EXECUTIVE EMPLOYMENT SERVICES AGREEMENT

EXECUTIVE EMPLOYMENT SERVICES AGREEMENT

Among each of:

URANIUM ENERGY CORP.

And:

UEC WYOMING CORP.

And:

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Uranium Energy Corp.

▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇

EXECUTIVE EMPLOYMENT SERVICES AGREEMENT

THIS EXECUTIVE EMPLOYMENT SERVICES AGREEMENT is made and dated for reference as fully executed effective on this 21^st day of March 2024, as executed on this 6^th day of February, 2024.

AMONG EACH OF:

URANIUM ENERGY CORP., a company incorporated pursuant to the laws of the State of Nevada, U.S.A., and having an address for notice and delivery located at Suite 1830, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇

(the “Parent Company”);

OF THE FIRST PART

AND:

UEC WYOMING CORP., a company incorporated pursuant to the laws of the State of Delaware, U.S.A., and having an address for notice and delivery located at ▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇.▇.▇., ▇▇▇▇▇

(the “Operating Subsidiary”);

OF THE SECOND PART

(and the Parent Company and the Operating Subsidiary being hereinafter collectively referred to as the “Companies” as the context so requires).

AND:

▇▇▇▇▇ ▇▇▇▇, business person, having an address for notice and delivery located at ▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇.▇.▇., ▇▇▇▇▇

(the “Executive”);

OF THE THIRD PART

(and each of the Companies and the Executive being hereinafter singularly also referred to as a “Party” and collectively referred to as the “Parties” as the context so requires).

WHEREAS:

A.                       The Parent Company is a reporting company incorporated under the laws of the State of Nevada, U.S.A., and has its common shares listed for trading on the NYSE American stock exchange (the “NYSE American”);

B.                       The Operating Subsidiary is a non-reporting company incorporated under the laws of the State of Nevada, U.S.A., and is a wholly-owned subsidiary of the Parent Company as a result of the Parent Company’s acquisition of the Operating Subsidiary effective on December 17, 2021;

C.                       The Executive has experience in and specializes in providing companies with valuable mineral property and mining administrative services and has expertise in overseeing the daily operations of a mining company in order to provide them with valuable guidance in the execution of their business plans;

D.                   The Parent Company is involved in the principal business of acquiring, exploring and developing various resource properties of merit (collectively, the “Business”) and, as a consequence thereof, and as a result of the Parent Company’s recent acquisition of the Operating Subsidiary, the Companies are hereby desirous of retaining the Executive as an employee to the Operating Subsidiary, and the Executive is hereby desirous to accept such position, in order to continue to provide such related services to the Companies (collectively, the “Services”, and as more particularly defined hereinbelow);

E.                      In accordance with the terms and conditions of a certain and underlying Term Sheet, dated for reference effective and executed on December 21, 2023, as entered into between the Parent Company and the Executive (the “Underlying Agreement”), the Parties thereto formalized the proposed appointment, effective on March 21, 2024, of the Executive as the Senior Vice-President, Operations, of the Parent Company, together with the provision for certain related services to be provided by the Executive to the Companies in accordance with the terms and conditions of the Underlying Agreement (collectively, the “Services”);

F.                     As a consequence of the Executive’s pending and valuable role within the Companies, the Parties acknowledge and agree that there have been various discussions, negotiations, understandings and agreements between them relating to the terms and conditions of the Services and, correspondingly, that it is their intention by the terms and conditions of this Executive Employment Services Agreement (the “Agreement”) to hereby replace, in their entirety, all such prior discussions, negotiations, understandings and agreements with respect to the Services; and

G.                      The Parties have agreed to enter into this Agreement which replaces, in its entirety, all prior discussions, negotiations, understandings and agreements as between them, and, furthermore, which necessarily clarifies their respective duties and obligations with respect to the within Services to be provided hereunder, all in accordance with the terms and conditions of this Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the mutual covenants and provisos herein contained, THE PARTIES AGREE AS FOLLOWS:

Article 1
DEFINITIONS

Definitions

1.1                      For the purposes of this Agreement, the following words and phrases shall have the following meanings:

Article 2
TERM, RENEWAL AND BOARD APPOINTMENT

Term

2.1                      The initial term of this Agreement (the “Term”) is for a period of two years commencing on March 21, 2024 (the “Effective Date”), unless this Agreement is terminated earlier as hereinafter provided.

