SETTLEMENT AGREEMENTSettlement Agreement • November 14th, 2006 • Us Energy Corp • Metal mining • Colorado
This Settlement Agreement (“Settlement Agreement”) is entered into and effective as of the 25th day of September 2006, by and between U.S. Energy Corp. and Crested Corp. (“USE/CC”), on the one hand, and Phelps Dodge Corporation, Mt. Emmons Mining Company, and Cyprus AMAX Minerals Company, (collectively “Phelps Dodge”), on the other. In this Settlement Agreement, USE/CC and Phelps Dodge may sometimes be referred to as “the Parties.”
STOCK PURCHASE AGREEMENTStock Purchase Agreement • November 14th, 2006 • Us Energy Corp • Metal mining • Delaware
This STOCK PURCHASE AGREEMENT, dated September 21, 2006 (this “Agreement”), is by and among U.S. Energy Corporation, a Wyoming corporation (“USE”) and Crested Corp. a Colorado corporation (together with USE, “Sellers”), and DLJ MB Partners III GmbH & Co. KG, a limited company organized under the laws of Germany, DLJ Offshore Partners III, C.V., a partnership organized under the laws of the Netherland Antilles, DLJ Offshore Partners III-1, C.V., a partnership organized under the laws of the Netherland Antilles, DLJ Offshore Partners III-2, C.V., a partnership organized under the laws of the Netherland Antilles, Millennium Partners II, L.P., a Delaware limited partnership, DLJ Merchant Banking Partners III, L.P., a Delaware limited partnership, and MBP III Plan Investors, L.P., a Delaware limited partnership (collectively, “Purchasers”).
EXCLUSIVITY AGREEMENTExclusivity Agreement • November 14th, 2006 • Us Energy Corp • Metal mining • Wyoming
THIS EXCLUSIVITY AGREEMENT (“Agreement”) is made as of this 10th day of July, 2006 (the “Effective Date”) by and between U.S. Energy Corp, a Wyoming corporation (“USEG”), Crested Corp., a Colorado corporation (“CBAG” and together with USEG the “Sellers”), and SXR Uranium One Inc., a Canadian corporation (the “Buyer”).
