<SEC-DOCUMENT>0001144204-12-015860.txt : 20120319
<SEC-HEADER>0001144204-12-015860.hdr.sgml : 20120319
<ACCEPTANCE-DATETIME>20120319162625
ACCESSION NUMBER:		0001144204-12-015860
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20120319
DATE AS OF CHANGE:		20120319
GROUP MEMBERS:		RCA V GP LTD.
GROUP MEMBERS:		RESOURCE CAPITAL ASSOCIATES V L.P.

SUBJECT COMPANY:	

	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:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40754
		FILM NUMBER:		12700845

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Resource Capital Fund V L.P.
		CENTRAL INDEX KEY:			0001465397
		IRS NUMBER:				980622443
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		1400 SIXTEENTH STREET
		STREET 2:		SUITE 200
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
		BUSINESS PHONE:		720.946.1444

	MAIL ADDRESS:	
		STREET 1:		1400 SIXTEENTH STREET
		STREET 2:		SUITE 200
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Resource Capital Fund V, L.P.
		DATE OF NAME CHANGE:	20090602
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>v306490_sc13d.htm
<DESCRIPTION>SC 13D
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES SECURITIES AND<BR>
EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal">Under
the Securities Exchange Act of 1934<BR>
(Amendment No.&nbsp; )</FONT><FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>URANIUM RESOURCES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Common Stock, $0.001 Par Value</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>916901507</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Catherine J. Boggs<BR>
Resource Capital Funds<BR>
1400 Sixteenth Street, Suite 200<BR>
Denver, CO 80202<BR>
United States of America<BR>
(720) 946-1444</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>March 9, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Event which Requires Filing of
this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of &sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Note</B>: Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See &sect;240.13d-7 for other parties
to whom copies are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">* The remainder of this cover page shall
be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information required on the remainder
of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of
1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 2 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">PERSONS WHO RESPOND TO THE COLLECTION OF
INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">1</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAMES OF REPORTING PERSONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (entities only)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Resource Capital Fund V L.P.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(a) </FONT><FONT STYLE="font-family: Wingdings 2">&#83;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(b)
<FONT STYLE="font-family: Wingdings 2">&#163;</FONT></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">3</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SEC USE ONLY</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">4</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOURCE OF FUNDS (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20.85pt">WC</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED&#9;
<FONT STYLE="font-family: Wingdings 2">&#163;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PURSUANT TO ITEMS 2(d) or 2(e)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">6</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">Cayman Islands</P></TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OWNED BY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORTING</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WITH</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">7<BR></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8</P></TD>
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">9</P></TD>
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">10</P></TD>
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">0</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">11</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">12</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<FONT STYLE="font-size: 10pt">CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES&#9; </FONT><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">(See Instructions)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">13</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">9.7%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">14</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;TYPE OF REPORTING PERSON (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">PN</P></TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 3 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">1</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAMES OF REPORTING PERSONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I.R.S. IDENTIFICATION
NOS. OF ABOVE PERSONS (entities only)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">Resource Capital Associates V L.P.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(a) </FONT><FONT STYLE="font-family: Wingdings 2">&#83;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(b)
<FONT STYLE="font-family: Wingdings 2">&#163;</FONT></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">3</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SEC USE ONLY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">4</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOURCE OF FUNDS (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20.85pt">OO</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED&#9; </FONT><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PURSUANT TO ITEMS 2(d) or 2(e)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">6</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">Cayman Islands</P></TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OWNED BY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORTING</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WITH</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">7</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">9</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">10</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">11</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">12</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<FONT STYLE="font-size: 10pt">CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES&#9; </FONT>[_]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">(See Instructions)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">13</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">9.7%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">14</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;TYPE OF REPORTING PERSON (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">PN</P></TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page
    4 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">1</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAMES OF REPORTING PERSONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I.R.S. IDENTIFICATION
NOS. OF ABOVE PERSONS (entities only)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">RCA V GP Ltd.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(a) </FONT><FONT STYLE="font-family: Wingdings 2">&#83;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right"><FONT STYLE="font-size: 10pt">(b)
<FONT STYLE="font-family: Wingdings 2">&#163;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">3</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SEC USE ONLY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">4</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOURCE OF FUNDS (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20.85pt">OO</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED&#9; </FONT><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PURSUANT TO ITEMS 2(d) or 2(e)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">6</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">Cayman Islands</P></TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OWNED BY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORTING</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WITH</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">7</P></TD>
    <TD STYLE="border: Black 1pt solid; vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED VOTING POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">9</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">10</P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 11.75pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">11</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">10,259,567</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">12</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES&#9; [_]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">(See Instructions)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">13</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">9.7%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">14</P></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;TYPE OF REPORTING PERSON (See Instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 16.35pt">OO, HC</P></TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 5 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;1</U>.&#9;<U>Security and
Issuer</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">This Schedule 13D relates to the acquisition
of beneficial ownership of Common Stock, $0.001 par value per share (the &ldquo;Common Stock&rdquo;) of Uranium Resources, Inc.,
(the &ldquo;Company&rdquo;), whose principal executive office is located at 405 State Highway 121 Bypass, Building A, Suite 110,
Lewisville, Texas 75067.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;2</U>.&#9;<U>Identity and
Background</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The persons filing this Schedule 13D (collectively,
the &ldquo;Reporting Persons&rdquo;) are:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">a.</TD><TD STYLE="text-align: left">Resource Capital Fund V L.P. (&ldquo;RCF V&rdquo;), a Cayman Islands exempt limited partnership, whose
address is 1400 Sixteenth Street, Suite 200, Denver, Colorado 80202. The principal business of RCF V is investments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">b.</TD><TD STYLE="text-align: left">Resource Capital Associates V L.P. (&ldquo;Associates V&rdquo;), a Cayman Islands exempt limited partnership,
whose address is 1400 Sixteenth Street, Suite 200, Denver, Colorado 80202. Associates V is the general partner of RCF V. The principal
business of Associates V is to act as the general partner of RCF V.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">c.</TD><TD STYLE="text-align: left">RCA V GP Ltd. (&ldquo;RCA V&rdquo;), a Cayman Islands exempt company, whose address is 1400 Sixteenth
Street, Suite 200, Denver, Colorado 80202. RCA V is the general partner of Associates V. The principal business of RCA V is to
act as the general partner of Associates V.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The sole members of RCA V are Messrs. Ryan
T. Bennett, Ross R. Bhappu, Russ Cranswick, James McClements, Henderson G. Tuten and Ms. Sherri Croasdale (collectively, the &ldquo;Principals&rdquo;).
The business of RCA V is directed by the officers of RCA V. The Principals serve as executive officers of RCA V. The business address
of each of Messrs. Bennett, Bhappu, Cranswick, McClements, Tuten and Ms. Croasdale is 1400 Sixteenth Street, Suite 200, Denver,
Colorado 80202. The principal occupation of Messrs. Bennett, Bhappu, Cranswick, McClements, Tuten and Ms. Croasdale is serving
as senior executives of the Resource Capital Funds which include RCF V.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">RCF V and Associates V are each Cayman Islands
exempt limited partnerships.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">RCA V is a Cayman Islands exempt company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Messrs. Bennett, Bhappu, Tuten and Ms. Croasdale
are citizens of the United States. Mr. Cranswick is a citizen of Canada. Mr. McClements is a citizen of Australia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">During the last five years, none of the Reporting
Persons nor any Principal has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
During the last five years, none of the Reporting Persons nor any Principal has been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction making such Reporting Person or Principal subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;3</U>.&#9;<U>Source and Amount
of Funds or Other Consideration</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The source of the $10,000,000 purchase price
was from cash on hand of RCF V.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 6 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;4</U>.&#9;<U>Purpose of Transaction</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On March 1, 2012, the Company, URI Merger
Corporation, a Nevada corporation and wholly-owned subsidiary of the Company (&ldquo;Merger Sub&rdquo;) and Neutron Energy, Inc.,
a Nevada corporation (&ldquo;Neutron&rdquo;) entered into an Agreement and Plan of Merger (the &ldquo;Merger Agreement&rdquo;).
Pursuant to the Merger Agreement, Merger Sub will merge with and into Neutron, with Neutron continuing as the surviving corporation
(the &ldquo;Merger&rdquo;) and as a wholly-owned subsidiary of the Company. The Merger (and, accordingly, the issuance of the Acquisition
Shares and the Tranche II Shares described below) is subject to a number of conditions, including approval by the stockholders
of each of Neutron and the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Simultaneous with the execution of the Merger
Agreement, the Company, Neutron and RCF V entered into an Investment Agreement (the &ldquo;Investment Agreement&rdquo;). Pursuant
to the Investment Agreement, RCF V agreed to purchase, for a purchase price of $10,000,000, a number of shares of Common Stock
of the Company equal to $10,000,000 divided by $0.9747, the Company&rsquo;s share price for a specified period prior to the date
of announcement of the Merger, as set forth in the Investment Agreement (the &ldquo;Tranche I Shares&rdquo;), <U>provided</U>,
<U>however</U>, that the number of shares of Common Stock of the Company would not exceed 19.9% of the total number of shares of
Common Stock outstanding prior to the issuance of the Tranche I Shares. On March 9, 2012, RCF V paid $10,000,000 for 10,259,567
Tranche I Shares. The proceeds are to be used to finance the operations of the Company and Neutron prior to and after the Merger,
in accordance with agreed-upon budgets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Pursuant to the Investment Agreement, concurrent
with the closing of the Merger, RCF V will purchase, for a purchase price of $20,000,000, a number of shares of Common Stock of
the Company equal to $20,000,000 <U>divided</U> by (ii) $0.9747 (the &ldquo;Acquisition Shares&rdquo;), <U>provided</U>, <U>however</U>,
that in no event will the number of Acquisition Shares purchased by RCF V equal less than 24,638,673 shares or more than 33,000,000
shares of Common Stock of the Company. The proceeds of the purchase of the Acquisition Shares will be used by the Company to partially
repay a portion of a $26,787,157 loan owed by Neutron to RMB Australia Holdings Limited. In addition, the Company may request that
RCF V purchase within ten (10) business days of the Merger, for a purchase price of $5,000,000 a number of additional shares of
Common Stock of the Company in the amount of $5,000,000 divided by the lower of (a) $0.9747 or (b) the volume-weighted average
price for the twenty (20) trading days prior to the closing of the Merger (the &ldquo;Tranche II Shares&rdquo;). The proceeds from
the purchase of the Tranche II Shares would also finance the operation of the Company and Neutron. If the conditions to closing
of the Merger are not satisfied, neither the Acquisition Shares or the Tranche II Shares would be issued, but the Reporting Persons
would continue to own the Tranche I Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Pursuant to a Stockholders&rsquo; Agreement,
dated as of March 1, 2012, by and between the Company and RCF V (the &ldquo;Stockholders&rsquo; Agreement&rdquo;), at all times
that RCF V or any of its affiliates (the &ldquo;RCF Parties&rdquo;) owns shares of Common Stock of the Company which in the aggregate
exceed five percent (5%) of all issued and outstanding shares of Common Stock of the Company, (x) the Company&rsquo;s Board of
Directors (the &ldquo;Board&rdquo;) agrees to nominate or appoint one (1) qualified individual identified by the RCF Parties to
serve on the Board, with the initial appoint to occur no later than the 2012 annual meeting of the shareholders of the Company
to be held no later than June 30, 2012, and thereafter such nominee shall be included in management&rsquo;s slate for election
to the Board and (y) the RCF Parties may designate an observer to attend all meetings of the Board. In addition, so long as any
of the RCF Parties owns or holds shares of Common Stock of the Company, the RCF Parties have the right to participate in any sale
or placement of any Common Stock, warrants to acquire Common Stock, or other equity interests (an &ldquo;Equity Financing&rdquo;)
of the Company on a pro rata basis at the same price and the same terms and conditions as offered to other investors in the Equity
Financing. Under the Stockholders&rsquo; Agreement, the board of directors and management of the Company is to consult with representatives
of the RCF Parties in determining the business, operations and management of the Company following the Merger, including consideration
of RCF Parties&rsquo; suggestions regarding management personnel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 7 of 10</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The beneficial ownership that is the subject
of this Schedule 13D was acquired for the purpose of investment. RCF V owns a total of 10,259,567 shares of the Common Stock of
the Company. The Reporting Persons intend to fund the operations of the Company and Neutron prior to and after the Merger and to
continue to evaluate the Company&rsquo;s business affairs, financial position and prospects, as well as conditions in the securities
markets and the economy generally. Based on that continuing evaluation, the Reporting Persons will take such action as they deem
appropriate, including, but not limited to, (i) engaging in communications with the management, board of directors and/or other
shareholders of the Company concerning the operations and management of the Company and other matters and (ii) proposing additional
transactions with the Company, including transactions that could result in a change of control of the Company. Other than as committed
pursuant to the Investment Agreement, the RCF Funds may decide not to acquire additional shares of Common Stock of the Company
and/or to sell all or a portion of the shares of Common Stock of the Company held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Except as described in this Schedule, none
of the Reporting Persons currently has any plans or proposals which relate to or would result in any of the actions or transactions
specified in clauses (a) through (j) of Item 4 of Schedule 13D. Each of the Reporting Persons reserves the right to acquire or
dispose of the securities of the Company, to exercise the rights described in Item 6, or to formulate other purposes, plans or
proposals regarding the Company or its securities to the extent deemed advisable in light of general investment policies, market
conditions and other factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item 5.</U></B>&#9;<B><U>Interest in
Securities of the Issuer</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">As of March 19, 2012, 2012 RCF V owns 10,259,567
shares of Common Stock of the Company for a total aggregate holding by the RCF Funds of 10,259,567 shares of Common Stock of the
Company. Based on the foregoing and using 106,062,979 as the number of outstanding shares of Common Stock of the Company, RCF V
may be deemed to have sole voting and dispositive power over, and therefore beneficial ownership of, approximately 9.7% of the
issued and outstanding Common Stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">As of March 19, 2012 Associates V may be deemed
to have sole voting and dispositive power over, and therefore beneficial ownership of, approximately 9.7% of the issued and outstanding
Common Stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">As of March 19, 2012, RCA V may be deemed
to have sole voting and dispositive power over, and therefore beneficial ownership of, approximately 9.7% of the issued and outstanding
Common Stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">As of March 19, 2012, Messrs. Bennett, Bhappu,
Cranswick, McClements, Tuten and Ms. Croasdale, by virtue of their interests as members and directors of RCA V, may be deemed to
have sole voting and dispositive power over, and therefore beneficial ownership of, approximately 9.7% of the issued and outstanding
Common Stock of the Company. Messrs. Bennett, Bhappu, Cranswick, McClements, Tuten and Ms. Croasdale disclaim beneficial ownership
of the Common Stock of the Company, except to the extent of each of their pecuniary interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page 8 of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Except as described above and in Item 6, none
of the Reporting Persons has effected any additional transactions with respect to the Common Stock of the Company during the past
60 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;6</U>.&#9;<U>Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Merger Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">See the description of the Merger Agreement
in Item 3 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Investment Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">See the description of the Investment Agreement
in Items 3 and 4 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Stockholders&rsquo; Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">See the description of the Stockholders&rsquo;
Agreement in Item 4 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Registration Rights Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In addition to the Stockholders&rsquo; Agreement,
RCF V and the Company entered into a registration rights agreement, dated as of March 1, 2012 (the &ldquo;Registration Rights Agreement&rdquo;).
The Registration Rights Agreement requires the Company to facilitate the resale of the Tranche I Shares, Tranche II Shares and
Acquisition Shares (collectively, the &ldquo;RCF Shares&rdquo;) by filing with the Commission one or more registration statements
registering the resale of the RCF Shares as soon as practicable following the closing of the purchase and sale of each of the Tranche
I Shares, Tranche II Shares and the Acquisition Shares. In addition, the RCF Parties have rights to demand and piggyback registration
of the RCF Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Reporting Persons executing this Schedule
13D have also executed a Joint Filing Agreement attached as Exhibit 99.1 to this Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The foregoing summaries of the Merger Agreement,
Investment Agreement, Stockholders&rsquo; Agreement and Registration Rights Agreement do not purport to be complete and are subject
to, and qualified in their entirety by, the full text of the Merger Agreement, Investment Agreement, Stockholders&rsquo; Agreement
and the Registration Rights Agreement, copies of which are filed as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, to this Schedule
13D and incorporated by reference herein</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><U>Item&nbsp;7</U>.&#9;<U>Material to Be
Filed as Exhibits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">See the Index of Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.1</TD><TD>Agreement and Plan of Merger, dated as of March 1, 2012, by and among Uranium Resources, Inc., URI Merger Corporation and Neutron
Energy, Inc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.2</TD><TD>Investment Agreement, dated as of March 1, 2012, by and among Uranium Resources, Inc., Neutron Energy, Inc. and Resource Capital
Fund V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.3</TD><TD>Stockholders&rsquo; Agreement, dated as of March 1, 2012, by and between Uranium Resources, Inc. and Resource Capital Fund
V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.4</TD><TD>Registration Rights Agreement, dated as of March 1, 2012, by and between Uranium Resources, Inc. and Resource Capital Fund
V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">99.1</TD><TD>Joint Filing Agreement, dated as of March 19, 2012, by and among the Reporting Persons.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">CUSIP No. <B>916901507</B></TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Page
    9  of 10</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">March 19, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in; font-weight: bold">RCA V GP LTD.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold; width: 60%">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold; width: 3%">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold; width: 37%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp; Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp; General Counsel</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in; font-weight: bold">RESOURCE CAPITAL ASSOCIATES V L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">By:&nbsp; RCA V GP Ltd., General Partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp; Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp; General Counsel</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in; font-weight: bold">RESOURCE CAPITAL FUND V L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="text-indent: 0in">Resource Capital Associates V L.P.,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">General Partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="text-indent: 0in">RCA V GP Ltd., General Partner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp; Catherine J. Boggs</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp; General Counsel</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9;&nbsp;</P>

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    <TD STYLE="width: 33%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: center 3.25in right 6.5in; font-size: 10pt; text-align: center">Schedule 13D</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Index of Exhibits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.1</TD><TD>Agreement and Plan of Merger, dated as of March 1, 2012, by and among Uranium Resources, Inc., URI Merger Corporation and Neutron
Energy, Inc.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.2</TD><TD>Investment Agreement, dated as of March 1, 2012, by and among Uranium Resources, Inc., Neutron Energy, Inc. and Resource Capital
Fund V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.3</TD><TD>Stockholders&rsquo; Agreement, dated as of March 1, 2012, by and between Uranium Resources, Inc. and Resource Capital Fund
V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">10.4</TD><TD>Registration Rights Agreement, dated as of March 1, 2012, by and between Uranium Resources, Inc. and Resource Capital Fund
V L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">99.1</TD><TD>Joint Filing Agreement, dated as of March 19, 2012, by and among the Reporting Persons.</TD></TR></TABLE>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v306490_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Execution Copy March 1,
2012</P>

<P STYLE="text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>AGREEMENT AND PLAN
OF MERGER</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>AMONG</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>URANIUM RESOURCES,
INC.</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(&ldquo;Purchaser&rdquo;),</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>URI MERGER CORPORATION</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">an indirect, wholly-owned
subsidiary of Purchaser</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(&ldquo;Merger Sub&rdquo;),</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>NEUTRON ENERGY, INC.</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(&ldquo;Target&rdquo;)</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>TABLE OF CONTENTS</U></B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>Page</U></B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">THE MERGER</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 6%">1.1</TD>
    <TD NOWRAP STYLE="text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 78%; padding-right: 36pt; text-indent: 0pt">The Merger</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">1</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Closing</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Effective Time</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Effects of the Merger</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Articles of Incorporation and Bylaws of the Surviving Corporation</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Directors</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Officers</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">1.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Additional Actions</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">CONVERSION OF SECURITIES</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Conversion of Capital Stock</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Exchange Ratios; Fractional Shares</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Exchange of Certificates</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Dissenting Shares</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Options and Warrants</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Further Ownership Rights in Target Common Stock</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Termination of Exchange Fund</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Liability</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">2.9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Investment of Exchange Fund</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">REPRESENTATIONS AND WARRANTIES&nbsp;&nbsp;OF PURCHASER AND MERGER SUB</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Organization and Qualification; Subsidiaries</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Certificate of Incorporation and Bylaws</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Capitalization</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Authority Relative to this Agreement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Conflict; Required Filings and Consents</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Compliance; Permits</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">SEC Filings; Financial Statements</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Controls and Procedures</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Absence of Certain Changes or Events</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 6%">3.10</TD>
    <TD NOWRAP STYLE="text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 78%; padding-right: 36pt; text-indent: 0pt">Absence of Litigation</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">13</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Property and Title</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Fee Surface and Fee Mineral Lands</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Surface and Mineral Leases</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Mining Claims</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.15</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Water Rights</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Environmental Matters</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Agreements, Contracts and Commitments</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.18</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Vote Required</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3.19</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Brokers</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">REPRESENTATIONS AND WARRANTIES OF TARGET</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Organization and Qualification; Subsidiaries</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Articles of Incorporation and Bylaws</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Capitalization</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Authority Relative to this Agreement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Conflict; Required Filings and Consents</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Compliance; Permits</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Financial Statements</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Undisclosed Liabilities</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Absence of Certain Changes or Events</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Absence of Litigation</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Employee Plans</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Labor and Employee Matters</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Property and Title</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Fee Surface and Fee Mineral Lands</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.15</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Surface and Mineral Leases</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Mining Claims</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Water Rights</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.18</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Insurance</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.19</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Taxes</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.20</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">&nbsp;Environmental Matters</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.21</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Intellectual Property</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.22</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Agreements, Contracts and Commitments</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
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<P STYLE="text-align: center; margin: 0pt 0; font-size: 10pt">ii</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 6%">4.23</TD>
    <TD NOWRAP STYLE="text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 78%; padding-right: 36pt; text-indent: 0pt">Interested Party Transactions</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">30</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Brokers</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.25</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Opinions of Financial Advisors</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.26</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Vote Required</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.27</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">NCA and State Takeover Laws</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4.28</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Other Representations and Warranties</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">COVENANTS OF THE PARTIES</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Conduct of Business of Target</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Conduct of Business of Purchaser</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Stockholder Approval</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Registration Statement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Reasonable Best Efforts</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Neutron Funding Agreement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">HSR Act</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Other Governmental Matters</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Intentionally Omitted</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Public Announcements</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Notification of Certain Matters</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Solicitation</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Confidentiality; Access</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Listing Application</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.15</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Director and Officer Insurance</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">FIRPTA</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">5.17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Englewood and Albuquerque Leases</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">CONDITIONS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Mutual Conditions</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Conditions to Obligations of Target</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Conditions to Obligations of Purchaser and Merger Sub</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">TERMINATION AND AMENDMENT</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Termination of Agreement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Notice of Termination; Effect of Termination</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">46</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Fees and Expenses</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Amendment</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font-size: 10pt">iii</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 6%">7.5</TD>
    <TD NOWRAP STYLE="text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 78%; padding-right: 36pt; text-indent: 0pt">Extension; Waiver</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">49</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Article 8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">MISCELLANEOUS</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">No Survival</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Cross References to Defined Terms</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Terms not Defined Elsewhere</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Notices</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Interpretation</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.6</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Counterparts</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.7</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Entire Agreement</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Third Party Beneficiaries</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Governing Law</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Specific Performance</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">8.11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 36pt; text-indent: 0pt">Assignment</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font-size: 10pt">iv</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><U>Exhibits</U></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit A&mdash;Target Stockholders
executing Voting Agreements</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit B&mdash;Budget</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit C&mdash;Target Knowledge
Persons</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit D&mdash;Purchaser
Knowledge Persons</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit E&mdash;Neutron
Funding Agreement</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit F&mdash;RCF Investment
Agreement</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit G&mdash;RMB Agreement</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit H&mdash;Form of
Transaction Cost Settlement Agreements</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit I&mdash;Parties
to Transaction Cost Settlement Agreements</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Exhibit J&mdash;Form of
Voting Agreement</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font-size: 10pt">v</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>AGREEMENT AND PLAN
OF MERGER</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">This Agreement and Plan
of Merger (this &ldquo;Agreement&rdquo;) is made and entered into as of March 1, 2012, by and among URANIUM RESOURCES, INC., a
Delaware corporation (&ldquo;Purchaser&rdquo;), URI MERGER CORPORATION, a Nevada corporation and an indirect, wholly-owned subsidiary
of Purchaser (&ldquo;Merger Sub&rdquo;), and NEUTRON ENERGY, INC., a Nevada corporation (&ldquo;Target&rdquo;).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, the respective
boards of directors of Purchaser, Merger Sub and Target have each approved and adopted this Agreement and the transactions contemplated
hereby, including the merger of Merger Sub with and into Target (the &ldquo;Merger&rdquo;), upon the terms and subject to the conditions
set forth herein;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, Merger Sub
is a direct, wholly-owned subsidiary of URI Neutron Holdings II, Inc., a Delaware corporation, which is a direct, wholly-owned
subsidiary of URI Neutron Holdings I, Inc., a Delaware corporation, which is a direct, wholly-owned subsidiary of Purchaser;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, contemporaneously
with entering into this Agreement, Purchaser has entered into the Voting Agreements with each of the Target Stockholders listed
on Exhibit A hereto pursuant to which, among other things, such stockholders have agreed to vote their shares of Target Common
Stock to approve the Merger, all on the terms and subject to the conditions set forth in the Voting Agreements;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, contemporaneously
with entering into this Agreement, Purchaser and Target have entered into additional agreements with various third parties related
to the transaction contemplated hereby, including the RCF Investment Agreement, the RMB Agreement, the Neutron Funding Agreement,
the Transaction Cost Settlement Agreements and the Cebolleta Agreement (collectively, the &ldquo;Transaction Agreements&rdquo;);
and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, the parties
desire to make certain representations, warranties and agreements in connection with the Merger and also to prescribe certain conditions
to the Merger.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">NOW, THEREFORE, in consideration
of the mutual covenants, representations, warranties and agreements contained herein, and intending to be legally bound hereby,
the parties agree as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 1</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>THE MERGER</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>The
Merger</U>.&nbsp;&nbsp;At the Effective Time, upon the terms and subject to the conditions set forth in this Agreement, and in
accordance with the applicable provisions of the Nevada Corporations Act (the &ldquo;NCA&rdquo;), Merger Sub shall be merged with
and into Target, whereupon the separate corporate existence of Merger Sub shall cease, and Target shall continue as the surviving
corporation in the Merger.&nbsp;&nbsp;Target in its capacity as the surviving corporation of the Merger is sometimes referred to
herein as the &ldquo;Surviving Corporation.&rdquo;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Closing</U>.&nbsp;&nbsp;The
closing of the Merger (the &ldquo;Closing&rdquo;) shall take place at the offices of Baker &amp; Hostetler LLP, 303 East 17<FONT STYLE="vertical-align: text-top">th</FONT>
Avenue, Suite 1100, Denver, Colorado 80203-1264, at 10:00 a.m., local time, on a date to be specified by the parties (the &ldquo;Closing
Date&rdquo;), which shall be no later than the second Business Day after the satisfaction or waiver (to the extent permitted by
this Agreement and applicable Law) of the conditions set forth in Article 6 (other than those conditions that by their nature are
to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions), or at such other place, date and
time as Purchaser and Target may agree in writing.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Effective
Time</U>.&nbsp;&nbsp;On the Closing Date, immediately after the Closing, the parties shall cause the Merger to be consummated by
executing and filing of articles of merger (the &ldquo;Articles of Merger&rdquo;) with the Secretary of State of the State of Nevada
and make all other filings or recordings required under the NCA in connection with the Merger.&nbsp;&nbsp;The Merger shall become
effective at such time as the Articles of Merger are duly filed with the Secretary of State of the State of Nevada, or at such
later date as the parties shall agree and as shall be set forth in the Articles of Merger (the time the Merger becomes effective
is referred to herein as the &ldquo;Effective Time&rdquo;).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Effects
of the Merger</U>.&nbsp;&nbsp;The effects of the Merger shall be as provided in this Agreement and in the applicable provisions
of the NCA.&nbsp;&nbsp;Without limiting the generality of the foregoing, at the Effective Time, all the properties, assets, rights,
privileges, immunities, powers, franchises and authority of Target and Merger Sub shall vest in the Surviving Corporation, and
all obligations of Target and Merger Sub shall become the obligations of the Surviving Corporation, all as provided in the NCA
and the other applicable Laws of the State of Nevada.&nbsp;&nbsp;At and after the Effective Time, the officers and directors of
the Surviving Corporation will be authorized to execute and deliver, in the name and on behalf of Target or Merger Sub, any deeds,
bills of sale, assignments or assurances and to take and do, in the name and on behalf of Target or Merger Sub, any other actions
and things to vest, perfect or confirm of record or otherwise in the Surviving Corporation any and all right, title and interest
in, to and under any of the properties, assets or rights of Target or Merger Sub.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Articles
of Incorporation and Bylaws of the Surviving Corporation</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
articles of incorporation of Merger Sub as in effect at the Effective Time shall be the articles of incorporation of the Surviving
Corporation until thereafter amended in accordance with the provisions thereof and the provisions of this Agreement and applicable
Law; <U>provided</U>, <U>however</U>, that Article 1 of the articles of incorporation of the Surviving Corporation shall be amended
in its entirety to read as follows:&nbsp;&nbsp;&ldquo;The name of the corporation is Neutron Energy, Inc.&rdquo;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
bylaws of Merger Sub as in effect at the Effective Time shall be the bylaws of the Surviving Corporation until thereafter amended
in accordance with the provisions thereof and the provisions of this Agreement and applicable Law.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Directors</U>.&nbsp;&nbsp;The
directors of Merger Sub immediately prior to the Effective Time shall be the initial directors of the Surviving Corporation and
shall hold office until their respective successors are duly elected and qualified, or until their earlier death, resignation or
removal.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Officers</U>.&nbsp;&nbsp;The
officers of Merger Sub immediately prior to the Effective Time shall be the initial officers of the Surviving Corporation and shall
hold office until their respective successors are duly elected and qualified, or until their earlier death, resignation or removal.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Additional
Actions</U>.&nbsp;&nbsp;If, at any time after the Effective Time, the Surviving Corporation shall consider or be advised that any
further deeds, assignments or assurances in Law or any other acts are reasonably necessary or desirable to (a) vest, perfect or
confirm, of record or otherwise, in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties
or assets of Target, or (b) otherwise carry out the provisions of this Agreement, Target shall execute and deliver all such deeds,
assignments or assurances in Law and to take all acts necessary, proper or desirable to vest, perfect or confirm title to and possession
of such rights, properties or assets in the Surviving Corporation and otherwise to carry out the provisions of this Agreement,
and the officers and directors of the Surviving Corporation are authorized in the name of Target or otherwise to take any and all
such action.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 2</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>CONVERSION OF SECURITIES</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Conversion
of Capital Stock</U>.&nbsp;&nbsp;At the Effective Time, by virtue of the Merger and without any action on the part of Purchaser,
Merger Sub or Target:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
share of common stock, $0.001 par value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be
converted into one share of common stock, $0.001 par value, of the Surviving Corporation.&nbsp;&nbsp;Such newly issued shares shall
thereafter constitute all of the issued and outstanding capital stock of the Surviving Corporation</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
share of Target Common Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares and shares
held by Purchaser or any direct or indirect wholly-owned Subsidiary of Purchaser and subject to Section 2.1(d)) shall be converted
into and represent a number of shares of Purchaser Common Stock equal to the Exchange Ratio.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
share of capital stock of Target held in the treasury of Target shall be cancelled and retired and no payment shall be made in
respect thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Notwithstanding
anything in this Section 2.1 to the contrary, with respect to each Target Stockholder, Purchaser shall not be required to issue
a number of shares of Purchaser Common Stock (the &ldquo;FIRPTA Withheld Shares&rdquo;) otherwise issuable to such Target Stockholder
the value of which is equal to the amount required to be withheld by Purchaser from such Target Stockholder pursuant to Section
1445 of the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder (the &ldquo;Code&rdquo;
and such Treasury Regulations thereunder shall be referred to herein as &ldquo;Treas. Reg.&rdquo;) with respect to the consummation
of the Merger (taking into account any Certificate of Non-Foreign Status or FIRPTA Exemption Certificate applicable to a Target
Stockholder which is provided to Purchaser at or prior to Closing). If at or before Closing a Target Stockholder who is a foreign
person within the meaning of Treas. Reg. Section 1.445-1 (a &ldquo;Foreign Target Stockholder&rdquo;), provides Purchaser with
a FIRPTA Affidavit, Purchaser shall issue and distribute FIRPTA Withheld Shares in the amounts due to a Foreign Target Stockholder
within twenty (20) days of Purchaser&rsquo;s receipt of the certificate or certificates issued by the U.S Internal Revenue Service
(the &ldquo;IRS&rdquo;) under IRS Revenue Procedure 2000-35 stating that such Foreign Target Stockholder is subject to no FIRPTA
withholding or a reduced amount of FIRPTA withholding on the Foreign Target Stockholder&rsquo;s receipt of Purchaser Common Stock
in the Merger (the &ldquo;FIRPTA Exemption Certificate&rdquo;). Notwithstanding anything contained herein, upon the Purchaser&rsquo;s
receipt of (i) notice that a Foreign Target Stockholder has received from the IRS a final denial of such stockholder&rsquo;s application
for a FIRPTA Exemption Certificate or (ii) a FIRPTA Exemption Certificate providing for a reduced amount of FIRPTA withholding
attributable to a Foreign Target Stockholder, Purchaser shall cease to have any obligation to such Foreign Target Stockholder with
respect to the FIRPTA Withheld Shares attributable to such Foreign Target Stockholder except that in the case of clause (ii) Purchaser
will deliver to a Foreign Target Stockholder a number of FIRPTA Withheld Shares that would have been delivered if such Foreign
Target Stockholder had delivered the FIRPTA Exemption Certificate at Closing.&nbsp;&nbsp;In the event that a Target Stockholder
does not provide Purchaser at or prior to Closing with (i) a Certificate of Non-Foreign Status, (ii) a FIRPTA Exemption Certificate
or (ii) a FIRPTA Affidavit, Purchaser shall be entitled to withhold and not issue a number of shares of Purchaser Common Stock
the value of which is equal to the amount required to be withheld from such Target Stockholder pursuant to Section 1445 of the
Code with respect to the consummation of the Merger.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Exchange
Ratios; Fractional Shares</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
&ldquo;Exchange Ratio&rdquo; (rounded to the nearest ten-thousandth of a share) shall be equal to the quotient obtained by dividing
(i) 3,837,061 by (ii) the number of shares of Target Common Stock issued and outstanding immediately prior to the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
fractional shares of Purchaser Common Stock shall be issued as a result of the conversion provided for in Section 2.1.&nbsp;&nbsp;To
the extent that an outstanding share of Target Common Stock would otherwise have become a fractional share of Purchaser Common
Stock, the holder thereof, upon presentation of such fractional interest represented by an appropriate certificate for Target Common
Stock to the Exchange Agent pursuant to Section 2.3, will receive a full share of Purchaser Common Stock therefor if the fractional
interest is equal to or greater than 0.5 and no payment in cash, shares or otherwise for a fractional interest that is less than
0.5.&nbsp;&nbsp;If more than one certificate representing shares of Target Common Stock shall be surrendered for the account of
the same holder, the number of shares of Purchaser Common Stock for which certificates have been surrendered shall be computed
on the basis of the aggregate number of shares represented by the certificates so surrendered.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the event that prior to the Effective Time, Purchaser shall declare a stock dividend or other distribution payable in shares of
Purchaser Common Stock or securities convertible into shares of Purchaser Common Stock, or effect a stock split, reclassification,
combination or other change with respect to shares of Purchaser Common Stock, the Exchange Ratio shall be adjusted to reflect such
dividend, distribution, stock split, reclassification, combination or other change.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Exchange
of Certificates</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Exchange
Agent</U>.&nbsp;&nbsp;At or immediately following the Effective Time, Purchaser shall deposit with an exchange agent as may jointly
be designated by Purchaser and Target (the &ldquo;Exchange Agent&rdquo;), for the benefit of the Target Stockholders, for exchange
in accordance with this Section 2.3, certificates representing shares of Purchaser Common Stock issuable pursuant to Section 2.1
in exchange for outstanding shares of Target Common Stock and shall from time to time deposit cash in an amount reasonably expected
to be paid pursuant to Section 2.3(b) (such shares of Purchaser Common Stock and any dividends or distributions with respect thereto,
being hereinafter referred to as the &ldquo;Exchange Fund&rdquo;).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Exchange
Procedures</U>.&nbsp;&nbsp;As soon as practicable after the Effective Time, the Exchange Agent shall mail a letter of transmittal
to each holder of record of a certificate or certificates (the &ldquo;Certificates&rdquo;) which immediately prior to the Effective
Time represented outstanding shares of Target Common Stock whose shares were converted into the right to receive shares of Purchaser
Common Stock pursuant to Section 2.1 (which letter of transmittal shall specify that delivery shall be effected, and risk of loss
and title to the Certificates shall pass, only upon delivery of the Certificates to the Exchange Agent and shall be in such form
and have such other customary provisions as Purchaser may reasonably specify) and instructions for effecting the surrender of the
Certificates in exchange for certificates representing shares of Purchaser Common Stock.&nbsp;&nbsp;Upon surrender of a Certificate
for cancellation to the Exchange Agent, together with a duly executed letter of transmittal, the holder of such Certificate shall
be entitled to receive in exchange therefor (x) a certificate representing that number of shares of Purchaser Common Stock which
such holder has the right to receive pursuant to Section 2.1 and (y) a check representing the amount of unpaid dividends and distributions
with respect to such shares of Purchaser Common Stock, if any, which such holder has the right to receive pursuant to the provisions
of this Article 2, after giving effect to any required withholding tax, and the shares represented by the Certificate so surrendered
shall forthwith be cancelled.&nbsp;&nbsp;Purchaser will use its reasonable best efforts to cause the Exchange Agent to send such
certificate and any check within three Business Days of its receipt of a Certificate and a duly executed letter of transmittal.&nbsp;&nbsp;No
interest will be paid or accrued on the unpaid dividends and distributions with respect to such shares of Purchaser Common Stock,
if any, payable to Target Stockholders.&nbsp;&nbsp;In the event of a transfer of ownership of shares of Target Common Stock which
is not registered on the transfer records of Target, a certificate representing the proper number of shares of Purchaser Common
Stock, together with a check for the unpaid dividends and distributions with respect to such shares of Purchaser Common Stock,
if any, may be issued to such transferee if the Certificate representing such shares of Target Common Stock held by such transferee
is presented to the Exchange Agent, accompanied by all documents required to evidence and effect such transfer and to evidence
that any applicable stock transfer Taxes have been paid.&nbsp;&nbsp;Until surrendered as contemplated by this Section 2.3, each
Certificate shall be deemed at any time after the Effective Time to represent only the right to receive upon surrender a certificate
representing shares of Purchaser Common Stock and unpaid dividends and distributions with respect to such shares of Purchaser Common
Stock, if any, as provided in this Article 2.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Lost
Certificates</U>.&nbsp;&nbsp;In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit
of that fact by the Person claiming such Certificate to be lost, stolen or destroyed, Purchaser shall issue in exchange for such
lost, stolen or destroyed Certificate the shares of Purchaser Common Stock issuable in exchange therefor pursuant to Section 2.1
and unpaid dividends and distributions with respect to such shares of Purchaser Common Stock, if any.&nbsp;&nbsp;Purchaser shall,
as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed Certificate to give Purchaser
a bond in such sum as it may direct as indemnity against any claim that may be made against Purchaser with respect to the Certificate
alleged to have been lost, stolen or destroyed.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Distributions
with Respect to Unexchanged Shares</U>.&nbsp;&nbsp;Notwithstanding any other provisions of this Agreement, no dividends or other
distributions declared or made after the Effective Time with respect to shares of Purchaser Common Stock having a record date after
the Effective Time shall be paid to the holder of any unsurrendered Certificate until the holder shall surrender such Certificate
as provided in this Section 2.3.&nbsp;&nbsp;Until such Certificate has been surrendered as provided in this Section 2.3, Purchaser
shall deposit the amount of any dividends or other distributions with the Exchange Agent.&nbsp;&nbsp;Subject to the effect of applicable
Laws, following surrender of any such Certificate, the Exchange Agent shall pay to the holder of the certificates representing
whole shares of Purchaser Common Stock issued in exchange therefor, without interest, (i) at the time of such surrender, the amount
of dividends or other distributions with a record date after the Effective Time theretofore payable with respect to such whole
shares of Purchaser Common Stock and not paid, less the amount of any withholding Taxes which may be required thereon, and (ii)
at the appropriate payment date subsequent to surrender, the amount of dividends or other distributions with a record date after
the Effective Time but prior to surrender and a payment date subsequent to surrender payable with respect to such whole shares
of Purchaser Common Stock, less the amount of any withholding Taxes which may be required thereon.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Dissenting
Shares</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dissenting
Shares shall not be converted into or represent the right to receive shares of Purchaser Common Stock, unless the applicable Target
Stockholder shall have forfeited his, her or its right to appraisal under the NCA or properly withdrawn, his, her or its demand
for appraisal.&nbsp;&nbsp;If such Target Stockholder has so forfeited or withdrawn his, her or its right to appraisal of Dissenting
Shares, then (i) as of the occurrence of such event, such holder&rsquo;s Dissenting Shares shall cease to be Dissenting Shares
and shall be converted into and represent the right to receive the shares of Purchaser Common Stock issuable in respect of such
shares pursuant to Section 2.1, and (ii) promptly following the occurrence of such event, Purchaser shall deliver to the Exchange
Agent a certificate representing the shares of Purchaser Common Stock to which such holder is entitled pursuant to Section 2.1.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall give Purchaser (i) prompt notice of any written demands for appraisal of any shares of Target Common Stock, withdrawals of
such demands, and any other instruments that relate to such demands received by Target and (ii) the opportunity to direct all negotiations
and proceedings with respect to demands for appraisal under the NCA.&nbsp;&nbsp;Target shall not, except with the prior written
consent of Purchaser, make any payment with respect to any demands for appraisal of shares of Target Common Stock or offer to settle
or settle any such demands.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Options
and Warrants</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
board of directors of Target shall take such action as is necessary so that at, or prior to, the Effective Time each outstanding
Option shall become fully vested and exercisable and must be exercised by the holder thereof in accordance with its terms (except
as provided in the following sentence) effective as of the Effective Time or it will expire at the Effective Time and the holder
thereof will not be entitled to any consideration therefor or have any rights thereunder.&nbsp;&nbsp;Any vesting and exercise of
an Option may be conditioned on consummation of the Merger so that if the Merger is not completed, the Option will remain outstanding
and subject to its original vesting schedule.&nbsp;&nbsp;In the event of any such conditional exercise, all shares of Target Common
Stock underlying such exercised Options will be deemed to have been issued and outstanding immediately prior to the Effective Time
for purposes of this Article 2.&nbsp;&nbsp;Promptly following the date hereof, Target shall deliver to the holders of Options outstanding
appropriate notices setting forth such holders&rsquo; rights pursuant to such Options, as amended by this Section 2.5.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
Warrant will be cancelled at the Effective Time as provided in the RMB Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Further Ownership Rights in Target Common Stock</U>.&nbsp;&nbsp;All shares of Purchaser Common Stock issued upon surrender of Certificates
in accordance with the terms hereof (including any dividends or distributions paid pursuant to this Article 2) shall be deemed
to have been issued in full satisfaction of all rights pertaining to such shares of Target Common Stock represented thereby, and
there shall be no further registration of transfers on the stock transfer books of Target of shares of Target Common Stock outstanding
immediately prior to the Effective Time.&nbsp;&nbsp;If, after the Effective Time, Certificates are presented to the Surviving Corporation
for any reason, they shall be cancelled and exchanged as provided in this Article 2.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Termination
of Exchange Fund</U>.&nbsp;&nbsp;Any portion of the Exchange Fund which remains undistributed to the Target Stockholders for one
year after the Effective Time shall be delivered to Purchaser, upon demand thereby, and Target Stockholders who have not theretofore
complied with this Article 2 shall thereafter look only to Purchaser for payment of any claim to shares of Purchaser Common Stock,
or dividends or distributions, if any, in respect thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Liability</U>.&nbsp;&nbsp;None of Purchaser, the Surviving Corporation or the Exchange Agent shall be liable to any Person in respect
of any shares of Target Common Stock (or dividends or distributions with respect thereto) or cash from the Exchange Fund delivered
to a public official pursuant to any applicable abandoned property, escheat or similar Law.&nbsp;&nbsp;If any Certificates shall
not have been surrendered prior to seven years after the Effective Time of the Merger (or immediately prior to such earlier date
on which any cash or any dividends or distributions with respect to whole shares of Target Common Stock in respect of such Certificate
would otherwise escheat to or become the property of any Governmental Entity), any such cash, dividends or distributions in respect
of such Certificate shall, to the extent permitted by applicable Laws, become the property of Purchaser, free and clear of all
claims or interest of any Person previously entitled thereto.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.9</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Investment
of Exchange Fund</U>.&nbsp;&nbsp;The Exchange Agent shall invest any cash included in the Exchange Fund, as directed by Purchaser,
on a daily basis; provided, however, that in no event shall any losses incurred in connection with such investment alter Purchaser&rsquo;s
obligation to make any payments under this Article 2.&nbsp;&nbsp;Any interest and other income resulting from such investments
shall be paid to Purchaser upon termination of the Exchange Fund pursuant to Section 2.7.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 3 REPRESENTATIONS
AND WARRANTIES</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>OF PURCHASER AND MERGER
SUB</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Purchaser and Merger
Sub, jointly and severally, represent and warrant to Target, subject to such exceptions as are specifically disclosed in writing
in the disclosure schedule (arranged in sections and subsections corresponding to the numbered and lettered sections and subsections
contained in this Article 3 with the disclosures in any section or subsection of such schedule qualifying the corresponding section
or subsection in this Article 3, as well as any other section or subsection of this Article 3 if the relevance of the disclosed
item to such other section or subsection is reasonably apparent on its face) supplied by Purchaser and Merger Sub to Target dated
as of the date hereof (the &ldquo;Purchaser Disclosure Schedule&rdquo;), that the following are true and correct as of the date
of this Agreement and will be true and correct as of the Effective Time as though made as of the Effective Time, except to the
extent such representations and warranties are specifically made as of a particular date (in which case such representations and
warranties will be true and correct as of such date).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Organization
and Qualification; Subsidiaries</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Purchaser, Merger Sub and their respective Subsidiaries is duly organized, validly existing and in good standing under the Laws
of the jurisdiction of its organization and has the requisite corporate, partnership or similar power and authority to own, lease
and operate its assets and properties and to carry on its business as now conducted, except where the failure to do so has not
had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect with respect to Purchaser.