Renewal

2.2                     Subject at all times to the provisions of Article 7 hereof, this Agreement shall renew automatically if not specifically terminated in accordance with the following provisions. The Parent Company agrees to notify the Executive in writing at least 90 calendar days prior to the end of the Term of its intent not to renew this Agreement (the “Parent Company’s Non-Renewal Notice”). Should the Parent Company fail to provide a Parent Company’s Non-Renewal Notice this Agreement shall automatically renew on a three-month to three-month term renewal basis after the Term until otherwise specifically renewed in writing by each of the Parties for the next three-month term of renewal or, otherwise, terminated upon delivery by the Parent Company of a corresponding and follow-up 30 calendar day Parent Company’s Non-Renewal Notice in connection with and within 30 calendar days prior to the end of any such three-month term renewal period (in each instance, a “Renewal Period”). Any such Renewal Period on a three-month basis shall be on the same terms and conditions contained herein unless modified and agreed to in writing by the Parties in advance.

Article 3
POSITION, SERVICES AND DUTIES

Position and Services

3.1                   Subject as otherwise herein provided, during the Term and during any Renewal Period the Parent Company hereby agrees to retain the Executive as the Senior Vice-President, Operations, of the Parent Company, and the Executive hereby agrees to accept such positions and be subject to the direction and supervision of, and to have the authority as is delegated to the Executive by, the Board of Directors consistent with such positions, and the Executive also agrees to accept such positions in order to provide such services as the Board of Directors shall, from time to time, reasonably assign to the Executive and as may be necessary for the ongoing maintenance and development of the Companies’ various Business interests during the Term and during any Renewal Period of this Agreement (collectively, the “Services”); it being acknowledged and agreed by each of the Parties that the Executive shall commit and provide to the Companies the Services on a reasonably sufficient basis during the Term and during any Renewal Period for which the Companies, as more particularly set forth herein, hereby agree to pay and provide to the order and direction of the Executive each of the proposed compensation amounts as set forth in Article 3 herein.

Place of Employment

3.2                   The Executive shall perform the Services and duties at home or at such other locations as are necessary and/or agreed to by the Parties for the performance of the Services and the duties. The Executive acknowledges that national travel may be required for the purposes of providing certain of the Services hereunder.

Authority

3.3                    In this regard it is hereby acknowledged and agreed that the Executive shall be entitled to communicate with and shall rely upon the immediate advice, direction and instructions of the Chief Executive Officer of the Parent Company, or upon the advice or instructions of such other director or officer of the Parent Company as the Chief Executive Officer shall, from time to time, designate in times of the Chief Executive Officer’s absence, in order to initiate, coordinate and implement the Services as contemplated herein subject, at all times, to the final direction and supervision of the Board of Directors.

Executive Covenant

3.4                     Without in any manner limiting the generality of the Services to be provided as set forth in Section 3.1 hereinabove, the Executive shall devote the whole of the Executive’s working time and effort to the Executive’s Services, duties and obligations hereunder and shall use the Executive’s best efforts to promote the interests of the Companies and their respective Subsidiaries and Affiliates; provided, however, that the Executive may serve as an independent director for other entities, subject to the prior written approval of the Board of Directors, and subject to such service as a director of another entity not placing the Executive into any conflict of interest in respect of the Executive’s duties hereunder and to the Companies. Should the Parent Company determine, with the Executive’s prior consent, that the Executive shall be appointed as a director of the Parent Company, and with or without extra fees or compensation, the Parent Company will provide the Executive with directors’ and officers’ liability insurance coverage (in terms satisfactory to the Parent Company in its sole discretion and pursuant to applicable plans and policies) for each such appointment.

Concerns

3.5                     Recognizing the Companies’ commitment to achieving the highest standards of openness and accountability, the Executive shall raise, in a prompt manner, any good faith concerns the Executive has regarding the conduct of the Companies’ Business or compliance with the Companies’ financial, legal or reporting obligations. Such good faith concerns should be brought first to the attention of the Chief Executive Officer and subsequently to the Board of Directors.

