public acceptance
of nuclear energy is uncertain.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maintaining the demand for uranium at current levels and any future
growth in demand will depend upon acceptance of nuclear technology as a means
of generating electricity. Lack of public acceptance of nuclear technology
would adversely affect the demand for nuclear power and potentially increase
the regulation of the nuclear power industry.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">We may not be
able to mine a substantial portion of our uranium in New Mexico until a mill is
built in New Mexico.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A substantial portion of our uranium in New Mexico lends itself most
readily to conventional mining methods and may not be able to be mined unless a
mill is built in New Mexico. We have no immediate plans to build, nor are we
aware of any third party&#146;s plan to build, a mill in New Mexico and there can be
no guaranty that a mill will be built. In the event that a mill is not built a
substantial portion of our uranium may not be able to be mined. Our inability
to mine all or a portion of our uranium in New Mexico would have a material
adverse effect on future operations.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Itochu elected to
terminate our Joint Venture with them for the development of the Churchrock
Property and we do not have a committed source of financing for the development
of our Churchrock Property.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On December&nbsp;5, 2006, HRI-Churchrock,&nbsp;Inc., a wholly owned
subsidiary of the Company, entered into a joint venture with a wholly owned
subsidiary of Itochu Corporation to develop jointly our Churchrock property in
New Mexico. Under the terms of the joint venture, both parties had until
April&nbsp;2, 2007 to make a preliminary investment decision whether to move
forward with the joint venture. The parties agreed to extend that date to
March&nbsp;2, 2009. On March&nbsp;6, 2009, we received notification that Itochu
had elected to terminate the Joint Venture. As a result, we no longer have a
committed source of financing for the development of our Churchrock property.
There can be no assurance that we will be able to obtain financing for this
project. Our inability to develop the Churchrock property would have a material
adverse effect on our future operations.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Our operations
are subject to environmental risks.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are required to comply with environmental protection laws and
regulations and permitting requirements, and we anticipate that we will be
required to continue to do so in the future. We have expended significant
resources, both financial and managerial, to comply with environmental
protection laws, regulations and permitting requirements and we anticipate that
we will be required to continue to do so in the future. The material laws and
regulations within the U.S. with which the Company must comply, include the
Atomic Energy Act, Uranium Mill Tailings Radiation Control Act of 1978, or</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-4<a name="PB_4_005559_2897"></a></font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UMTRCA,
Clean Air Act, Clean Water Act, Safe Drinking Water Act, Federal Land Policy
Management Act, National Park System Mining Regulations Act, and the State
Mined Land Reclamation Acts or State Department of Environmental Quality
regulations, as applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are required to comply with the Atomic Energy Act, as amended by
UMTRCA, by applying for and maintaining an operating license from the NRC and
the state of Texas. Uranium operations must conform to the terms of such
licenses, which include provisions for protection of human health and the
environment from endangerment due to radioactive materials. The licenses
encompass protective measures consistent with the Clean Air Act and the Clean
Water Act. We intend to utilize specific employees and consultants in order to
comply with and maintain our compliance with the above laws and regulations.
Mining operations may be subject to other laws administered by the federal
Environmental Protection Agency and other agencies.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The uranium industry is subject not only to the worker health and
safety and environmental risks associated with all mining businesses, but also
to additional risks uniquely associated with uranium mining and milling. The
possibility of more stringent regulations exists in the areas of worker health
and safety, storage of hazardous materials, standards for heavy equipment used
in mining or milling, the disposition of wastes, the decommissioning and
reclamation of exploration, mining and in-situ sites, climate change and other
environmental matters, each of which could have a material adverse effect on
the cost or the viability of a particular project.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We cannot predict what environmental legislation, regulation or policy
will be enacted or adopted in the future or how future laws and regulations
will be administered or interpreted. The recent trend in environmental
legislation and regulation, generally, is toward stricter standards, and this
trend is likely to continue in the future. This recent trend includes, without
limitation, laws and regulations relating to air and water quality, mine
reclamation, waste handling and disposal, the protection of certain species and
the preservation of certain lands. These regulations may require the
acquisition of permits or other authorizations for certain activities. These
laws and regulations may also limit or prohibit activities on certain lands.
Compliance with more stringent laws and regulations, as well as potentially
more vigorous enforcement policies or stricter interpretation of existing laws,
may necessitate significant capital outlays, may materially affect our results
of operations and business or may cause material changes or delays in our
intended activities.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our operations may require additional analysis in the future including
environmental, cultural and social impact and other related studies. Certain
activities require the submission and approval of environmental impact
assessments. Environmental assessments of proposed projects carry a heightened
degree of responsibility for companies and directors, officers, and employees.