Purchaser and each of its Subsidiaries is duly qualified to do business as a foreign corporation or other foreign legal entity,
and is in good standing, under the Laws of all jurisdictions where the nature of its business requires such qualification, except
for those jurisdictions where the failure to be so qualified, individually or in the aggregate, has not had and would not be reasonably
expected to have, individually or in the aggregate, a Material Adverse Effect with respect to Purchaser.&nbsp;&nbsp;Merger Sub
is a new corporation formed solely for purpose of effecting the Merger.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
true and complete list of all of Purchaser&rsquo;s Subsidiaries, together with the jurisdiction of organization of each such Subsidiary
and the percentage of the outstanding capital stock, or other equity securities or ownership interests, of each such Subsidiary
owned by Purchaser and each other Subsidiary of Purchaser, is set forth in Section 3.1(b) of the Purchaser Disclosure Schedule.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">8</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Certificate
of Incorporation and Bylaws</U>.&nbsp;&nbsp;The Purchaser SEC Reports contain complete and correct copies of its Certificate of
Incorporation and Bylaws (together, the &ldquo;Purchaser Charter Documents&rdquo;), as amended to date.&nbsp;&nbsp;Such Purchaser
Charter Documents, as so amended, are in full force and effect. Purchaser is not in violation of any of the provisions of the Purchaser
Charter Documents.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Capitalization</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simultaneously
with the execution and delivery of this Agreement, Purchaser has entered into the RCF Investment Agreement for the completion of
the equity financing described in such Agreement.&nbsp;&nbsp;Section 3.3(a) of the Purchaser Disclosure Schedule shows the effect
the transactions contemplated by the RCF Investment Agreement will have on Purchaser&rsquo;s capitalization as described in this
Section 3.3.&nbsp;&nbsp;As of the date hereof, the authorized capital stock of Purchaser consists of 200,000,000 shares of common
stock, $0.001 par value of which 95,803,412 were outstanding as of February 24, 2012 (the &ldquo;Purchaser Common Stock&rdquo;).&nbsp;&nbsp;As
of February 24, 2012, 38,125 shares of Purchaser Common Stock are held in treasury and options to acquire an aggregate of 2,985,231
shares of Purchaser Common Stock (&ldquo;Purchaser Options&rdquo;) are outstanding under the Purchaser Option Plans.&nbsp;&nbsp;Purchaser
has also issued 988,771 warrants for the purchase of shares of Purchaser Common Stock (the &ldquo;Purchaser Warrants&rdquo;) that
are at an exercise price of $5.78, expiring on May 13, 2013, of which all of the warrants remain outstanding as of February 24,
2012. As of the date hereof, no shares of capital stock of Purchaser are held by any Subsidiary of Purchaser other than Belt Line
Resources, Inc., which owns 46,875 shares of Purchaser Common Stock.&nbsp;&nbsp;Purchaser owns, directly or indirectly, all of
the issued and outstanding capital stock of each of its Subsidiaries.&nbsp;&nbsp;All issued and outstanding shares of capital stock
of Purchaser and each of its Subsidiaries have been duly authorized and validly issued and are fully paid and nonassessable.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
as set forth in Section 3.3(a) and the Purchaser Options, there are no subscriptions, options, warrants, phantom shares, stock
units, stock appreciation rights, other equity-based awards, equity securities, partnership interests, conversion privileges or
similar ownership interests, calls, rights (including preemptive rights) or Contracts of any character to which Purchaser or any
of its Subsidiaries is a party or by which it is bound obligating Purchaser or any of its Subsidiaries to issue, deliver or sell,
or cause to be issued, delivered or sold, or to repurchase, redeem or otherwise acquire, or cause the repurchase, redemption or
acquisition of, any equity securities, partnership interests or similar ownership interests of Purchaser or any of its Subsidiaries,
or obligating Purchaser or any of its Subsidiaries to grant, extend, accelerate the vesting of or enter into any such subscription,
option, warrant, phantom share, stock unit, stock appreciation right, other equity-based awards, equity security, call, right,
commitment or agreement.&nbsp;&nbsp;There are no outstanding bonds, debentures, or other evidences of Indebtedness of Purchaser
or any Subsidiary thereof having the right to vote (or that are convertible for or exercisable into securities having the right
to vote) with the holders of the shares of Purchaser Common Stock on any matter.&nbsp;&nbsp;Except as contemplated by this Agreement,
there is no voting trust, proxy, registration rights agreement, rights plan, anti-takeover plan or other Contract or understanding
to which Purchaser or any of its Subsidiaries is a party or by which it is bound with respect to any equity security of any class
of Purchaser or with respect to any equity security, partnership interest or similar ownership interest of any class of any of
its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">9</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
shares of Purchaser Common Stock to be issued at the Effective Time as part of the Merger have, subject to the receipt of the Purchaser
Stockholder Approval, been duly authorized and, when issued and delivered in accordance with the terms of this Agreement will have
been validly issued and will be fully paid and nonassessable and the issuance thereof will not be subject to any preemptive or
other similar right.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Merger
Sub&rsquo;s authorized capital stock consists solely of 1,000 shares of common stock, $0.001 par value (&ldquo;Merger Sub Common
Stock&rdquo;), of which, as of the date hereof, 100 were issued and outstanding and none were reserved for issuance.&nbsp;&nbsp;As
of the date hereof, all of the outstanding shares of Merger Sub Common Stock are owned free and clear of any liens, claims or encumbrances
by Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Authority
Relative to this Agreement</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
and Merger Sub have all necessary corporate power and authority to execute and deliver this Agreement and subject to the receipt
of the Purchaser Stockholder Approval, to perform their respective obligations hereunder and to consummate the transactions contemplated
hereby and thereby.&nbsp;&nbsp;The execution, delivery and performance by Purchaser and Merger Sub of this Agreement and the consummation
by Purchaser and Merger Sub of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate
action on the part of Purchaser and Merger Sub, and no other corporate proceedings on the part of Purchaser or Merger Sub are necessary
to authorize this Agreement or to consummate the transactions so contemplated, other than the Purchaser Stockholder Approval.&nbsp;&nbsp;This
Agreement has been duly and validly executed and delivered by Purchaser and Merger Sub and, assuming the due authorization, execution
and delivery by Target, constitutes a valid, legal and binding obligation of Purchaser and Merger Sub, enforceable against Purchaser
and Merger Sub in accordance with its terms, except that such enforcement (i) may be subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other similar Laws, now or hereafter in effect, affecting creditors&rsquo; rights generally and (ii)
is subject to general principles of equity, whether considered in a proceeding at law or in equity.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">At
a meeting duly called and held, Purchaser&rsquo;s board of directors has unanimously: (i) determined that this Agreement and the
transactions contemplated hereby (including the Purchaser Share Issuance and the Merger) are advisable and fair to and in the best
interests of Purchaser and the holders of the shares of Purchaser Common Stock; (ii) authorized and approved this Agreement and
the transactions contemplated hereby (including the Purchaser Share Issuance and the Merger); and (iii) resolved to recommend the
approval and adoption of the Purchaser Share Issuance by its stockholders at the Purchaser Stockholder Meeting.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Conflict; Required Filings and Consents</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
execution, delivery and performance by Purchaser and Merger Sub of this Agreement and the consummation by Purchaser and Merger
Sub of the transactions contemplated hereby, do not and will not, subject to obtaining the Purchaser Stockholder Approval and receipt
of the Approvals referred to in Section 3.5(b) below, (i) contravene, conflict with or result in a violation or breach of any provision
of the Purchaser Charter Documents or the organizational documents of any of Purchaser&rsquo;s Subsidiaries, (ii) contravene, conflict
with or result in a violation or breach of any provisions of any Law applicable to Purchaser or any of its Subsidiaries or by which
its or any of their respective properties is bound or affected, (iii) require any consent or other action by any Person under,
constitute a default (or an event that, with or without notice or lapse of time or both, would constitute a default) under, or
cause or permit the termination, amendment, acceleration, triggering or cancellation or other change of any right or obligation
or the loss of any benefit to which Purchaser or any of its Subsidiaries is entitled under (A) any provision of any Contract binding
upon Purchaser or any of its Subsidiaries or (B) any license, permit, franchise, certificate, approval or other similar authorization
(&ldquo;Permits&rdquo;) held by, or affecting, or relating in any way to, the assets or business of, Purchaser or any of its Subsidiaries,
or (iv) result in the creation or imposition of any Lien on any asset of Purchaser or any of its Subsidiaries, other than such
exceptions in the case of clause (ii), (iii) or (iv) as would not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect with respect to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">10</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
execution, delivery and performance by Purchaser and Merger Sub of this Agreement and the consummation by Purchaser and Merger
Sub of the transactions contemplated hereby do not, and shall not, require any Approval, action by or in respect of, filing with
or notification to, any Governmental Entity, to be made or obtained by Purchaser or its Subsidiaries, except for (i) the compliance,
if required, with any applicable requirements of the HSR Act, including pre-merger notification requirements, (ii) the filing with
the SEC and the mailing to the holders of Purchaser Common Stock of the Purchaser Proxy Statement, and the filing with the SEC
of any reports that might be required pursuant to the Exchange Act in connection with this Agreement and the transactions contemplated
hereby, (iii) such other filings, authorizations, decisions or orders as may be required by the rules and regulations of NASDAQ
or any state securities or blue sky laws and&nbsp;&nbsp;(iv) the filing of the appropriate merger documents as required by the
NCA (including the Articles of Merger), and (v) any other Approvals or Permits, which, if not obtained, would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Compliance;
Permits</U>.&nbsp;&nbsp;Except as disclosed in the Purchaser SEC Reports, each of Purchaser, Merger Sub and their Subsidiaries
is, and at all times since January 1, 2008 has been, in all material respects in compliance with all Laws, Orders and Permits applicable
to it or by which its properties are bound, subject to or affected.&nbsp;&nbsp;Except as disclosed in Purchaser&rsquo;s Annual
Report on Form 10-K for the year ended December 31, 2010 (the &ldquo;Purchaser 10-K&rdquo;) or in the Purchaser SEC Reports filed
on or after the date of the Purchaser&rsquo;s 10-K, no investigation or review by any Governmental Entity is pending or, to the
knowledge of Purchaser or Merger Sub, threatened against Purchaser, Merger Sub or their Subsidiaries, other than, in each such
case, those the outcome of which have not had and would not, individually or in the aggregate, reasonably be expected to adversely
affect Purchaser or Merger Sub.&nbsp;&nbsp;To the knowledge of Purchaser and Merger Sub, neither Purchaser, Merger Sub nor any
of their Subsidiaries has received any notice that any Permit will be terminated or modified or cannot be renewed in the ordinary
course of business.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>SEC
Filings; Financial Statements</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Since
January 1, 2008, Purchaser has filed with the SEC all forms, reports, schedules, prospectuses, registration statements, proxy or
information statements and other documents required to be filed by Purchaser under applicable securities Laws (collectively, the
&ldquo;Purchaser SEC Reports&rdquo;). The Purchaser SEC Reports, at the time filed (or if amended or superseded by a filing prior
to the date of this Agreement, then on the date of such filing), complied in all material respects with the requirements of applicable
securities Laws and did not contain any misrepresentation or any untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which
they were made, not misleading. None of Purchaser&rsquo;s Subsidiaries is or has been required to file any reports or other documents
with the SEC or any other securities authority or regulator or any stock exchange or other self-regulatory authority.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">11</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
annual audited consolidated financial statements and the unaudited consolidated interim financial statements (including, in each
case, any related notes thereto) contained in the Purchaser SEC Reports (the &ldquo;Purchaser Financial Statements&rdquo;) were
prepared in accordance with United States generally accepted accounting principles (&ldquo;GAAP&rdquo;) applied on a basis consistent
throughout the periods indicated (except as may be indicated in the notes thereto or, in the case of unaudited statements, do not
contain footnotes as permitted by Form 10-Q under the Exchange Act) are based on the books and records of Purchaser and present
fairly, in all material respects, the consolidated financial position, results of operations and cash flows of Purchaser and its
Subsidiaries as of the dates and for the periods indicated therein (subject, in the case of unaudited statements, to normal, recurring
year-end adjustments that are not expected to be material in amount and the absence of notes thereto) on a consolidated basis.&nbsp;&nbsp;Purchaser
maintains a standard system of accounting established and administered in accordance with GAAP.&nbsp;&nbsp;Since September 30,
2011, there have been no material changes in Purchaser&rsquo;s accounting methods or principles that would be required to be disclosed
in Purchaser&rsquo;s financial statements in accordance with GAAP except as described in the notes to such financial statements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Since
January 1, 2008, neither Purchaser nor, to the knowledge of Purchaser, any of its Subsidiaries, directors, or officers has received
or otherwise had or obtained knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding
the accounting or auditing practices, procedures, methodologies or methods of Purchaser or any of its Subsidiaries or their respective
internal accounting controls, including any complaint, allegation, assertion or claim that Purchaser or any of its Subsidiaries
has engaged in questionable accounting or auditing practices that would reasonably be expected, individually or in the aggregate,
to have a Material Adverse Effect with respect to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">None
of the information to be supplied by or on behalf of Purchaser in for use in connection with the Target Stockholder Meeting will,
at the time of delivery to the Target Stockholders and any amendments or supplements made thereto, and at the time of the Target
Stockholder Meeting, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or 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="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">None
of the information to be included in or incorporated by reference into the S-4 or the Purchaser Proxy Statement (other than information
supplied by or on behalf of Target for inclusion therein) will, at the time of the effectiveness thereof and the mailing of the
Purchaser Proxy Statement and any amendments or supplements thereto, and at the time of the Purchaser Stockholder Meeting, contain
any untrue statement of a material fact or omit to state any material fact required to be stated therein or 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="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">12</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Controls
and Procedures</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Since
the enactment of the Sarbanes-Oxley Act of 2002 (the &ldquo;Sarbanes-Oxley Act&rdquo;), Purchaser has been and is in compliance
in all material respects with (i) the applicable provisions of the Sarbanes-Oxley Act and (ii) the applicable listing and corporate
governance rules and regulations of the NASDAQ.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of the principal executive officer and the principal financial officer of Purchaser (or each former principal executive officer
and former principal financial officer of Purchaser, as applicable) has made all certifications required under Sections 302 and
906 of the Sarbanes-Oxley Act and the related rules and regulations promulgated thereunder and under the Exchange Act with respect
to the Purchaser SEC Reports. For purposes of the preceding sentence, &ldquo;principal executive officer&rdquo; and &ldquo;principal
financial officer&rdquo; shall have the meanings given to such terms in the Sarbanes-Oxley Act.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.9</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Absence
of Certain Changes or Events</U>.&nbsp;&nbsp;Except as disclosed in the Purchaser 10-K or in the Purchaser SEC Reports filed on
or after the date of the Purchaser 10-K, since September 30, 2011, the business of Purchaser, Merger Sub and their Subsidiaries
has been conducted in the ordinary course consistent with past practices and there has not been (a) any event, occurrence or development
of a state of circumstances or facts which has had or would, individually or in the aggregate, reasonably be expected to have any
Material Adverse Effect with respect to Purchaser or Merger Sub, (b) any material revaluation by Purchaser or Merger Sub of any
of its assets, or (c) any material damage, destruction or loss (whether or not covered by insurance) with respect to any material
assets of Purchaser or its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.10</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Absence
of Litigation</U>.&nbsp;&nbsp;Except as disclosed in the Purchaser 10-K or in the Purchaser SEC Reports filed on or after the date
of the Purchaser 10-K, there is no Action that has been commenced or, to the knowledge of Purchaser, threatened against or affecting
Purchaser, Merger Sub or any Subsidiary thereof, or any of their officers, managers or directors in their capacities as officers,
managers or directors of Purchaser, Merger Sub or their respective Subsidiaries, or any of their respective properties, rights
or assets which, if determined adversely with respect to Purchaser, Merger Sub or their Subsidiary, would, individually or in the
aggregate, reasonably be expected to result in liability for damages or equitable relief or is reasonably likely to materially
and adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated hereby, and no circumstances
exist that could give rise to such an Action.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.11</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Property
and Title</U>.&nbsp;&nbsp;Except as disclosed in the Churchrock Section 8 Feasibility Study &ndash; Draft &ndash; Dated 12/15/11,
furnished to Target, or in the Purchaser 10-K or in the Purchaser SEC Reports filed on or after the date of the Purchaser 10-K
and applying customary standards in the United States mining industry, each of Purchaser and its Subsidiaries has, to the extent
necessary to permit the operation of their respective businesses as presently conducted good and sufficient fee, leasehold or possessory
title, clear of any title defect or Lien to its operating properties and properties with estimated proven and probable mineral
reserves and/or estimated mineral resources and its other real properties or interests therein to permit the use of land by Purchaser
and its Subsidiaries. Purchaser and its respective Subsidiaries hold all mineral rights required to continue their respective businesses
and operations as currently conducted and as proposed to be conducted.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">13</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.12</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Fee
Surface and Fee Mineral Lands</U>.&nbsp;&nbsp;The Purchaser 10-K discloses all material fee surface lands and fee mineral lands
owned by Purchaser and its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.13</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Surface
and Mineral Leases</U>.&nbsp;&nbsp;The Purchaser 10-K discloses all surface and mineral leases, usage rights, and agreements held
by Purchaser or its Subsidiaries (the &ldquo;Purchaser Surface and Mineral Leases&rdquo;).&nbsp;&nbsp;Except as disclosed in the
Purchaser 10-K or in the Purchaser SEC Reports filed on or after the date of the Purchaser 10-K, (i) the Purchaser Surface and
Mineral Leases are legal, valid and binding and are in full force and effect in accordance with their respective terms; (ii) Purchaser
and its Subsidiaries have complied in all material respects with the terms and provisions of the Purchaser Surface and Mineral
Leases; and (iii) neither Purchaser nor any of its Subsidiaries has received any notification of any unresolved violation or noncompliance
with the terms of the Purchaser Surface and Mineral Leases.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.14</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Mining
Claims</U>.&nbsp;&nbsp;The Purchaser 10-K describes all unpatented mining claims and mill sites of Purchaser or any of its Subsidiaries
(the &ldquo;Purchaser Mining Claims&rdquo;).&nbsp;&nbsp;Except as disclosed in the Purchaser 10-K or in the Purchaser SEC Reports
filed on or after the date of the Purchaser 10-K and applying customary standards in the United States mining industry and to the
knowledge of Purchaser, with respect to the Purchaser Mining Claims, subject to the paramount title of the United States:&nbsp;&nbsp;(a)
the unpatented mining claims were properly laid out and monumented; (b) all required location and validation work was properly
performed; (c) location notices and certificates were properly recorded and filed with appropriate Governmental Entities; (d) all
assessment work, location fees, mining claim rental fees, or mining claim maintenance fees required to hold the Purchaser Mining
Claims and maintain them in good standing through the applicable assessment year have been performed or have been paid; (e) all
affidavits of assessment work or of payment of maintenance fees or notices of intent to hold and other filings required to maintain
the claims in good standing have been properly and timely recorded or filed with appropriate Governmental Entities; (f) neither
Purchaser nor any of its Subsidiaries has received any notification of any unresolved violation or noncompliance with location
and maintenance requirements for the Purchaser Mining Claims, and (g) neither Purchaser nor any of its Subsidiaries has knowledge
of conflicting mining claims.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.15</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Water
Rights</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
or any of its Subsidiaries is the sole owner or lessee of the water rights described in the Purchaser 10-K (the &ldquo;Purchaser
Water Rights&rdquo;).&nbsp;&nbsp;Except as disclosed in the Purchaser 10-K or the Purchaser SEC Reports filed on or after the date
of the Purchaser 10-K, Purchaser or its Subsidiaries have good and sufficient title or leasehold interest in the Purchaser Water
Rights, which are free and clear of all Liens.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
as disclosed in the Purchaser 10-K or the Purchaser SEC Reports filed on or after the date of the Purchaser 10-K, there is no Action
pending, or to Purchaser&rsquo;s knowledge, threatened against Purchaser or any of its Subsidiaries, or any part of the Purchaser
Water Rights, which, if determined adversely to Purchaser or its Subsidiary, would materially and adversely impact Purchaser&rsquo;s
or such Subsidiary&rsquo;s ownership or use of the Purchaser Water Rights.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">14</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
as disclosed in the Purchaser 10-K or the Purchaser SEC Reports filed on or after the date of the Purchaser 10-K, neither Purchaser
nor any of its Subsidiaries has abandoned, or intended to abandon, or, forfeited any of the Purchaser Water Rights and to Purchaser&rsquo;s
knowledge, no claim or assertion of abandonment has been made by any Person or Governmental Entity.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
respect to the Purchaser Water Rights and except as disclosed in the Purchaser 10-K or the Purchaser SEC Reports filed on or after
the date of the Purchaser 10-K, there have been no unauthorized: (i) changes in points of diversion; (ii) storage of water; (iii)
changes in places of use; or (iv) changes in purpose of use.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.16</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Environmental
Matters</U>.&nbsp;&nbsp;Except as disclosed in the Purchaser 10-K or the Purchaser SEC Reports filed on or after the date of the
Purchaser 10-K:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Hazardous Substance has been discharged, disposed of, dumped, pumped, deposited, spilled, leaked, emitted or released by Purchaser
or any of its Subsidiaries (or, to the knowledge of Purchaser, is otherwise present) at, on, under or from any property now or
previously owned, leased or operated by Purchaser or any of its Subsidiaries (&ldquo;Purchaser Property&rdquo;) in such manner
or quantity that exceeds remediation criteria or standards under any applicable Environmental Laws or as would require investigation
or remediation (either by Purchaser or its Subsidiaries, or for which Purchaser or its Subsidiaries would otherwise be liable)
under any applicable Environmental Laws or as would adversely affect the business or operations of Purchaser or any of its Subsidiaries
and (ii) to the knowledge of Purchaser, there are no liabilities of Purchaser or any of its Subsidiaries arising out of any Environmental
Laws or any agreement with a third party and relating to any Hazardous Substances at, on, under or about any property other than
a Purchaser Property except with respect to which adequate provision in accordance with GAAP has been made in the Purchaser Financial
Statements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
operations of Purchaser and each of its Subsidiaries are and have been in material compliance with all, and have not violated any,
applicable Environmental Laws.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)
Purchaser and its Subsidiaries hold all material approvals, certificates, authorizations, agreements, permits, licenses, certificates,
clearances and consents under or pursuant to applicable Environmental Laws (the &ldquo;Purchaser Environmental Permits&rdquo;)
necessary for the conduct of Purchaser&lsquo;s and its Subsidiaries&rsquo; businesses as conducted currently and through the most
recent fiscal year, (ii) all such Purchaser Environmental Permits are disclosed in the Purchase SEC Reports and are valid and in
full force and effect, (iii) Target and its Subsidiaries have not violated any such Purchaser Environmental Permits, and (iv) neither
Purchaser nor any of its Subsidiaries has received any notice that any Purchaser Environmental Permits will be revoked, adversely
modified or not renewed, and to the knowledge of Purchaser there is no reasonable basis for revoking, adversely modifying or refusing
to renew any such Purchaser Environmental Permits.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">15</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Order or Action is pending, and to Purchaser&rsquo;s knowledge, no Order or Action has been threatened, by any Governmental Entity
or third party against or, to Purchaser&rsquo;s knowledge, affecting Purchaser or any of its Subsidiaries concerning any alleged
violation of or liability under any Environmental Law or concerning any Hazardous Substance.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Environmental Lien is pending, and to Purchaser&rsquo;s knowledge, no Environmental Lien has been threatened against or affecting
Purchaser, any of its Subsidiaries, or any real or personal property of Purchaser or any of its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.17</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Agreements,
Contracts and Commitments</U>.&nbsp;&nbsp;Each of the Contracts filed as an exhibit to the Purchaser 10-K or any of the Purchaser
SEC Reports filed on or after the date of the Purchaser 10-K is valid and in full force and effect.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.18</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Vote
Required</U>.&nbsp;&nbsp;The only vote of the holders of any class or series of Purchaser&rsquo;s capital stock or other securities
of Purchaser necessary to approve the transactions contemplated by this Agreement is the affirmative vote in favor of the Purchaser
Share Issuance by a majority of the votes cast on the Purchaser Share Issuance by the holders of the outstanding shares of Purchaser
Common Stock (such approval, the &ldquo;Purchaser Stockholder Approval&rdquo;).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.19</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Brokers</U>.&nbsp;&nbsp;Purchaser
and its Subsidiaries have not incurred, nor will they incur, directly or indirectly, any liability for brokerage or finder's fees
or agent&rsquo;s commissions or any similar charges in connection with this Agreement or any transaction contemplated hereby, except
for the fees of Cormark Securities Inc.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 4</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>REPRESENTATIONS AND
WARRANTIES OF TARGET</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Target represents and
warrants to Purchaser and Merger Sub, subject to such exceptions as are specifically disclosed in writing in the disclosure schedule
(arranged in sections and subsections corresponding to the numbered and lettered sections and subsections contained in this Article
4 with the disclosures in any section or subsection of such schedule qualifying the corresponding section or subsection in this
Article 4, as well as any other section or subsection of this Article 4 if the relevance of the disclosed item to such other section
or subsection is reasonably apparent on its face) supplied by Target to Purchaser dated as of the date hereof (the &ldquo;Target
Disclosure Schedule&rdquo;), that the following are true and correct as of the date of this Agreement and will be true and correct
as of the Effective Time as though made as of the Effective Time, except to the extent such representations and warranties are
specifically made as of a particular date (in which case such representations and warranties will be true and correct as of such
date).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Organization
and Qualification; Subsidiaries</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its
organization and has the requisite corporate, partnership or similar power and authority to own, lease and operate its assets and
properties and to carry on its business as now conducted, except where the failure to do so has not had and would not reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">16</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
true and complete list of all of Target&rsquo;s Subsidiaries, together with the jurisdiction of organization of each such Subsidiary
and the percentage of the outstanding capital stock, or other equity securities or ownership interests, of each such Subsidiary
owned by Target and each other Subsidiary of Target, is set forth in Section&nbsp;4.1(b) of the Target Disclosure Schedule.&nbsp;&nbsp;Other
than with respect to the Subsidiaries set forth in Section 4.1(b) of the Target Disclosure Schedule, Target does not directly or
indirectly own any equity interest in, or any interest convertible into or exchangeable or exercisable for any equity interest
in, any corporation, partnership, joint venture or other business entity, other than equity interests held for investment that
do not exceed a 1% interest in any such entity.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
of the outstanding capital stock of, or other equity securities or ownership interests in, each Subsidiary of Target, is owned
by Target, directly or indirectly, free and clear of any Lien and free of any other limitation or restriction (including any restriction
on the right to vote, sell or otherwise dispose of such capital stock or other equity securities or ownership interests), except
for restrictions imposed by applicable securities laws.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has agreed nor is it obligated to make nor is it bound by any Contract under which it may become
obligated to acquire any material equity interest or investment in, or make any material capital contribution to, any Person (other
than a wholly-owned Subsidiary of Target).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
and each of its Subsidiaries is duly qualified to do business as a foreign corporation or other foreign legal entity, and is in
good standing, under the Laws of all jurisdictions where the nature of its business requires such qualification, except for those
jurisdictions where the failure to be so qualified, individually or in the aggregate, has not had and would not be reasonably expected
to have, individually or in the aggregate, a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Articles
of Incorporation and Bylaws</U>.&nbsp;&nbsp;Target has made available to Purchaser complete and correct copies of its Articles
of Incorporation and Bylaws or other similar organizational documents, as well as the equivalent organizational documents for each
of its Subsidiaries (collectively, the &ldquo;Target Charter Documents&rdquo;), as amended to date. Such Target Charter Documents,
as so amended, are in full force and effect. Neither Target nor any Subsidiary of Target is in violation of any of the provisions
of the Target Charter Documents, as applicable.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Capitalization</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
of the date hereof, the authorized capital of Target consists of (i) 200,000,000 shares of common stock, par value $0.001 per share
(the &ldquo;Target Common Stock&rdquo;), of which 59,632,712 are outstanding as of February 24, 2012 and (ii) 10,000,000 shares
of preferred stock, par value $0.001 per share, none of which are outstanding as of the date hereof.&nbsp;&nbsp;As of the date
hereof, options to acquire an aggregate of 5,206,666 shares of Target Common Stock (the &ldquo;Options&rdquo;) are outstanding
under Target Option Plans.&nbsp;&nbsp;Target has also issued warrants and rights to receive warrants for the purchase of 5,885,714
shares of Target Common Stock (the &ldquo;Warrants&rdquo;) outstanding as of the date hereof, all of which are held by RMBAH and
will be terminated at Closing pursuant to the RMB Agreement.&nbsp;&nbsp;As of the date hereof, no shares of capital stock of Target
are held by any Subsidiary of Target or in treasury by Target.&nbsp;&nbsp;All issued and outstanding shares of capital stock of
Target and each of its Subsidiaries have been duly authorized and validly issued and are fully paid and nonassessable.&nbsp;&nbsp;Section
4.3(a) of the Target Disclosure Schedule contains a correct and complete list of (x)&nbsp;the names and addresses of the holders
of all the outstanding shares of Target Common Stock, Options and Warrants and (y) the number of shares of Target Common Stock
owned beneficially and of record by each holder thereof and the number of shares of Target Common Stock issuable to each Option
or Warrant holder pursuant to the Options and Warrants, including, with respect to the Options, the applicable vesting schedule,
exercise price and whether the Option is intended to qualify as an incentive stock option under the Code.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">17</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
for the Options and the Warrants, there are no subscriptions, options, warrants, phantom shares, stock units, stock appreciation
rights, other equity-based awards, equity securities, partnership interests, conversion privileges or similar ownership interests,
calls, rights (including preemptive rights) or Contracts of any character to which Target or any of its Subsidiaries is a party
or by which it is bound obligating Target or any of its Subsidiaries to issue, deliver or sell, or cause to be issued, delivered
or sold, or to repurchase, redeem or otherwise acquire, or cause the repurchase, redemption or acquisition of, any equity securities,
partnership interests or similar ownership interests of Target or any of its Subsidiaries, or obligating Target or any of its Subsidiaries
to grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, phantom share, stock unit, stock
appreciation right, other equity-based award, equity security, call, right, commitment or agreement. There are no outstanding bonds,
debentures, or other evidences of Indebtedness of Target or any Subsidiary thereof having the right to vote (or that are convertible
for or exercisable into securities having the right to vote) with the Target Stockholders on any matter. Except as contemplated
by this Agreement, there is no voting trust, proxy, registration rights agreement, rights plan, anti-takeover plan or other Contract
or understanding to which Target or any of its Subsidiaries is a party or by which it is bound with respect to any equity security
of any class of Target or with respect to any equity security, partnership interest or similar ownership interest of any class
of any of its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Authority
Relative to this Agreement</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
has all necessary corporate power and authority to execute and deliver this Agreement and, subject to the receipt of the Target
Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby and thereby.