Reporting

3.6                    The Executive will report to the person holding the office of Chief Executive Officer. The Executive will report fully on the management, operations and business affairs of the Companies and advise, to the best of the Executive’s ability and in accordance with reasonable business standards, on all Business matters that may arise from time to time.

Additional Duties and Obligations of Employment

3.7                  Rules and Policies. The Executive hereby acknowledges and agrees to abide by the reasonable rules, regulations, instructions, personnel practices and policies of the Companies and any changes therein which may be adopted from time to time by the same as such rules, regulations, instructions, personnel practices and policies may be reasonably applied to the Executive as an executive of the Companies.

3.8                      Effort. The Executive will also:

3.9                     Reports. The Executive acknowledges and agrees that all written and oral opinions, reports, advice and materials provided by the Executive to the Companies in connection with the Executive’s employment and the Services hereunder are intended solely for the Companies’ benefit and for the Companies’ uses only, and that any such written and oral opinions, reports, advice and information are the exclusive property of the Companies. In this regard the Executive covenants and agrees that the Companies may utilize any such opinion, report, advice and materials for any other purpose whatsoever and, furthermore, may reproduce, disseminate, quote from and refer to, in whole or in part, at any time and in any manner, any such opinion, report, advice and materials in the Companies’ sole and absolute discretion.

3.10                   Business Conduct. The Executive warrants that the Executive shall conduct the business and other activities in a manner which is lawful and reputable and which brings good repute to the Companies, the Companies’ Business interests and the Executive. In particular, and in this regard, the Executive specifically warrants to provide the Services in a sound and professional manner such that the same meet superior standards of performance quality within the standards of the industry or as set by the specifications of the Companies. In the event that the Board of Directors has a reasonable concern that the business as conducted by the Executive is being conducted in a way contrary to law or is reasonably likely to bring disrepute to the Business interests or to the Companies’ or the Executive’s reputation, the Parent Company may require that the Executive make such alterations in the Executive’s business conduct or structure, whether of management or board representation or employee or sub-licensee representation, as the Board of Directors may reasonably require in its sole and absolute discretion.

3.11                    Compliance with Laws. The Executive will comply with all Canadian, U.S. and foreign laws, whether federal, provincial or state, applicable to the Executive’s respective duties and obligations hereunder and, in addition, hereby represents and warrants that any information which the Executive may provide to any person or company hereunder will, to the best of the Executive’s knowledge, information and belief, be accurate and complete in all material respects and not misleading, and will not omit to state any fact or information which would be material to such person or company.

Article 4
COMPENSATION AND BENEFITS

Signing Bonus

4.1                      It is hereby acknowledged and agreed that, within two business days of the Effective Date of this Agreement, the Operating Subsidiary will pay the Executive a one-time signing bonus of US$60,000.00 in consideration of the due and complete execution by both Parties of this Agreement.

Monthly Salary

4.2                   It is hereby acknowledged and agreed that the Executive shall render the Services as defined hereinabove during the Term and during any Renewal Period of this Agreement and shall thus be compensated from the Effective Date of this Agreement to the termination of the same by way of the payment by the Operating Subsidiary to the Executive of the gross monthly salary of US$26,666.67 (the “Monthly Salary”; representing US$320,000.00 on a yearly basis and, collectively, the “Annual Salary” herein). All such Monthly Salary payments shall be paid in such instalments and at such times and in the same manner as the Operating Subsidiary pays its other senior executives generally, but not less than monthly.

Target Short-Term Incentive Opportunity Bonus

4.3                  It is hereby also acknowledged that the Board of Directors shall, in good faith, consider the payment of up to 50% of the aggregate Annual Salary (that being up to US$160,000 initially) by way of a cash bonus (each, a “Bonus”) to the Executive based upon the performance of the Companies and upon the achievement by the Executive and/or the Company of reasonable management objectives to be reasonably established by the Board of Directors (after reviewing proposals with respect thereto defined by the Executive and delivered to the Board of Directors by the Executive at least 30 calendar days before the beginning of the relevant year of the Parent Company (or within 90 calendar days following the commencement of the Parent Company’s first calendar year commencing on the Effective Date). These management objectives shall consist of both financial and subjective goals and shall be specified in writing by the Board of Directors, and a copy shall be given to the Executive prior to the commencement of the applicable year. The payment of any such Bonus shall be payable, in the sole and absolute discretion of the Parent Company, in either cash and/or common shares or other stock-based compensation of the Parent Company, no later than within 120 calendar days of the ensuing year after any calendar year commencing on the Effective Date.