We cannot provide assurance that we will be able to obtain or maintain all
necessary permits that may be required to continue our operation or our
exploration of our properties or, if feasible, to commence development,
construction or operation of mining facilities at such properties on terms
which enable operations to be conducted at economically justifiable costs. If
we are unable to obtain or maintain permits or water rights for development of
our properties or otherwise fail to manage adequately future environmental
issues, our operations could be materially and adversely affected.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Because mineral
exploration and development activities are inherently risky, we may be exposed
to environmental liabilities and other dangers. If we are unable to maintain
adequate insurance, or liabilities exceed the limits of our insurance policies,
we may be unable to continue operations.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The business of mineral exploration and extraction involves a high
degree of risk. Few properties that are explored are ultimately developed into
production. Unusual or unexpected formations, formation pressures, fires, power
outages, labor disruptions, flooding, explosions, cave-ins, landslides and the
inability to obtain suitable or adequate machinery, equipment or labor are
other risks involved in extraction operations and the conduct of exploration
programs. Previous mining operations may have</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-5<a name="PB_5_005633_3020"></a></font></p>

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</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">caused
environmental damage at certain of our properties. It may be difficult or
impossible to assess the extent to which such damage was caused by us or by the
activities of previous operators, in which case, any indemnities and exemptions
from liability may be ineffective. If any of our properties are found to have
commercial quantities of uranium, we would be subject to additional risks
respecting any development and production activities.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although we carry liability insurance with respect to our mineral
exploration operations, we may become subject to liability for damage to life
and property, environmental damage, cave-ins or hazards against which we cannot
insure or against which we may elect not to insure because of cost or other
business reasons. In addition, the insurance industry is undergoing change and
premiums are being increased. If we are unable to procure adequate insurance
because of cost, unavailability or otherwise, we might be forced to cease
operations.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Our inability to
obtain financial surety would threaten our ability to continue in business.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Bonding requirements to comply with federal and state environmental and
remediation requirements and to secure necessary licenses and approvals will
increase significantly when future development and production occurs at our
sites in Texas and New Mexico. The amount of the bonding for each producing
property is subject to annual review and revision by regulators. We expect that
the issuer of the bonds will require us to provide cash collateral equal to the
face amount of the bond to secure the obligation. We have received notice from
our surety company demanding that we either increase the collateral supporting
the bonds to 100% of the bond amount or cause the release of the bonds by the
fourth quarter of 2011. In the event we are not able to raise, secure or
generate sufficient funds necessary to satisfy these bonding requirements, we
will be unable to develop our sites and bring them into production, which
inability will have a material adverse impact on our business and may
negatively affect our ability to continue to operate.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Competition from
better-capitalized companies affects prices and our ability to acquire
properties and personnel.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There is global competition for uranium properties, capital, customers
and the employment and retention of qualified personnel. In the production and
marketing of uranium, there are a number of producing entities, some of which
are government controlled and all of which are significantly larger and better
capitalized than we are. Many of these organizations also have substantially
greater financial, technical, manufacturing and distribution resources than we
have.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our uranium production also competes with uranium recovered from the
de-enrichment of highly enriched uranium obtained from the dismantlement of
United States and Russian nuclear weapons and imports to the United States of
uranium from the former Soviet Union and from the sale of uranium inventory
held by the United States Department of Energy. In addition, there are numerous
entities in the market that compete with us for properties and are attempting
to become licensed to operate uranium mining facilities. If we are unable to
successfully compete for properties, capital, customers or employees or
alternative uranium sources, it could have a materially adverse effect on our
results of operations.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Because we have
limited capital, inherent mining risks pose a significant threat to us compared
with our larger competitors.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Because we have limited capital, we are unable to withstand significant
losses that can result from inherent risks associated with mining, including
environmental hazards, industrial accidents, flooding, interruptions due to
weather conditions and other acts of nature which larger competitors could
withstand. Such risks could result in damage to or destruction of our
infrastructure and production facilities, as well as to adjacent properties,
personal injury, environmental damage and processing and production delays,
causing monetary losses and possible legal liability.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-6<a name="PB_6_005648_7748"></a></font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">We may need to
obtain additional financing in order to implement our business plan, and the
inability to obtain it could cause our business plan to fail.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of September&nbsp;30, 2010, we had approximately $10.5&nbsp;million
in cash. We may require additional financing in order to complete our plan of
operations. We may not be able to obtain all of the financing we require. Our
ability to obtain additional financing is subject to a number of factors,
including the market price of uranium, market conditions, investor acceptance
of our business plan, and investor sentiment. These factors may make the
timing, amount, terms and conditions of additional financing unattractive or
unavailable to us. In recognition of current economic conditions and the
shut-down of production, we have significantly reduced our spending, delayed or
cancelled planned activities and substantially changed our current corporate