The execution, delivery and performance by Target of this Agreement and the consummation by Target of the transactions contemplated
hereby have been duly and validly authorized by all necessary corporate action on the part of Target, and no other corporate proceedings
on the part of Target are necessary to authorize this Agreement, or to consummate the transactions so contemplated, other than
the Target Stockholder Approval. This Agreement has been duly and validly executed and delivered by Target and, assuming the due
authorization, execution and delivery by Purchaser and Merger Sub, constitutes a valid, legal and binding obligation of Target,
enforceable against Target in accordance with its terms, except that such enforcement (i)&nbsp;may be subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other similar Laws, now or hereafter in effect, affecting creditors&rsquo; rights generally,
and (ii) is subject to general principles of equity, whether considered in a proceeding at law or in equity.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">18</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">At
a meeting duly called and held, Target&rsquo;s board of directors has unanimously: (i) determined that this Agreement and the transactions
contemplated hereby (including the Merger) are fair to and in the best interests of Target and the Target Stockholders; (ii) authorized
and approved this Agreement and the transactions contemplated hereby (including the Merger); and (iii) resolved to recommend approval
and adoption of the Merger by Target&rsquo;s stockholders at the Target Stockholder Meeting.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Conflict; Required Filings and Consents</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
execution, delivery and performance by Target of this Agreement and the consummation by Target of the transactions contemplated
hereby do not and will not, subject to obtaining the Target Stockholder Approval and receipt of the Approvals referred to in Section
4.5(b) below, (i) contravene, conflict with or result in a violation or breach of any provision of the Target Charter Documents,
(ii) contravene, conflict with or result in a violation or breach of any provisions of any Law applicable to Target or any of its
Subsidiaries or by which its or any of their respective properties is bound or affected, (iii) require any consent or other action
by any Person under, constitute a default (or an event that, with or without notice or lapse of time or both, would constitute
a default) under, or cause or permit the termination, amendment, acceleration, triggering or cancellation or other change of any
right or obligation or the loss of any benefit to which Target or any of its Subsidiaries is entitled under (A) any provision of
any Contract binding upon Target or any of its Subsidiaries or (B) any Permit held by, or affecting, or relating in any way to,
the assets or business of, Target or any of its Subsidiaries, or (iv) result in the creation or imposition of any Lien on any asset
of Target or any of its Subsidiaries, other than such exceptions in the case of clause (ii), (iii) or (iv) as would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
execution, delivery and performance by Target of this Agreement and the consummation by Target of the transactions contemplated
hereby do not, and shall not, require any Approval, action by or in respect of, filing with or notification to, any Governmental
Entity, to be made or obtained by Target or its Subsidiaries, except for (i) compliance, if required, with any applicable requirements
of the HSR Act, including pre-merger notification requirements thereunder and (ii) the filing of the appropriate merger documents
as required by the NCA (including the Articles of Merger).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Compliance;
Permits</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries is, and at all times since January 1, 2008 has been, in all material respects, in compliance with
all Laws and Orders applicable to it or by which its properties are bound or affected.&nbsp;&nbsp;No investigation or review by
any Governmental Entity is pending or, to the knowledge of Target, threatened against Target or its Subsidiaries, other than, in
each such case, those the outcome of which have not had and would not, individually or in the aggregate, reasonably be expected
to adversely affect Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries owns, possesses or has obtained, and is, and at all times since January 1, 2008 has been, in all
material respects in compliance with all Permits of or from any Governmental Entity necessary to conduct its business as now conducted.&nbsp;&nbsp;All
material Target Permits are listed in Section 4.6(b) of the Target Disclosure Schedule.&nbsp;&nbsp;To the knowledge of Target,
neither Target nor any of its Subsidiaries has received any notice that any Permit will be terminated or modified or cannot be
renewed in the ordinary course of business.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">19</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Financial
Statements</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
has furnished to Purchaser complete copies of Target&rsquo;s audited financial statements consisting of the balance sheet of Target
as of December 31 in each of the years 2008, 2009 and 2010 and the related statements of income and retained earnings, stockholders&rsquo;
equity and cash flow for the years then ended (the &ldquo;Audited Financial Statements&rdquo;), and unaudited financial statements
consisting of the balance sheet of Target as of September 30, 2011<B>&nbsp;</B>(the &ldquo;Most Recent Balance Sheet&rdquo;) and
the related statements of income and retained earnings, stockholders&rsquo; equity and cash flow for the three-month period then
ended (the &ldquo;Interim Financial Statements&rdquo; and, together with the Audited Financial Statements, the &ldquo;Target Financial
Statements&rdquo;). The Target Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout
the period involved, subject, in the case of the Interim Financial Statements, to normal and recurring year-end adjustments (the
effect of which will not be materially adverse) and the absence of notes.&nbsp;&nbsp;The Target Financial Statements are based
on the books and records of Target, and fairly present, in all material respects, the financial condition of Target as of the respective
dates they were prepared and the results of the operations of Target for the periods indicated subject, in the case of the Interim
Financial Statements, to normal and recurring year-end adjustments.&nbsp;&nbsp;Target maintains a standard system of accounting
established and administered in accordance with GAAP.&nbsp;&nbsp;Since<B>&nbsp;</B>the date of the Most Recent Balance Sheet, there
have been no material changes in Target&rsquo;s accounting methods or principles that would be required to be disclosed in Target&rsquo;s
financial statements in accordance with GAAP except as described in the notes to such financial statements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
books and records of Target and its Subsidiaries, in all material respects, (i) have been maintained in accordance with good business
practices on a basis consistent with prior years, (ii) state in reasonable detail the material transactions and dispositions of
the assets of Target and its Subsidiaries and (iii) accurately and fairly reflect the basis for the Target Financial Statements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
has designed and maintains a system of internal controls over financial reporting sufficient to provide reasonable assurances regarding
the reliability of financial reporting and the preparation of financial statements in conformity with GAAP.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Since
January 1, 2008, neither Target nor, to the knowledge of Target, any of its Subsidiaries, directors, officers or auditors of Target
has received or otherwise had or obtained knowledge of any material complaint, allegation, assertion or claim, whether written
or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of Target or any of its Subsidiaries
or their respective internal accounting controls, including any complaint, allegation, assertion or claim that Target or any of
its Subsidiaries has engaged in questionable accounting or auditing practices.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">None
of the information to be supplied by or on behalf of Target or its Affiliates for inclusion in the S-4 or the Purchaser Proxy Statement
will, at the time of the effectiveness thereof and at the time of the mailing of the Purchaser Proxy Statement and any amendments
or supplements thereto, contain any untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary in order to make the statements therein, in the light of the circumstances under which they are made, not
misleading.&nbsp;&nbsp;If Target provides information to Target Stockholders in connection with the Target Stockholder Approval
other than the S-4 or the Purchaser Proxy Statement, none of such information will, at the time of delivery and any amendments
or supplements made thereto, contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein or 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="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">20</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Undisclosed Liabilities</U>.&nbsp;&nbsp;Neither Target nor any of its Subsidiaries has any liabilities (absolute, accrued, contingent,
determined, determinable or otherwise) or obligations, in each case, of the type that would be required to be disclosed on a consolidated
balance sheet of Target (or the notes thereto) other than (a) liabilities or obligations fully reflected or reserved against in
the Most Recent Balance Sheet (or the notes thereto), included in the Target Financial Statements, (b) liabilities incurred since
the date of the Most Recent Balance Sheet in the ordinary course of business consistent with past practice, (c) obligations arising
pursuant to the terms of this Agreement or the Contracts disclosed in Section 4.22 of the Target Disclosure Schedule (or not required
to be so disclosed), or (d) liabilities or obligations that do not individually or in the aggregate exceed $25,000.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.9</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Absence
of Certain Changes or Events</U>.&nbsp;&nbsp;Since the date of the Most Recent Balance Sheet, the business of Target and its Subsidiaries
has been conducted in the ordinary course consistent with past practices and there has not been (a) any event, occurrence or development
of a state of circumstances or facts which has had or would, individually or in the aggregate, reasonably be expected to have any
Material Adverse Effect with respect to Target, (b) any material revaluation by Target of any of its assets, or (c) any material
damage, destruction or loss (whether or not covered by insurance) with respect to any material assets of Target or its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.10</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Absence
of Litigation</U>.&nbsp;&nbsp;There is no Action that has been commenced or, to the knowledge of Target, threatened against or
affecting Target or any Subsidiary thereof, or any of their officers, managers or directors in their capacities as officers, managers
or directors of Target or its Subsidiary, or any of their respective properties, rights or assets which, if determined adversely
with respect to Target or its Subsidiary, would, individually or in the aggregate, reasonably be expected to result in liability
for damages or equitable relief or is reasonably likely to materially and adversely affect the ability of Target to consummate
the transactions contemplated hereby, and no circumstances exist that could give rise to such an Action.&nbsp;&nbsp;Neither Target
nor any Subsidiary thereof, nor any of their respective properties, rights or assets, is subject to any outstanding Order that
has had or would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.11</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Employee
Plans</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Section
4.11(a) of the Target Disclosure Schedule contains a true and complete list of (i) all Target Employee Plans currently in effect
and (ii) all Target Employee Plans under which there remains any outstanding liability.&nbsp;&nbsp;Target has provided Purchaser
with a true, accurate and complete copy of each Target Employee Plan listed in such Section 4.11(a) of the Target Disclosure Schedule
which is in writing, as currently in effect (and in the case of any Target Employee Plan that is not in written form, a written
description of such Target Employee Plan, together with either the most recent financial statements prepared for each such Target
Employee Plan, if any.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 27 -->
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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">21</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
and each Subsidiary thereof, has complied, in all material respects, with all the terms of, and all applicable Laws in respect
of, each Target Employee Plan sponsored, maintained or contributed to by them (as applicable).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
Target Employee Plan intended to be tax qualified under the Code has been the subject of a determination letter (or in the case
of a master or prototype plan, a comparable opinion letter) from the IRS to the effect that the form of such Target Employee Plan
is qualified and exempt from Federal income Taxes under Sections 401(a) and 501(a), respectively, of the Code.&nbsp;&nbsp;Each
Target Employee Plan intended to be tax qualified under the Code has been established, registered and operated in all material
respects in accordance with the applicable requirements of the Code and other applicable Law. No step has been taken, no event
has occurred and no condition or circumstance exists that has resulted or could reasonably be expected to result in any Target
Employee Plan being ordered or required to be terminated or wound up in whole or in part or having its tax qualification or registration
under applicable Law refused or revoked, or being placed under the administration of any trustee or receiver or regulatory authority
or being required to pay any material Taxes, fees, penalties or levies under applicable Laws. There are no actions, suits, claims
(other than routine claims for payment of benefits in the ordinary course), trials, demands, investigations, arbitrations, or other
proceedings which are pending or threatened in respect of any of the Target Employee Plans or their assets which individually or
in the aggregate would have a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
event has occurred or condition exists with respect to any Target Employee Plan or relating to any individual who currently or
previously provided personal services to Target or any Subsidiary or ERISA Affiliate thereof (if any), whether as an employee,
an independent contractor or otherwise (or any beneficiary or dependent of any such individual) which, individually or in the aggregate,
is reasonably likely to result in a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
consummation of the transactions contemplated by this Agreement will not by itself entitle any employee or any independent contractor
of Target or any Subsidiary thereof to severance or similar pay, or accelerate the time of payment or vesting or trigger any payment
of funding (through a grantor trust or otherwise) or compensation or benefits under, increase the amount payable or trigger any
other material obligation pursuant to, any Target Employee Plan.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
consummation of the transactions contemplated by this Agreement will not (either alone or upon the occurrence of additional acts
or events) result in any payment under any Target Employee Plan that would constitute an &ldquo;excess parachute payment&rdquo;
for purposes of Section 280G or 4999 of the Code.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">22</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.12</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Labor
and Employee Matters</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">There
are no collective bargaining agreements to which Target or any Subsidiary thereof is a party or involving employees of Target or
any Subsidiary thereof.&nbsp;&nbsp;To the knowledge of Target, there are no threatened or apparent union organizing activities
involving employees of Target or any Subsidiary thereof. There is no strike or lockout occurring or, to the knowledge of Target,
threatened affecting Target or any Subsidiary thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any Subsidiary thereof is subject to any claim for wrongful dismissal, constructive dismissal or any other tort claim,
actual or threatened, or any litigation, actual or threatened, relating to its employees or independent contractors (including
any termination of such persons). Target and each Subsidiary thereof has operated in material compliance with all applicable Laws
with respect to employment and labor, including employment and labor standards, employment equity, pay equity, workers&rsquo; compensation,
human rights and labor relations and there are no current, pending or threatened proceedings before any board or tribunal with
respect to any of the areas listed herein. Target and each Subsidiary thereof has operated in material compliance with the National
Labor Relations Act (U.S.) as amended, and the rules and regulations promulgated thereunder and any and all similar Laws.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Section
4.12(c) of the Target Disclosure Schedule sets forth a complete and accurate list, as of September 30, 2011 and as of the date
hereof, of all (i) employees, independent contractors and consultants employed or retained by or on behalf of the Target and, for
each such Person, his or her work location, position, status (<I>i.e.,</I> full- or part-time employee, temporary employee, independent
contractor, consultant), annual salary or hourly wage rate, as applicable, or target bonus for 2012 (if any), and the date on which
he or she became employed. Except as set forth in Section 4.12(c) of the Target Disclosure Schedule or as otherwise provided pursuant
to applicable Law, each such person can be dismissed immediately and without advance notice or Liability to such person (other
than for salary or wages for time worked or benefits disclosed in Section 4.12(c) of the Target Disclosure Schedule).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.13</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Property
and Title</U>.&nbsp;&nbsp;Applying customary standards in the United States mining industry, each of Target and its Subsidiaries
has, to the extent necessary to permit the operation of their respective businesses as presently conducted good and sufficient
fee, leasehold or possessory title, clear of any title defect or Lien to its operating properties and properties with estimated
proven and probable mineral reserves and/or estimated mineral resources and its other real properties or interests therein to permit
the use of land by Target and its Subsidiaries. Target and its Subsidiaries hold all mineral rights required to continue their
respective businesses and operations as currently conducted and as proposed to be conducted.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.14</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Fee
Surface and Fee Mineral Lands</U>.&nbsp;&nbsp;Section 4.14 of the Target Disclosure Schedule lists all material fee surface lands
and fee mineral lands owned by Target and its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.15</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Surface
and Mineral Leases</U>.&nbsp;&nbsp;Section 4.15 of the Target Disclosure Schedule lists all surface and mineral leases, usage rights,
and agreements held by Target or any of its Subsidiaries (the &ldquo;Target Surface and Mineral Leases&rdquo;).&nbsp;&nbsp;The
Target Surface and Mineral Leases are legal, valid and binding and are in full force and effect in accordance with their respective
terms.&nbsp;&nbsp;Target and its Subsidiaries have complied in all material respects with the terms and provisions of the Target
Surface and Mineral Leases.&nbsp;&nbsp;Neither Target nor any of its Subsidiaries has received any notification of any unresolved
violation or noncompliance with the terms of the Target Surface and Mineral Leases.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">23</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.16</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Mining
Claims</U>.&nbsp;&nbsp;Section 4.16 of the Target Disclosure Schedule describes all unpatented mining claims and mill sites of
Target or any of its Subsidiaries (the &ldquo;Target Mining Claims&rdquo;).&nbsp;&nbsp;Applying customary standards in the United
States mining industry and to the knowledge of Target, with respect to the Target Mining Claims, subject to the paramount title
of the United States:&nbsp;&nbsp;(a) the unpatented mining claims were properly laid out and monumented; (b) all required location
and validation work was properly performed; (c) location notices and certificates were properly recorded and filed with appropriate
Governmental Entities; (d) all assessment work, location fees, mining claim rental fees, or mining claim maintenance fees required
to hold the Target Mining Claims and maintain them in good standing through the assessment year ending August 31, 2012 have been
performed or have been paid; (e) all affidavits of assessment work or of payment of maintenance fees or notices of intent to hold
and other filings required to maintain the claims in good standing have been properly and timely recorded or filed with appropriate
Governmental Entities; (f) neither Target nor any of its Subsidiaries has received any notification of any unresolved violation
or noncompliance with location and maintenance requirements for the Target Mining Claims, and (g) neither Target nor any of its
Subsidiaries has knowledge of conflicting mining claims.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.17</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Water
Rights</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
or its Subsidiary is the lessee of the water rights set forth in Section 4.17(a) of the Target Disclosure Schedule (the &ldquo;Target
Water Rights&rdquo;).&nbsp;&nbsp;Target or its Subsidiary have a good and sufficient leasehold interest in the Target Water Rights
pursuant to the instruments set forth in Section 4.17(a) of the Target Disclosure Schedule, which leasehold interest is free and
clear of all Liens.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has received any written notice from any Governmental Entity that use of the Target Water Rights
violates any Laws of any Governmental Entity having jurisdiction over the Target Water Rights.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">There
is no Action pending, or to Target&rsquo;s knowledge, threatened against Target or any of its Subsidiaries, or any part of the
Target Water Rights, which, if determined adversely to Target or Subsidiary, would materially and adversely impact Target or such
Subsidiary&rsquo;s ownership or use of the Target Water Rights.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has abandoned, or intended to abandon, or, forfeited any of the Target Water Rights and to Target&rsquo;s
knowledge, no claim or assertion of abandonment has been made by any Person or Governmental Entity.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
respect to the Target Water Rights, there have been no unauthorized: (i) changes in points of diversion; (ii) storage of water;
(iii) changes in places of use; or (iv) changes in purpose of use.</FONT></P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">24</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.18</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Insurance</U>.&nbsp;&nbsp;Target
maintains insurance policies covering the assets, business, equipment, properties, operations, employees, officers and directors
of Target and its Subsidiaries (collectively, the &ldquo;Target Insurance Policies&rdquo;) which are of the type and in amounts
which are customary for the conduct of its business and are in full force in effect on the date hereof and will be in full force
and effect on the Effective Time. To Target&rsquo;s knowledge, (a) neither Target nor any Subsidiary thereof has received any notice
from any insurer or agent of any insurer of any cancellation or termination of any policy, including by reason of the execution,
delivery or performance of this Agreement, and (b) there is no material claim by Target or any of its Subsidiaries pending under
any of the material Target Insurance Policies as to which coverage has been questioned, denied or disputed by the underwriters
of such policies or bonds that would have a Material Adverse Effect with respect to Target.&nbsp;&nbsp;Neither Target nor any Subsidiary
thereof is in breach of or default under, or has taken any action which could permit termination or material modification of, any
material insurance policies.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.19</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Taxes</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries have filed all Tax Returns that they were required to file under applicable Laws.&nbsp;&nbsp;All
such Tax Returns were correct and complete in all respects and were prepared in substantial compliance with all applicable Laws.&nbsp;&nbsp;All
Taxes due and owing by Target or any of its Subsidiaries (whether or not shown on any Tax Return) have been paid.&nbsp;&nbsp;Neither
Target nor any of its Subsidiaries currently is the beneficiary of any extension of time within which to file any Tax Return.&nbsp;&nbsp;No
claim has ever been made by an authority in a jurisdiction where Target or any of its Subsidiaries does not file Tax Returns that
Target or any of its Subsidiaries is or may be subject to taxation by that jurisdiction.&nbsp;&nbsp;There are no Liens for Taxes
(other than Taxes not yet due and payable) upon any of the assets of Target or any of its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries have withheld and paid all Taxes required to have been withheld and paid in connection with any
amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third party.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
federal, state, local, or non-U.S. tax audits or administrative or judicial Tax proceedings are pending or being conducted with
respect to Target or any of its Subsidiaries.&nbsp;&nbsp;Neither Target nor any of its Subsidiaries has received from any federal,
state, local, or non-U.S. taxing authority (including jurisdictions where Target or its Subsidiaries have not filed Tax Returns)
any (i) written notice indicating an intent to open an audit or other review, (ii) request for information related to Tax matters,
or (iii) notice of deficiency or proposed adjustment for any amount of Tax proposed, asserted, or assessed by any taxing authority
against Target or any of its Subsidiaries.&nbsp;&nbsp;Section 4.19(c) of the Target Disclosure Schedule lists all federal, state,
local, and non-U.S. income Tax Returns filed with respect to any of Target or its Subsidiaries for taxable periods ended on or
after December 31, 2006, indicates those Tax Returns that have been audited, and indicates those Tax Returns that currently are
the subject of audit.&nbsp;&nbsp;Correct and complete copies of all federal income Tax Returns, examination reports, and statements
of deficiencies assessed against or agreed to by Target or any of its Subsidiaries filed or received since December 31, 2006 have
been delivered to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">25</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has waived any statute of limitations in respect of Taxes or agreed to any extension of time
with respect to a Tax assessment or deficiency.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and its Subsidiaries have disclosed on their federal income Tax Returns all positions taken therein that could give rise
to a substantial understatement of federal income Tax within the meaning of Section 6662 of the Code.&nbsp;&nbsp;Neither Target
nor any of its Subsidiaries is a party to or bound by any Tax allocation or sharing agreement.&nbsp;&nbsp;Neither Target nor any
of its Subsidiaries (A) has been a member of an affiliated group filing a consolidated federal income Tax Return (other than a
group the common parent of which was Target) or (B) has any liability for the Taxes of any Person (other than Target or any of
its Subsidiaries) under Treas. Reg. &sect;1.1502-6 (or any similar provision of state, local, or non-U.S. law), or as a transferee
or successor, by contract, or otherwise.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
unpaid Taxes of Target and its Subsidiaries (A) did not, as of January 31, 2012, exceed the reserve for Tax liability (rather than
any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of
the Most Recent Balance Sheet (rather than in any notes thereto) and (B) do not exceed that reserve as adjusted for the passage
of time through the Closing Date in accordance with the past custom and practice of Target and its Subsidiaries in filing their
Tax Returns.&nbsp;&nbsp;Since the date of the Most Recent Balance Sheet, neither Target nor any of its Subsidiaries has incurred
any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the Target&rsquo;s ordinary
course of business consistent with past custom and practice.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries will be required to include any item of income in, or exclude any item of deduction from, taxable
income for any taxable period (or portion thereof) ending after the Closing Date as a result of any:</FONT></P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">change
in method of accounting for a taxable period ending on or prior to the Closing Date;</FONT></P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(ii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;closing
agreement&rdquo; as described in Section 7121 of the Code (or any corresponding or similar provision of state, local, or non-U.S.
income Tax law) executed on or prior to the Closing Date;</FONT></P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">intercompany
transaction or excess loss account described in Treasury Regulations under Code &sect;1502 (or any corresponding or similar provision
of state, local, or non-U.S. income Tax law);</FONT></P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iv)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">installment
sale or open transaction disposition made on or prior to the Closing Date;</FONT></P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(v)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">prepaid
amount received on or prior to the Closing Date; or</FONT></P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 54pt; margin: 0pt 0 0pt 18pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(vi)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">election
under Section 108(i) of the Code.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has distributed stock of another Person, or has had its stock distributed by another Person,
in a transaction that was purported or intended to be governed in whole or in part by Code &sect;355 or Code &sect;361.Neither
Target nor any of its Subsidiaries is or has been a party to any &lsquo;&lsquo;reportable transaction,&rsquo;&rsquo; as defined
in Code &sect;6707A(c)(1) and Reg. &sect;1.6011-4(b).</FONT></P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">26</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries (A) is a &ldquo;controlled foreign corporation&rdquo; as defined in Code &sect;957, (B) is a
&ldquo;passive foreign investment company&rdquo; within the meaning of Code &sect;1297, or (C) has a permanent establishment (within
the meaning of an applicable Tax treaty) or otherwise has an office or fixed place of business in a country other than the country
in which it is organized.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(j)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neither
Target nor any of its Subsidiaries has received any private letter ruling from the IRS (or any comparable ruling from any other
taxing authority).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.20</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;<U>Environmental
Matters</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Hazardous Substance has been discharged, disposed of, dumped, pumped, deposited, spilled, leaked, emitted or released by Target
or any of its Subsidiaries (or, to the knowledge of Target, is otherwise present) at, on, under or from any property now or previously
owned, leased or operated by Target or any of its Subsidiaries (&ldquo;Target Property&rdquo;) in such manner or quantity that
exceeds remediation criteria or standards under any applicable Environmental Laws or as would require investigation or remediation
(either by Target or its Subsidiaries, or for which Target or its Subsidiaries would otherwise be liable) under any applicable
Environmental Laws or as would adversely affect the business or operations of Target or any of its Subsidiaries and (ii) to the
knowledge of Target, there are no liabilities of Target or any of its Subsidiaries arising out of any Environmental Laws or any
agreement with a third party and relating to any Hazardous Substances at, on, under or about any property other than a Target Property
except with respect to which adequate provision in accordance with GAAP has been made in the Target Financial Statements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
operations of Target and each of its Subsidiaries are and have been in material compliance with all, and have not violated any,
applicable Environmental Laws.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)
Target and its Subsidiaries hold all material approvals, certificates, authorizations, agreements, permits, licenses, certificates,
clearances and consents under or pursuant to applicable Environmental Laws (the &ldquo;Target Environmental Permits&rdquo;) necessary
for the conduct of Target&rsquo;s and its Subsidiaries&rsquo; businesses as conducted currently and through the most recent fiscal
year, (ii) all such Target Environmental Permits are listed in Section 4.20(c) of the Target Disclosure Schedule and are valid
and in full force and effect, (iii) Target and its Subsidiaries have been in material compliance with any such Target Environmental
Permits, and (iv) neither Target nor any of its Subsidiaries has received any notice that any Target Environmental Permits will
be revoked, adversely modified or not renewed, and to the knowledge of Target there is no reasonable basis for revoking, adversely
modifying or refusing to renew any such Target Environmental Permits.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Order or Action is pending, and to Target&rsquo;s knowledge, no Order or Action has been threatened, by any Governmental Entity
or third party against or, to Target&rsquo;s knowledge, affecting Target or any of its Subsidiaries concerning any alleged violation
of or liability under any Environmental Law or concerning any Hazardous Substance.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">27</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No
Environmental Lien is pending, and to Target&rsquo;s knowledge, no Environmental Lien has been threatened against or affecting
Target, any of its Subsidiaries, or any real or personal property of Target or any of its Subsidiaries.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.21</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Intellectual
Property</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;Proprietary
Rights&rdquo; means all of the patents, inventions, internet domain names, URL addresses, trade secrets, trademarks, trade names
and copyrights, and all applications therefor and registrations thereof, necessary to conduct Target&rsquo;s business as it is
currently conducted, other than any software which is commercially available and the subject of an &ldquo;off-the-shelf&rdquo;,
&ldquo;click-wrap&rdquo; or &ldquo;shrink-wrap&rdquo; license or similar agreement. Section 4.21(a) of the Target Disclosure Schedule
sets forth a true, correct and complete list of all patents, registered internet domain names, registered URL addresses, registered
trademarks, registered copyrights and all applications therefor which are owned by Target, included in the Proprietary Rights and
material to the conduct of Target&rsquo;s business as it is currently conducted.&nbsp;&nbsp;Target owns or is licensed to use the
Proprietary Rights free and clear of all Liens granted or permitted by Target.&nbsp;&nbsp;Except as set forth in Section 4.21(a)
of the Target Disclosure Schedule, Target owns or possesses adequate and enforceable rights to use all patents, service marks,
trade names, trademarks, copyrights or trade secrets included within the Proprietary Rights to the extent necessary for the conduct
of Target&rsquo;s business as it is currently conducted, except to the extent any such failure to so own or possess such rights
would not reasonably be expected to have a Material Adverse Effect.&nbsp;&nbsp;None of the Proprietary Rights is subject to any
outstanding order, and no Action is pending or, to the Knowledge of the Principal Sellers, threatened, that challenges the validity,
enforceability, ownership, use or licensing of such Proprietary Rights.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
for licenses and agreements into which Target enters in the ordinary course of business, Section 4.21(b) of the Target Disclosure
Schedule sets forth all licenses, sublicenses, assignments and other agreements under which Target is either a licensor, licensee,
assignor or assignee of any Proprietary Rights which are material to the conduct of Target&rsquo;s business as it is currently
conducted.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
owned Proprietary Rights do not infringe upon any domestic or foreign copyright, patent, trademark, trade name, service mark, mask
work, trade secret or other intellectual property or proprietary right owned by another Person, and Target has not received any
written notice of any claim of infringement or any other claim or proceeding relating to any such copyright, patent, trademark,
trade name, service mark, mask work, trade secret or other intellectual property or proprietary right.&nbsp;&nbsp;To the knowledge
of Target, no Person is infringing upon or otherwise violating the owned Proprietary Rights.&nbsp;&nbsp;To the knowledge of Target,
no employee or consultant of Target is in violation of any requirement of law applicable to such employee or consultant or any
term of any employment or consulting agreement, any patent or invention disclosure agreement, any non-competition or non-disclosure
agreement, or any other contract or agreement relating to the relationship of such employee or consultant with Target, in the case
of any of the foregoing, solely to the extent having a Material Adverse Effect on Target&rsquo;s ownership of or right to use any
Proprietary Rights as necessary to conduct Target&rsquo;s business as currently conducted.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">28</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Since
January 1, 2008, Target has taken reasonable security measures to protect the confidentiality of all designs, plans, trade secrets,
source codes, inventions, processes, procedures, research records, know-how and formulae included within the Proprietary Rights,
the value of which is contingent upon maintenance of confidentiality thereof, including, without limitation, requiring all Target
employees and consultants and all other persons with access to such&nbsp;&nbsp;designs, plans, trade secrets, source codes, inventions,
processes, procedures, research records, know-how and formulae to be bound by confidentiality or non-disclosure agreements.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
for computer software under development, the computer software owned by Target which is material to the conduct of Target&rsquo;s
business as it is currently conducted (subject to such exception, the &ldquo;Software&rdquo;) performs in all material respects
in accordance with its written documented specifications (if any), is in machine-readable form, contains all current revisions
of the Software, and includes all object code and material source code forms of the Software and all currently existing materials,
processes, disks, tapes and know-how related to the Software.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Except
as set forth in Section 4.21(f) of the Target Disclosure Schedule, Target has no further obligation to compensate any Person for
the development, use, sale or exploitation of the Software nor has Target granted to any other Person or entity any license, option
or other rights to develop, use, sell or exploit in any manner the Software, whether requiring the payment of royalties or not.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.22</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Agreements,
Contracts and Commitments</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Section
4.22(a) of the Target Disclosure Schedule lists each Transaction Agreement and each Contract to which Target and each of its Subsidiaries
is a party or bound and that fall within any of the following categories (each, a &ldquo;Material Target Contract&rdquo;): (i)
Contracts not entered into in the ordinary course of business, (ii) joint venture, partnership and similar agreements, (iii) Contracts
which are service contracts or equipment leases involving payments by Target of more than $10,000 per year, (iv) Contracts containing
covenants purporting to limit the freedom of Target (or, after the Closing, Purchaser or its Subsidiaries) to compete in any line
of business in any geographic area or to hire any individual or group of individuals, or requiring Target (or, after the Closing,
Purchaser or its Subsidiaries) to deal exclusively with, grant exclusive rights to, or refrain from dealing with products that
are competitive with any other party&rsquo;s products, (v) Contracts which contain minimum purchase conditions or requirements
or other terms that restrict or limit the purchasing relationships of Target or its Affiliates, or any customer, licensee or lessee
thereof, (vi)&nbsp;Contracts relating to any outstanding commitment for capital expenditures of more than $10,000 per year, (vii)
Contracts relating to the lease or sublease of or sale or purchase of real or personal property involving any annual expense or
price in excess of $10,000 and not cancelable by Target (without premium or penalty) within 90 days, (viii) Contracts with any
labor organization, (ix)&nbsp;indentures, mortgages, promissory notes, loan agreements, guarantees, letters of credit or other
agreements or instruments of Target or commitments for the borrowing or the lending of amounts in excess of $10,000 by Target or
providing for the creation of any Lien upon any of the assets of Target, (x) Contracts providing for &ldquo;earn-outs&rdquo; or
other contingent payments, (xi) Contracts with or for the benefit of any holder of capital stock or options to purchase capital
stock of Target, Affiliate of Target or, to the knowledge of Target, any such holder or immediate family member thereof, (xii)
Contracts with respect to employment or consulting services or providing for severance benefits, (xiii) Contracts involving any
current or former officer, director or stockholder of the Target or an Affiliate of Target; and (xiv) all other Contracts not called
for above that are material to the business of Target as it is currently being conducted.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">29</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of the Material Target Contracts is valid and in full force and effect.&nbsp;&nbsp;Neither Target nor any of its Subsidiaries,
nor to Target&rsquo;s knowledge any other party to a Material Target Contract, has violated any material provision of, or committed
or failed to perform any act which, with or without notice, lapse of time, or both, would constitute a material default under the
provisions of any such Material Target Contract, and neither Target nor any of its Subsidiaries has received written notice that
it has breached, violated or defaulted under, any of the material terms or conditions of any of the Material Target Contracts.