Performance Review and Short-Term Incentive

4.5                     It is hereby acknowledged and agreed that for each fiscal year from the Effective Date the Executive’s performance will be reviewed by the Chief Executive Officer and approved by the Board of Directors annually. The Executive shall be eligible to receive a short-term incentive payment (each, a “STIP Bonus”) from 0% to up to 50% of the then aggregate Annual Salary on such terms and conditions as the Board of Directors and/or the Compensation Committee in their sole discretion may determine from time to time, based upon such factors as the Board of Directors and/or the Compensation Committee in their sole discretion determines are relevant. The STIP Bonus is subject to the terms and conditions of any applicable Parent Company short-term incentive program (the “STIP”), as the STIP may be determined by the Company’s Board of Directors and/or Compensation Committee from time to time. The Executive will be eligible to be paid for any such STIP Bonus at the Board of Directors’ sole discretion no later than 90 days following each fiscal year end.

Signing Long-Term Incentive Stock Option Grant

4.6                     Option grant. Subject to the following and the provisions of Section 4.7 herein, it is hereby acknowledged and agreed that, effective on the Effective Date, the Executive will be granted, in accordance with the terms and conditions of the Parent Company’s existing 2023 Stock Incentive Plan (the “Option Plan”), an initial incentive stock option (the “Option”) to purchase up to an aggregate of up to US$160,000 in common shares of the Parent Company (each, an “Option Share”; as then equates on a Black-Scholes valuation basis), at an exercise price equal to the Parent Company’s closing price on the NYSE the day prior to the Effective Date, and vesting as to initial one-eighth of the Option Shares on each day which is three and six months from the date of grant and one-quarter of the Option Shares on each of the dates that are 12, 18 and 24 months from the date of grant, and for an exercise period ending ten years from the date of grant.

  In this regard it is hereby acknowledged that the initial Option granted to the Executive herein was negotiated as between the Parties in the context of the stage of development of the Companies existing prior to the Effective Date of this Agreement. Correspondingly, it is hereby acknowledged and agreed that any further Options granted by the Parent Company to the Executive shall be reviewed and renegotiated at the request of either Party on a reasonably consistent basis during the Term and during any Renewal Period of this Agreement and, in the event that the Parties cannot agree, then the number of Options shall be increased on an annual basis by the percentage which is the average percentage of all increases to Parent Company executive Options within the Parent Company during the previous 12-month period; and in each case on similar and reasonable exercise terms and conditions. Any dispute respecting either the effectiveness or magnitude of the final number and terms of any such further Option grants hereunder shall be determined by arbitration in accordance with Article 11 herein.

4.7                     Option registration and compliance. In this regard, and subject also to the following, it is hereby acknowledged and agreed that the exercise of any such Options shall be subject, at all times, to such vesting and resale provisions as may then be contained in the Option Plan and as may be finally determined by the Board of Directors, acting reasonably. In this regard, and in accordance with the terms and conditions of each final form of Parent Company Option agreement, as the same may exist from time to time, the Parties hereby also acknowledge and agree that:

 In this regard it is hereby acknowledged that the Option granted to the Executive herein was negotiated as between the Parties in the context of the stage of development of the Companies existing prior to the Effective Date of this Agreement. Correspondingly, it is hereby acknowledged and agreed that any further Options granted by the Parent Company to the Executive shall be reviewed and renegotiated at the request of either Party on a reasonably consistent basis during the Term and during any Renewal Period of this Agreement and, in the event that the Parties cannot agree, then the number of Options shall be increased on an annual basis by the percentage which is the average percentage of all increases to Parent Company executive Options within the Parent Company during the previous 12-month period; and in each case on similar and reasonable exercise terms and conditions. Any dispute respecting either the effectiveness or magnitude of the final number and terms of any such further Option grants hereunder shall be determined by arbitration in accordance with Article 11 herein.