structure. However, these actions may not be sufficient to offset the
detrimental effects of the weak economy and cessation of production, which
could result in material adverse effects on our business, revenues, operating
results and prospects.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Our business
could be harmed if we lose the services of our key personnel.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our business and mineral exploration programs depend upon our ability
to employ the services of geologists, engineers and other experts. In operating
our business and in order to continue our programs, we compete for the services
of professionals with other mineral exploration companies and businesses. In
addition, several entities have expressed an interest in hiring certain of our
employees. Our ability to maintain and expand our business and continue our
exploration programs may be impaired if we are unable to continue to employ or
engage those parties currently providing services and expertise to us or
identify and engage other qualified personnel to do so in their place. To
retain key employees, we may face increased compensation costs, including
potential new stock incentive grants and there can be no assurance that the
incentive measures we implement will be successful in helping us retain our key
personnel.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Risks
Relating to this Offering and our Common Stock</font></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Approximately 38.6%
of our Common Stock is controlled by three significant stockholders and
management.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 33.4% of our Common Stock is controlled by three
significant stockholders. In addition, our directors and officers are the
beneficial owners of approximately 5.2% of our Common Stock. This includes,
with respect to both groups, shares that may be purchased upon the exercise of
outstanding options. Should these stockholders decide to act together, they may
be able to substantially influence the management, affairs and operations of
our company and all matters requiring approval by our stockholders, including
the election of directors and the approval of mergers or other business
combination transactions. Accordingly, the concentration of ownership by such stockholders
may have the effect of delaying, deferring, preventing or facilitating a sale
of our company or a business combination with a third party. Further,
circumstances may arise in which the interests of these stockholders could
conflict with the interests of our other stockholders.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The availability
for sale of a large amount of shares may depress the market price of our Common
Stock.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of October&nbsp;28, 2010, 84,264,256 shares of our Common Stock were
currently outstanding, substantially all of which are registered or otherwise
transferable. The availability for sale of a large amount of shares or
conversion of the Company&#146;s outstanding warrants by any one or several
shareholders may depress the market price of our Common Stock and impair our
ability to raise additional capital through the public sale of our Common
Stock. We have no arrangement with any of the holders of the foregoing shares
to address the possible effect on the price of our Common Stock of the sale by
them of their shares.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-7<a name="PB_7_005717_141"></a></font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Terms of
subsequent financings may adversely impact our stockholders.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In order to finance our working capital needs, we may have to raise
funds through the issuance of equity or debt securities in the future. We currently
have no authorized preferred stock. Depending on the type and the terms of any
financing we pursue, stockholder&#146;s rights and the value of their investment in
our Common Stock could be reduced. For example, if we have to issue secured
debt securities, the holders of the debt would have a claim to our assets that
would be prior to the rights of stockholders until the debt is paid. Interest
on these debt securities would increase costs and negatively impact operating
results. If the issuance of new securities results in diminished rights to
holders of our Common Stock, the market price of our Common Stock could be
negatively impacted.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Shareholders
could be diluted if we were to use Common Stock to raise capital.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We may need to seek additional capital to carry our business plan. This
financing could involve one or more types of securities including Common Stock,
convertible debt or warrants to acquire Common Stock. These securities could be
issued at or below the then prevailing market price for our Common Stock. Any
issuance of additional shares of our Common Stock could be dilutive to existing
stockholders and could adversely affect the market price of our Common Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">You will
experience immediate dilution in the book value per share of the common stock
you purchase.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Because the price per share of our Common Stock being offered is
substantially higher than the book value per share of our Common Stock, you
will suffer substantial dilution in the net tangible book value of the Common
Stock you purchase in this offering. After giving effect to the sale by us of
7,150,000&nbsp;shares of Common Stock in this offering, and based on a public
offering price of $1.16 per share in this offering and a pro forma net tangible
book value per share of our common stock of $0.41 as of June&nbsp;30, 2010, if
you purchase shares in this offering, you will suffer immediate and substantial
dilution of $0.75 per share in the net tangible book value of the common stock
purchased. See &#147;Dilution&#148; for a more detailed discussion of the dilution you
will incur in connection with this offering.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Our management
will have broad discretion over the use of the net proceeds from this offering,
you may not agree with how we use the proceeds and the proceeds may not be
invested successfully.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have not designated any portion of the net proceeds from this
offering to be used for any particular purpose. Accordingly, our management
will have broad discretion as to the use of the net proceeds from any offering
by us and could use them for purposes other than those contemplated at the time
of this offering. You will be relying on the judgment of our management with
regard to the use of these net proceeds, and you will not have the opportunity,
as part of your investment decision, to assess whether the proceeds are being
used appropriately. It is possible that the proceeds will be invested in a way
that does not yield a favorable, or any, return for our company.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S-8<a name="PB_8_005727_7608"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