Neither Target nor any Subsidiary of Target is a party to, or otherwise a guarantor of or liable with respect to, any interest
rate, currency or other swap or derivative transaction, other than any such transactions in the ordinary course of business. Target
has made correct and complete copies of the Material Target Contracts available to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.23</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Interested
Party Transactions</U>.&nbsp;&nbsp;Except for the Target Employee Plans, Section 4.23 of the Target Disclosure Schedule sets forth
a correct and complete list of the contracts, arrangements that are in existence as of the date of this Agreement or transactions
under which Target or any of its Subsidiaries has any existing or future liabilities (an &ldquo;Affiliate Transaction&rdquo;),
between Target or any of its Subsidiaries, on the one hand, and, on the other hand, any (a)&nbsp;present executive officer or director
of Target, its Subsidiaries or any person that has served as such an executive officer or director within the past two years or
any of such executive officer&rsquo;s or director&rsquo;s immediate family members, (b)&nbsp;record or beneficial owner of more
than 5% of the shares of Target Common Stock as of the date hereof, or (c)&nbsp;to the knowledge of the Target, any Affiliate of
any such executive officer, director or owner (other than Target or any of its Subsidiaries). Target has made available to Purchaser
true and complete copies of any such contract or arrangement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.24</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Brokers</U>.&nbsp;&nbsp;Target
and its Subsidiaries have not incurred, nor will they incur, directly or indirectly, any liability for brokerage or finder's fees
or agent&rsquo;s commissions or any similar charges in connection with this Agreement or any transaction contemplated hereby, other
than fees and expenses payable to Roth Capital Partners, LLC.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.25</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Opinions
of Financial Advisors</U>.&nbsp;&nbsp;On the date of this Agreement the board of directors of Target received from its financial
advisors, Roth Capital Partners, LLC<B>&nbsp;</B>an opinion, dated the date of this Agreement, to the effect that, as of such date,
the consideration to be received by the Target Stockholders pursuant to this Agreement is fair, from a financial point of view,
to the Target Stockholders.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.26</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Vote
Required</U>.&nbsp;&nbsp;The vote of<B>&nbsp;</B>a majority of the votes represented by the outstanding shares of Target Common
Stock entitled to vote on this Agreement and the Merger (the &ldquo;Target Stockholder Approval&rdquo;) is the only vote of the
Target Stockholders, Options or other securities of Target necessary to approve this Agreement and the Merger and the transactions
contemplated hereby and thereby.</FONT></P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 36 -->
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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">30</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.27</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>NCA
and State Takeover Laws</U>.&nbsp;&nbsp;Prior to the date hereof, the board of directors of Target has taken all action necessary
to exempt under or make the following not subject to any state takeover Law or other state Law that purports to limit or restrict
business combinations or the ability to acquire or vote shares:&nbsp;&nbsp;(a) the execution of this Agreement, (b) the Merger
and (c) the other transactions contemplated hereby.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.28</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Other Representations and Warranties</U>.&nbsp;&nbsp;Except for the representations and warranties contained in this Agreement,
neither Target nor its Subsidiaries nor any other Person or its Subsidiaries makes any representation or warranty, express or implied,
on behalf of Target and its Subsidiaries with respect to the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 5</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>COVENANTS OF THE PARTIES</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The parties hereto agree
as follows with respect to the period from and after the execution of this Agreement:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Conduct
of Business of Target</U>.&nbsp;&nbsp;During the period from the date of this Agreement to the Effective Time, except as provided
in Section 5.1 of the Target Disclosure Schedule or as otherwise expressly contemplated or permitted in this Agreement or the Transaction
Agreements and except to the extent Purchaser shall otherwise give its prior written consent, each of Target and its Subsidiaries
shall: (i) conduct its business in the ordinary course and consistent with the budget attached hereto as Exhibit B (the &ldquo;Budget&rdquo;)
and in compliance in all material respects with applicable Laws; (ii) pay or perform its material obligations when due; and (iii)
use its commercially reasonable efforts consistent with past practices to: (A) preserve intact its present business organization,
(B) keep available the services of its present officers and employees, (C) preserve in all material respects its relationships
with customers, suppliers, distributors, joint venture partners, and others with which it has significant business dealings, and
(D) preserve in all material respects any Target Intellectual Property. Without limiting the generality of the foregoing, except
as provided in Section 5.1 of the Target Disclosure Schedule or as expressly contemplated or permitted by this Agreement or the
Transaction Agreements, without the prior written consent of Purchaser, during the period from the date of this Agreement to the
Effective Time, Target shall not, and shall not permit any of its Subsidiaries to, do any of the following:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">amend
the Target Charter Documents;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">split,
combine, subdivide or reclassify any shares of its capital stock or other equity interests or declare, set aside or pay any dividend
or other distribution (whether in cash, stock or property or any combination thereof) in respect of its capital stock, except for
dividends paid to Target or any of its Subsidiaries by any Subsidiary that is, directly or indirectly, wholly-owned by Target;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">31</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">adopt
a plan or agreement of complete or partial liquidation, dissolution, winding up, merger, consolidation, amalgamation, restructuring,
recapitalization or other material reorganization;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">issue,
deliver or sell, or authorize the issuance, delivery or sale of, any shares of its capital stock of any class or other equity interests
or any securities convertible into or exercisable for, or any rights, warrants or options to acquire, any such capital stock or
other equity interests, other than the issuances of shares of Target Common Stock upon the exercise of Options outstanding on the
date hereof or issued after the date hereof in compliance with the terms of this Agreement in accordance with their present terms;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">except
as required to ensure that any Target Employee Plan in effect on the date of this Agreement is not then out of compliance with
applicable Law or as specifically required or permitted pursuant to this Agreement or as provided in the Target Disclosure Schedule,
(A) adopt, enter into, terminate or amend any Target Employee Plan, (B) increase in any manner the compensation or benefits of,
or pay any bonus to, any employee of Target or its Subsidiaries, except as required by a Target Employee Plan or an employment
agreement with an employee of Target or its Subsidiaries, (C) pay or provide to any employee of Target or its Subsidiaries any
benefit not provided for under a Target Employee Plan as in effect on the date of this Agreement or as permitted by clause (B)
above, (D) grant any awards under any Target Employee Plan (including the grant of stock or other equity options, stock or other
equity appreciation rights, performance units, restricted stock or other equity, stock or other equity purchase rights or other
stock or other equity-based or stock-related awards) or remove existing restrictions in any Target Employee Plan or awards made
thereunder, (E) take any action to fund or in any other way secure the payment of compensation or benefits under any Target Employee
Plan, except as required to comply with any Target Employee Plan as in effect on the date of this Agreement or (F) take any action
to accelerate the vesting or payment of any compensation or benefits under any Target Employee Plan;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">except
pursuant to agreements that are in effect as of the date hereof and previously disclosed to Purchaser, directly or indirectly purchase,
redeem or otherwise acquire any shares of Target Common Stock or any shares of capital stock or other interests in the Subsidiaries
of Target or any other securities thereof or any rights, warrant or options to acquire any such shares or other securities (which
restriction shall not restrict any cashless exercise or similar transaction pursuant to any Options or other awards issued under
an Target Employee Plan outstanding as of the date of this Agreement);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">acquire
(by merger, consolidation, acquisition of stock or assets or otherwise), directly or indirectly, any business;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">other
than pursuant to Contracts in effect as of the date hereof, sell, lease, license (as licensor or licensee), assign, encumber or
otherwise transfer in one transaction or any series of related transactions, assets, property or rights;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">incur,
assume or guarantee any Indebtedness for borrowed money or issue or sell any debt securities or warrants or other rights to acquire
debt securities or enter into any keep-well or other arrangements to maintain the financial condition of any other Person;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">32</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(j)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">make
any loan, advance or capital contribution to or investment in any Person, other than loans, advances or capital contributions to
or investments (i) in its Subsidiaries or pursuant to Contracts in effect at the date hereof or (ii) in accordance with the Budget;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(k)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">make
or change any election, change an annual accounting period, adopt or change any accounting method, file any amended Tax Return,
enter into any closing agreement, settle any Tax claim or assessment relating to Target or any of its Subsidiaries, surrender any
right to claim a refund of Taxes, consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment
relating to Target or any of its Subsidiaries, or take any other similar action relating to the filing of any Tax Return or the
payment of any Tax, if such election, adoption, change, amendment, agreement, settlement, surrender, consent or other action would
have the effect of increasing the Tax liability of Target or any of its Subsidiaries for any period ending after the Closing Date
or decreasing any Tax attribute of Target or any of its Subsidiaries existing on the Closing Date;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(l)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">take
any action that would, or would reasonably be expected to, prevent or materially impair or delay the ability of Target to consummate
the transactions contemplated by this Agreement;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(m)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into, amend, cancel, terminate, or grant any waiver in respect of any Material Target Contract;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(n)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">file
any registration statement under the Securities Act or an amendment to any Securities Act registration statement;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(o)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">make
any capital expenditures in any fiscal quarter exceeding the Budget for such fiscal quarter;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(p)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into any hedging agreements whether or not in the ordinary course of business consistent with past practice;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(q)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">waive,
release, assign, settle or compromise any claim, action or proceeding, other than waivers, releases, assignments, settlements or
compromises not exceeding the amount reserved against in the Target Financial Statements, or otherwise pay, discharge or satisfy
any claim, liability or obligation;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(r)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into any &ldquo;non-compete,&rdquo; &ldquo;non-solicit&rdquo; or similar agreement that would materially restrict the businesses
of Target or Purchaser following the Effective Time;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(s)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into any closing agreement with respect to material Taxes, settle or compromise any material liability for Taxes, make, revoke
or change any material Tax election, agree to any adjustment of any material Tax attribute, file or surrender any claim for a material
refund of Taxes, execute or consent to any waiver extending the statutory period of limitations with respect to the collection
or assessment of material Taxes, file any material amended Tax Return or obtain any material Tax ruling;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">33</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(t)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into any new, or amend or otherwise alter any Affiliate Transaction or transaction that would be an Affiliate Transaction if such
transaction occurred prior to the date hereof; or</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(u)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">agree
or commit to do any of the foregoing.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Conduct
of Business of Purchaser</U>.&nbsp;&nbsp;During the period from the date of this Agreement to the Effective Time, except as otherwise
expressly contemplated or permitted in this Agreement or the Transaction Agreements and except to the extent Target shall otherwise
give its prior written consent, not to be unreasonably withheld or delayed, Purchaser shall not, and shall not permit any of its
Subsidiaries to, do any of the following:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">amend
any Purchaser Charter Document or other applicable governing instruments in a manner that would (i)&nbsp;reasonably be expected
to, prevent or materially impair or delay the ability of Purchaser to consummate the transactions contemplated by this Agreement,
or (ii) disproportionately adversely affect a holder of Target Common Stock relative to a holder of Purchaser Common Stock;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">split,
combine, subdivide or reclassify any shares of its capital stock or other equity interests or declare, set aside or pay any dividend
or other distribution (whether in cash, stock or property or any combination thereof) in respect of its capital stock, or redeem,
repurchase or otherwise acquire or offer to redeem, repurchase, or otherwise acquire any of its securities, except for (i) dividends
paid to Purchaser or any of its Subsidiaries by any Subsidiary of Purchaser, (ii) purchases of shares of Purchaser Common Stock
pursuant to stock repurchase plans set forth on Section 5.2(b) of the Purchaser Disclosure Schedule, the Purchaser Option Plans
or Contracts in effect as of the date of this Agreement and in accordance with the terms thereof;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">issue,
deliver or sell, or authorize the issuance, delivery or sale of, any shares of its capital stock of any class or other equity interests
or any securities convertible into or exercisable for, or any rights, warrants or options to acquire, any such capital stock or
other equity interests, other than (i) the issuances of shares of Purchaser Common Stock upon the exercise of Purchaser Options
and Purchaser Warrants outstanding on the date hereof or issued after the date hereof in compliance with the terms of this Agreement
in accordance with their present terms, (ii) issuances of equity awards in the ordinary course of business under the Purchaser
Option Plans, and (iii) issuance of capital stock of any wholly-owned Subsidiary of Purchaser to Purchaser or another wholly-owned
Subsidiary thereof;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">adopt
a plan or agreement of complete or partial liquidation or dissolution;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">acquire
(by merger, consolidation, acquisition of stock or assets or otherwise), directly or indirectly, any material business, if such
transaction would reasonably be expected to prevent or materially delay the consummation of the transactions contemplated by this
Agreement;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">materially
change (i) its methods of accounting or accounting practices in any material respect, except as required by concurrent changes
in GAAP (or the permitted early adoption of such changes) or by Law and concurred in by Purchaser&rsquo;s external auditors or
(ii) its fiscal year;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">34</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">take
any action that would, or would reasonably be expected to, prevent or materially impair or delay the ability of Purchaser to consummate
the transactions contemplated by this Agreement, including the Merger and the transactions contemplated by this Agreement; or</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">agree
or commit to do any of the foregoing.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Stockholder
Approval</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
agrees to take, in accordance with applicable Law and the Target Charter Documents, all action necessary to convene as soon as
reasonably practicable a special meeting of the Target Stockholders to consider and vote upon the approval and adoption of this
Agreement, including the Merger, and any other matters required to be approved by the Target Stockholders for consummation of the
Merger (including any adjournment or postponement, the &ldquo;Target Stockholder Meeting&rdquo;). Except with the prior approval
of Purchaser, no other matters shall be submitted for the approval of Target Stockholders at the Target Stockholder Meeting, other
than matters customarily brought before the Purchaser stockholders at an annual meeting.&nbsp;&nbsp;The board of directors of Target
shall at all times prior to and during such meeting recommend such approval and adoption and shall take all reasonable lawful action
to solicit such approval and adoption by the Target Stockholders, provided that nothing in this Agreement shall prevent the board
of directors of Target from withholding, withdrawing, amending or modifying its recommendation if the board of directors of Target
determines, after consultation with its outside counsel, that failing to take such action would be reasonably likely to constitute
a breach of its fiduciary duties to the Target Stockholders under applicable Law; provided, further, that Section 5.12 shall govern
the withholding, withdrawing, amending or modifying of such recommendation in the circumstances described therein.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
agrees to take, in accordance with applicable Law and the Purchaser Charter Documents, all action necessary to convene as soon
as reasonably practicable a special meeting of its stockholders to consider and vote upon the issuance of the Purchaser Common
Stock contemplated by this Agreement and any other matters required to be approved by Purchaser&rsquo;s stockholders for consummation
of the Merger (including any adjournment or postponement, the &ldquo;Purchaser Stockholder Meeting&rdquo;). Except with the prior
approval of Target, no other matters shall be submitted for the approval of Purchaser stockholders at the Purchaser Stockholder
Meeting, other than matters customarily brought before the Purchaser stockholders at an annual meeting. The board of directors
of Purchaser shall at all times prior to and during such meeting recommend such approval and shall take all reasonable lawful action
to solicit such approval by its stockholders, provided that nothing in this Agreement shall prevent the board of directors of Purchaser
from withholding, withdrawing, amending or modifying its recommendation if the board of directors of Purchaser determines, after
consultation with its outside counsel, that such action is legally required in order for the directors to comply with their fiduciary
duties to the Purchaser stockholders under applicable Law.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Registration
Statement</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">35</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
agrees to prepare an S-4 or other applicable registration statement to be filed by Purchaser with the SEC in connection with the
issuance of Purchaser Common Stock in the Merger (including the proxy statement and other proxy solicitation materials of Purchaser
constituting a part thereof and all related documents (the &ldquo;Purchaser Proxy Statement&rdquo;)) (the &ldquo;S-4&rdquo;). The
S-4 shall comply as to form in all material respects with the applicable provisions of the Securities Act and the Exchange Act
and the rules and regulations thereunder.&nbsp;&nbsp;Target shall prepare and furnish such information relating to it and its directors,
officers and stockholders as may be reasonably required in connection with the above referenced documents based on its knowledge
of and access to the information required for said documents, and Target, and its legal, financial and accounting advisors, shall
have the right to review and recommend comments on the S-4 prior to its filing.&nbsp;&nbsp;Purchaser shall consider in good faith
any such recommended comments.&nbsp;&nbsp;Without limiting the generality of the foregoing, as promptly as reasonably practicable,
but in any event no later than March 31, 2012, Target shall provide to Purchaser Target&rsquo;s audited financial statements consisting
of a balance sheet of Target as of December 31, 2011 and the related statements of income and retained earnings, stockholders&rsquo;
equity and cash flows for the year then ended.&nbsp;&nbsp;Target agrees to cooperate with Purchaser and Merger Sub and Purchaser&rsquo;s
and Merger Sub&rsquo;s counsel and accountants in requesting and obtaining appropriate opinions, consents and letters from its
financial advisor and independent auditor in connection with the S-4. Provided that Target has cooperated as described above, Purchaser
agrees to file, or cause to be filed, the S-4 with the SEC as promptly as reasonably practicable.&nbsp;&nbsp;Each of Target, Purchaser
and Merger Sub agrees to use its reasonable best efforts to cause the S-4 to be declared effective under the Securities Act as
promptly as reasonably practicable after the filing thereof.&nbsp;&nbsp;Purchaser also agrees to use its reasonable best efforts
to obtain all necessary state securities Law or &ldquo;Blue Sky&rdquo; permits and approvals required to carry out the transactions
contemplated by this Agreement.&nbsp;&nbsp;After the S-4 is declared effective under the Securities Act, Purchaser shall promptly
mail the Purchaser Proxy Statement to its stockholders and provide the prospectus contained therein to the Target Stockholders.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
shall, as promptly as practicable after receipt thereof, provide Target with copies of any written comments, and advise Target
of any oral comments, received from the SEC with respect to the S-4.&nbsp;&nbsp;Purchaser shall provide Target with a reasonable
opportunity to review and comment (and Purchaser shall consider in good faith any such recommended comments) on any amendment or
supplement to the S-4 and any communications prior to filing such with the SEC, and will promptly provide Target with a copy of
all such filings and communications made with the SEC.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
of Target and Purchaser agrees that none of the information supplied or to be supplied by it for inclusion or incorporation by
reference in (i) the S-4 shall, at the time the S-4 and each amendment or supplement thereto, if any, becomes effective under the
Securities Act, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading and (ii) the Purchaser Proxy Statement and any amendment or supplement
thereto shall, at the date(s) of mailing to stockholders and the Purchaser Stockholder Meeting, contain any untrue statement of
a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not
misleading.&nbsp;&nbsp;Each of Target and Purchaser further agrees that if such party shall become aware prior to the Effective
Time of any information furnished by such party that would cause any of the statements in the S-4 or the Purchaser Proxy Statement
to be false or misleading with respect to any material fact, or to omit to state any material fact necessary to make the statements
therein not false or misleading, to promptly inform the other Parties thereof and to take the necessary steps to correct the S-4
or the Purchaser Proxy Statement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">36</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
agrees to advise Target, promptly after Purchaser receives notice thereof, of the time when the S-4 has become effective or any
supplement or amendment has been filed, of the issuance of any stop order or the suspension of the qualification of Purchaser Common
Stock for offering or sale in any jurisdiction, of the initiation or, to the extent Purchaser is aware thereof, threat of any proceeding
for any such purpose, or of any request by the SEC for the amendment or supplement of the S-4 or for additional information.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Reasonable
Best Efforts</U>.&nbsp;&nbsp;Each of the parties shall use its reasonable best efforts to take all action and to do all things
necessary, proper or advisable to consummate the Merger and the transactions contemplated by this Agreement (including, without
limitation, using its reasonable best efforts to cause the conditions set forth in Article 6 for which they are responsible to
be satisfied as soon as reasonably practicable and to prepare, execute and deliver such further instruments and take or cause to
be taken such other and further action as any other party hereto shall reasonably request).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Neutron
Funding Agreement</U>.&nbsp;&nbsp;Purchaser shall enter into the Neutron Funding Agreement and complete the transactions contemplated
thereby, subject to the terms and conditions thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>HSR
Act</U>.&nbsp;&nbsp;As soon as practicable, and in any event no later than fifteen Business Days after the either Purchaser or
Target determines that the transaction contemplated hereby requires filings under the HSR Act, each of the parties hereto will
file any Notification and Report Forms and related material required to be filed by it with the Federal Trade Commission and the
Antitrust Division of the United States Department of Justice under the HSR Act (if any) with respect to the Merger, will use its
reasonable efforts to obtain an early termination of the applicable waiting period, and shall promptly make any further filings
pursuant thereto that may be necessary, proper or advisable.&nbsp;&nbsp;Purchaser and Target agree to cooperate with respect to,
and shall cause each of their respective Subsidiaries to cooperate with respect to, and agree to use all reasonable efforts to
contest and resist, any Action, including legislative, administrative or judicial Action, and to have vacated, lifted, reversed
or overturned any decree, judgment, injunction or other order (whether temporary, preliminary or permanent) (an &ldquo;Order&rdquo;)
of any Governmental Entity that is in effect and that restricts, prevents or prohibits the consummation of the Merger or any other
transactions contemplated by this Agreement, including, without limitation, by pursuing all available avenues of administrative
and judicial appeal and all available legislative action.&nbsp;&nbsp;Upon the terms and subject to the conditions set forth in
this Agreement, in connection with the HSR Act, each of Target and Purchaser agrees to take, or cause to be taken, all actions,
and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable
to consummate and make effective, in the most expeditious manner practicable, the Merger and the other transactions contemplated
by this Agreement, including the obtaining of all necessary actions or nonactions, waivers, consents and approvals from Governmental
Authorities and the making of all necessary registrations and filings (including filings with Governmental Authorities, if any)
and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid an action or proceeding
by, any Governmental Entity; provided, however, that a party shall not be obligated to take any action pursuant to the foregoing
if the taking of such action or the obtaining of any waiver, consent, approval or exemption is reasonably likely (x)&nbsp;to impact
in a materially adverse manner the economic or business benefits of the transactions contemplated by this Agreement so as to render
inadvisable the consummation of the Merger or (y)&nbsp;to result in an Order (i)&nbsp;prohibiting or limiting the ownership or
operation by Purchaser of any material portion of the business or assets of Target or compelling Purchaser to dispose of or hold
separate any of the business or assets of Purchaser or any material portion of the business or assets of Target as a result of
the Merger or any of the other transactions contemplated by this Agreement, (ii)&nbsp;imposing limitations on the ability of Purchaser
to acquire or hold, or exercise full rights of ownership of, any shares of capital stock of Target, including, without limitation,
the right to vote such capital stock on all matters properly presented to the Target Stockholders, or (iii)&nbsp;prohibiting Purchaser
from effectively controlling in any material respect the business or operations of Target.&nbsp;&nbsp;The parties acknowledge that,
based on the price of Purchaser&rsquo;s Common Stock as of the date hereof, no filings under the HSR Act are required with respect
to the transactions contemplated hereby.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">37</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Other
Governmental Matters</U>.&nbsp;&nbsp;Each of the parties shall use its reasonable efforts to take any additional action that may
be necessary, proper or advisable in connection with any other notices to, filings with, and authorizations, consents and approvals
of any Governmental Entity that it may be required to give, make or obtain.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.9</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Intentionally
Omitted</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.10</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Public
Announcements</U>.&nbsp;&nbsp;No party shall issue any press release or public announcement relating to the subject matter of this
Agreement without the prior written approval of the other parties, subject to RCF&rsquo;s right to consent pursuant to the RCF
Investment Agreement; <U>provided</U>, <U>however</U>, that any party may make any public disclosure it believes in good faith
is required by applicable Law or stock market rule (in which case the disclosing party shall use reasonable efforts to advise the
other parties and provide them with a copy of the proposed disclosure prior to making the disclosure).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.11</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Notification
of Certain Matters</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
shall give prompt notice to Target of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which
would cause any Purchaser or Merger Sub representation or warranty contained in this Agreement to be untrue or inaccurate in any
material respect at or prior to the Effective Time and (ii) any material failure of Purchaser to comply with or satisfy any covenant,
condition or agreement to be complied with or satisfied by it hereunder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall give prompt notice to Purchaser of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of
which would cause any Target representation or warranty contained in this Agreement to be untrue or inaccurate in any material
respect at or prior to the Effective Time and (ii) any material failure of Target to comply with or satisfy any covenant, condition
or agreement to be complied with or satisfied by it hereunder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">38</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.12</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Solicitation</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
will immediately cease and cause to be terminated any existing solicitation, encouragement, activity, discussion or negotiation
with any Person with respect to any Acquisition Proposal, whether or not initiated by Target, and, in connection therewith, Target
will discontinue access to any data rooms (virtual or otherwise) and will request (and exercise all rights it has to require) the
return or destruction of all information regarding Target and its Subsidiaries previously provided to any such Person or any other
Person and will request (and exercise all rights it has to require) the destruction of all materials including or incorporating
any confidential information regarding Target and its Subsidiaries.&nbsp;&nbsp;Target shall not terminate, amend, modify or waive
any provision of any confidentiality or standstill or similar agreement to which Target or any of its Subsidiaries is a party with
any other Person.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall not, directly or indirectly, through any officer, director, employee, representative (including for greater certainty any
financial or other advisors) or agent of Target or any Subsidiary of Target: (i) solicit, assist, initiate, encourage or otherwise
facilitate (including by way of furnishing non-public information or permitting any visit to any facilities or properties of Target
or any Subsidiary of Target, including any material joint ventures or Mineral Properties) any inquiries, proposals or offers regarding
any Acquisition Proposal; (ii) engage in any discussions or negotiations regarding, or provide any confidential information with
respect to, any Acquisition Proposal, provided that for greater certainty, Target may advise any Person making an unsolicited Acquisition
Proposal that such Acquisition Proposal does not constitute a Superior Proposal when the Target board of directors has so determined;
(iii) withdraw, modify or qualify, or propose publicly to withdraw, modify or qualify, in any manner adverse to Purchaser, the
approval or recommendation of the Target board of directors or any committee thereof of this Agreement or the Merger; (iv) approve
or recommend, or remain neutral with respect to, or propose publicly to approve or recommend, or remain neutral with respect to,
any Acquisition Proposal (it being understood that publicly taking no position or a neutral position with respect to an Acquisition
Proposal until 15 calendar days following the formal commencement of such Acquisition Proposal shall not be considered to be in
violation of this Section 5.12(b); or (v) accept or enter into, or publicly propose to accept or enter into, any letter of intent,
agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Notwithstanding
Section 5.12(b) and any other provision of this Agreement, the Target board of directors shall be permitted, prior to obtaining
the Target Stockholder Approval, to engage in discussions or negotiations with, or provide information pursuant to Section 5.12(b)
to, any Person in response to an Acquisition Proposal by any such Person, provided that (A) it has received an unsolicited bona
fide written Acquisition Proposal from such Person and the Target board of directors has determined in good faith based on information
then available and after consultation with its financial advisors that such Acquisition Proposal constitutes a Superior Proposal
(except for the element requiring that the Acquisition Proposal not be subject to any due diligence and/or access condition); and
(B) prior to providing any confidential information or data to such Person in connection with such Acquisition Proposal, (x) the
Target board of directors receives from such Person an executed confidentiality agreement covering a period of not less than one
year from the date of such confidentiality agreement and Target sends a copy of any such confidentiality agreement to Purchaser
promptly upon its execution and promptly provides Purchaser a list of, or in the case of information that was not previously made
available to Purchaser, copies of, any information provided to such Person, and (y) Target has complied in all material respects
with Section 5.12(e). Target shall not engage in discussions or negotiate, accept, approve or recommend an Acquisition Proposal
or provide information to any Person proposing an Acquisition Proposal, in each case after the date of the Target Stockholder Approval.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">39</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">From
and after the date of this Agreement, Target shall promptly (and in any event within 36 hours) notify Purchaser, orally and in
writing, of any proposal, inquiry, offer (or any amendment thereto) or any request for discussions or negotiations in each case
or request relating to or constituting an Acquisition Proposal, any request for representation on the Target board of directors,
or any request for non-public information relating to Target or any Subsidiary of Target or any material joint venture or material
mineral property relating to or constituting an Acquisition Proposal of which Target&rsquo;s directors, officers, representatives
or agents are or became aware. Such notice shall include a description of the terms and conditions of, and the identity of the
Person making, any proposal, inquiry, offer (including any amendment thereto) or request, and shall include copies of any such
proposal or offer or any amendment to such proposal or offer. Target shall also provide such other details of the proposal or offer,
or any amendment thereto, as Purchaser may reasonably request. Target shall keep Purchaser promptly and fully informed of the status,
including any change to the material terms, of any such proposal or offer, or any amendment thereto, and will respond promptly
to all inquiries by Purchaser with respect thereto.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall ensure that its officers, directors, representatives, agents and legal and financial advisors, and its Subsidiaries and their
officers, directors, representatives, agents and legal and financial advisors, are aware of the provisions of Sections 5.12(a)-(d)
hereof and agree to be bound thereby, and it shall be responsible for any breach of such provisions by any of them or by any employee
of Target or any Subsidiary of Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
Target has complied with Sections 5.12(a)-(e), Target may accept, approve, recommend or enter into any agreement in respect of,
an Acquisition Proposal prior to the Target Stockholder Approval only if:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the
Acquisition Proposal constitutes a Superior Proposal;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(ii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
has provided Purchaser with notice in writing that there is a Superior Proposal in accordance with Section 5.12(c)-(d);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at
least five Business Days shall have elapsed from the date that Purchaser has received a copy of the written proposal in respect
of the purported Superior Proposal (or any amendment or revision thereof);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iv)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
Purchaser has proposed to amend the terms of the Merger and this Agreement in accordance with Section 5.12(g), the Target board
of directors (after receiving advice from its financial advisors and outside legal counsel) shall have determined in good faith
that the Acquisition Proposal continues to constitute a Superior Proposal after taking into account such amendments;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">40</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(v)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target&rsquo;s
board of directors after consultation with outside legal counsel, determines in good faith that the failure to take such action
would be inconsistent with its fiduciary duties under applicable Laws;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(vi)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">prior
to entering into an agreement relating to such Superior Proposal (other than the aforesaid confidentiality agreement) Target shall
have terminated this Agreement pursuant to Section 7.1(j); and</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(vii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in
the event that Target provides Purchaser with a notice referred to in Section 5.12(f)(ii) on a date that is less than five Business
Days prior to the Target Stockholder Meeting, Target shall adjourn the Target Stockholder Meeting (without notice on the Merger
or any related matters) to a date that is not less than five Business Days and not more than 10 Business Days after the date of
the Purchaser notice referred to in Section 5.12(f)(ii).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
acknowledges and agrees that, during the five Business Day period referred to in Section 5.12(f)(iii), Purchaser shall have the
opportunity, but not the obligation, to propose to amend the terms of the Merger and this Agreement. The Target board of directors
will review any proposal by Purchaser to amend the terms of the Merger and this Agreement in order to determine, in good faith
in the exercise of its fiduciary duties, whether such proposal would result in the Acquisition Proposal not being a Superior Proposal
compared to the proposed amendments to the terms of the Merger and this Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
acknowledges and agrees that each successive modification of the material terms of any Acquisition Proposal shall constitute a
new Acquisition Proposal for purposes of this Section 5.12 and the requirement under Section 5.12(f)(iii) to initiate an additional
five Business Day period.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.13</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Confidentiality;
Access</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
parties acknowledge that Target and Purchaser have previously executed a confidentiality agreement, dated as of August 11, 2011
(the &ldquo;Confidentiality Agreement&rdquo;), which Confidentiality Agreement will continue in full force and effect in accordance
with its terms.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Subject
to applicable Laws relating to the exchange of information prior to the Effective Time, from the date hereof until the Closing
upon reasonable written notice delivered to Target by Purchaser, Target shall (a) afford Purchaser and its representatives reasonable
access to and the right to inspect all of the real property, properties, assets, premises, books and records, Contracts and other
documents and data related to Target during normal business hours; (b) furnish Purchaser and its representatives with such financial,
operating and other data and information related to Target as Purchaser or any of its representatives may reasonably request; and
(c) instruct the representatives of Target and to reasonably cooperate with Purchaser in its investigation of Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.14</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Listing
Application</U>.&nbsp;&nbsp;Purchaser shall cause the shares of Purchaser Common Stock to be issued in the Merger and the transactions
contemplated hereby to be authorized for inclusion on NASDAQ prior to the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">41</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.15</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Director
and Officer Insurance</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">At
or prior to the Effective Time, Purchaser shall purchase an extended reporting&nbsp;period of three (3)&nbsp;years under the directors&rsquo;
and officers&rsquo; liability insurance policy maintained by Target as of the date hereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">From
the date hereof until the Effective Time, Purchaser shall use commercially reasonable efforts to purchase an additional $10,000,000
to $15,000,000 of directors&rsquo; and officers&rsquo; liability insurance coverage with an extended reporting period of three
(3) years in form and substance satisfactory to Target; provided, however, that the cost of such additional insurance shall not
exceed $140,000.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the event Purchaser fails to have the insurance coverage described in Section 5.15(b) in place by the Effective Time, Purchaser
shall from and after the Effective Time indemnify the individuals who at or prior to the Effective Time were directors or officers
of the Target with respect to all acts or omissions by them in their capacities as such at any time prior to the Effective Time,
to the fullest extent permitted (A) by the Purchaser Charter Documents and (B) under applicable Law, whichever is more favorable
to such directors and officers; provided, however, that such indemnification shall not exceed $5,000,000 in the aggregate (not
including any payments made under the Target&rsquo;s directors&rsquo; and officers&rsquo; liability insurance policy). In the event
the Purchaser obtains the insurance coverage described in Section 5.15(b), Purchaser shall not be required to indemnify Target&rsquo;s
officers and directors other than to provide payment of any applicable deductible under the insurance policies obtained or extended
pursuant to Sections 5.15(a) and (b).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.16</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>FIRPTA</U></FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Prior
to Closing, Target shall use its best efforts to collect from (a) each Target Stockholder that is not a Foreign Target Stockholder
a certificate of non-foreign status dated as of the Closing Date in the form and substance satisfactory to Purchaser stating that
such Target Stockholder is not a &ldquo;foreign person&rdquo; as defined in Section 1445(f)(3) of the Code (a &ldquo;Certificate
of Non-Foreign Status&rdquo;) and (b) each Foreign Target Stockholder either (i) an affidavit dated as of the Closing Date, sworn
under penalty of perjury containing information satisfactory to Purchaser that such Foreign Target Stockholder has submitted an
application to the IRS for a FIRPTA Exemption Certificate on a date prior to Closing (a &ldquo;FIRPTA Affidavit&rdquo;) or (ii)
a FIRPTA Exemption Certificate issued to such Foreign Target Stockholder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
shall issue and distribute FIRPTA Withheld Shares to a Foreign Target Stockholder who has provided at or prior to Closing an affidavit
that such Foreign Target Stockholder has applied to the IRS for a FIRPTA Exemption Certificate in the amount due to a Foreign Target
Stockholder within twenty (20) days of Purchaser&rsquo;s receipt of the notice in form and substance satisfactory to Purchaser
from such Foreign Target Stockholder that the stockholder has received a FIRPTA Exemption Certificate with respect to such Foreign
Target Stockholder.&nbsp;&nbsp;With respect to a Foreign Target Stockholder who has provided a FIRPTA Affidavit at or prior to
Closing, Purchaser shall pay to the IRS any amounts required to be withheld from such Target Stockholder pursuant to Section 1445
of the Code upon a Foreign Target Stockholder&rsquo;s receipt of Purchaser Common Stock in the Merger after the application of
such withholding exemptions and reductions provided under any applicable FIRPTA Exemption Certificate within five (5) days of (i)
Purchaser&rsquo;s receipt of a FIRPTA Exemption Certificate issued to a Foreign Target Stockholder providing for reduced withholding
pursuant to Section 1445 of the Code or (ii) Purchaser&rsquo;s receipt of notice that a Foreign Target Stockholder has received
from the IRS a final denial of such stockholder&rsquo;s application for a FIRPTA Exemption Certificate.&nbsp;&nbsp;Purchaser shall
provide evidence of such payment to the relevant Foreign Target Stockholder within ten (10) days after Purchaser&rsquo;s payment
of any amounts required to be withheld under Section 1445 of the Code to the IRS.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">42</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
Foreign Target Stockholder shall provide notice to Purchaser of the IRS&rsquo;s final denial of such stockholder&rsquo;s application
for a FIRPTA Exemption Certificate within five (5) days of receiving written notice of such denial.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A
Foreign Target Stockholder shall provide Purchaser with a FIRPTA Exemption Certificate issued to such stockholder within five (5)
days of receiving such certificate from the IRS.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Purchaser
shall timely pay to the IRS amount amounts required to be withheld pursuant to Section 1445 of the Code with respect to a Target
Stockholder that does not provide Purchaser&nbsp;&nbsp;at or prior to Closing with (i) a Certificate of Non-Foreign Status, (ii)
a FIRPTA Exemption Certificate, or (iii) a FIRPTA Affidavit.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.17&nbsp;<U>Englewood
and Albuquerque Leases.</U>&nbsp;&nbsp;Target shall use its best efforts to cause the Englewood Lease and the Albuquerque Lease
to be terminated or modified with respect to office leasehold obligations prior to the Closing Date on terms and conditions satisfactory
to Purchaser and its counsel.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 6</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>CONDITIONS</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Mutual
Conditions</U>.&nbsp;&nbsp;The obligations of the parties hereto to consummate the Merger shall be subject to fulfillment of the
following conditions:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Purchaser
Stockholder Approval</U>.&nbsp;&nbsp;The Purchaser Stockholder Approval shall have been obtained.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Target
Stockholder Approval</U>.&nbsp;&nbsp;The Target Stockholder Approval shall have been obtained.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Adverse Proceeding</U>.&nbsp;&nbsp;No temporary restraining order, preliminary or permanent injunction or other Order which prevents
the consummation of the Merger shall have been issued and remain in effect, and no statute, rule or regulation shall have been
enacted by any Governmental Entity which prevents the consummation of the Merger.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>HSR
Act</U>.&nbsp;&nbsp;Any applicable waiting periods applicable to the consummation of the Merger under the HSR Act shall have expired
or been terminated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">43</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Government Action</U>.&nbsp;&nbsp;No Action shall be instituted by any Governmental Entity which seeks to prevent consummation
of the Merger or seeking material damages in connection with the transactions contemplated hereby which continues to be outstanding.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>S-4</U>.&nbsp;&nbsp;The