Long-Term Incentive Compensation

4.8                    Long-Term Incentive Compensation. The Executive shall be eligible to receive a long-term incentive payment (each, an “LTIP Bonus”) from 0% to up to 50% of the then aggregate Annual Salary on such terms and conditions as the Board of Directors and/or the Compensation Committee in their sole discretion may determine from time to time, based upon such factors as the Board of Directors and/or the Compensation Committee in their sole discretion determines are relevant. The LTIP Bonus is subject to the terms and conditions of any applicable Parent Company long-term incentive program (the “LTIP”), as the LTIP may be determined by the Company’s Board of Directors and/or Compensation Committee from time to time.

Benefits

4.9                    Subject to the terms and conditions of applicable employee benefits plans and policies in effect for the Companies from time to time, and subject to the Executive taking the necessary steps to ensure that the Executive (and, where applicable, the Executive’s eligible dependents) are properly registered under the plans, the Executive will be entitled to participate in all applicable employee benefit or health insurance plans from time to time in effect for employees of the Companies generally (each, a “Benefit Plan”), except to the extent that any participation in any such Benefits Plans is prohibited by applicable tax legislation. The Executive’s participation will be subject to the terms of the applicable Benefit Plan documents and generally applicable the Companies’ respective policies. It will be the Companies’ sole obligation is to pay the required premium costs for those benefits (each, a “Benefit”). Any claim or dispute relating to a decision made by the Companies’ group benefits or health insurer will be with and directed to the insurer only and will not form the basis for any dispute or liability as between the Executive and the Companies. The Executive acknowledges that Companies, in their sole discretion, may modify, suspend or terminate any or all of its Benefit Plans and health insurances plans at any time.

Vacation, Personal Days and General Holidays

4.10                   Vacation and Personal Days. The Executive shall be entitled to five weeks’ of accrued vacation per calendar year; such vacation to extend for such periods and to be taken at such intervals as shall be appropriate and consistent with the proper performance of the Executive’s duties and as agreed upon between the Executive and the Chief Executive Officer from time to time (the “Vacation”); with any and all Vacation pay to be taken from time to time as mutually agreed as between the Parent Company and the Executive. The Executive will be allowed to carry forward up to 12 months in aggregate of unused Vacation time into the next calendar year, but only to the extent required by applicable employment standards legislation. Notwithstanding the foregoing, in no event shall the Executive utilize in excess of ten consecutive business days of vacation time without notification to and approval from the Chief Executive Officer acting reasonably. The Company shall also provide the Executive with five days of personal and/or sick time off per calendar year (each, a “Personal Day”), however, such Personal Days will not carry forward from one calendar year to the next, and any unused Personal Days at the end of the calendar year in which they are granted shall be forfeited by the Executive without compensation by the Companies.

4.11                   General Holidays. The Parties hereby acknowledge and agree that the Operating Company recognizes statutory holidays and other holidays: New Year’s Day, Good Friday, Labour Day, Thanksgiving Day, Remembrance Day, Christmas Day and Boxing Day; together with any other paid holiday declared as such by the State of Wyoming.

Reimbursement of Expenses

4.12                  Upon presentation of proper receipts or other proof of expenditure and subject to such reasonable guidelines or limitations provided by the Operating Subsidiary from time to time, the Operating Subsidiary shall reimburse the Executive for all reasonable and necessary business and travel expenses actually incurred by the Executive directly in connection with the Business affairs of the Companies and the performance of the Executive’s duties hereunder (collectively, the “Expenses”). The Executive shall comply with such reasonable limitations and reporting requirements with respect to such Expenses, including provision of receipts and related documentation, as the Chief Executive Officer may establish from time to time.

No other Benefits

4.13                    The Executive is not entitled to any other payment, benefit, perquisite, allowance or entitlement other than as specifically set out in this Agreement or as otherwise approved by the Chief Executive Officer and agreed to in writing and signed by either of the Companies and the Executive.

Payment of compensation and status as a taxable employee

4.14                   It is hereby also acknowledged and agreed that, unless otherwise agreed to in advance and in writing by the Parties, the Executive will be classified as a taxable employee of the Companies for all purposes, such that all compensation which is provided by the Companies to the Executive under this Agreement, or otherwise, will be calculated on a net basis and otherwise for which statutory taxes will first be deducted by the Companies.