S-4 shall have become effective under the Securities Act and no stop order suspending the effectiveness of the S-4 shall have been
issued and no proceedings for that purpose shall have been initiated or threatened by the SEC.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>NASDAQ
Authorization</U>.&nbsp;&nbsp;The shares of Purchaser Common Stock to be issued in the Merger and the transactions contemplated
hereby shall have been authorized for inclusion on NASDAQ, subject to official notice of issuance.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Transaction
Agreements</U>.&nbsp;&nbsp;Each Transaction Agreement shall be in full force and effect, and the transactions contemplated thereby
to occur prior to the Closing shall have been consummated on terms and conditions satisfactory to Purchaser, Target and their respective
counsels.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Conditions
to Obligations of Target</U>.&nbsp;&nbsp;The obligations of Target to consummate the Merger and the transactions contemplated hereby
shall be subject to the fulfillment of the following conditions unless waived by Target:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Representations
and Warranties</U>. The representations and warranties of Purchaser and Merger Sub contained in this Agreement shall be true and
correct in all material respects (except that the representations and warranties of Purchaser and Merger Sub contained in this
Agreement that are qualified by materiality &ldquo;or Material Adverse Effect&rdquo; shall be true and correct in all respects)
as of the Effective Time with the same effect as if made at and as of the Effective Time (other than such representations that
are made as of a specified date, which shall be true and correct in all material respects as of such date) (or if qualified by
materiality or Material Adverse Effect shall be true and correct in all respects as of such date), except as would not reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect with respect to Purchaser or Merger Sub.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Performance
of Agreement</U>.&nbsp;&nbsp;Each of Purchaser and Merger Sub shall have performed in all material respects each obligation and
agreement and shall have complied in all material respects with each covenant to be performed and complied with by it hereunder
at or prior to the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Certificates</U>.&nbsp;&nbsp;Each
of Purchaser and Merger Sub shall have furnished Target with a certificate dated the Closing Date signed on behalf of it by the
Chairman, President or any Vice President to the effect that the conditions set forth in Sections 6.2(a) and (b) have been satisfied.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Conditions
to Obligations of Purchaser and Merger Sub</U>.&nbsp;&nbsp;The obligations of Purchaser and Merger Sub to consummate the Merger
and the other transactions contemplated hereby shall be subject to the fulfillment of the following conditions unless waived by
each of Purchaser and Merger Sub:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">44</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Representations
and Warranties</U>.&nbsp;&nbsp;The representations and warranties of Target contained in this Agreement shall be true and correct
in all material respects (except that the representations and warranties of Target contained in this Agreement that are qualified
by materiality &ldquo;or Material Adverse Effect&rdquo; shall be true and correct in all respects) as of the Effective Time with
the same effect as if made at and as of the Effective Time (other than such representations that are made as of a specified date,
which shall be true and correct in all material respects as of such date) (or if qualified by materiality or Material Adverse Effect
shall be true and correct in all respects as of such date), except as would not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect with respect to Target.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Performance
of Agreement</U>.&nbsp;&nbsp;Target shall have performed in all material respects each obligation and agreement and shall have
complied in all material respects with each covenant to be performed and complied with by it hereunder and under the Transaction
Agreements at or prior to the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Certificate</U>.&nbsp;&nbsp;Target
shall have furnished Purchaser with a certificate dated the Closing Date signed on its behalf by its Chairman, President or any
Vice President to the effect that the conditions set forth in Sections 6.3(a) and (b) have been satisfied, and certifying to the
elements of the total consideration to be paid to Target Stockholders pursuant to Article 2.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Consents
and Approvals</U>.&nbsp;&nbsp;Target shall have received all consents and approvals listed on Section 6.3(d) of the Target Disclosure
Schedule.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Exercise
of Options</U>.&nbsp;&nbsp;All Options shall have been exercised in accordance with Section 2.5 of this Agreement or expired or
cancelled effective as of the Effective Time, and Purchaser shall have received documentation satisfactory to Purchaser and its
counsel confirming that such actions occurred.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Material Adverse Change</U>.&nbsp;&nbsp;Since the date of this Agreement, there shall not have been any change in the business,
condition (financial or otherwise), properties, assets, liabilities, obligations (whether absolute, accrued, conditional or otherwise),
operations or results of operations of Target which would constitute a Material Adverse Effect or any event, occurrence or development
which would have a material adverse effect on the ability of Target to consummate the transactions contemplated hereby.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Dissenting
Shares</U>.&nbsp;&nbsp;Dissenting Shares shall not exceed 7% of the number of shares of Target Common Stock entitled to vote on
the Merger.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Releases</U>.&nbsp;&nbsp;Purchaser
shall have received a release duly executed by each person listed on Part I of Exhibit I, which shall release Purchaser, Merger
Sub, Target, the Surviving Corporation and each of their respective Affiliates from certain indemnification obligations under the
Target Charter Documents, applicable Laws or otherwise, in form and substance satisfactory to Purchaser and its counsel.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Legal
Opinion</U>.&nbsp;&nbsp;Purchaser shall have received the legal opinion of Target&rsquo;s counsel with respect to authority of
Target, in form and substance reasonably satisfactory to Purchaser and its counsel.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">45</P>

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<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 7</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>TERMINATION AND AMENDMENT</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Termination
of Agreement</U>.&nbsp;&nbsp;The parties may terminate this Agreement prior to the Closing (whether before or after receipt of
Target Stockholder Approval or Purchaser Stockholder Approval), as provided below:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser or Target by mutual written consent;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser by giving written notice to Target in the event Target is in breach of any representation, warranty or covenant contained
in this Agreement, and such breach (i) individually or in combination with any other such breach, would cause the conditions set
forth in clauses (a) or (b) of Section 6.3 not to be satisfied and (ii) is not cured within 20 days following delivery by Purchaser
to Target of written notice of such breach;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Target by giving written notice to Purchaser in the event Purchaser or Merger Sub is in breach of any representation, warranty
or covenant contained in this Agreement, and such breach (i) individually or in combination with any other such breach, would cause
the conditions set forth in clauses (a) or (b) of Section 6.2 not to be satisfied and (ii) is not cured within 20 days following
delivery by Target to Purchaser of written notice of such breach;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser or Target (provided that if Target is the terminating party it shall not be in material breach of any of its obligations
under Section 5.3(a)) by giving written notice to the other parties if the Target Stockholder Approval shall not have been obtained
by reason of the failure to obtain the required vote at the Target Stockholder Meeting;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser or Target (provided that if Purchaser is the terminating party it shall not be in material breach of any of its obligations
under Section 5.3(b)) by giving written notice to the other Parties if the Purchaser Stockholder Approval shall not have been obtained
by reason of the failure to obtain the required vote at the Purchaser Stockholder Meeting;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser by giving written notice to Target if the Closing shall not have occurred on or before October 31, 2012 (the &ldquo;Outside
Termination Date&rdquo;), by reason of the failure of any condition precedent under Section 6.1 or 6.3 (unless the failure results
primarily from a breach by Purchaser or the Merger Sub of any representation, warranty or covenant contained in this Agreement);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Target by giving written notice to Purchaser if the Closing shall not have occurred on or before the Outside Termination Date by
reason of the failure of any condition precedent under Section 6.1 or 6.2 (unless the failure results primarily from a breach by
Target of any representation, warranty or covenant contained in this Agreement);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Target, if (i) the board of directors of Purchaser does not recommend in the Purchaser Proxy Statement that its stockholders approve
the Merger and the Purchaser Share Issuance; (ii) after recommending in the Purchaser Proxy Statement that Purchaser stockholders
approve the Merger and the Purchaser Share Issuance, the board of directors shall have withdrawn, modified or qualified such recommendation
adverse to the interest of Target or (iii) Purchaser fails to call, give proper notice of, convene and hold the Purchaser Stockholder
Meeting;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">46</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
Purchaser, if (i) the board of directors of Target does not recommend at the Target Stockholder Meeting that its stockholders adopt
this Agreement; (ii) after recommending at the Target Stockholder Meeting that stockholders adopt this Agreement, the board of
directors shall have withdrawn, modified or qualified such recommendation adverse to the interest of Purchaser or (iii) Target
fails to call, give proper notice of, convene and hold the Target Stockholder Meeting; or</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(j)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">by
Target, if Target proposes to enter into a definitive agreement with respect to a Superior Proposal in compliance with the provisions
of Section 5.12(f).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Notice
of Termination; Effect of Termination</U>.&nbsp;&nbsp;Subject to Sections 7.1(b), (c) and (j), any termination of this Agreement
under Section 7.1 above will be effective immediately upon the delivery of written notice of the terminating party to the other
party hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further
force or effect, except that (i) Section 7.2, Section 7.3 and Article 8 (Miscellaneous) shall survive the termination of this Agreement,
and (ii) nothing herein shall relieve any party from liability for any intentional or willful breach of this Agreement. No termination
of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations
shall survive termination of this Agreement in accordance with their terms.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Fees
and Expenses</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>General</U>.&nbsp;&nbsp;Except
as set forth in this Section 7.3, all fees and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such expenses whether or not the Merger is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Target
Termination Fees</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall pay to Purchaser and RCF in immediately available funds, within one business day after demand by Purchaser, the Target Termination
Fee if (A) this Agreement is terminated by Purchaser pursuant to Section 7.1(i), and (B) within twelve (12) months following the
termination of this Agreement, a Target Competing Proposal is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(ii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall pay to Purchaser and RCF in immediately available funds, within one business day after demand by Purchaser, the Target Termination
Fee if (A) this Agreement is terminated by Purchaser pursuant to Section 7.1(j), and (B) within twelve (12) months following the
termination of this Agreement, such Superior Proposal is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall pay Purchaser and RCF in immediately available funds, within one business day after demand by Purchaser, the Target Termination
Fee, if: (A) this Agreement is terminated by Purchaser pursuant to Section 7.1(b), (B) at the time of termination a Target Competing
Proposal had been publicly announced or otherwise communicated to the stockholders of Target, and (C) within twelve (12) months
following the termination of this Agreement, such Target Competing Proposal is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">47</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(iv)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall pay Purchaser and RCF in immediately available funds, within one business day after demand by Purchaser, the Target Termination
Fee, if: (A) this Agreement is terminated by Purchaser or Target pursuant to Section 7.1(d), (B) at the time of termination a Target
Competing Proposal had been publicly announced or otherwise communicated to the stockholders of Target, and (C) within twelve (12)
months following the termination of this Agreement, such Target Competing Proposal is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(v)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
shall pay Purchaser and RCF in immediately available funds, within one business day after demand by Purchaser, the Target Termination
Fee if:&nbsp;&nbsp;(A) this Agreement is terminated by Purchaser pursuant to Section 7.1(f), (B) at the time of the Target Stockholder
Meeting a Target Competing Proposal was publicly announced or otherwise communicated to the stockholders of Target prior to the
termination of this Agreement, and (C) within twelve (12) months following the termination of this Agreement, such Target Competing
Proposal is consummated.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(vi)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Target
acknowledges that the agreements contained in this Section 7.3(b) are an integral part of the transactions contemplated by this
Agreement, and that if Target fails to pay in a timely manner the amounts due pursuant to this Section 7.3(b) and, in order to
obtain such payment, Purchaser makes a claim that results in a judgment against Target for the amounts set forth in this Section
7.3(b), Target shall pay to Purchaser and RCF their reasonable costs and expenses (including reasonable attorneys&rsquo; fees and
expenses) in connection with such suit, together with interest on the amounts set forth in this Section 7.3(b) at the prime rate
of Citibank N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 7.3(b)
shall not be in lieu of damages incurred in the event of intentional or willful breach of this Agreement.&nbsp;&nbsp;The parties
further acknowledge and agree that the payment by the Target of the Target Termination Fee pursuant hereto shall constitute the
sole and exclusive remedies available to Purchaser or Merger Sub hereunder for any and all Damages incurred by Purchaser or Merger
Sub as a result of any termination of this Agreement prior to the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(vii)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Any
amounts payable by Target to Purchaser and RCF pursuant to this Section 7.3(b) shall be payable as follows: (A) an amount equal
to 30% of the Target Termination Fee shall be payable to RCF and (B) the remainder of the Target Termination Fee shall be payable
to Purchaser.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Defined
Terms</U>. For purposes of Sections 7.3(a) and (b), the following terms shall have the following meanings:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Target Competing
Proposal&rdquo; means: (i) any merger, take-over bid, amalgamation, plan of arrangement, business combination, consolidation, or
similar transaction in respect of Target; (ii) any purchase or other acquisition by a Person (other than Purchaser) of such number
of shares of Target&rsquo;s Common Stock or any rights or interests therein or thereto which together with such Person&rsquo;s
other direct or indirect holdings of shares of Common Stock and the holdings of any other Person or Persons with whom such first
Person may be acting jointly or in concert constitutes at least a majority of the outstanding shares of Target Common Stock; or
(iii) any proposal or offer to, or public announcement of an intention to do, any of the foregoing from any Person other than Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">48</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Target Termination
Fee&rdquo; means an amount equal to 4% of the product of (i) 36,000,000 times (ii) the weighted average closing price per share
of Purchaser Common Stock on NASDAQ for the 40 trading days ending on February 24, 2012 (subject to equitable adjustment for stock
splits, reclassifications, combinations, reorganizations or other similar changes).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Certain
Taxes and Other Related Fees</U>.&nbsp;&nbsp;All transfer, documentary, sales, use, stamp, registration and other such Taxes, and
all conveyance fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection
with consummation of the transactions contemplated by this Agreement shall be paid by Purchaser when due, and Purchaser will, at
their own expense, file all necessary Tax Returns and other documentation with respect to all such Taxes, fees and charges, and,
if required by applicable Law, Purchaser will, and will cause its Affiliates to, join in the execution of any such Tax Returns
and other documentation.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Amendment</U>.&nbsp;&nbsp;This
Agreement may be amended by the parties hereto, by action taken or authorized by their respective boards of directors, before or
after receipt of the Target Stockholder Approval and the Purchaser Stockholder Approval; provided, however, that no amendment shall
be made which by Law requires further approval or authorization by the Target Stockholders or the stockholders of Purchaser without
such further approval or authorization.&nbsp;&nbsp;Notwithstanding the foregoing, this Agreement may not be amended except by an
instrument in writing signed on behalf of each of the parties hereto.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Extension;
Waiver</U>.&nbsp;&nbsp;At any time prior to the Effective Time, Purchaser (with respect to Target) and Target (with respect to
Purchaser and Merger Sub) may, to the extent legally allowed, (a) extend the time for the performance of any of the obligations
or other acts of such party, (b) waive any inaccuracies in the representations and warranties contained herein or in any document
delivered pursuant hereto and (c) waive compliance with any of the agreements or conditions contained herein.&nbsp;&nbsp;Any agreement
on the part of a party hereto to any such extension or waiver shall be valid only if set forth in a written instrument signed on
behalf of such party.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE 8</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>MISCELLANEOUS</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.1</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Survival</U>.&nbsp;&nbsp;None of the representations and warranties contained in this Agreement will survive the Effective Time.
This Section 8.1 does not limit any covenant of the parties to this Agreement which, by its terms, contemplates performance after
the Effective Time.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">49</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.2</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Cross
References to Defined Terms</U>.&nbsp;&nbsp;Capitalized terms used herein shall have the meanings ascribed to such terms on the
applicable pages noted in the following index of defined terms:</FONT></P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 90%; text-indent: 0pt">Acquisition Proposal</TD>
    <TD STYLE="text-align: right; width: 9%">51</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Action</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Affiliate</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Affiliate Transaction</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Agreement</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Albuquerque Lease</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Approvals</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Articles of Merger</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Audited Financial Statements</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Budget</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Business Day</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Cebolleta Agreement</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Certificate of Non-Foreign Status</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Certificates</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Closing</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Closing Date</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Code</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Confidentiality Agreement</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Contract</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Current Financial Condition</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Dissenting Shares</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Effective Time</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Employee Plan</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Englewood Lease</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Environmental Laws</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Environmental Lien</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">ERISA</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">ERISA Affiliate</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Exchange Act</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Exchange Agent</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Exchange Fund</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Exchange Ratio</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">FIRPTA Affidavit</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">FIRPTA Exemption Certificate</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">FIRPTA Withheld Shares</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Foreign Target Stockholder</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">GAAP</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Governmental Entity</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Hazardous Substance</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">HSR Act</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Indebtedness</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Interim Financial Statements</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">IRS</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">knowledge</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Laws</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Lien</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Material Adverse Effect</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">50</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 90%; text-indent: 0pt">Material Target Contract</TD>
    <TD STYLE="text-align: right; width: 9%">29</TD>
    <TD NOWRAP STYLE="text-align: left; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Merger</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Merger Sub</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Merger Sub Common Stock</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Mineral Properties</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Most Recent Balance Sheet</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">NASDAQ</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">NCA</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Neutron Funding Agreement</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Option Plans</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Options</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Order</TD>
    <TD STYLE="text-align: right">37</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Outside Termination Date</TD>
    <TD STYLE="text-align: right">46</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Permit</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Person</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Proprietary Rights</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser 10-K</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Charter Documents</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Common Stock</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Disclosure Schedule</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Financial Statements</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Mining Claims</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Option Plans</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Options</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Property</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Proxy Statement</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser SEC Reports</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Share Issuance</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Stockholder Approval</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Stockholder Meeting</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Surface and Mineral Leases</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Warrants</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Purchaser Water Rights</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">RCF</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">RCF Investment Agreement</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">RMB</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">RMB Agreement</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">S-4</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Sarbanes-Oxley Act</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">SEC</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Securities Act</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Shared Termination Fee</TD>
    <TD STYLE="text-align: right">48</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Software</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Subsidiary</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Superior Proposal</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Surviving Corporation</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Charter Documents</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Common Stock</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Competing Proposal</TD>
    <TD STYLE="text-align: right">48</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Disclosure Schedule</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Employee Plan</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Environmental Permits</TD>
    <TD STYLE="text-align: right">15, 27</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Financial Statements</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Insurance Policies</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Mining Claims</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Property</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Stockholder Approval</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Stockholder Meeting</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Stockholders</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Surface and Mineral Leases</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Transaction Expenses</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Target Water Rights</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Tax</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Tax Return</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Transaction Agreements</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Transaction Cost Settlement Agreements</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Treas. Reg.</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Voting Agreements</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Warrants</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.3</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Terms
not Defined Elsewhere</U>.&nbsp;&nbsp;The following terms, as used herein, shall have the following meanings:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Action&rdquo;
means any action, claim, suit, litigation, demand, cause of action, charge, complaint, arbitration or other proceeding before any
Governmental Entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Acquisition Proposal&rdquo;
means: (i) any merger, take-over bid, issuer bid, amalgamation, plan of arrangement, business combination, tender offer, exchange
offer, consolidation, recapitalization, liquidation, dissolution or winding-up in respect of Target or any Subsidiary of the Target;
(ii) any direct or indirect sale of assets (or any lease, long-term supply arrangement, license or other arrangement having the
same economic effect as a sale) of Target or its Subsidiaries representing 20% or more of the consolidated assets, revenues or
earnings of Target; (iii) any direct or indirect sale, issuance or acquisition of shares or other equity interests (or securities
convertible into or exercisable for such shares or interest) in Target or any of its Subsidiaries representing 20% or more of the
issued and outstanding equity or voting interest of Target or such Subsidiary or rights or interests therein or thereto; (iv) any
sale of any material interest in any material joint ventures or material mineral properties; (v) any similar material business
combination or transaction, of or involving Target, any Subsidiary of Target or material joint venture of Target, other than with
Purchaser; or (vi) any proposal or offer, or public announcement of an intention, to do any of the foregoing from any Person other
than Purchaser, provided, however, that the term &ldquo;Acquisition Proposal&rdquo; shall not include the transactions contemplated
by this Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Affiliate&rdquo;
means, with respect to any Person, any other Person that directly, or through one or more intermediaries, controls or is controlled
by or is under common control with such Person. For purposes of the foregoing, &ldquo;control&rdquo; means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership
of voting securities, by contract, or otherwise. For the avoidance of doubt, a Subsidiary of any Person shall be deemed to be an
Affiliate of such Person, and such Person shall be deemed to be an Affiliate of such Subsidiary.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Albuquerque Lease&rdquo;
means the Lease Agreement, dated April 12, 2007, between Target and Lohman Partners LLC for the lease of office space located at
2511 Broadbent Parkway, Albuquerque, New Mexico.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">51</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Approvals&rdquo;
means franchises, grants, qualifications, authorizations, licenses, permits, easements, consents, certificates, approvals and orders.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Business Day&rdquo;
means a day except a Saturday, a Sunday or any other day on which the SEC or banks in the City of New York are authorized or required
by Law to be closed.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Cebolleta Agreement&rdquo;
means the amendment of mining lease and agreement, dated as of February 12, 2012, among Target and the other parties thereto, documenting
the changes to the Cebolleta land.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Contract&rdquo;
means any written agreement, commitment, contract, note, bond, mortgage, indenture, lease, instrument or other binding arrangement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Dissenting Shares&rdquo;
shall mean shares of Target Common Stock held as of the Effective Time by a Target Stockholder who has not voted such shares in
favor of the adoption of this Agreement and with respect to which appraisal shall have been duly demanded and perfected in accordance
with the NCA and not effectively withdrawn or forfeited prior to the Effective Time.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Employee Plan&rdquo;
means, with respect to any Person, any employee benefit plan, including any &ldquo;employee benefit plan&rdquo; as defined in Section
3(3) of ERISA, any stock purchase, stock option, stock appreciation, stock incentive, phantom stock, severance, termination, employment,
change-in-control, retention, insurance (including self-insurance), split-dollar, health, medical, disability, sick pay, workers
compensation, supplemental unemployment, post-employment, pension, savings, retirement, profit sharing, vacation, fringe benefit,
multiemployer, collective bargaining, bonus, incentive, deferred compensation, loan and any other employee benefit plan, agreement,
program, policy or other arrangement (including any funding mechanism theretofore or now in effect or required in the future as
a result of the transactions contemplated by this Agreement or otherwise), whether or not subject to ERISA, whether formal or informal.
Without limiting the generality of the foregoing, the term &ldquo;Employee Plan&rdquo; shall specifically include any commitment
or arrangement, made in an individual employment agreement or consulting agreement, which provides (or purports to provide) any
of the types of remuneration or benefits described in the preceding sentence.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Englewood Lease&rdquo;
means the Lease Agreement, dated April 15, 2008, between Target and Cognac Highland Court LLC for the lease of office space located
at 9000 East Nichols Avenue, Englewood, Colorado.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Environmental
Laws&rdquo; means all Laws and Orders of any international, provincial, federal, state, local and any other Governmental Entity
that relate to (i) pollution or the protection of the environment, protection of wildlife and/or wildlife habitat, protection of
cultural or historic resources, including those relating to reclamation, remediation or restoration of mineral or other properties,
the natural environment, (ii) the presence, use, production, generation, handling, transportation, treatment, generation, storage,
disposal, distribution, labelling, testing, processing, discharge, release, threatened release, control, or cleanup of any Hazardous
Substances, or the impact of Hazardous Substances on the environment, health or property, or (iii) public health and safety or
worker health and safety.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">52</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Environmental
Lien&rdquo; means any Lien in favor of any Governmental Entity arising under Environmental Laws.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;ERISA&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;ERISA Affiliate&rdquo;
means, with respect to any Person, any trade or business (whether or not incorporated) which is a member of a controlled group
or which is under common control with such Person within the meaning of Section 414 of the Code and related Treas. Reg.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Exchange Act&rdquo;
means the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Governmental
Entity&rdquo; means any (a) multinational, federal, provincial, state, regional, municipal or other government, or governmental
department, central bank, court, tribunal, arbitrator, commission, board, bureau or agency, whether U.S., Canadian, foreign or
multinational, (b) subdivision, agent, commission, board or authority of any of the foregoing or (c) stock exchange, including
NASDAQ.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Hazardous Substance&rdquo;
means any chemical, material or substance in any form, whether solid, liquid, gaseous, semisolid or any combination thereof, whether
waste material, raw material, finished product, intermediate product, by-product or any other material or article, that is listed
or regulated under any applicable Environmental Laws as a hazardous substance, toxic substance, waste or contaminant or is otherwise
listed or regulated under any applicable Environmental Laws because it poses a hazard to human health or the environment, including
petroleum products, asbestos, PCBs, urea formaldehyde foam insulation and lead-containing paints or coatings.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Indebtedness&rdquo;
means, without duplication (i) all indebtedness or other obligations of the Target for borrowed money, whether current, short-term
or long-term, secured or unsecured, including all overdrafts and negative cash balances, whether accrued or unaccrued, (ii) all
obligations of any Target as lessee under leases that are required to be treated as capital leases in accordance with GAAP, (iii)
all off-balance sheet financings of Target, including synthetic leases and project financings, (iv) all payment obligations of
Target in respect of banker&rsquo;s acceptances or letters of credit (other than stand-by letters of credit in support of ordinary
course trade payables), (v) all Target Transaction Expenses, (vi) all other liabilities or obligations on which interest is customarily
charged, (vii) all indebtedness referred to in clauses (i) through (vii) above of any Person other than Target that is either guaranteed
by, or secured by a Lien upon any property owned by, Target, and (vii) accrued and unpaid interest on, and prepayment premiums,
penalties or similar contractual charges arising as a result of the discharge of, any such foregoing obligation.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;HSR Act&rdquo;
means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations thereunder.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;knowledge&rdquo;
of (i)&nbsp;Target shall mean the actual knowledge of facts, matters or circumstances of the officers and directors of Target listed
on Exhibit C, and (ii) Purchaser and Merger Sub shall mean the actual knowledge of facts, matters or circumstances of the Persons
listed on Exhibit D.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">53</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Laws&rdquo; or
&ldquo;Law&rdquo; means laws, statutes, rules, regulations, orders, ordinances, codes, treaties, and judicial, arbitral, administrative,
ministerial or departmental judgments, awards or other requirements of any Governmental Entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Lien&rdquo; means,
with respect to any property, right or asset, any mortgage, lien, pledge, charge, security interest, purchase option, right of
first offer or refusal, encumbrance or other adverse claim of any kind in respect of such property or asset.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Material Adverse
Effect&rdquo; means, with respect to each party, any fact, circumstance, change, event, occurrence or effect that is or would reasonably
be expected to be materially adverse to the business, condition (financial or otherwise), properties, assets, liabilities, obligations
(whether absolute, accrued, conditional or otherwise), operations or results of operations of such party, its Subsidiaries and
its material joint ventures, taken as a whole, other than any such fact, circumstance, change, event, occurrence or effect relating
to (i) the announcement of the execution of this Agreement or the transactions contemplated hereby, (ii) changes, circumstances
or conditions generally affecting the international or national uranium mining industry, (iii) actions taken or omitted to be taken
with the prior written consent of the Purchaser (in the case of actions or omissions taken by Target) or Target (in the case of
actions or omissions taken by Purchaser) (iv) changes in general economic conditions in the United States, (v) changes in generally
applicable Laws or regulations (other than orders, judgments or decrees against such party, any of its Subsidiaries or any of its
material joint ventures), (vi) changes in GAAP, (vii) any change in the trading price or volume of a party&rsquo;s equity securities,
either (A) related to this Agreement or the announcement thereof, or (B) primarily resulting from a fact, circumstance, change,
event, occurrence excluded from this definition of Material Adverse Effect, (viii) any failure by a party to meet any internal
or published projections, forecasts or revenue or synergy or earnings predictions (collectively &ldquo;Estimates&rdquo;) (it being
understood that the foregoing shall not prevent a party from asserting that any fact, circumstance, change, event, occurrence or
effect that may have contributed to such change in trading prices or Estimates independently constitutes a Material Adverse Effect),
or (ix) with respect to Target, (1) the fact that Target has substantially no cash, current assets or sources of revenue, and has
significant liabilities and obligations under the Existing Senior Loan Documents (as defined in the Neutron Funding Agreement)
and the Budget (&ldquo;Current Financial Condition&rdquo;); (2) the change in the financial condition of Target from the date of
the Most Recent Balance Sheet to the Current Financial Condition and (3) the effect of any additional liabilities incurred pursuant
to transactions contemplated by the Neutron Funding Agreement and the other Transaction Agreements; provided, however, that such
fact, circumstance, change, event, occurrence or effect referred to in clauses (ii) or (iii) above does not: (A) primarily relate
only to (or have the effect of primarily relating only to) such party, its Subsidiaries and its material joint ventures, taken
as a whole, or (B) have a materially disproportionate adverse effect on such party, its Subsidiaries and its material joint ventures,
taken as a whole, compared to other companies of similar size operating in the industry in which such party, its Subsidiaries and
its material joint ventures operate.</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Mineral Properties&rdquo;
means with respect to a party the natural or mineral resource or exploration properties of the party or its Subsidiaries, and for
greater certainty includes any mines or development projects in which the party or its Subsidiaries has an interest.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">54</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;NASDAQ&rdquo;
means The Nasdaq Stock Market.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Neutron Funding
Agreement&rdquo; means that certain Funding Agreement, dated as of the date hereof, among Purchaser, Target and RCF, attached hereto
as Exhibit E.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Option Plans&rdquo;
means the stock option or incentive plans for directors, officers, employees and consultants (if any) of such party and other eligible
persons (as applicable).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Person&rdquo;
means any individual, corporation (including any non-profit corporation), general partnership, limited partnership, limited liability
partnership, joint venture, estate, trust, company (including any limited liability company, unlimited liability company or joint
stock company), firm or other enterprise, association, organization, entity or Governmental Entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Purchaser Option
Plans&rdquo; means the Options Plans of Purchaser set forth in the Purchaser SEC Reports.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Purchaser Share
Issuance&rdquo; means the issuance by Purchaser of shares of Purchaser Common Stock in the Merger and pursuant to the Transaction
Documents.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;RCF&rdquo; means
Resource Capital Fund V L.P.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;RCF Investment
Agreement&rdquo; means that certain Investment Agreement, dated as of the date hereof, among Purchaser, Target and RCF, attached
hereto as Exhibit F.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;RMB&rdquo; means
RMB Resources, Inc.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;RMBAH&rdquo;
means RMB Australia Holdings Limited.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;RMB Agreement&rdquo;
means that certain agreement, dated as of the date hereof, among Purchaser, Target, RMBAH and RMB, attached hereto as Exhibit G.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;SEC&rdquo; means
the United States Securities and Exchange Commission.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Securities Act&rdquo;
shall mean the Securities Act of 1933, as amended.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Subsidiary&rdquo;
shall mean, when used with reference to any party, any Person of which such party (either alone or through or together with any
other Subsidiary) either owns, directly or indirectly, fifty percent (50%) or more of the outstanding capital stock or other equity
interests the holders of which are generally entitled to vote for the election of directors or members of any other governing body
of such Person or, in the case of a Person that is a partnership, is a general partner of such partnership, or any Person the accounts
of which such party is required to consolidate in its own financial statements under the generally accepted accounting principles
applicable to such party.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Superior Proposal&rdquo;
means an Acquisition Proposal that: (i) is made in writing after the date hereof; (ii) was not solicited after the date hereof
in contravention of Section 5.12; (iii) is made for all of the shares of Target Common Stock; (iv) that is reasonably capable of
being completed, taking into account all legal, financial, regulatory and other aspects of such proposal and the party making such
proposal; (v) that is not subject to any financing condition and in respect of which any required financing to complete such Acquisition
Proposal has been obtained (as demonstrated to the satisfaction of the Target board of directors, acting in good faith, after receipt
of advice from its financial advisors and outside legal counsel); (vi) that is not subject to any due diligence and/or access condition;
(vii) that is offered or made available to all stockholders of Target on the same terms; and (viii) in respect of which the Target
board of directors determines in good faith (after receipt of advice from its financial advisors with respect to (y) below and
outside legal counsel with respect to (x) below) that (x) failure to recommend such Acquisition Proposal to Target&rsquo;s stockholders
would be inconsistent with its fiduciary duties and (y) such Acquisition Proposal taking into account all of the terms and conditions
thereof, if consummated in accordance with its terms (but not assuming away any risk of non-completion), would result in a transaction
more favorable to stockholders from a financial point of view than the Merger (including any adjustment to the terms and conditions
of the Merger and this Agreement proposed by Purchaser pursuant to Section 5.12).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">55</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Target Employee
Plan&rdquo; means any Employee Plan under which (i) any current or former director, officer, consultant or employee of Target or
any of its Subsidiaries (or any of their beneficiaries or dependants) has any present or future right to benefits and which is
contributed to, entered into, sponsored by or maintained by Target, any of its Subsidiaries or any of their ERISA Affiliates or
(ii) Target or any of its Subsidiaries has or reasonably would be expected to have any present or future statutory, contractual
or other liability.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Target Stockholders&rdquo;
means holders of shares of Target Common Stock.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Target Transaction
Expenses&rdquo; means all out-of-pocket fees and expenses and expenses incurred by Target in connection with or related to the
transactions contemplated by this Agreement, including investment banking, legal, and accounting fees and expenses, that are unpaid
immediately prior to the Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Tax&rdquo; and
&ldquo;Taxes&rdquo; means any and all taxes, charges, fees, levies or other assessments imposed by Laws, including all income taxes
(including any tax on or based upon net income, gross income, income as specially defined, earnings, profits or selected items
of income) and all capital taxes, mining taxes, gross receipts taxes, environmental taxes, profits taxes, disability taxes, registration
taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes, franchise taxes, license taxes, development
taxes, education taxes, business taxes, social services taxes, surtaxes, land transfer taxes, harmonized sales taxes, withholding
taxes or other withholding obligations, net worth taxes, recording taxes, capital stock taxes, payroll taxes, employment taxes,
excise taxes, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add-on minimum
taxes, goods and services taxes, service use taxes, customs duties or other governmental charges, estimated or other taxes, assessments,
charges, duties or imposts of any kind whatsoever, including unemployment insurance payments and workers&rsquo; compensation premiums,
together with any installments with respect thereto, and any interest, penalties, additional taxes, additions to tax or other amounts
imposed by any taxing authority with respect to the foregoing and any liability for any such Taxes imposed by Law with respect
to any other Person, including under any tax sharing, indemnification or other agreements or arrangements or any liability for
taxes of a predecessor or transferor entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">56</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Tax Return&rdquo;
means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule
or attachment thereto, and including any amendment thereof.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Transaction Cost
Settlement Agreements&rdquo; means the agreements in the form attached hereto as Exhibit H, dated as of the date hereof, among
Purchaser, Target and the other parties identified on Exhibit I which waive all of Target&rsquo;s severance or change of control
payment obligations to such parties.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Voting Agreements&rdquo;
means the voting agreements in the form attached hereto as Exhibit J (as the same may be amended upon the mutual agreement of Purchaser
and Target) between Purchaser and the Target Stockholders listed on Exhibit A hereto setting forth the terms and conditions upon
which they have agreed, among other things, to vote their shares of Target Common Stock to approve the Merger.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.4</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Notices</U>.&nbsp;&nbsp;All
notices, requests, demands, letters, waivers and other communications required or permitted to be given under this Agreement shall
be in writing and shall be deemed to have been duly given if (a) delivered personally, (b) mailed, certified or registered mail
with postage prepaid, (c) sent by next-day or overnight mail or delivery or (d) sent by fax, as follows:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">if to Purchaser or Merger
Sub:</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Uranium Resources
Inc.</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">405 State Highway
121 Bypass,</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Building A, Suite&nbsp;110</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Lewisville, Texas&nbsp;75067</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Attention:&nbsp;&nbsp;President</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Telecopy No.:
(505) 842-8123</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">with a copy to:</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Uranium Resources
Inc.</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">405 State Highway
121 Bypass,</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Building A, Suite&nbsp;110</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Lewisville, Texas&nbsp;75067</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Attention:&nbsp;&nbsp;Treasurer</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Telecopy No.:
(505) 842-8123</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">and</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Baker &amp; Hostetler
LLP</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">303 East 17<FONT STYLE="vertical-align: text-top">th</FONT>
Avenue, Suite 1100</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Denver, Colorado
80203-1264</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alfred C. Chidester</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Telecopy No.:&nbsp;&nbsp;&nbsp;(303)
861-7805</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">57</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">if to Target:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Neutron Energy
Inc.</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">9000 E. Nichols
Avenue</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Suite 225</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Englewood, Colorado
80112</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Attn.: Chief Executive
Officer</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Telecopy No.:
(303) 531-0519</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">with a copy to</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Hogan Lovells
US LLP</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">One Tabor Center,
Suite 1500</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">1200 Seventeenth
Street</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Denver, Colorado
80202</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Attention: Paul
Hilton</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0 0pt 108pt; font: 10pt Times New Roman, Times, Serif">Telecopy No.:&nbsp;
(303) 899-7333</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">All such notices, requests,
demands, letters, waivers and other communications shall be deemed to have been received (w) if by personal delivery, on the day
of such delivery, (x) if by certified or registered mail, on the fifth Business Day after the mailing thereof, (y) if by next-day
or overnight mail or delivery, on the day delivered or (z) if by fax, on the day following the day on which such fax was sent,
provided that a copy is also sent by certified, registered or overnight mail.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.5</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Interpretation</U>.&nbsp;&nbsp;When
a reference is made in this Agreement to an Article or Section, such reference shall be to an Article or Section of this Agreement
unless otherwise indicated.&nbsp;&nbsp;The headings and the table of contents contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this Agreement.&nbsp;&nbsp;All references to a dollar ($)
amount in this Agreement refer to United States Dollars.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.6</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Counterparts</U>.&nbsp;&nbsp;This
Agreement may be executed in counterparts, which together shall constitute one and the same Agreement.&nbsp;&nbsp;The parties may
execute more than one copy of the Agreement, each of which shall constitute an original.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.7</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Entire
Agreement</U>.&nbsp;&nbsp;This Agreement (including the documents and the instruments referred to herein), constitutes the entire
agreement among the parties and supersede all prior agreements and understandings, agreements or representations by or among the
parties, written and oral, with respect to the subject matter hereof and thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.8</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Third
Party Beneficiaries</U>.&nbsp;&nbsp;Other than RCF for purposes of the representations and warranties and Section 7.3, nothing
in this Agreement, express or implied, is intended or shall be construed to create any third party beneficiaries; <U>provided</U>,
<U>however</U>, that the provisions in Article 2 concerning issuance of the Purchaser Common Stock at the Effective Time and Section
5.15 concerning directors&rsquo; and officers&rsquo; liability insurance are intended for the benefit of the individuals specified
therein.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">58</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.9</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Governing
Law</U>.&nbsp;&nbsp;Except to the extent that the Laws of the jurisdiction of organization of any party hereto, or any other jurisdiction,
are mandatorily applicable to the Merger or to matters arising under or in connection with this Agreement, this Agreement shall
be deemed to be made in and in all respects shall be interpreted, construed and governed by and in accordance with, and any disputes
arising out of or related to this Agreement shall be interpreted, construed and governed by and in accordance with, the Laws of
the State of Colorado without giving effect to principles of conflict of laws.&nbsp;&nbsp;The parties hereby irrevocably submit
to the jurisdiction of any state or federal court located in the State of Colorado for any litigation arising out of or relating
to the interpretation and enforcement of this Agreement and of the documents referred to in this Agreement, and in respect of the
transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in any Action for the interpretation
or enforcement hereof or of any such document, that it is not subject thereto or that such Action may not be brought or is not
maintainable in said courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not
be enforced in or by such courts, and the parties hereto irrevocably agree that all claims with respect to such Actions shall be
heard and determined in such courts of the State of Colorado. The parties hereby consent to and grant any such court jurisdiction
over the person of such parties and over the subject matter of such dispute and agree that mailing of process or other papers in
connection with any such Action in the manner provided in Section 8.4 or in such other manner as may be permitted by Law shall
be valid and sufficient service thereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.10</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Specific
Performance</U>.&nbsp;&nbsp;Target acknowledges that its business is unique and recognizes and affirms that in the event of a breach
of this Agreement by Target prior to the valid termination of this Agreement or the Closing, money damages may be inadequate and
Purchaser may have no adequate remedy at law.&nbsp;&nbsp;Accordingly, Target agrees that, subject to Section 7.3(b)(vi), Purchaser
shall have the right, prior to the valid termination of this Agreement or the Closing, in addition to any other rights and remedies
existing in their favor, to enforce its rights and the obligations of Target hereunder not only by an action or actions for damages,
but also by an action or actions for specific performance, injunctive or other equitable relief.&nbsp;&nbsp;Purchaser and Merger
Sub acknowledge and affirm that in the event of a breach of this Agreement by Purchaser or Merger Sub prior to Closing, money damages
may be inadequate and Target may have no adequate remedy at law.&nbsp;&nbsp;Accordingly, Purchaser and Merger Sub agree that Target
shall have the right, in addition to any other rights and remedies existing in its favor, to enforce its rights and the obligations
of Purchaser and Merger Sub hereunder not only by an action or actions for damages, but also by an action or actions for specific
performance, injunctive or other equitable relief.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.11</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Assignment</U>.&nbsp;&nbsp;Neither
this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (whether
by operation of law or otherwise) without the prior written consent of the other parties.&nbsp;&nbsp;Subject to the preceding sentence,
this Agreement shall be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors
and assigns.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">[Signature Page Follows.]</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">59</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">IN WITNESS WHEREOF, Purchaser,
Merger Sub and Target have signed this Agreement as of the date first written above.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">URANIUM RESOURCES, INC.</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: left; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Donald C. Ewigleben</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Name:&nbsp;&nbsp;Donald C. Ewigleben</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Title:&nbsp;&nbsp;President and Chief Executive Officer</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">URI MERGER CORPORATION</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: left; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Donald C. Ewigleben</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Name:&nbsp;&nbsp;Donald C. Ewigleben</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Title:&nbsp;&nbsp;President and Chief Executive Officer</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">NEUTRON ENERGY, INC.</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: left; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Gary C. Huber</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Name:&nbsp;&nbsp;Gary C. Huber</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Title:&nbsp;&nbsp;President and Chief Executive Officer</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v306490_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="text-align: right; margin: 0pt 0"><B>Exhibit 10.2</B></P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Execution Version</I></P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>INVESTMENT AGREEMENT</U></B></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">This <B>INVESTMENT AGREEMENT</B>
(this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of March 1, 2012, by and among, URANIUM RESOURCES, INC.,<B>&nbsp;</B>a
Delaware corporation, having a place of business at 405 State Highway 121 Bypass, Building A, Suite&nbsp;110, Lewisville, Texas&nbsp;75067
(the &ldquo;<U>Company</U>&rdquo;), NEUTRON ENERGY, INC., a Nevada corporation having a place of business at 9000 E. Nichols Avenue,
Suite 225, Englewood, Colorado 80112 (&ldquo;<U>Neutron</U>&rdquo;), and RESOURCE CAPITAL FUND V L.P., an exempt limited partnership
formed under the laws of the Cayman Islands (the &ldquo;<U>Purchaser</U>&rdquo;).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>W I T N E S S:</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>WHEREAS</B>, contemporaneously
herewith, the Company has entered into an Agreement and Plan of Merger (the &ldquo;<U>Merger Agreement</U>&rdquo;) with URI Merger
Corporation, a Nevada corporation and an indirect wholly-owned subsidiary of the Company (&ldquo;<U>Merger Corp</U>.&rdquo;), and
Neutron under which Neutron would merge with Merger Corp. and become an indirect wholly-owned subsidiary of the Company (the &ldquo;<U>Merger</U>&rdquo;);</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>WHEREAS</B>, in connection
with the Merger, the Purchaser desires to purchase and the Company desires to sell $20,000,000 of the Company&rsquo;s common stock,
$0.001 par value per share (the &ldquo;<U>Common Stock</U>&rdquo;) (the &ldquo;<U>Merger Financing</U>&rdquo;), concurrent with
the closing of the Merger (the &ldquo;<U>Merger Closing</U>&rdquo;), with the proceeds of such purchase to be used by the Company
to partially repay a loan due to RMB Australia Holdings Limited (&ldquo;<U>RMB</U>&rdquo;) by Neutron (the &ldquo;<U>RMB Loan</U>&rdquo;);
and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>WHEREAS</B>, the
Purchaser desires to purchase and the Company desires to sell up to an additional $15,000,000 in Common Stock, for the purpose
of funding the Neutron Budget and the Company Budget, both as defined below;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>NOW, THEREFORE</B>,
in consideration of the promises and the mutual representations and covenants hereinafter set forth, the parties hereto do hereby
agree as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE I</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>DEFINITIONS</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Acquisition
Shares</U>&rdquo; shall have the meaning provided in Section 2.2.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, any other Person that directly, or through one or more intermediaries, controls or is controlled
by or is under common control with such Person. For purposes of the foregoing, &ldquo;control&rdquo; means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise. For the avoidance of doubt, a Subsidiary of any Person shall be deemed to be an
Affiliate of such Person, and such Person shall be deemed to be an Affiliate of such Subsidiary.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Agreement</U>&rdquo;
shall have the meaning provided in the Preamble.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Alternate
Share Price</U>&rdquo; means the lower of (i) the Share Price or (ii) the VWAP for the twenty (20) Trading Days preceding the Merger
Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Cebolleta
Agreement</U>&rdquo; means the amendment of mining lease and agreement, dated as of February 12, 2012, among the Company, Neutron
and the other parties thereto, documenting certain changes to the Cebolleta property agreements and the payments related thereto.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Closing Date</U>s&rdquo;
shall mean the Tranche I Closing Date, the Tranche II Closing Date, if applicable, and the Merger Financing Closing Date.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Common Stock</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Company</U>&rdquo;
shall have the meaning provided in the Preamble.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Company Budget</U>&rdquo;
means a detailed 12-month budget for calendar year 2012 for the Company, including pre-Merger and post-Merger operation of the
Company, which covers with specificity the exploration, development, management and operation of the Company&rsquo;s properties
and the detailed budget relating to such activities, prepared by the Company and approved by the Board of Directors of the Company
and Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Company Stockholder
Approval</U>&rdquo; means the affirmative vote in favor of the Merger and the issuance of Acquisition Shares by the Company in
connection therewith, by the holders of a majority of the outstanding shares of Common Stock.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Estimates</U>&rdquo;
shall have the meaning provided in the definition of &ldquo;Material Adverse Effect.&rdquo;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Exchange Act</U>&rdquo;
means the U.S. Securities Exchange Act of 1934, as amended.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>GAAP</U>&rdquo;
means United States generally accepted accounting principles.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Initial Private
Placement</U>&rdquo; shall have the meaning provided in Section 2.1.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Material Adverse
Effect</U>&rdquo; means, with respect to the Company or Neutron, any fact, circumstance, change, event, occurrence or effect that
is or would reasonably be expected to be materially adverse to the business, condition (financial or otherwise), properties, assets,
liabilities, obligations (whether absolute, accrued, conditional or otherwise), operations or results of operations of such party,
its Subsidiaries and its material joint ventures, taken as a whole, other than any such fact, circumstance, change, event, occurrence
or effect relating to (i) the announcement of the execution of the Merger Agreement or the transactions contemplated thereby, (ii)
changes, circumstances or conditions generally affecting the international or national uranium mining industry, (iii) actions taken
or omitted to be taken with the prior written consent of the Company (in the case of actions or omissions taken by Neutron) or
Neutron (in the case of actions or omissions taken by the Company) (iv) changes in general economic conditions in the United States,
(v) changes in generally applicable laws or regulations (other than orders, judgments or decrees against such party, any of its
Subsidiaries or any of its material joint ventures), (vi) changes in GAAP, (vii) any change in the trading price or volume of a
party&rsquo;s equity securities, either (A) related to the Merger Agreement or the announcement thereof, or (B) primarily resulting
from a fact, circumstance, change, event, occurrence excluded from this definition of Material Adverse Effect, (viii) any failure
by a party to meet any internal or published projections, forecasts or revenue or synergy or earnings predictions (collectively
&ldquo;Estimates&rdquo;) (it being understood that the foregoing shall not prevent a party from asserting that any fact, circumstance,
change, event, occurrence or effect that may have contributed to such change in trading prices or Estimates independently constitutes
a Material Adverse Effect), or (ix) with respect to Neutron, (1) the fact that Neutron has substantially no cash, current assets
or sources of revenue, and has significant liabilities and obligations under the Existing Senior Loan Documents (as defined in
the Neutron Funding Agreement) and the Budget (&ldquo;Current Financial Condition&rdquo;); (2) the change in the financial condition
of Neutron from the date of the Most Recent Balance Sheet to the Current Financial Condition (as such terms are defined in the
Merger Agreement); and (3) the effect of any additional liabilities incurred pursuant to transactions contemplated by the Neutron
Funding Agreement and the other Transaction Agreements; provided, however, that such fact, circumstance, change, event, occurrence
or effect referred to in clauses (ii) or (iii) above does not: (A) primarily relate only to (or have the effect of primarily relating
only to) such party, its Subsidiaries and its material joint ventures, taken as a whole, or (B) have a materially disproportionate
adverse effect on such party, its Subsidiaries and its material joint ventures, taken as a whole, compared to other companies of
similar size operating in the industry in which such party, its Subsidiaries and its material joint ventures operate.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Agreement</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Closing</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Corp.</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Financing</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Financing
Closing Conditions</U>&rdquo; shall mean the conditions to closing set forth in Section 6.2.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Financing
Closing</U>&rdquo; shall mean the closing of the purchase and sale of the Acquisition Shares.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Financing
Closing Date</U>&rdquo; shall mean the date of the Merger Financing Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>NASDAQ</U>&rdquo;
shall mean the NASDAQ Stock Market.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Neutron</U>&rdquo;
shall have the meaning provided in the Preamble.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Neutron Budget</U>&rdquo;
means a detailed 8-month budget for Neutron for the period beginning January 1, 2012, which covers with specificity the exploration,
development, management and operation of Neutron&rsquo;s properties and the detailed budget relating to such activities,&nbsp;&nbsp;prepared
by Neutron and approved by Purchaser and the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Neutron Funding
Agreement</U>&rdquo; means the Credit and Funding Agreement, dated as of the date hereof, between the Company and Neutron.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Offerings</U>&rdquo;
shall mean the Initial Private Placement and the Merger Financing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Person</U>&rdquo;
means any individual, corporation (including any non-profit corporation), general partnership, limited partnership, limited liability
partnership, joint venture, estate, trust, company (including any limited liability company, unlimited liability company or joint
stock company), firm or other enterprise, association, organization, entity or governmental entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Purchaser</U>&rdquo;
shall have the meaning provided in the Preamble.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Registration
Rights Agreement</U>&rdquo; means the registration rights agreement dated the date hereof with respect to the Shares between the
Company and Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>RMB</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>RMB Agreement</U>&rdquo;
means the Forbearance and Debt Conversion Agreement, dated as of the date hereof, among the Company, Neutron and RMB.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>RMB Loan</U>&rdquo;
shall have the meaning provided in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>SEC</U>&rdquo;
means the U.S. Securities and Exchange Commission.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Securities
Act</U>&rdquo; means the U.S. Securities Act of 1933, as amended.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Share Price</U>&rdquo;
shall mean $0.9747 (which is equal to the VWAP for the forty (40) Trading Days prior to February 24, 2012, up to, and including,
February 24, 2012).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Shares</U>&rdquo;
means the Tranche I Shares, the Tranche II Shares and the Acquisition Shares.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Stockholders&rsquo;
Agreement</U>&rdquo; means the stockholders&rsquo; agreement dated the date hereof between the Company and the Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Subsidiary</U>&rdquo;
shall mean, when used with reference to any Person, any Person of which such Person (either alone or through or together with any
other Subsidiary) either owns, directly or indirectly, fifty percent (50%) or more of the outstanding capital stock or other equity
interests the holders of which are generally entitled to vote for the election of directors or members of any other governing body
of such Person or, in the case of a Person that is a partnership, is a general partner of such partnership, or any Person the accounts
of which such party is required to consolidate in its own financial statements under the generally accepted accounting principles
applicable to such Person.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Trading Day</U>&rdquo;
means a day on which the public stock exchange on which the shares of Common Stock are principally traded is open and on which
shares of Common Stock are traded.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche I
Closing</U>&rdquo; shall have the meaning provided in Section 2.1(a).</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche I
Closing Conditions</U>&rdquo; shall mean the conditions to closing set forth in Section 6.1 with respect to the Tranche I Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche I
Closing Date</U>&rdquo; shall mean the closing date of the Tranche I Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche I
Shares</U>&rdquo; shall have the meaning provided in Section 2.1(a).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche II
Closing</U>&rdquo; shall have the meaning provided in Section 2.1(b).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche II
Closing Date</U>&rdquo; shall mean the closing date of the Tranche II Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche II
Shares</U>&rdquo; shall have the meaning provided in Section 2.1(b).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Transaction
Agreements</U>&rdquo; shall mean this Agreement, the Stockholders&rsquo; Agreement, the Registration Rights Agreement, the Merger
Agreement and the various other agreements related to the Merger and the transactions contemplated by the Merger Agreement, including
the RMB Agreement, the Neutron Funding Agreement, the Transaction Cost Settlement Agreements and the Cebolleta Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Transaction
Cost Settlement Agreements</U>&rdquo;&nbsp;&nbsp;means the agreements, dated as of the date hereof, among the Company, Neutron
and those parties identified therein which obligate the Company, subject to the terms and conditions set forth therein, to issue
not more than 1,000,000 shares of Common Stock in full satisfaction of Neutron&rsquo;s obligations to such parties.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>VWAP</U>&rdquo;
means Volume-Weighted Average Price, being the price per share of Common Stock calculated by dividing (x) an amount equal to the
total value of shares of Common Stock traded during a particular time period, by (y) an amount equal to the total volume of shares
of Common Stock traded over that particular time period, which shall be based on the price and volume quotes provided by the applicable
public stock exchange and published by Bloomberg, which amount shall be calculated by the Purchaser and deemed to be accurate absent
manifest error.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE II</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>AGREEMENT TO PURCHASE
AND SELL INITIAL SHARES AND ACQUISITION SHARES</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Initial
Private Placement</U>.&nbsp;&nbsp;The Purchaser hereby agrees to purchase and the Company hereby agrees to sell, subject to the
terms and conditions set forth herein, up to $15,000,000 in Common Stock (the &ldquo;<U>Initial Private Placement</U>&rdquo;),
with the transaction to be made in two tranches as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
satisfaction of all Tranche I Closing Conditions and within ten (10) business days after the date of this Agreement, Purchaser
shall purchase that number of shares of Common Stock equal to: (i) $10,000,000 <U>divided</U> by (ii) the Share Price (the &ldquo;<U>Tranche
I Shares</U>&rdquo;).&nbsp;&nbsp;Closing of the purchase and sale of the Tranche I Shares (the &ldquo;<U>Tranche I Closing</U>&rdquo;)
shall occur within ten (10) business days after the execution of this Agreement or, if later, satisfaction of all Tranche I Closing
Conditions; provided, however, that the number of Tranche I Shares shall not exceed, and shall be capped, at 19.9% of the total
number of shares of Common Stock outstanding prior to giving effect to the issuance of the Tranche I Shares unless and until the
Company Stockholder Approval has been obtained.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
satisfaction of all Merger Financing Closing Conditions and upon receipt of the written request of the Company, which request may
or may not be made at the option of the Company in its sole discretion, Purchaser shall purchase that number of shares of Common
Stock equal to (i) $5,000,000 <U>divided</U> by (ii) the Alternate Share Price (the &ldquo;<U>Tranche II Shares</U>&rdquo;).&nbsp;&nbsp;Closing
of the purchase and sale of the Tranche II Shares (the &ldquo;<U>Tranche II Closing</U>&rdquo;) shall occur within ten (10) business
days after the later of the Merger Financing Closing Date and the receipt of the Company&rsquo;s written offer to sell the Tranche
II Shares to Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Merger
Financing</U>.&nbsp;&nbsp;The Purchaser hereby agrees to purchase and the Company hereby agrees to sell, subject to the terms and
conditions set forth herein, upon satisfaction of all Merger Financing Closing Conditions and concurrent with the Merger Closing,
that number of shares of Common Stock equal to: (i) $20,000,000 <U>divided</U> by (ii) the Share Price; <I>provided however</I>,
that in no event shall the number of such shares of Common Stock&nbsp;&nbsp;purchased by the Purchaser in the Merger Financing
equal less than 24,638,673 shares or more than 33,000,000 shares, regardless of the Share Price (the &ldquo;<U>Acquisition Shares</U>&rdquo;).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closings</U>.&nbsp;&nbsp;The
Tranche I Closing, the Merger Financing Closing, and the Tranche II Closing (if any), each as contemplated under this Agreement,
will take place at the offices of Davis Graham &amp; Stubbs LLP, 1550 Seventeenth Street, Suite 500, Denver, Colorado 80202 in
accordance with the terms and conditions, and subject to the satisfaction or waiver (to the extent permitted by this Agreement
and applicable law) of the conditions set forth in Article VI, or at such other place, date and time as the Purchaser and the Company
shall agree in writing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE III</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>REPRESENTATIONS, WARRANTIES
AND COVENANTS BY PURCHASER</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The Purchaser hereby
represents and warrants to, and covenants with, the Company that the following are true and correct as of the date of this Agreement
and will be true and correct as of the Tranche I Closing Date, the Tranche II Closing Date, if applicable, and the Merger Financing
Closing Date as though made as of such dates, except to the extent such representations and warranties are specifically made as
of a particular date (in which case such representations and warranties will be true and correct as of such date).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser recognizes that: (i) the purchase of the Shares involves a high degree of risk, is speculative and only investors who
can afford the loss of their entire investment should consider investing in the Company and/or the Shares; (ii) the Purchaser may
not be able to liquidate its investment; (iii) transferability of the Shares is limited; and, (iv) in the event of a disposition
of the Shares, the Purchaser could sustain the loss of its entire investment.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser represents that the Purchaser is an &ldquo;accredited investor&rdquo;, as indicated by the Purchaser&rsquo;s responses
to the questions contained in <U>Appendix A</U>, attached hereto.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser represents and warrants that the Purchaser has been furnished by the Company during the course of this transaction with
all information regarding the Company and Neutron which the Purchaser, as well as its investment advisor, attorney and/or accountant,
has requested or desired to know, and has been afforded the opportunity to ask questions of and receive answers from duly authorized
officers or other representatives of the Company and Neutron concerning the terms and conditions of the Offerings, and has received
any additional information which the Purchaser has requested concerning the terms and conditions of the Offerings, the Company
and Neutron.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser has relied solely upon the information provided by the Company and Neutron in making its decision to invest in the Shares
and has not relied upon any other representation or other information (whether oral or written) from any other third party.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser represents that no Shares were offered or sold to it by means of any form of general solicitation or general advertising,
and in connection therewith the Purchaser did not:&nbsp;&nbsp;(A) receive or review any advertisement, article, notice or other
communication published in a newspaper or magazine or similar media or broadcast over television or radio whether closed circuit,
or generally available; or (B) attend any seminar meeting or industry investor conference whose attendees were invited by any general
solicitation or general advertising.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser understands that the Shares have not been registered under the Securities Act by reason of a claimed exemption under
the provisions of the Securities Act which depends, in part, upon the Purchaser&rsquo;s investment intention.&nbsp;&nbsp;In this
connection, the Purchaser hereby represents that the Purchaser is purchasing the Shares for its own account for investment purposes
only and not with a view toward the resale or distribution to others and has no contract, undertaking, agreement or other arrangement,
in existence or contemplated, to sell, pledge, assign or otherwise transfer the Shares to any other person.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser consents to the placement of a legend on any certificate or other document evidencing the Shares substantially as set
forth below, that such Shares have not been registered under the Securities Act or any state securities or &ldquo;blue sky&rdquo;
laws and setting forth or referring to the restrictions on transferability and sale thereof contained in this Agreement.&nbsp;&nbsp;The
Purchaser is aware that the Company will make a notation in its appropriate records with respect to the restrictions on the transferability
of the Shares.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 72pt 0pt 75pt; font: 10pt Times New Roman, Times, Serif">THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;ACT&rdquo;) OR UNDER ANY BLUE
SKY&rdquo; OR STATE SECURITIES LAWS, AND THE SECURITIES MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND
APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.&nbsp;&nbsp;THE ISSUER OF THESE SECURITIES MAY
REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE
IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser agrees to supply the Company, within five (5) business days after the Purchaser receives the request therefore from the
Company, with such additional information concerning the Purchaser as the Company deems necessary or advisable.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE IV</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>REPRESENTATIONS, WARRANTIES
AND COVENANTS OF THE COMPANY</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The Company hereby represents
and warrants to, and covenants with, the Purchaser that the following are true and correct as of the date of this Agreement and
will be true and correct as of the Tranche I Closing Date, the Tranche II Closing Date, if applicable, and the Merger Financing
Closing Date as though made as of the such dates, except to the extent such representations and warranties are specifically made
as of a particular date (in which case such representations and warranties will be true and correct as of such date).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company agrees that the representations, warranties and covenants made by the Company and the Merger Corp. to Neutron in the Merger
Agreement are repeated herein to and for the benefit of Purchaser as if fully set forth herein.&nbsp;&nbsp;The Purchaser may rely
on such representations, warranties and covenants as fully as if they were set forth herein.&nbsp;&nbsp;Such representations, warranties
and covenants shall form an integral part of this Agreement and shall survive the Closing Dates.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Tranche I Shares to be issued at the Tranche I Closing and the issuance thereof have been duly authorized and, when issued and
delivered in accordance with the terms of this Agreement, will have been validly issued and will be fully paid and nonassessable.&nbsp;&nbsp;The
Tranche II Shares and the Acquisition Shares and the issuance thereof have been duly authorized, subject to the receipt of the
Company Stockholder Approval, and, when issued and delivered in accordance with the terms of this Agreement will have been validly
issued and will be fully paid and nonassessable.&nbsp;&nbsp;The Shares are issued free and clear of any lien or other encumbrance,
and the issuance of the Shares will not be subject to any preemptive or other similar right.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder and,
with respect to the Tranche II Shares and the Acquisition Shares, subject to the receipt of the Company Stockholder Approval, to
consummate the transactions contemplated hereby.&nbsp;&nbsp;The execution, delivery and performance by the Company of this Agreement
and the consummation by the Company of the transactions contemplated hereby have been duly and validly authorized by all necessary
corporate action on the part of the Company, and no other corporate proceedings on the part of the Company are necessary to authorize
this Agreement or to consummate the transactions so contemplated, other than, with respect to the Tranche II Shares and the Acquisition
Shares, the Company Stockholder Approval.&nbsp;&nbsp;This Agreement has been duly and validly executed and delivered by the Company
and, assuming the due authorization, execution and delivery by the Purchaser, constitutes a valid, legal and binding obligation
of the Company, enforceable against the Company in accordance with its terms, except that such enforcement may be subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting creditors&rsquo;
rights generally.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">8</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
execution, delivery and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated
hereby, do not and will not, subject to obtaining the Company Stockholder Approval with respect to the issuance of the Tranche
II Shares and the Acquisition Shares, (i) contravene, conflict with or result in a violation or breach of any provision of the
Company&rsquo;s Certificate of Incorporation and bylaws or the organizational documents of any of the Company&rsquo;s Subsidiaries,
(ii) contravene, conflict with or result in a violation or breach of any provisions of any law applicable to the Company or any
of its Subsidiaries or by which its or any of their respective properties is bound or affected, (iii) require any consent or other
action by any Person under, constitute a default (or an event that, with or without notice or lapse of time or both, would constitute
a default) under, or cause or permit the termination, amendment, acceleration, triggering or cancellation or other change of any
right or obligation or the loss of any benefit to which the Company or any of its Subsidiaries is entitled under any provision
of any contract binding upon the Company or any of its Subsidiaries, or (iv) result in the creation or imposition of any lien on
any asset of the Company or any of its Subsidiaries, other than such exceptions in the case of clause (ii) or (iii) as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
execution, delivery and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated
hereby do not, and shall not, require any approval, action by or in respect of, filing with or notification to, any governmental
entity, to be made or obtained by the Company or its Subsidiaries, except for (i) any filing with the SEC by the Company required
to be made by the Company pursuant to the Exchange Act in connection with the Merger and the Offerings and the transactions contemplated
thereby, (ii) such other filings, authorizations, decisions or orders as may be required by the rules and regulations of NASDAQ
or any state securities or blue sky laws, (iii) such other filings specified in the Merger Agreement, and (iv) any other approvals
or permits, which, if not obtained, would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect with respect to the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its Subsidiaries have not incurred, nor will they incur, directly or indirectly, any liability for brokerage or finder&rsquo;s
fees or agent&rsquo;s commissions or any similar charges in connection with the Merger Agreement or this Agreement or any transaction
contemplated hereby.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company nor its Subsidiaries nor any agent acting on behalf of the Company or its Subsidiaries has taken or will take any action
which might cause the Merger Agreement or this Agreement to violate applicable laws, as in effect on the Closing Dates.&nbsp;&nbsp;All
offers and sales of capital stock, securities and notes of the Company in the past two (2) years have been conducted and completed
by the Company in compliance with applicable laws in all material respects.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is no action, suit, proceeding, judgment, claim or investigation pending or threatened against the Company or any of its Subsidiaries
which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company or which
in any manner challenges or seeks to prevent, enjoin, alter or materially delay any of the transactions contemplated by the Merger
Agreement or this Agreement, and to the knowledge of the Company there is no basis for the assertion of any of the foregoing.&nbsp;&nbsp;Neither
the Company nor any Subsidiary is subject to any order which would reasonably be expected to have a Material Adverse Effect on
the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 9 -->
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    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">9</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and its Affiliates have not taken, and will not take, directly or indirectly, any action designed to, or that might reasonably
be expected to, cause or result in stabilization or manipulation of the price of the Common Stock to facilitate the sale or resale
of the Shares or affect the price at which the Shares may be issued or resold.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Shares are being offered and sold pursuant to the registration exemption provided by Section 4(2) of the Securities Act as a transaction
not involving a public offering and the requirements of any other applicable state securities laws and the respective rules and
regulations thereunder.&nbsp;&nbsp;The Company has not taken nor will it take any action that conflicts with the conditions and
requirements of, or that would make unavailable with respect to the Offering, the exemption(s) from registration available pursuant
to Regulation D or Section 4(2) of the Securities Act and knows of no reason why any such exemption would be otherwise unavailable
to it. Neither the Company, nor any of its Affiliates, nor any person acting on its or their behalf, has directly or indirectly
made any offers or sales of any security or solicited any offers to buy any security under circumstances that would cause the offer
of the Shares pursuant to this Agreement to be integrated with prior offerings by the Company for purposes of the Securities Act
or any applicable stockholder approval provisions, including, without limitation, under any applicable listing rules and regulations
which would impair the exemptions relied upon in the Offerings or the Company&rsquo;s ability to timely comply with its obligations
hereunder, nor will the Company nor any of its Affiliates take any action or steps that would cause the offer or issuance of the
Shares to be integrated with other offerings which would impair the exemptions relied upon in the Offerings or the Company&rsquo;s
ability to timely comply with its obligations hereunder.&nbsp;&nbsp;The Company will not conduct any offering other than the transactions
contemplated hereby that will be integrated with the offer or issuance of the Shares, which would impair the exemptions relied
upon in the Offerings or the Company&rsquo;s ability to timely comply with its obligations hereunder.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
proceeds from the Initial Private Placement shall be used by the Company solely for the purpose of funding the Neutron Budget and
the Company Budget.&nbsp;&nbsp;The proceeds of the Merger Financing shall be used, concurrent with the Merger Closing, to partially
repay the RMB Loan.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall not materially amend, modify, supplement or revise the Company Budget or otherwise deviate from the Company Budget
by more than ten percent with respect to any one line item or by more than five percent in the aggregate, in each case at any time,
without the prior consent of the Purchaser, not to be unreasonably withheld or delayed.&nbsp;&nbsp;The Company shall provide to
the Purchaser from time to time such data, reports and information regarding the condition or operations, financial or otherwise,
of the Company and its properties as well as the Company&rsquo;s compliance with the Company Budget as the Purchaser may from time
to time reasonably request.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&rsquo;s executive officers and directors understand the nature of the Shares being sold hereby and recognize that the issuance
of the Shares will have a potential dilutive effect on the equity holdings of other holders of the Company&rsquo;s equity or rights
to receive equity of the Company.&nbsp;&nbsp;The board of directors of the Company has concluded in its good faith business judgment
that the issuance of the Shares is in the best interests of the Company.&nbsp;&nbsp;The Company specifically acknowledges that
its obligation to issue the Tranche I Shares and the Acquisition Shares, is binding upon the Company and enforceable regardless
of the dilution such issuance may have on the ownership interests of other shareholders of the Company or parties entitled to receive
equity of the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">10</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no material disagreements of any kind presently existing, or reasonably anticipated by the Company to arise between the Company
and the accountants and lawyers presently employed by the Company, including but not limited to disputes or conflicts over payment
owed to such accountants and lawyers, nor have there been any such disagreements during the two years prior to the closing of the
Offerings.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the Company, nor to the knowledge of the Company, any director, officer, employee, agent, representative or other person acting
on behalf of the Company, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other
unlawful expenses or payments related to foreign, domestic or tribal political activity, (ii) made, authorized, offered or promised
any unlawful payment to foreign, domestic or tribal government officials, employees or representatives or to any foreign, domestic
or tribal political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company
(or made by any person acting on its behalf of which the Company is aware) which is&nbsp;&nbsp;in violation of law, or (iv) violated
in any respect any provision of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE V</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>REPRESENTATIONS, WARRANTIES
AND COVENANTS OF NEUTRON</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Neutron hereby represents
and warrants to, and covenants with, the Purchaser that the following are true and correct as of the date of this Agreement and
will be true and correct as of the Tranche I Closing Date, the Tranche II Closing Date, if applicable, and the Merger Financing
Closing Date as though made as of the such dates, except to the extent such representations and warranties are specifically made
as of a particular date (in which case such representations and warranties will be true and correct as of such date).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
agrees that the representations, warranties and covenants made by Neutron to the Company and the Merger Corp. in the Merger Agreement
are repeated herein to and for the benefit of Purchaser as if fully set forth herein.&nbsp;&nbsp;The Purchaser may rely on such
representations, warranties and covenants as fully as if they were set forth herein.&nbsp;&nbsp;Such representations, warranties
and covenants shall form an integral part of this Investment Agreement and shall survive the closing of the purchase and sale of
the Shares.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is no action, suit, proceeding, judgment, claim or investigation pending or threatened against Neutron or any of its Subsidiaries
which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on or which in any manner
challenges or seeks to prevent, enjoin, alter or materially delay any of the transactions contemplated by the Merger Agreement
or this Agreement, and to the knowledge of the Company there is no basis for the assertion of any of the foregoing.&nbsp;&nbsp;Neither
Neutron nor any Subsidiary is subject to any judgment, injunction, or order which could reasonably be expected to have a Material
Adverse Effect on Neutron.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">11</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
and its Subsidiaries have not incurred, nor will they incur, directly or indirectly, any liability for brokerage or finders fees
or agent&rsquo;s commissions or any similar charges in connection with this Agreement or any transaction contemplated hereby, other
than fees and expenses payable to Roth Capital Partners, LLC in connection with the Merger.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
shall not materially amend, modify, supplement or revise the Neutron Budget or otherwise deviate from the Neutron Budget by more
than five percent at any time without the prior consent of the Purchaser, not to be unreasonably withheld or delayed.&nbsp;&nbsp;Neutron
shall provide to the Purchaser from time to time such data, reports and information regarding the condition or operations, financial
or otherwise, of Neutron and its properties as well as Neutron&rsquo;s compliance with the Neutron Budget as the Purchaser may
from time to time reasonably request.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE VI</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>CONDITIONS TO CLOSING</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tranche
I Closing</U>.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
to Obligations of Purchaser</U>.&nbsp;&nbsp;The obligation of the Purchaser to effect the Tranche I Closing shall be subject to
the satisfaction at or prior to the Tranche I Closing, of each of the following conditions:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the Company and Neutron contained in this Agreement shall be true and correct as of the date
of this Agreement and the Tranche I Closing Date as if made on such date, except to the extent such representations and warranties
are specifically made as of a particular date (in which case such representations and warranties shall be true and correct as of
such date);</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have performed and complied in all material respects with all covenants and agreements required by this Agreement
to be performed or complied with by it prior to the Tranche I Closing;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Between
the date of this Agreement and the Tranche I Closing, nothing shall have occurred that has had or would be reasonably expected
to have a Material Adverse Effect on the Company or Neutron;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
Transaction Agreements shall have been duly executed and delivered by each party thereto, shall be in form and substance satisfactory
to Purchaser, and shall remain in full force and effect; and, no default, event of default or breach shall be outstanding or alleged
under any Transaction Agreement;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchaser
shall have approved the Neutron Budget and the Company Budget;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">12</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RMB
shall have extended the expiry of the RMB Loan to the Merger Closing and shall have agreed to forebear from declaring a default
or event of default or foreclosing on the RMB Loan, all on terms and conditions satisfactory to the Purchaser;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have received all approvals and consents necessary to consummate the Tranche I Closing, including the approval of