Article 5
TERMINATION

Definitions

5.1                      For the purposes of this Article 5, the following terms have the following meanings:

Termination

5.2                      Notwithstanding any other provision in this Agreement, the Executive’s employment may be terminated at any time as follows:

Termination for Just Cause or Resignation

5.3                     If this Agreement and the Executive’s employment is terminated pursuant to either subsections 5.2(c) or 5.2(f) herein, then the Companies shall pay to the Executive an amount equal to the Monthly Salary and Vacation pay earned by and payable to the Executive up to the Date of Termination, and the Executive shall have no entitlement to any further notice of termination, payment in lieu of notice of termination, continuation of Benefits or any damages whatsoever. Participation in all bonus plans (specifically including any Bonus) or other equity or profit participation plans terminates immediately upon the Date of Termination and the Executive shall not be entitled to any additional Bonus or incentive award, pro rata or otherwise, except as may have been owing to the Executive for the Parent Company’s completed fiscal year immediately preceding the Date of Termination.

Termination by Reason of Death

5.4                      If this Agreement and the Executive’s employment is terminated pursuant to subsection 5.2(a) herein, then the Companies shall pay to and provide the Executive’s estate and, if applicable, the Executive’s immediate family members, with the following:

Termination by Reason of Total Disability

5.5                      If this Agreement and the Executive’s employment is terminated pursuant to subsection 5.2(b) herein, then the Companies shall pay to and provide the Executive with the following:

Termination by for Non-Renewal

5.6                  If this Agreement and the Executive’s employment is terminated by the Parent Company in accordance with a Parent Company’s Non-Renewal Notice pursuant to subsection 5.1(d) herein, then the following provisions shall apply:

Termination Without Just Cause

5.7                      If this Agreement and the Executive’s employment is terminated by the Parent Company without Just Cause pursuant to subsection 5.1(e) herein, then the following provisions shall apply:

Termination for any Change of Control

5.8                      Termination by the Executive. If this Agreement and the Executive’s employment is terminated pursuant to subsection 5.2(g) herein, then the Companies shall pay to and provide the Executive with the following:

5.9                     Termination by the Parent Company. If at any time within 12 months following a Change of Control (i) the Executive is given notice that the Executive’s employment is terminated by the Parent Company other than for Just Cause or (ii) the Executive’s employment is terminated by the Executive for Good Reason and the Executive gives notice to the Parent Company to that effect and after 30 calendar days the Parent Company does not cure the act or omission which constitutes Good Reason, then the Companies shall pay to and provide the Executive the entitlements set forth in Section 5.8 herein.

Executive to Provide Release

5.10                   The Executive acknowledges and agrees that the payments pursuant to this Article 5 shall be in full satisfaction of all terms of termination of the Executive’s employment. Except as otherwise provided in this Article 5, the Executive shall not be entitled to any further notice of termination, payment in lieu of notice of termination, benefits continuation, damages or any additional compensation whatsoever. As a condition precedent to any payments or benefits pursuant to Sections 5.4, 5.5, 5.6, 5.7 and 5.8 herein, the Executive shall deliver a full and final release from all actions or claims, known and unknown, in connection with the Executive’s employment with the Companies or the termination thereof in favour of the Companies, their Subsidiaries, their Affiliates and all of their respective officers, directors, trustees, shareholders, employees, attorneys, insurers and agents, such release to be in a form satisfactory to the Parent Company. No payments or benefits under Sections 5.4, 5.5, 5.6, 5.7, 5.8 and 5.9 herein shall be made until such release has been signed and returned by the Executive.

Executive to Provide Resignation

5.12                   The Executive covenants and agrees that, upon any termination of this Agreement and of the Executive’s employment, howsoever caused, the Executive shall forthwith tender the Executive’s resignation from all offices, directorships and trusteeships then held by the Executive with the Companies or with any of their respective Subsidiaries or Affiliates, such resignation to be effective upon the Date of Termination. If the Executive fails to resign as set out above, the Executive will be deemed to have resigned from all such offices, directorships and trusteeships, and the Companies are hereby authorized by the Executive to appoint any person in the Executive’s name and on the Executive’s behalf to sign any documents or do anything necessary or required to give effect to such resignation.

Return of Property

5.13                   All equipment, keys, pass cards, credit cards, software, material, data, written correspondence, memoranda, communication, reports or other documents or property pertaining to the Business of the Companies used or produced by the Executive in connection with the Executive’s employment, or in the Executive’s possession or under the Executive’s control, shall at all times remain the property of the Companies. The Executive shall return all property of the Companies in the Executive’s possession or under the Executive’s control in good condition forthwith upon any request by the Parent Company or upon any termination of this Agreement and of the Executive’s employment (regardless of the reason for such termination).]

Article 6
CONFIDENTIALITY

Confidential Information

6.1                      The Executive acknowledges that:

Protection of Confidential Information

6.2                    While employed by the Companies and following the termination of this Agreement and the Executive’s employment (regardless of the reason for any termination), the Executive shall not, directly or indirectly, in any way use or disclose to any person any Confidential Information except as provided for herein. The Executive agrees and acknowledges that the Confidential Information of the Companies is the exclusive property of the Companies to be used exclusively by the Executive to perform the Executive’s Services and duties and fulfil the Executive’s obligations to the Companies and not for any other reason or purpose. Therefore, the Executive agrees to hold all such Confidential Information in trust for the Companies, and the Executive further confirms and acknowledges the Executive’s fiduciary duty to use best efforts to protect the Confidential Information, not to misuse such information, and to protect such Confidential Information from any misuse, misappropriation, harm or interference by others in any manner whatsoever. The Executive agrees to protect the Confidential Information regardless of whether the information was disclosed in verbal, written, electronic, digital, visual or other form, and the Executive hereby agrees to give notice immediately to the Companies of any unauthorized use or disclosure of Confidential Information of which the Executive becomes aware. The Executive further agrees to assist the Companies in remedying any such unauthorized use or disclosure of Confidential Information. In the event that the Executive is requested or required to disclose to third parties any Confidential Information or any memoranda, opinions, judgments or recommendations developed from the Confidential Information, the Executive will, prior to disclosing such Confidential Information, provide the Companies with prompt written notice of such request(s) or requirement(s) so that the Companies may seek appropriate legal protection or waive compliance with the provisions of this Agreement. The Executive will not oppose action by, and will cooperate with, the Companies to obtain legal protection or other reliable assurance that confidential treatment will be accorded the Confidential Information. The restrictions on the Executive’s use or disclosure of any of the Companies’ information, including Confidential Information as set forth in this Article 6, shall continue following the expiration or termination of this Agreement regardless of the reasons for or manner of such termination.

Corporate Opportunity

6.3                  Any business opportunities related in any way to the Business and affairs of the Companies or any of their respective Subsidiaries or Affiliates which become known to the Executive during the Executive’s employment hereunder shall be fully disclosed and made available to the Companies and shall not be appropriated by the Executive under any circumstance without the prior written consent of the Parent Company.

Article 7
RESTRICTIVE COVENANTS

Non-Competition

7.1                    The Executive covenants to not (without prior written consent of the Companies) at any time during the Executive’s employment with the Companies nor during the period following the Date of Termination when the Executive is receiving Termination Amount payments from the Company pursuant to Article 5 herein, directly or indirectly, anywhere within North America (the “Territory”), either individually or in partnership, jointly or in conjunction with any other person, firm, association, syndicate or company, whether as agent, shareholder, employee, consultant, or in any manner whatsoever, engage in, carry on or otherwise be concerned with, be employed by, associated with or in any other manner connected with, or have any interest in, manage, advise, lend money to, guarantee the debts or obligations of, render services or advice to, permit the Executive’s name, or any part thereof to be used or employed in connection with, in whole or in part, any business the same or similar to or in competition with that of the Business.