the Tranche I Shares for trading on NASDAQ, subject to official notice of issuance;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall deliver or cause to be delivered to the Purchaser certificates evidencing the Tranche I Shares, duly authorized,
issued, fully paid and non-assessable, registered in the name of the Purchaser or as the Purchaser shall otherwise designate;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided a favorable legal opinion of counsel to the Company, in a form satisfactory to the Purchaser, which
shall include opinions in respect of customary corporate and securities laws matters;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided certificates of a senior officer of each of the Company and Neutron, in form and substance satisfactory
to the Purchaser, certifying as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
attached to such certificate is a true and complete copy of the certificate of incorporation and bylaws, as amended, of the Company
and each of its Subsidiaries or Neutron and each of its Subsidiaries, as applicable, including any and all certificates of designation;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
attached thereto are true and complete copies of the resolutions of the board of directors of the Company or Neutron, as applicable,
authorizing the execution, delivery and performance of this Agreement and the other Transaction Agreements to which it is a party,
instruments and certificates required to be executed by it in connection herewith and approving the consummation of the transactions
in the manner contemplated hereby and thereby including, with respect to the Company, the authorization and issuance of the Shares;
and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
names and true signatures of the officers and directors of the Company or Neutron, as applicable, signing this Agreement and all
other Transaction Agreements to which it is a party;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0"><BR>
&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided to Purchaser a certificate of the Chief Executive Officer and the Chief Financial Officer of the Company
dated as of the Tranche I Closing Date certifying that the Company has complied in all material respects with its covenants herein
and that the Company is in compliance with all laws and regulations (including with respect to corporate and securities matters)
except as would not reasonably be expected to have a Material Adverse Effect on the Company;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
shall have provided to Purchaser a certificate of two officers dated as of the Tranche I Closing Date certifying that Neutron has
complied with its covenants herein, that Neutron is in compliance with all laws and regulations (including with respect to corporate
and securities matters) except as would not reasonably be expected to have a Material Adverse Effect on Neutron; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 13 -->
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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">13</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company, Neutron and RMB shall have performed and complied in all material respects with all covenants and agreements required
by any Transaction Agreement to which any of them is a party to be performed or complied with by it prior to the Tranche I Closing.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The foregoing conditions
precedent are for the exclusive benefit of Purchaser and may be waived, in whole or in part, by Purchaser in writing at any time,
in which event the Parties shall have no further liability. If any of the said conditions shall not be complied with or waived
by Purchaser on or before March 15, 2012, then the Purchaser may rescind and terminate its obligations to purchase the Shares pursuant
to this Agreement by written notice to the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
to Obligations of the Company</U>.&nbsp;&nbsp;The obligations of the Company to effect the Tranche I Closing shall be subject to
the satisfaction at or prior to the Closing of each of the following conditions, any of which may be waived, in writing, by the
Company:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the Purchaser contained in this Agreement shall be true and correct as of the date of this Agreement
and as of the date of Tranche I Closing as if made on such date, except to the extent such representations and warranties are specifically
made as of a particular date (in which case such representations and warranties shall be true and correct as of such date);</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser shall have performed and complied in all material respects all covenants and agreements required by this Agreement to
be performed or complied with by it prior to the Tranche I Closing; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
or prior to the Tranche I Closing Date, the Purchaser shall deliver or cause to be delivered to the Company payment of the purchase
price for the Tranche I Shares, by wire transfer of immediately available funds to an account designated in writing by the Company
at least three (3) business days prior to the Tranche I Closing Date; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Tranche I Shares shall have been authorized for trading on NASDAQ, subject to official notice of issuance.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The foregoing conditions
precedent are for the exclusive benefit of the Company and may be waived, in whole or in part, by the Company in writing at any
time, in which event the Parties shall have no further liability.&nbsp;&nbsp;If any of the said conditions shall not be complied
with or waived by the Company on or before March 15, 2012, then the Company may rescind and terminate this Agreement by written
notice to Purchaser.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Merger
Financing Closing and Tranche II Closing</U>.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">14</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
to Obligations of Purchaser</U>.&nbsp;&nbsp;The obligations of the Purchaser to effect the Merger Financing Closing and the Tranche
II Closing shall be subject to the satisfaction at or prior to the Merger Financing Closing and the Tranche II Closing, respectively,
of each of the following conditions:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the Company and Neutron contained in this Agreement shall be true and correct as of the date
of this Agreement and the Merger Financing Closing Date or the Tranche II Closing Date, as applicable, as if made on such date,
except to the extent such representations and warranties are specifically made as of a particular date (in which case such representations
and warranties shall be true and correct as of such date);</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have performed and complied in all material respects with all covenants and agreements required by this Agreement
to be performed or complied with by it prior to the Merger Financing Closing or Tranche II Closing, as applicable;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Between
the date of this Agreement and the Merger Financing Closing Date or Tranche II Closing Date, as applicable, nothing shall have
occurred that has had or could be reasonably expected to have a Material Adverse Effect on the Company or Neutron;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
conditions to the closing of the Merger under the Merger Agreement shall have been satisfied and fulfilled and the Merger shall
have closed and been consummated by the parties thereto;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
Transaction Agreements shall remain in full force and effect and the Company and Neutron shall not be in default of any obligation
thereunder;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
warrants to acquire common stock of Neutron held by RMB, whether issued or not, shall have been cancelled;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have received all approvals necessary to consummate the Merger and the Merger Financing, including the approval of
the Board of Directors of the Company, the Company Stockholder Approval and the approval of the Acquisition Shares or the Tranche
II Shares, as applicable, for trading on NASDAQ, subject to official notice of issuance;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall deliver or cause to be delivered to the Purchaser certificates evidencing the Acquisition Shares or the Tranche II
Shares, as applicable, duly authorized, issued, fully paid and non-assessable, registered in the name of the Purchaser or as designated
by the Purchaser;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company and Neutron shall be in compliance with the Company Budget and the Neutron Budget, respectively.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">15</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided a favorable legal opinion of counsel to the Company, in a form satisfactory to Purchaser, which shall
include opinions in respect of customary corporate and securities laws matters;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided certificates of a senior officer of each of the Company and Neutron, in form and substance satisfactory
to the Purchaser, certifying as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
attached to such certificate is a true and complete copy of the certificate of incorporation and bylaws, as amended, of the Company
and each of its Subsidiaries or Neutron and each of its Subsidiaries, as applicable, including any and all certificates of designation;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that
attached thereto are true and complete copies of the resolutions of the board of directors of the Company or Neutron, as applicable,
authorizing the execution, delivery and performance of this Agreement and the other Transaction Agreements to which it is a party,
instruments and certificates required to be executed by it in connection herewith and approving the consummation of the transactions
in the manner contemplated hereby and thereby including, with respect to the Company, the authorization and issuance of the Shares;
and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 110pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
names and true signatures of the officers and directors of the Company or Neutron, as applicable, signing Transaction Agreements
to which it is a party in connection with the Merger Financing Closing or Tranche II Closing, as applicable;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall have provided to Purchaser a certificate of the Chief Executive Officer and the Chief Financial Officer of the Company
dated as of the Closing Date certifying that the Company has so complied in all material respects with its covenants herein, that
the Company is in compliance with all laws and regulations (including with respect to corporate and securities matters) except
as would not reasonably be expected to have a Material Adverse Effect on the Company, and that, with respect to the Company, all
material information regarding the Company, the Merger and related transactions has been disclosed to Purchaser and has been publicly
disclosed;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
shall have provided to Purchaser a certificate of two officers dated as of the Merger Financing Closing Date or the Tranche II
Closing Date, as applicable, certifying that Neutron has complied with its covenants herein, that Neutron is in compliance with
all laws and regulations (including with respect to corporate and securities matters) except as would not reasonably be expected
to have a Material Adverse Effect on Neutron, and that, with respect to Neutron all material information regarding Neutron, the
Merger and related transactions has been disclosed to Purchaser and has been publicly disclosed;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company, Neutron and RMB shall have performed and complied in all material respects with all covenants and agreements required
by any Transaction Agreement to which any of them is a party to be performed or complied with by it prior to the Merger Financing
Closing or Tranche II Closing, as applicable;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">16</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
consents, waivers, permits, orders and approvals of any governmental authority and the expiry of any waiting periods, in connection
with, or required to permit, the consummation of the transaction contemplated by the Merger Agreement and this Agreement, shall
have been obtained or satisfied; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
RMB Loan shall be repaid and terminated in accordance with the RMB Agreement and all liens and encumbrances on property or assets
of Neutron shall be terminated and released.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The foregoing conditions
precedent are for the exclusive benefit of Purchaser and may be waived, in whole or in part, by Purchaser in writing at any time,
in which event the Parties shall have no further liability. If any of the said conditions shall not be complied with or waived
by Purchaser on or before August 22, 2012, then the Purchaser may rescind and terminate its obligations to purchase the Acquisition
Shares and the Tranche II Shares pursuant to this Agreement by written notice to the Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
to the Obligation of the Company</U>.&nbsp;&nbsp;The obligations of the Company to effect the Merger Financing Closing and the
Tranche II Closing shall be subject to the satisfaction at or prior to the Merger Financing Closing and the Tranche II Closing,
respectively, of each of the following conditions, any of which may be waived, in writing, by the Company:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the Purchaser contained in this Agreement shall be true and correct as of the date of this Agreement
and as of the date of Merger Financing Closing or the Tranche II Closing, as applicable, as if made on such date, except to the
extent such representations and warranties are specifically made as of a particular date (in which case such representations and
warranties shall be true and correct as of such date);</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser shall have performed and complied in all material respects all covenants and agreements required by this Agreement to
be performed or complied with by it prior to Merger Financing Closing or the Tranche II Closing, as applicable;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
warrants to acquire common stock of Neutron held by RMB, whether issued or not, shall have been cancelled;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
or prior to the Merger Financing Closing Date or the Tranche II Closing Date, as applicable, the Purchaser shall deliver or cause
to be delivered to the Company payment of the purchase price for the Acquisition Shares or the Tranche II Shares, as applicable,
by wire transfer of immediately available funds to an account designated in writing by the Company;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company
Stockholder Approval has been obtained; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">17</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0 0pt 40pt; font: 10pt Times New Roman, Times, Serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Acquisition Shares or the Tranche II Shares, as applicable, shall have been authorized for trading on NASDAQ, subject to official
notice of issuance.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The foregoing conditions
precedent are for the exclusive benefit of the Company and may be waived, in whole or in part, by the Company in writing at any
time, in which event the Parties shall have no further liability.&nbsp;&nbsp;If any of the said conditions shall not be complied
with or waived by the Company on or before August 22, 2012, then the Company may rescind and terminate this Agreement by written
notice to Purchaser in circumstances where the failure to satisfy any such condition is not the result, directly or indirectly,
of the Company&rsquo;s breach of this Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>ARTICLE VII</B></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>MISCELLANEOUS</B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
notice or other communication to a party given hereunder shall be deemed sufficient if in writing and sent by registered or certified
mail, return receipt requested, or delivered by hand against written receipt therefore.&nbsp;&nbsp;Notices shall be deemed to have
been given or delivered on the date of mailing, except notices of change of address, which shall be deemed to have been given or
delivered when received.&nbsp;&nbsp;The address for such notices and communications shall be as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: black 2px solid; width: 50%; font-size: 10pt; text-align: justify; text-indent: 0pt">If to the Company:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-top: black 2px solid; text-align: left; width: 50%">
        <P STYLE="margin: 0pt 0">Uranium Resources Inc.</P>
        <P STYLE="margin: 0pt 0">405 State Highway 121 Bypass,</P>
        <P STYLE="margin: 0pt 0">Building A, Suite&nbsp;110</P>
        <P STYLE="margin: 0pt 0">Lewisville, Texas&nbsp;75067</P>
        <P STYLE="margin: 0pt 0">Attn.:&nbsp;&nbsp;President</P>
        <P STYLE="margin: 0pt 0">Fax: (505) 842-8123</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt; text-align: justify; text-indent: 0pt">With a copy to:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: left">
        <P STYLE="margin: 0pt 0">Baker &amp; Hostetler LLP</P>
        <P STYLE="margin: 0pt 0">303 East 17<FONT STYLE="font-size: 10pt; vertical-align: text-top">th</FONT> Avenue, Suite 1100</P>
        <P STYLE="margin: 0pt 0">Denver, Colorado 80203-1264</P>
        <P STYLE="margin: 0pt 0">Attn:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alfred C. Chidester</P>
        <P STYLE="margin: 0pt 0">Fax: 303-861-7805</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt; text-align: justify; text-indent: 0pt">If to Neutron:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: left">
        <P STYLE="margin: 0pt 0">Neutron Energy, Inc.</P>
        <P STYLE="margin: 0pt 0">9000 E. Nichols Avenue</P>
        <P STYLE="margin: 0pt 0">Suite 225</P>
        <P STYLE="margin: 0pt 0">Englewood, Colorado 80112</P>
        <P STYLE="margin: 0pt 0">Attn.:&nbsp;Edward M. Topham</P>
        <P STYLE="margin: 0pt 0">Fax: 303-531-0519</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt; text-align: justify; text-indent: 0pt">With a copy to:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: left">
        <P STYLE="margin: 0pt 0">Hogan Lovells US LLP</P>
        <P STYLE="margin: 0pt 0">One Tabor Center, Suite 1500</P>
        <P STYLE="margin: 0pt 0">1200 Seventeenth Street</P>
        <P STYLE="margin: 0pt 0">Denver, Colorado 80202</P>
        <P STYLE="margin: 0pt 0">Attention: Paul Hilton</P>
        <P STYLE="margin: 0pt 0">Fax: (303) 899-7333</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt; text-align: justify; text-indent: 0pt">If to the Purchaser:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: left">
        <P STYLE="margin: 0pt 0">Resource Capital Fund V L.P.</P>
        <P STYLE="margin: 0pt 0">1400 Sixteenth Street, Suite 200</P>
        <P STYLE="margin: 0pt 0">Denver, Colorado, 80202</P>
        <P STYLE="margin: 0pt 0">Attn: Catherine J. Boggs</P>
        <P STYLE="margin: 0pt 0">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-946-1450</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; border-left: black 2px solid; font-size: 10pt; text-align: justify; text-indent: 0pt">With a copy to:</TD>
    <TD STYLE="border-right: black 2px solid; border-bottom: black 2px solid; text-align: left">
        <P STYLE="margin: 0pt 0">Davis Graham &amp; Stubbs LLP</P>
        <P STYLE="margin: 0pt 0">1550 Seventeenth Street, Suite 500,</P>
        <P STYLE="margin: 0pt 0">Denver, CO 80002</P>
        <P STYLE="margin: 0pt 0">Attn:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joel Benson</P>
        <P STYLE="margin: 0pt 0">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303-893-1379</P></TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">18</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided herein this Agreement shall not be changed, modified or amended except by a writing signed by all of the
parties hereto, and this Agreement may not be discharged except by performance in accordance with its terms or by a writing signed
by the party to be charged.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives,
successors and assigns.&nbsp;&nbsp;This Agreement sets forth the entire agreement and understanding between the parties as to the
subject matter hereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among
them.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTWITHSTANDING
THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT ALL THE TERMS AND
PROVISIONS HEREOF SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF COLORADO WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAW.&nbsp;&nbsp;IN THE EVENT THAT A JUDICIAL PROCEEDING IS NECESSARY, THE EXCLUSIVE FORUMS FOR RESOLVING DISPUTES
ARISING OUT OF OR RELATING TO THIS AGREEMENT ARE EITHER THE COURTS OF THE STATE OF COLORADO IN AND FOR THE COUNTY OF DENVER OR
THE FEDERAL COURTS FOR SUCH STATE AND COUNTY.&nbsp;&nbsp;THE PARTIES HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF SUCH COURTS
AND AGREE TO SAID VENUE.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holding of any provision of this Agreement to be invalid or unenforceable by a court of competent jurisdiction shall not affect
any other provision of this Agreement, which shall remain in full force and effect.&nbsp;&nbsp;If any provision of this Agreement
shall be declared by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced in whole or in part,
such provision shall be interpreted so as to remain enforceable to the maximum extent permissible consistent with applicable law
and the remaining conditions and provisions or portions thereof shall nevertheless remain in full force and effect and enforceable
to the extent they are valid, legal and enforceable, and no provisions shall be deemed dependent upon any other covenant or provision
unless so expressed herein.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is agreed that a waiver by either party of a breach of any provision of this Agreement shall not operate, or be construed, as a
waiver of any subsequent breach by that same party.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">19</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
party waives the right to trial by jury with respect to any disagreement, dispute or claim between or among the parties or their
Subsidiaries with respect to this Agreement or the transactions contemplated hereby or thereby, and each party agrees to pursue
and resolve any such disagreement, dispute or claim in accordance with the terms and provisions set forth in <U>Schedule 7.7 hereto</U>,
including resolution by binding arbitration as described in <U>Schedule 7.7</U>.&nbsp;&nbsp;Interim, provisional and other judicial
measures and remedies shall be available to the parties as described in <U>Schedule 7.7</U>.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties agree to execute and deliver all such further documents, agreements and instruments and take such other and further action
as may be necessary or appropriate to carry out the purposes and intent of this Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement may be executed in two or more counterparts each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument.&nbsp;&nbsp;This Agreement may be validly executed and delivered by facsimile, portable
document format (.pdf) or other electronic transmission, and a signature by facsimile, portable document format (.pdf) or other
electronic transmission shall be as effective and binding as delivery of a manually executed original signature.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
parties hereto agree not to issue any public statement with respect to the Purchaser&rsquo;s investment or proposed investment
in the Company or the terms of any agreement or covenant between them without the prior written consent of the other party, except
such disclosures as may be required under applicable law or under any applicable order, rule or regulation, so long as the other
party is given an opportunity to first review and comment on such disclosure.&nbsp;&nbsp;If the Company or Neutron will refer to
the Purchaser or any of its Affiliates in any public disclosure document, including any press release or any disclosure document
to be filed with any governmental authority, including, without limitation, any disclosure relating to this Agreement or the Purchaser&rsquo;s
investment in the Company, the Company or Neutron, as applicable, shall first provide the Purchaser with a copy of such disclosure
three days prior to release, and the Company or Neutron, as applicable, shall use its good faith efforts to incorporate the comments
provided by the Purchaser into such disclosure.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
in this Agreement shall create or be deemed to create any rights in any person or entity not a party to this Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the parties hereto contained in this Agreement shall survive the Closing and the consummation
of the transactions contemplated hereby.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company agrees to indemnify and protect the Purchaser, its directors, partners, managers, members, owners, principals, shareholders,
officers, employees, agents, consultants, attorneys and representatives and its successors and assigns, and to defend and hold
them harmless from and against, any and all losses, liabilities, costs and expenses (including reasonable attorneys&rsquo; fees)
incurred as a result of (a) the breach by the Company of any of its representations, warranties or covenants contained in this
Agreement or (b) any cause of action, suit or claim brought or made against the Purchaser by a third party (including for these
purposes a derivative action brought on behalf of the Company) and arising out of or resulting from the execution, delivery, performance
or enforcement of this Agreement, any other Transaction Agreements or any other certificate, instrument or document contemplated
hereby or thereby.&nbsp; To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company
shall make the maximum contribution to the payment and satisfaction of each of the losses, liabilities, costs and expenses (including
reasonable attorneys&rsquo; fees)&nbsp; which is permissible under applicable law.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">20</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 75pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neutron
agrees to indemnify and protect the Purchaser, its directors, partners, managers, members, owners, principals, shareholders, officers,
employees, agents, consultants, attorneys and representatives and its successors and assigns, and to defend and hold them harmless
from and against, any and all losses, liabilities, costs and expenses (including reasonable attorneys&rsquo; fees) incurred as
a result of (a) the breach by Neutron of any of its representations, warranties or covenants contained in this Agreement or (b)
any cause of action, suit or claim brought or made against the Purchaser by a third party and arising out of or resulting from
the execution, delivery, performance or enforcement of this Agreement, any other Transaction Agreements or any other certificate,
instrument or document contemplated hereby or thereby.&nbsp; To the extent that the foregoing undertaking by Neutron may be unenforceable
for any reason, Neutron shall make the maximum contribution to the payment and satisfaction of each of the losses, liabilities,
costs and expenses (including reasonable attorneys&rsquo; fees)&nbsp; which is permissible under applicable law.&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>[The rest of this page
is left intentionally blank.]</B></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">21</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 40pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first written above.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">RESOURCE CAPITAL FUND V L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">Resources Capital Associates V L.P.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">By:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">RCA V GP Ltd., General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; font-style: italic; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Catherine J. Boggs</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; text-align: left">Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; text-align: left">General Counsel</TD>
    <TD STYLE="font-style: italic; font-weight: bold; text-align: justify; text-indent: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-style: italic; font-weight: bold; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">URANIUM RESOURCES, INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; font-style: italic; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Donald C. Ewigleben</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">Donald C. Ewigleben</TD>
    <TD STYLE="font-style: italic; font-weight: bold; text-align: justify; text-indent: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">NEUTRON ENERGY, INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; font-style: italic; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Gary C. Huber</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">Gary C. Huber</TD>
    <TD STYLE="font-style: italic; font-weight: bold; text-align: justify; text-indent: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v306490_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="text-align: right; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit</B></FONT><B> 10.3</B></P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Execution Version</I></P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B>STOCKHOLDERS&rsquo;
AGREEMENT</B></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">This Stockholders&rsquo;
Agreement (this &ldquo;Agreement&rdquo;) is made as of March 1, 2012, by and between URANIUM RESOURCES, INC., a Delaware corporation
(the &ldquo;Company&rdquo;) and RESOURCE CAPITAL FUND V L.P., a Cayman Islands exempt limited partnership (along with its successors
and assigns, &ldquo;RCF&rdquo;).</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>Recitals</U></B></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RCF
and the Company have entered into an Investment Agreement dated as of March 1, 2012 (the &ldquo;Investment Agreement&rdquo;), whereby
RCF has agreed to provide up to $35,000,000 in equity financing to the Company (the &ldquo;Equity Investment&rdquo;) in exchange
for a number of shares of Common Stock, par value $0.001 of the Company (&ldquo;Common Stock&rdquo;) to be determined based on
the trading prices of the Company&rsquo;s Common Stock at specified dates (the &ldquo;RCF Shares&rdquo;).</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a result of such issuances, RCF will be the owner of in excess of 5% of the Company&rsquo;s Common Stock.&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RCF
and the Company desire to enter into this Agreement for the purpose of establishing (i) RCF&rsquo;s pro-rata participation rights
in new Equity Financing as long as RCF is a stockholder of the Company; (ii) the right of RCF to designate a person for election
to the Board of Directors of the Company (the &ldquo;Board of Directors&rdquo;); (iii) RCF&rsquo;s right to designate a non-director
to attend the meetings of the Board of Directors; (iv) the right of RCF to have input on management of the Company post-Merger;
(v) annual site visits paid for by the Company; and (vi) other terms consistent with RCF&rsquo;s position as a significant stockholder
of the Company.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>Agreement</U></B></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">NOW, THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as follows:</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-indent: 0pt">1.</TD>
    <TD STYLE="width: 94%; font-weight: bold; text-decoration: underline; text-align: justify">Definitions.</TD></TR>
</TABLE>
<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Affiliate&rdquo;
means, with respect to a Person, (i) any partner, director, officer, ten percent (10%) or more stockholder, manager, member, employee
or managing agent of that Person or that Person&rsquo;s Affiliates; and (ii) any other Person (A) that directly or indirectly through
one or more intermediaries, controls or is controlled by, or is under common control with, that Person; (B) that directly or indirectly
owns or holds (legally or beneficially) 10% or more of any class of voting stock or partnership, membership or other voting interest
of that Person; or (C) 10% or more of the voting stock or partnership, membership or other voting interest of which is directly
or indirectly owned or held (legally or beneficially) by that Person.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Equity Financing&rdquo;
means any sale or placement of any Common Stock, warrants to acquire Common Stock, or other Equity Interests of the Company.</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Equity Interests&rdquo;
means, with respect to any Person, all classes of capital stock of (or other ownership or profit interests in) such Person, all
warrants, options, rights, interests or other securities for the purchase or acquisition from such Person of shares of capital
stock of (or other ownership or profit interests in) such Person; all warrants, options, Indebtedness, rights, interests or other
securities exercisable for or convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests
in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares of capital stock
(or such other interests); and all other ownership or profit interests in such Person (including, without limitation, partnership,
member, limited liability company or trust interests therein), whether voting or nonvoting, whether or not such shares, warrants,
options, rights or other interests are outstanding on any date of determination, and whether or not such shares, warrants, options,
rights or other interests are certificated or uncertificated.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Indebtedness&rdquo;
means, for any Person, without duplication, all indebtedness and liabilities of such Person determined in accordance with GAAP.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Instrument&rdquo;
means any contract, agreement, undertaking, indenture, mortgage, certificate, document or writing (whether formal agreement, letter
or otherwise) under which any obligation, duty, covenant, agreement, affirmation, undertaking or liability is evidenced, assumed
or undertaken, or any right or lien (or right or interest therein) is granted, authenticated, notarized, authorized or perfected,
and any notice, registration, recordation, or filing associated with or required by any of the foregoing.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Merger&rdquo;
means the acquisition by the Company of all the outstanding common stock and other equity interests of Neutron Energy Inc. through
a merger of URI Merger Corporation, a newly created indirect wholly-owned subsidiary of the Company (the &ldquo;Company Merger
Sub&rdquo;) into Neutron pursuant to an agreement and plan of merger among Neutron, the Company and the Company Merger Sub (the
&ldquo;Merger Agreement&rdquo;).</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Partially Diluted
Basis&rdquo; means the number of shares of Common Stock of the Company calculated assuming the exercise or conversion of all securities
held by RCF that are exercisable for or convertible into Common Stock and excluding the exercise or conversion of all securities
held by any other Person that are exercisable for or convertible into Common Stock.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Person&rdquo;
means an individual, partnership, corporation (including a business trust), joint venture, limited liability company or other entity,
or a governmental authority.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;Registration
Rights Agreement&rdquo; means the Registration Rights Agreement, dated as of March 1, 2012, between the Company and RCF.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0"><BR>
&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Pro
Rata Participation Right</U></B>.&nbsp;&nbsp;So long as RCF or any Affiliate owns or holds any shares of Common Stock of the Company,
the Company hereby grants to RCF or such Affiliate the option and the right to participate (or to nominate any of RCF&rsquo;s Affiliates
(collectively, the &ldquo;RCF Parties&rdquo;) to participate) in any Equity Financing on a pro rata basis as determined by reference
to the RCF Parties&rsquo; ownership of shares of Common Stock on a Partially Diluted basis on the date of such Equity Financing
(its &ldquo;Pro Rata Share&rdquo;), at the same price and the same terms and conditions as offered to other investors in the Equity
Financing.&nbsp;&nbsp;The Company agrees to take any and all action, or to cause such action to be taken, as is necessary or appropriate
to allow the RCF Parties to fully participate in any Equity Financing in accordance with the provisions of this Agreement and to
maintain the RCF Parties&rsquo; pro rata ownership interest in the Company.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice</B>.&nbsp;&nbsp;In
the event the Company proposes to undertake an Equity Financing, the Company shall first give RCF prior written notice of its intention,
describing the type of Equity Interests, the consideration and the general terms and conditions upon which the Company proposes
to issue the same.&nbsp;&nbsp;The RCF Parties shall have ten (10) business days from the date of RCF&rsquo;s receipt of any such
notice to elect to purchase its Pro Rata Share of such Equity Interests for the consideration and upon the terms specified in the
notice by giving written notice to the Company and stating therein the quantity of Equity Interests to be purchased.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Sale
of Securities</B>.&nbsp;&nbsp;In the event that no RCF Party exercises the above right within said ten (10) business day period,
the Company shall have ninety (90) days thereafter to sell the Equity Interests respecting which such participation rights were
not exercised, at a price and upon general terms no more favorable to the purchasers thereof than specified in the Company&rsquo;s
notice.&nbsp;&nbsp;In the event the Company has not sold the Equity Interests within said ninety (90) day period, the Company shall
not thereafter issue or sell any Equity Interests without first offering such securities to the RCF Parties pursuant to this <U>Section
2</U>.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Waiver
of Participation Right</B><U>&nbsp;</U>.&nbsp;&nbsp;The participation rights established by this <U>Section 2</U> may be amended,
or any provision or their application to any particular transaction may be waived (prospectively or retroactively) by the written
consent of the Company and RCF.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Exclusions</B>.&nbsp;&nbsp;The
participation rights established by this <U>Section 2</U> shall not apply to the following:</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issuances
of Shares pursuant to arrangements currently in force; and</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 72pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;equity
compensation granted to the Company&rsquo;s directors, officers, employees, consultants and agents in connection with bona fide
compensation arrangements and the issue of Equity Interests pursuant to such arrangements.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36pt">&nbsp;</TD>
    <TD STYLE="width: 36pt; text-indent: 0pt">3.</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: justify">Board of Directors.</TD></TR>
</TABLE>
<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Director
Nominees</B>.&nbsp;&nbsp;At all times while the RCF Parties own or hold shares of Company Common Stock which in the aggregate exceed
five percent (5%) of all issued and outstanding shares of Company Common Stock, the Company&rsquo;s Board of Directors agrees to
nominate or appoint one (1) qualified individual identified by the RCF Parties to serve on the Board of Directors of the Company
(a &ldquo;Nominee&rdquo;).&nbsp;&nbsp;The initial appointment of a Nominee shall occur no later than the June 2012 annual meeting
of the shareholders of the Company to be held no later than June 30, 2012, and thereafter such Nominee shall be included in management&rsquo;s
slate for election to the Board of Directors of the Company.&nbsp;&nbsp;The Company and the management of the Company shall use
commercially reasonable efforts to cause each Nominee to be elected to the Board of Directors of the Company.&nbsp;&nbsp;For the
avoidance of doubt, all qualified individuals nominated by the RCF Parties to serve on the Company&rsquo;s Board of Directors shall
be selected exclusively by the RCF Parties without consultation with or approval by the Company.&nbsp;&nbsp;The right of the RCF
Parties to have representation on the Company&rsquo;s Board of Directors may be exercised at any time and from time to time.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Observer
Rights</B>.&nbsp;&nbsp;At all times while the RCF Parties own or hold shares of Company Common Stock which in the aggregate exceed
five percent (5%) of all issued and outstanding shares of Company Common Stock, RCF shall have the right to designate, by written
notice to the Company, a non-director representative who shall be entitled to attend all meetings of the Board of Directors of
the Company in a non-voting, observer capacity (&ldquo;Observer Rights&rdquo;).&nbsp;&nbsp;The Company shall provide such representative
with copies of all notices, minutes, consents and other materials that it provides to its directors at the same time and in the
same manner as provided to such directors. The right of RCF to have Observer Rights with respect to meetings of the Board of Directors
of the Company may be exercised at any time and from time to time.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Use
of Company Confidential Information</B>.&nbsp;&nbsp;RCF acknowledges that by virtue of its rights with respect to the appointment
of a director nominee and its Observer Rights that RCF may receive Confidential Information (as defined below) of the Company.&nbsp;&nbsp;RCF
may disclose Confidential Information (i) to any representative exercising Observer Rights and to any partner, employee, agent,
representative or Affiliate of RCF (each, a &ldquo;Permitted Third Party&rdquo;) (it being understood that the Permitted Third
Party to whom such disclosure is made will first be informed of the confidential nature of such Confidential Information and will
be instructed to maintain the confidentiality of such Confidential Information); (ii) to the extent required by any governmental
authority or any law, statute, rule or regulation; (iii) in connection with the exercise of any remedies hereunder or any suit,
action, claim, arbitration or proceeding relating to this Agreement or the enforcement of rights hereunder; (iv) subject to an
agreement containing provisions substantially the same as those of this <U>Section 3(c)</U>, to any assignee or any prospective
assignee of RCF to which RCF may assign any of its rights or obligations under this Agreement; or (v) with the prior written consent
of the Company.&nbsp;&nbsp;RCF acknowledges and agrees that it is aware, and it shall advise each Permitted Third Party who receives
Confidential Information, that it is receiving information of RCF that may include material non-public information and that applicable
securities laws may impose restrictions on trading securities when in possession of such information and on communicating such
information to any other person.&nbsp;&nbsp;Any Nominee or any representative or Affiliate of RCF who attends a meeting of the
Board of Directors of the Company (or who otherwise obtains Confidential Information) shall be permitted, and the Company hereby
expressly acknowledges its authorization, to provide and disclose any and all Confidential Information to RCF and any other Permitted
Third Party for the purpose of managing RCF&rsquo;s investment in the Company.&nbsp;&nbsp;&ldquo;Confidential Information&rdquo;
means all confidential, proprietary and material non-public information received from the Company relating to the Company, its
business or its properties. &ldquo;Confidential Information&rdquo; shall not include any information that (x) is in the possession
of RCF or a Permitted Third Party prior to disclosure by the Company; (y) is in the public domain prior to disclosure to RCF or
a Permitted Third Party; or (z) lawfully enters the public domain through no violation of this <U>Section 3(c)</U> after disclosure
to RCF or any Permitted Third Party.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Consultation
on Management of the Company</U></B>.&nbsp;&nbsp;Prior to the closing of the Merger, the Board of Directors and management of the
Company shall consult with RCF in determining the business, operations and management of the Company, which consultation shall
include meeting with RCF to solicit input, considering management personnel suggested by RCF, and permitting RCF to interview management
or prospective management.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Site
Visits by RCF; Monthly Reports</U></B>.&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Site
Visits.&nbsp;&nbsp;</B>RCF shall be entitled to visit and inspect the properties and operations of the Company and to review the
books and records therein, during normal business hours and upon reasonable notice.&nbsp; At each such visit, the Company shall
make available to RCF appropriate personnel, including accounting, legal and operations personnel, who are able to respond to questions
by RCF.&nbsp; The Company shall otherwise make reasonably available to RCF the Company&rsquo;s outside accountants and counsel.&nbsp;
The reasonable expenses of one such site visit by an RCF representative (other than a representative who is serving as a director
of the Company) during each calendar year, beginning in 2012, shall be paid for by the Company.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Monthly
Reports.&nbsp;&nbsp;</B>As soon as practicable, but in any event no later than thirty (30) days after the end of each month, the
Company shall provide to RCF a written report concerning the activities and operations of the Company and its subsidiaries, including
with respect to the development and operations of the properties and uranium projects of the Company and its subsidiaries, together
with supporting data and information, with such monthly reports to be delivered in form and substance reasonably acceptable to
RCF.&nbsp;&nbsp;The Company shall include in such monthly reports such additional data, reports and information regarding the condition
or operations, financial or otherwise of the Company and its properties as RCF may reasonably request.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>RCF
Review of Public Announcements</U></B>.&nbsp; If the Company will refer to RCF or any of its Affiliates in any public disclosure
document, including any press release or any disclosure document to be filed with any governmental authority, and including, but
not limited to, disclosures relating to the Merger and the financing by RCF, the Company shall provide RCF with a copy of such
disclosure three days prior to release, and the Company shall use its good faith efforts to incorporate the comments provided by
RCF into such disclosure.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Representations
and Warranties</U></B>.&nbsp;&nbsp;The Company represents and warrants (a) that it has not granted and is not a party to and it
has no knowledge of any proxy, voting trust or other agreement that is inconsistent with or conflicts with the provisions of this
Agreement, and the Company shall not grant any proxy or become party to any voting trust or other agreement that is inconsistent
with or conflicts with the provisions of this Agreement, (b) that this Agreement does not violate, conflict with, result in a breach
of or constitute a default under, any agreement, debenture, indenture, lease or other instrument to which the Company is a party,
and (c) that no authorization or approval or other action by or consent of or filing with any governmental authority, the NASDAQ
Capital Market or any other Person is required for, the Company&rsquo;s due execution and delivery of this Agreement or for the
due performance by the Company of its obligations hereunder.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Expenses</U></B>.&nbsp;
Except as otherwise provided herein, all reasonable out-of-pocket expenses incurred by RCF in connection with performance of this
Agreement and enforcement of its rights hereunder shall be reimbursed by the Company promptly upon presentation of appropriate
documentation.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Arbitration</U></B>.&nbsp;
Any disputes between RCF and the Company relating to this Agreement shall be resolved by mandatory and binding arbitration pursuant
to rules and procedures set forth in the Investment Agreement</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendment
and Waiver</U>. </B>Except as otherwise provided in this Agreement, no modification, amendment or waiver of any provision of this
Agreement shall be effective against the Company or RCF unless such modification, amendment or waiver is approved in writing by
the Company and RCF.&nbsp;&nbsp;The failure of any party to enforce any of the provisions of this Agreement shall in no way be
construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision
of this Agreement in accordance with its terms.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Severability</U>.
</B>Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision
or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained in it.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Entire
Agreement</U>. </B>Except as otherwise expressly set forth in this Agreement, the Investment Agreement, the Merger Agreement or
the Registration Rights Agreement, this document embodies the complete agreement and understanding among the parties to this Agreement
with respect to the subject matter of this Agreement and supersedes and preempts any prior understandings, agreements or representations
by or among the parties, written or oral, which may have related to the subject matter of this Agreement in any way, including
the Letter of Intent and Term Sheet dated January 18, 2012.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Successors
and Assigns</U>. </B>Except as otherwise provided in this Agreement, this Agreement shall bind and inure to the benefit of and
be enforceable by RCF and RCF&rsquo;s Affiliates and the Company and their respective successors and assigns; <U>provided</U>,
<U>however</U>, that, the Company will not assign this Agreement without the prior written consent of RCF and RCF will not assign
this Agreement, other than to an Affiliate, without the prior written consent of the Company; <U>provided</U>, <U>further</U>,
that RCF has the right to assign this Agreement to any Affiliate of RCF without the written consent of the Company.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Counterparts</U>.
</B>This Agreement may be executed in separate counterparts each of which shall be an original and all of which taken together
shall constitute one and the same agreement.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Remedies</U>.
</B>The Company and RCF shall be entitled to enforce their rights under this Agreement specifically, to recover damages by reason
of any breach of any provision of this Agreement and to exercise all other rights existing in their favor.&nbsp;&nbsp;The parties
to this Agreement agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this
Agreement and that each of the Company and RCF may in its sole discretion apply to any court of law or equity of competent jurisdiction
for specific performance and/or injunctive relief (without posting a bond or other security) in order to enforce or prevent any
violation of the provisions of this Agreement.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Notices</U>.
</B>Any notice provided for in this Agreement shall be in writing and shall be delivered to the addresses and by the means set
forth in the Investment Agreement.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Further
Assurances</U>.</B>&nbsp;&nbsp;The parties agree to execute and deliver all such further documents, agreements, certificates and
instruments and to take such other and further action as may be necessary or appropriate to carry out the purposes and intent of
this Agreement.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Governing
Law</U>. </B>This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado, not including
the conflict of laws and choice of law provisions thereof.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>remainder of this page
intentionally blank</I></P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">IN WITNESS WHEREOF, the
parties to this Stockholders&rsquo; Agreement have executed this Stockholders&rsquo; Agreement on the day and year first above
written.</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">URANIUM RESOURCES INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Donald C. Ewigleben</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">Donald C. Ewigleben</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">RESOURCE CAPITAL FUND V L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">Resource Capital Associates V L.P.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">RCA V GP Ltd., General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Catherine J. Boggs</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Counsel</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0">8</P>



<P STYLE="margin: 0">&nbsp;</P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>v306490_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="text-align: right; margin: 0pt 0"><B>Exhibit 10.4</B></P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Execution Version</I></P>

<P STYLE="text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>REGISTRATION RIGHTS
AGREEMENT</U></B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Registration Rights Agreement,
dated as of March 1, 2012, by and between Uranium Resources, Inc., a Delaware corporation (&ldquo;<U>Company</U>&rdquo;) and Resource
Capital Fund&nbsp;V L.P., a Cayman Islands exempt limited partnership (&ldquo;<U>RCF</U>&rdquo;).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><B><U>WITNESSETH:</U></B></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, this Agreement
is being entered into in connection with the Investment Agreement dated as of March 1, 2012 (the &ldquo;<U>Investment Agreement</U>&rdquo;),
between the Company and RCF; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, pursuant to the
Investment Agreement, RCF is making two equity contributions to the Company:&nbsp;&nbsp;the first, in the amount of US$20,000,000
(the &ldquo;Closing Date Contribution&rdquo;), and the second in the amount of up to US $15,000,000, to be provided in two tranches,
the first in the amount of US$10,000,000 (the &ldquo;Tranche I Contribution&rdquo;) and the second in the amount of US $5,000,000
(the &ldquo;Tranche II Contribution&rdquo;); and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, the equity contributions
are being made in connection with the entry by the Company into an Agreement and Plan of Merger (&ldquo;Merger Agreement&rdquo;)
dated March 1, 2012 among the Company, URI Merger Corporation, an indirect, wholly-owned subsidiary of the Company, and Neutron
Energy Inc., a Nevada corporation (&ldquo;Neutron&rdquo;); and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, the Closing Date
Contribution and, if requested by the Company, the Tranche&nbsp;II Contribution, will be made concurrent with the closing of the
merger, and the Tranche&nbsp;I Contribution will be made following the execution of the Merger Agreement but before the closing
of the Merger, and after satisfaction of certain conditions; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, under the Investment
Agreement, the Company will issue to RCF in consideration of the equity contribution a number of shares of its Common Stock based
on a formula determined in reference to the Company&rsquo;s trading price over specified periods, with shares to be issued being
referred to herein as the &ldquo;Closing Date Shares&rdquo;, the &ldquo;Tranche I Shares&rdquo; and the Tranche II Shares, and
collectively referred to herein as the &ldquo;RCF Shares&rdquo;); and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, at the conclusion
of the Merger, assuming all of the RCF Shares are issued, RCF will own in excess of 5% of the Company&rsquo;s outstanding Common
Stock, will be entitled to require the Company to nominate a representative of RCF to serve on the Company&rsquo;s board of directors,
and will, accordingly, be considered an affiliate of the Company under applicable United States securities laws; and</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">WHEREAS, because resale
of equity by an affiliate may be restricted under applicable securities laws, the Company has agreed to facilitate the resale of
the RCF Shares by filing with the Commission one or more registration statements registering the resale of the RCF Shares, on the
terms and conditions set forth herein.</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">NOW, THEREFORE, in consideration
of the premises and the covenants hereinafter contained, it is agreed as follows:</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Definitions</U>.&nbsp;&nbsp;Unless otherwise defined herein, capitalized
terms used herein and in the recitals above shall have the following meanings:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Additional Holders</U>&rdquo;
shall mean (a)&nbsp;any Affiliate of any Holder who acquires Common Stock or Other Securities and (b)&nbsp;the Permitted Assignees,
who, from time to time, acquire or receive Registrable Securities from a Holder or Holders and own Registrable Securities at the
relevant time, agree to be bound by the terms hereof and become Holders for purposes of this Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Affiliate</U>&rdquo;
of a Person shall mean any Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by,
or is under common control with, such other Person.&nbsp;&nbsp;For purposes of this definition, &ldquo;control&rdquo; shall mean
the ability of one Person to direct the management and policies of another Person.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Agreement</U>&rdquo;
shall mean this Registration Rights Agreement, including all amendments, modifications and supplements and any exhibits or schedules
hereto, and shall refer to the Agreement as the same may be in effect at the time such reference becomes operative.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Business Day</U>&rdquo;
shall mean any day that is not a Saturday, a Sunday or a day on which banks are required or permitted to be closed in the State
of New York.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Closing Date</U>&rdquo;
shall have the meaning assigned to such term in the Investment Agreement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Closing Date
Contribution</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Closing Date
Shares</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Commission</U>&rdquo;
shall mean the Securities and Exchange Commission or any other federal agency then administering the Securities Act and other federal
securities laws.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Common Stock</U>&rdquo;
shall mean the shares of common stock, $0.001 par value per share, of Company, as adjusted from time to time to reflect any merger,
consolidation, recapitalization, reclassification, split-up, stock dividend, rights offering, stock split or reverse stock split
made, declared or effected with respect to the Common Stock.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Company</U>&rdquo;
shall have the meaning assigned to such term in the preamble.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Demand Registration</U>&rdquo;
shall have the meaning assigned to such term in Section&nbsp;2(b) hereof.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Exchange Act</U>&rdquo;
shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect from time to time.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">2</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Holder</U>&rdquo;
shall mean (i)&nbsp;RCF, (ii)&nbsp;any other Person who owns Registrable Securities at the relevant time and is a party to this
Agreement or (iii)&nbsp;any Additional Holder.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Investment Agreement</U>&rdquo;
shall have the meaning assigned to such term in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Majority Holders</U>&rdquo;
shall mean Holders holding at the time Registrable Securities representing more than 50% of the then outstanding Registrable Securities.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Merger Agreement</U>&rdquo;
shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Neutron</U>&rdquo;
shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Permitted Assignee</U>&rdquo;
shall mean (a)&nbsp;any Affiliate of any Holder who acquires or receives Registrable Securities from such Holder or its Affiliates,
or (b)&nbsp;any other Person who acquires or receives any Registrable Securities of any Holder or Holders who is designated as
a Permitted Assignee by such Holder in a written notice to Company; <U>provided</U>, <U>however</U>, that the rights of any Person
designated as a Permitted Assignee referred to in the foregoing clause (b)&nbsp;shall be limited if, and to the extent, provided
in such notice.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Person</U>&rdquo;
shall mean any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company,
trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>RCF</U>&rdquo;
shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>RCF Shares</U>&rdquo;
shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Registrable Securities</U>&rdquo;
shall mean the Common Stock of Company owned by the Holders as of the date hereof and at any time in the future; and, if as a result
of any reclassification, stock dividends or stock splits or in connection with a combination of shares, recapitalization, merger,
consolidation, sale of all or substantially all of the assets of Company or other reorganization or other transaction or event,
any capital stock, evidence of indebtedness, warrants, options, rights or other securities (collectively &ldquo;<U>Other Securities</U>
&rdquo;) are issued or transferred to a Holder in respect of Registrable Securities held by the Holder, references herein to Registrable
Securities shall be deemed to include such Other Securities.&nbsp;&nbsp;Shares of Common Stock and Other Securities that are Registrable
Securities shall cease to be Registrable Securities at the earlier of (i)&nbsp;such time as they may be sold under Rule&nbsp;144(b)(1)
under the Securities Act without volume or other limitation or (ii)&nbsp;the date they are sold pursuant to Rule&nbsp;144 or an
effective registration statement.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Securities Act</U>&rdquo;
shall mean the Securities Act of 1933, as amended, or any similar federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect from time to time.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Shelf Registration</U>&rdquo;
means the Shelf Registration effected pursuant to Section&nbsp;2(a) hereof.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">3</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Shelf Registration
Statement</U>&rdquo; means a shelf registration statement of Company relating to a shelf offering in accordance with Rule&nbsp;415
of the Securities Act, or any similar rule that may be adopted by the Commission, pursuant to the provisions of Section&nbsp;2(a)
hereof which covers all of the Registrable Securities held by the Holders, on an appropriate form under the Securities Act, and
all amendments and supplements to such registration statement, including post-effective amendments, in each case including the
prospectus contained therein, all exhibits thereto and all material incorporated by reference therein.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;&ldquo;<U>Tranche&nbsp;I
Contribution</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche&nbsp;II
Contribution</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche&nbsp;I
Shares</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&ldquo;<U>Tranche&nbsp;II
Shares</U>&rdquo; shall have the meaning ascribed thereto in the Recitals.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Required
Registrations</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Company
shall use its reasonable best efforts to cause a Shelf Registration Statement (the &ldquo;Shelf Registration&rdquo;) covering all
of the Registrable Securities to be filed and declared effective by the Commission as soon as practicable following the Closing
Date, and in any event by the dates set forth below.&nbsp;&nbsp;The Shelf Registration shall be on Form S-3 or such other appropriate
form permitting registration of the Registrable Securities for resale by Holders in the manner designated by them, including, without
limitation, one or more underwritten offerings.&nbsp;&nbsp;The Company shall not permit any securities other than the Registrable
Securities to be included in the Shelf Registration.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
the Merger Agreement has been terminated, or if at any time following the Closing Date a Shelf Registration Statement covering
all Registrable Securities is not effective, a Holder of Registrable Securities may make a written request that Company effect
a registration under the Securities Act covering at least 25% of the Registrable Securities outstanding as of the date of the request
(a &ldquo;<U>Demand Registration</U>&rdquo;), and specify the intended method or methods of disposition thereof.&nbsp;&nbsp;Company
shall promptly notify all Holders in writing of the receipt of such request and each Holder may elect (by written notice sent to
Company within 10 Business Days from the date of such Holder&rsquo;s receipt of the aforementioned Company&rsquo;s notice) to have
its Registrable Securities included in such Demand Registration pursuant to this Section&nbsp;2(b).&nbsp;&nbsp;Thereupon Company
shall, as expeditiously as is possible (and in any event within the time period set forth below), use its reasonable best efforts
to effect the registration under the Securities Act of all Registrable Securities which Company has been so requested to register
by such Holders for sale, all to the extent required to permit the disposition (in accordance with the intended method or methods
thereof, as aforesaid) of the Registrable Securities so registered.&nbsp;&nbsp;There shall be no limit on the number of registrations
pursuant to this Section&nbsp;2(b).</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 108pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
the managing underwriter of a Demand Registration shall advise Company in writing that, in its opinion, the distribution of the
Registrable Securities requested to be included in the Demand Registration would materially and adversely affect the distribution
of such Registrable Securities, then all selling Holders shall reduce the amount of Registrable Securities each intends to distribute
through such offering on a <I>pro</I> -<I> rata</I> basis.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">4</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
parties agree that the Holders will suffer damages if the Company fails to fulfill its obligations under this Section 2, and that
it would not be feasible to ascertain the extent of such damages with precision.&nbsp;&nbsp;Accordingly, the Company agrees to
pay liquidated damages under the circumstances and to the extent set forth below (each, a &ldquo;<U>Registration Default</U>&rdquo;):</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 144pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(A)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
the Shelf Registration is not filed on or prior to 30 days after either the Closing Date, in the case of a registration under Section&nbsp;2(a),
or the date of the written request, in the case of a registration under Section 2(b) (the &ldquo;Filing Date&rdquo;), then commencing
on the day after the Filing Date, liquidated damages shall accrue at a rate of 0.80% of the amount of all contributions made by
RCF in consideration of the securities included in the registration statement (the &ldquo;Contribution Amount&rdquo;);</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 144pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(B)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
the Shelf Registration is not declared effective by the Commission on or prior to 180 days after the Closing Date, in the case
of a registration under Section&nbsp;2(a), or the date of the written request, in the case of a registration under Section&nbsp;2(b)
(the &ldquo;Effectiveness Date&rdquo;), then commencing on the Effectiveness Date, liquidated damages will accrue at a rate of
0.30% of the Contribution Amount; and</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 144pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(C)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if
the Shelf Registration has been declared effective and ceases to be effective at any time during the period in which it is required
to remain effective (other than as permitted hereunder), liquidated damages shall accrue at a rate of 0.40% of the Contribution
Amount;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">provided, however, that
at no time shall the aggregate rate of liquidated damages accruing exceed in the aggregate 1.5% per annum; provided, further, that
upon cure of the applicable Registration Default, liquidated damages shall cease to accrue.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 144pt; margin: 0pt 0 0pt 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(D)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Company shall notify Holders within two Business Days of each Registration Default, and all amounts of liquidated damages shall
be paid in cash quarterly on January&nbsp;1, April&nbsp;1, July&nbsp;1 and October&nbsp;1 of each relevant period, commencing with
the first such date occurring after any Registration Default.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
Holder as to which any Shelf Registration is being effected agrees to furnish to Company all information with respect to such Holder
required for the Shelf Registration.&nbsp;&nbsp;Company agrees to use its reasonable best efforts to keep the Shelf Registration
Statement and the Demand Registration continuously effective for as long as any Holder holds Registrable Securities registered
thereunder.&nbsp;&nbsp;Company further agrees, if necessary, to promptly supplement or amend the Shelf Registration Statement,
if required by the rules, regulations or instructions applicable to the registration form used by Company for such Shelf Registration
Statement or by the Securities Act or by any other rules and regulations thereunder for shelf registrations, and Company agrees
to furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being used or
filed with the Commission.&nbsp;&nbsp;In addition, after the Commission has declared a Shelf Registration Statement effective,
so long as such Shelf Registration Statement is effective, (A)&nbsp;the Company shall promptly file with the Commission any amendment
or supplement to the Shelf Registration Statement as required by the Securities Act and Exchange Act and the policies, rules and
regulations of the Commission, as announced from time to time, in order to keep the Shelf Registration Statement effective, and
(B)&nbsp;no Holder may sell any Common Stock pursuant to the Shelf Registration Statement until the Commission has declared effective
the Shelf Registration Statement, as amended.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">5</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Incidental Registration</U>.&nbsp;&nbsp;If Company at any time
proposes to file on its behalf and/or on behalf of any of its security holders (the &ldquo;demanding security holders&rdquo;) a
registration statement under the Securities Act on any form (other than a registration statement on Form S-4 or S-8 or any successor
form for securities to be offered in a transaction of the type referred to in Rule&nbsp;145 under the Securities Act or to employees
of Company pursuant to any employee benefit plan, respectively) for the general registration of securities, it will give written
notice to all Holders at least 20&nbsp;days before the initial filing with the Commission of such registration statement, which
notice shall set forth the intended method of disposition of the securities proposed to be registered by Company.&nbsp;&nbsp;The
notice shall offer to include in such filing the aggregate number of shares of Registrable Securities as such Holders may request.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Each Holder desiring to
have Registrable Securities registered under this Section&nbsp;3 shall advise Company in writing within ten (10)&nbsp;Business
Days after the date of receipt of such offer from Company, setting forth the amount of such Registrable Securities for which registration
is requested.&nbsp;&nbsp;Company shall thereupon include in such filing the number of shares of Registrable Securities for which
registration is so requested, subject to the next sentence, and shall use its reasonable best efforts to effect registration under
the Securities Act of such shares.&nbsp;&nbsp;If the managing underwriter of a proposed public offering shall advise Company in
writing that, in its opinion, the distribution of the Registrable Securities requested to be included in the registration concurrently
with the securities being registered by Company or such demanding security holder would materially and adversely affect the distribution
of such securities by Company or such demanding security holder, then (i)&nbsp;the Company may sell the securities it proposes
to sell, and (ii)&nbsp;to the extent additional securities may be sold by selling stockholders, all selling security holders (including
the demanding security holder who initially requested such registration) shall reduce the amount of securities each intended to
distribute through such offering on a<I> pro</I> -<I> rata</I> basis based on the amount each requested to have included in the
registration statement.&nbsp;&nbsp;Except as otherwise provided in Section&nbsp;5, all expenses of such registration shall be borne
by Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Registration Procedures</U>.&nbsp;&nbsp;If Company is required
by the provisions of Section&nbsp;2 or 3 to use its reasonable best efforts to effect the registration of any of its securities
under the Securities Act, Company will, as expeditiously as possible:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">prepare
and file with the Commission a registration statement with respect to such securities and use its reasonable best efforts to cause
such registration statement to become and remain effective (i)&nbsp;with respect to a Shelf Registration filed pursuant to Section&nbsp;2(a)
or a Demand Registration requested pursuant to Section 2(b), until all the Registrable Securities have been sold thereunder or
have ceased to have the status of Registrable Securities, and (ii)&nbsp;for an Incidental Registration under Section 3, for so
long as either the Company or the demanding securities holders require;</FONT></P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">6</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities
Act with respect to the sale or other disposition of all securities covered by such registration statement for the time periods
specified in Section&nbsp;4(a) above;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">furnish
to such selling security holders such number of copies of a summary prospectus or other prospectus, including a preliminary prospectus,
in conformity with the requirements of the Securities Act, and such other documents, as such selling security holders may reasonably
request;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">use
its reasonable best efforts to register or qualify the securities covered by such registration statement under such other securities
or blue sky laws of such jurisdictions within the United States as each Holder of such securities shall request (<U>provided</U>,
<U>however</U>, that Company shall not be obligated to qualify as a foreign corporation to do business under the laws of any jurisdiction
in which it is not then qualified or to file any general consent to service of process), and do such other reasonable acts and
things as may be required of it to enable such holder to consummate the disposition in such jurisdiction of the securities covered
by such registration statement;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">promptly
notify each Holder whose Registrable Securities are intended to be covered by such registration statement and each underwriter
and, if requested by any such Person, confirm such notice in writing (i)&nbsp;when a prospectus or any prospectus supplement or
post-effective amendment has been filed and, with respect to a registration statement or any post-effective amendment, when the
same has become effective, (ii)&nbsp;of the issuance by any state securities or other regulatory authority of any order suspending
the qualification or exemption from qualification of any of the Registrable Securities under state securities or &ldquo;blue sky&rdquo;
laws or the initiation of any proceedings for that purpose, (iii)&nbsp;any request by the Commission for the amending or supplementing
of such registration statement or prospectus or for additional information; and (iv)&nbsp;of the happening of any event which makes
any statement made in a registration statement or related prospectus untrue or which requires the making of any changes in such
registration statement, prospectus or documents so that they will not contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein not misleading, and, as promptly
as reasonably practicable thereafter, prepare and file with the Commission, and furnish to Holders, a supplement or amendment to
such prospectus so that, as thereafter deliverable to the purchasers of such Registrable Securities, such prospectus will not contain
any untrue statement of a material fact or omit a material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading, and the time period during which such registration statement is required to remain
effective shall be extended for the time period during which such prospectus is so suspended;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">furnish,
at the request of any Holder requesting registration of Registrable Securities pursuant to Section&nbsp;2, (i)&nbsp;if such Registrable
Securities are being sold through underwriters, on the date that such shares of Registrable Securities are delivered to the underwriters
for sale pursuant to such registration or, if such Registrable Securities are not being sold through underwriters, on the date
that the registration statement with respect to such shares of Registrable Securities becomes effective, (1)&nbsp;an opinion, dated
such date, of the independent counsel representing Company for the purposes of such registration, addressed to the underwriters,
if any, and if such Registrable Securities are not being sold through underwriters, then to the Holders making such request, in
customary form and covering matters of the type customarily covered in such legal opinions; and (2)&nbsp;a comfort letter dated
such date, from the independent certified public accountants of Company, addressed to the underwriters, if any, and if such Registrable
Securities are not being sold through underwriters, then to the Holder making such request and, if such accountants refuse to deliver
such letter to such Holder, then to Company, in a customary form and covering matters of the type customarily covered by such comfort
letters and as the underwriters or such Holder shall reasonably request.&nbsp;&nbsp;Such opinion of counsel shall additionally
cover such other legal matters with respect to the registration in respect of which such opinion is being given as such Holders
may reasonably request.&nbsp;&nbsp;Such letter from the independent certified public accountants shall additionally cover such
other financial matters (including information as to the period ending not more than five (5)&nbsp;Business Days prior to the date
of such letter) with respect to the registration in respect of which such letter is being given as the Holders of a majority of
the Registrable Securities being so registered may reasonably request;</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">7</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">enter
into customary agreements (including an underwriting agreement in customary form) and take such other actions as are reasonably
required in order to expedite or facilitate the disposition of such Registrable Securities; and</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">otherwise
use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and make available to its
security holders, as soon as reasonably practicable, but not later than 18&nbsp;months after the effective date of the registration
statement, an earnings statement covering the period of at least twelve (12)&nbsp;months beginning with the first full month of
the Company&rsquo;s fiscal quarter commencing after the effective date of such registration statement, which earnings statement
shall satisfy the provisions of Section&nbsp;11(a) of the Securities Act.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">It shall be a condition
precedent to the obligation of Company to take any action pursuant to this Agreement in respect of the securities which are to
be registered at the request of any Holder that such Holder shall furnish to Company such information regarding the securities
held by such Holder and the intended method of disposition thereof as Company shall reasonably request and as shall be required
in connection with the action taken by Company.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Each Holder agrees that,
upon receipt of any notice from Company of the happening of any event of the kind described in Section&nbsp;4(e)(iv), such Holder
shall immediately discontinue such Holder&rsquo;s disposition of Registrable Securities pursuant to the registration statement
relating to such Registrable Securities until such Holder&rsquo;s receipt of the copies of the supplemented or amended prospectus
contemplated by Section&nbsp;4(e)(iv).</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Expenses</U>.&nbsp;&nbsp;All expenses incurred in complying with
this Agreement, including, without limitation, all registration and filing fees (including all expenses incident to filing with
any stock exchange), printing expenses, fees and disbursements of counsel for Company, the reasonable fees and reasonable expenses
of one counsel for the selling security holders (selected by those holding a majority of the shares being registered), expenses
of any special audits incident to or required by any such registration and expenses of complying with the securities or blue sky
laws of any jurisdiction pursuant to Section&nbsp;4(d), shall be paid by Company, except that Company shall not be liable for any
fees, discounts or commissions to any underwriter or any fees or disbursements of counsel for any underwriter in respect of the
securities sold by such Holder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">8</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Indemnification and Contribution</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the event of any registration of any Registrable Securities under the Securities Act pursuant to this Agreement, Company shall
indemnify and hold harmless to the fullest extent permitted by law the Holder of such Registrable Securities, such Holder&rsquo;s
directors and officers, and each other person (including each underwriter) who participated in the offering of such Registrable
Securities and each other person, if any, who controls such Holder or such participating person within the meaning of the Securities
Act, against any losses, claims, damages or liabilities, joint or several, to which such Holder or any such director or officer
or participating person or controlling person may become subject under the Securities Act or any other statute or at common law,
insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i)&nbsp;any
alleged untrue statement of any material fact contained in any registration statement under which such securities were registered
under the Securities Act, any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereto,
or (ii)&nbsp;any alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, and shall reimburse such Holder or such director, officer or participating person or controlling person
for any legal or any other expenses reasonably incurred by such Holder or such director, officer or participating person or controlling
person in connection with investigating or defending any such loss, claim, damage, liability or action; <U>provided</U>, <U>however</U>,
that Company shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or
is based upon any actual or alleged untrue statement or actual or alleged omission made in such registration statement, preliminary
prospectus, prospectus or amendment or supplement in reliance upon and in conformity with written information furnished to Company
by such Holder specifically for use therein or so furnished for such purposes by any underwriter.&nbsp;&nbsp;Such indemnity shall
remain in full force and effect regardless of any investigation made by or on behalf of such Holder or such director, officer or
participating person or controlling person, and shall survive the transfer of such securities by such Holder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
Holder, by acceptance hereof, agrees to indemnify and hold harmless to the fullest extent permitted by law Company, its directors
and officers and each other person, if any, who controls Company within the meaning of the Securities Act against any losses, claims,
damages or liabilities, joint or several, to which Company or any such director or officer or any such person may become subject
under the Securities Act or any other statute or at common law, insofar as such losses, claims, damages or liabilities (or actions
in respect thereof) arise out of or are based upon information provided in writing to Company by such Holder specifically for use
in the registration statement and contained in any registration statement under which securities were registered under the Securities
Act at the request of such Holder, any preliminary prospectus or final prospectus contained therein, or any amendment or supplement
thereto.&nbsp;&nbsp;Notwithstanding the provisions of this paragraph&nbsp;(b) or paragraph&nbsp;(d) below, no Holder shall be required
to indemnify any person pursuant to this Section&nbsp;6 or to contribute pursuant to paragraph&nbsp;(d) below in an amount in excess
of the amount of the aggregate net proceeds received by such Holder in connection with any such registration under the Securities
Act.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">9</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Any
Person entitled to indemnification hereunder will (i)&nbsp;give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification (<U>provided</U> that the failure to give such notice shall not limit the rights of such
Person, except to the extent the indemnifying party is actually prejudiced thereby) and (ii)&nbsp;unless in such indemnified party&rsquo;s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party;
<U>provided</U>, <U>however</U>, that any person entitled to indemnification hereunder shall have the right to employ separate
counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such
Person unless (A)&nbsp;the indemnifying party has agreed to pay such fees or expenses or (B)&nbsp;the indemnifying party shall
have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such Person.&nbsp;&nbsp;If such defense
is not assumed by the indemnifying party as permitted hereunder, the indemnifying party will not be subject to any liability for
any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld or delayed).&nbsp;&nbsp;If
such defense is assumed by the indemnifying party pursuant to the provisions hereof, such indemnifying party shall not settle or
otherwise compromise the applicable claim unless (i)&nbsp;such settlement or compromise contains a full and unconditional release
of the indemnified party or (ii)&nbsp;the indemnified party otherwise consents in writing, which consent shall not be unreasonably
withheld or delayed.&nbsp;&nbsp;An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will
not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with
respect to such claim, unless in the reasonable judgment of any indemnified party, a conflict of interest may exist between such
indemnified party and any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall
be obligated to pay the reasonable fees and disbursements of such additional counsel or counsels.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
the indemnification provided for in this Section&nbsp;6 from the indemnifying party is unavailable to an indemnified party hereunder
in respect of any losses, claims, damages, liabilities or expenses referred to therein, then the indemnifying party, in lieu of
indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such
losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and indemnified parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses,
as well as any other relevant equitable considerations.&nbsp;&nbsp;The relative fault of such indemnifying party and indemnified
parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information
supplied by, such indemnifying party or indemnified parties, and the parties&rsquo; relative intent, knowledge, access to information
and opportunity to correct or prevent such action.&nbsp;&nbsp;The amount paid or payable by a party as a result of the losses,
claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably
incurred by such party in connection with any investigation or proceeding.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">10</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The parties hereto agree
that it would not be just and equitable if contribution pursuant to this Section&nbsp;6(d) were determined by<I> pro</I> -<I> rata</I>
allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph.&nbsp;&nbsp;No Person guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f)
of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">7.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Certain Limitations on Registration Rights</U>.&nbsp;&nbsp;Notwithstanding
the other provisions of this Agreement:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Company
shall not be obligated to register the Registrable Securities of any Holder pursuant to Section&nbsp;2(b) if Company has had a
registration statement, under which such Holder had a right to have its Registrable Securities included pursuant to Section&nbsp;2
or 3, declared effective within six (6)&nbsp;months prior to the date of the request pursuant to Section&nbsp;2(b) unless any Holder
elected to have shares of its Registrable Securities included under such registration statement but some or all of such shares
were excluded.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Company
shall have the right to delay the filing or effectiveness of a registration statement required pursuant to Section&nbsp;2 hereof
during one or more periods aggregating not more than ninety (90)&nbsp;days in any twelve (12)&nbsp;month period in the event that
(i)&nbsp;Company would, in accordance with the advice of its counsel, be required to disclose in the prospectus information not
otherwise then required by law to be publicly disclosed and (ii)&nbsp;in the judgment of Company&rsquo;s board of directors, there
is a reasonable likelihood that such disclosure, or any other action to be taken in connection with the prospectus, would materially
and adversely affect any existing or prospective material business situation, transaction or negotiation or otherwise materially
and adversely affect Company.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
the event that, in the judgment of Company, it is advisable to suspend use of a prospectus included in a registration statement
filed pursuant to this Agreement, due to pending material developments or other events that have not yet been publicly disclosed
and as to which (i) Company would, in accordance with the advice of its counsel, be required to disclose in the prospectus information
not otherwise then required by law to be publicly disclosed and (ii)&nbsp;in the judgment of Company&rsquo;s board of directors,
there is a reasonable likelihood that such disclosure would materially and adversely affect any existing or prospective material
business situation, transaction or negotiation or otherwise materially and adversely affect Company, then Company shall notify
all Holders to such effect, and, upon receipt of such notice, each such Holder shall immediately discontinue any sales of Registrable
Securities pursuant to such registration statement until such Holder has received copies of a supplemented or amended prospectus
or until such Holder is advised in writing by Company that the then current prospectus may be used and has received copies of any
additional or supplemental filings that are incorporated or deemed incorporated by reference in such prospectus.&nbsp;&nbsp;Notwithstanding
anything to the contrary herein, Company shall not exercise its rights under this Section 7(c) to suspend sales of Registrable
Securities for a period or periods aggregating more than ninety (90)&nbsp;days in any twelve (12)&nbsp;month period.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Selection of Managing Underwriters</U>.&nbsp;&nbsp;The managing
underwriter or underwriters for any offering of Registrable Securities to be registered pursuant to Section&nbsp;2 shall be selected
by the Holders of a majority of the Registrable Securities being so registered and shall be reasonably acceptable to Company.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">11</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Interpretive Matters</U>.&nbsp;&nbsp;Unless otherwise expressly
provided or the context otherwise requires, for purposes of this Agreement the following rules of interpretation apply:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">When
calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this
Agreement, the date that is the reference date in calculating such period is excluded.&nbsp;&nbsp;If the last day of such period
is a non-Business Day, the period in question ends on the next succeeding Business Day.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Any
reference in this Agreement to gender includes all genders, and words imparting the singular number also include the plural and
vice versa.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
references in this Agreement to any &ldquo;Article,&rdquo; or &ldquo;Section,&rdquo; are to the corresponding Article or Section
of this Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
words &ldquo;herein,&rdquo;&ldquo;hereinafter,&rdquo;&ldquo;hereof,&rdquo; and &ldquo;hereunder&rdquo; refer to this Agreement
as a whole and not merely to a subdivision in which such words appear unless the context otherwise requires.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
word &ldquo;including&rdquo; or any variation thereof means &ldquo;including, but not limited to,&rdquo; and does not limit any
general statement that it follows to the specific or similar items or matters immediately following it.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 36pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Miscellaneous</U>.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>No
Inconsistent Agreements</U>.&nbsp;&nbsp;Company will not hereafter enter into any agreement with respect to its securities which
is inconsistent with the rights granted to the Holders in this Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Remedies</U>.&nbsp;&nbsp;Each
Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Agreement.&nbsp;&nbsp;Company agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive the
defense in any action for specific performance that a remedy at law would be adequate.&nbsp;&nbsp;In any action or proceeding brought
to enforce any provision of this Agreement or where any provision hereof is validly asserted as a defense, the successful party
shall be entitled to recover reasonable attorneys&rsquo; fees in addition to any other available remedy.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Amendments
and Waivers</U>.&nbsp;&nbsp;Except as otherwise provided herein, the provisions of this Agreement may not be amended, modified
or supplemented, and waivers or consents to departure from the provisions hereof may not be given unless Company has obtained the
written consent of the Majority Holders.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Notice
Generally</U>.&nbsp;&nbsp;All notices, demands, communications and deliveries required or permitted by this Agreement shall be
made in writing signed by the party making the same, shall specify the Section of this Agreement pursuant to which it is given
or being made and shall be deemed given or made (i)&nbsp;on the date delivered if delivered by telecopy or in person, (ii)&nbsp;on
the third (3<FONT STYLE="vertical-align: text-top">&nbsp;rd</FONT> ) Business Day after it is mailed if mailed by registered or
certified mail (return receipt requested) (with postage and other fees prepaid) or (iii)&nbsp;on the day after it is delivered,
prepaid, to an overnight express delivery service that confirms to the sender delivery on such day, as follows:</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">12</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 108pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">
        <P STYLE="margin: 0pt 0">(i)<FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT></P>
        <P STYLE="margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="text-align: left; width: 80%; text-indent: 0pt">If to any Holder, at:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Resource Capital Funds</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">1400 Sixteenth Street, Suite 200</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Denver, Colorado&nbsp;&nbsp;80202</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Attention:&nbsp;&nbsp;General Counsel</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Facsimile No.:&nbsp;&nbsp;720-946-1450</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="margin: 0pt 0">(ii)<FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT></P>
        <P STYLE="margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="text-align: left; text-indent: 0pt">If to Company, at:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Uranium Resources, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">405 State Highway, 121 Bypass</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Building&nbsp;A, Suite 110</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Lewisville, TX&nbsp;&nbsp;75067</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Attention:&nbsp;&nbsp;President</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Facsimile No.:&nbsp;&nbsp;505-842-8123</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">With a copy to:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Baker &amp; Hostetler LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">303 E. 17<FONT STYLE="vertical-align: text-top">th</FONT> Avenue, Suite 1100</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Denver, Colorado 80203</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Attention:&nbsp;&nbsp;Alfred C. Chidester</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Facsimile No.: 303-861-7805</TD></TR>
</TABLE>
<P STYLE="text-indent: 108pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">or at such other address
as may be substituted by notice given as herein provided.&nbsp;&nbsp;The giving of any notice required hereunder may be waived
in writing by the party entitled to receive such notice.&nbsp;&nbsp;Every notice, demand, request, consent, approval, declaration,
delivery or other communication hereunder shall be deemed to have been duly given or served on the date on which personally delivered,
with receipt acknowledged, telecopied and confirmed by telecopy answerback or three Business Days after the same shall have been
deposited in the United States mail.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Rule&nbsp;144</U>.&nbsp;&nbsp;So
long as Company is subject to the reporting requirements under the Exchange Act, it shall comply with such requirements so as to
permit sales of Registrable Securities by the holders thereof pursuant to Rule&nbsp;144 under the Securities Act.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Successors
and Assigns</U>.&nbsp;&nbsp;This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns
of each of the parties hereto including any Person to whom Registrable Securities are transferred (other than in sales pursuant
to a prospectus or Rule&nbsp;144), who shall become an Additional Holder in accordance with this Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">13</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(g)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Headings</U>.&nbsp;&nbsp;The
headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(h)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Governing
Law; Jurisdiction; Jury Waiver</U>.&nbsp;&nbsp;This Agreement shall be governed by, construed and enforced in accordance with the
laws of the State of Colorado without giving effect to the conflict of laws provisions thereof.&nbsp;&nbsp;Each of the parties
hereby submits to personal jurisdiction and waives any objection as to venue in the County of Denver, State of Colorado.&nbsp;&nbsp;Service
of process on the parties in any action arising out of or relating to this Agreement shall be effective if mailed to the parties
in accordance with Section&nbsp;10(d) hereof.&nbsp;&nbsp;The parties hereto waive all right to trial by jury in any action or proceeding
to enforce or defend any rights hereunder.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(i)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Severability</U>.&nbsp;&nbsp;Wherever
possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions
of this Agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(j)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Entire
Agreement</U>.&nbsp;&nbsp;This Agreement represents the complete agreement and understanding of the parties hereto in respect of
the subject matter contained herein and therein.&nbsp;&nbsp;This Agreement supersedes all prior agreements and understandings between
the parties with respect to the subject matter hereof.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(k)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Counterparts</U>.&nbsp;&nbsp;This
Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts (including by facsimile),
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 72pt; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(l)</FONT><FONT STYLE="color: black; letter-spacing: 9pt">&nbsp;</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Termination</U>.&nbsp;&nbsp;Company&rsquo;s
obligations under this Agreement shall cease with respect to any Person when such Person ceases to be a Holder.&nbsp;&nbsp;Notwithstanding
the foregoing, Company&rsquo;s obligations under Section&nbsp;5 and Section&nbsp;6 shall survive in accordance with their terms.</FONT></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>remainder of this page
intentionally blank</I></P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0"><BR>
</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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<P STYLE="text-align: center; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">14</P>

<P STYLE="text-align: center; margin: 0pt 0"><HR NOSHADE SIZE="2" STYLE="color: black"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; text-indent: 36pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">URANIUM RESOURCES, INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Donald C. Ewigleben</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 9pt; text-align: justify; text-indent: 0pt">Donald C. Ewigleben</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 9pt; text-align: left; text-indent: 0pt">President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify; text-indent: 0pt">RESOURCE CAPITAL FUND V L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">Resource Capital Associates V L.P.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0pt; text-align: left">General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">By:</TD>
    <TD>
        <P STYLE="margin: 0pt 0">RCA V GP Ltd.,</P>
        <P STYLE="margin: 0pt 0">General Partner</P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2px; text-align: justify; text-indent: 0pt">By:</TD>
    <TD STYLE="border-bottom: black 2px solid">/s/ Catherine J. Boggs</TD>
    <TD STYLE="padding-bottom: 2px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Counsel</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><I>Signature Page to Registration
Rights Agreement</I></P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0pt 0">15</P>



<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>v306490_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>JOINT FILING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The undersigned acknowledge and agree that
the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to such
statement shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.
This agreement may be included as an exhibit to such joint filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">Dated:&nbsp; March 19, 2012.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="width: 37%">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-weight: bold">RCA V GP LTD.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Name:&nbsp; Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Title:&nbsp;&nbsp;&nbsp; General Counsel</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-weight: bold">RESOURCE CAPITAL ASSOCIATES V L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">By:&nbsp; RCA IV GP LTD., General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Name:&nbsp; Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Title:&nbsp;&nbsp;&nbsp; General Counsel</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-weight: bold">RESOURCE CAPITAL FUND V L.P.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">By:&nbsp; Resource Capital Associates V L.P., General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">By:&nbsp; RCA V GP Ltd., General Partner</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">By:</TD>
    <TD STYLE="text-decoration: none; border-bottom: Black 1pt solid">/s/ Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Name:&nbsp; Catherine J. Boggs</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>Title:&nbsp;&nbsp;&nbsp; General Counsel</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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