Non-Solicitation

7.2                   The Executive covenants to not (without prior written consent of the Companies) at any time during the Executive’s employment with the Company, nor during the periods set out below, directly or indirectly, either individually or in partnership, jointly or in conjunction with any other person, firm, association, syndicate, company or corporation, whether as agent, shareholder, employee, consultant, or in any manner whatsoever:

Non-Interference

7.3                   The Executive covenants to not (without prior written consent of the Companies) at any time during the Executive’s employment with the Companies, nor for a period of 12 months thereafter, interfere with any contractual relationship between the Companies and any party that was a licensor, buyer, customer, partner, joint venturer or vendor (each, a “Contract Partner”) of the Companies or that the Companies were actively soliciting to be a Contract Partner during the 12 month period preceding that date upon which the Executive ceases to be employed with the Companies. For purposes of this section, the Executive shall be deemed to interfere with a contractual relationship with a Contract Partner if (i) the Executive takes any action that the Executive, or a person in a similar position, should reasonably anticipate could result in a material adverse change of the terms of such relationship or (ii) the Executive disparages the Companies, or any of their respective directors, officers, stockholders or employees, in any manner reasonably foreseeable to be harmful to the Companies, or their reputation, or the personal or business reputation of such directors, officers, stockholders or employees; provided that the Executive may respond accurately and fully to any question, inquiry or request for information when required by legal process.

Company

7.4                      For the purposes of Sections 7.2 and 7.3, references to the “Companies” shall be deemed to include the Companies, their respective successors (whether direct or indirect) by purchase, amalgamation, merger or otherwise of the Business, and their respective Subsidiaries, Affiliates and their subsidiaries.

Passive Investments

7.5                      Nothing in this Agreement shall prohibit or restrict the Executive from holding or becoming beneficially interested in up to one percent (1%) of any class of securities in any company provided that such class of securities are listed on a recognized stock exchange in North America.

Article 8
OWNERSHIP OF INTELLECTUAL PROPERTY

Definitions

8.1                      In this Agreement, “Inventions” means, collectively, all:

that are conceived, developed, reduced to practice or otherwise made by the Executive either alone or with others or, in any way, relate to the present or proposed programs, services, products or business of the Companies, or to tasks assigned to the Executive in connection with the Executive’s duties or in connection with any research or development carried on or planned by the Companies, whether or not such Inventions are conceived, developed, reduced to practice or otherwise made during the Executive’s employment or during regular working hours and whether or not the Executive is specifically instructed to conceive, develop, reduce to practice or otherwise make same.

Exclusive Property

8.2                   The Executive agrees that all Inventions, and any and all services and products which embody, emulate or employ any such Invention, shall be the sole property of the Companies, and all copyrights, patents, patent rights, trademarks, service marks, reproduction rights and all other proprietary title, rights and interest in and to each such Invention, whether or not registrable (collectively, the “Intellectual Property Rights”), shall belong exclusively to the Companies.

Work for Hire

8.3                      For purposes of all applicable copyright laws to the extent, if any, that such laws are applicable to any such Invention or any such service or product, it shall be considered a work made for hire and the Companies shall be considered the author thereof.

Disclosure

8.4                      The Executive will promptly disclose to the Companies, or any persons designated by it, all Inventions and all such services or products.

Assignment

8.5                    The Executive hereby assigns and further agrees to, from time to time as such Inventions arise, assign to the Companies or their respective nominee (or their respective successors or assigns) all of the Executive’s right, title and interest in and to the Inventions and the Intellectual Property Rights without further payment by the Companies.

Moral Rights

8.6                      The Executive hereby waives and further agrees to, from time to time as such Inventions arise, waive for the benefit of the Companies and their respective successors or assigns all the Executive‘s moral rights in respect of the Inventions.

Further Assistance

8.7                      The Executive agrees to assist the Companies in every proper way (but at the Companies’ expense) to obtain and, from time to time, enforce the Intellectual Property Rights and to the Inventions in any and all countries, and to that end will execute all documents for use in applying for, obtaining and enforcing the Intellectual Property Rights in and to such Inventions as the Companies may desire, together with any assignments of such Inventions to the Companies or persons designated by them. The Executive’s obligation to assist the Companies in obtaining and enforcing such Intellectual Property Rights in any and all countries shall continue beyond the termination of this Agreement for any reason.

Representations and Warranties

8.8                      The Executive hereby represents and warrants that the Executive is subject to no contractual or other restriction or obligation that will in any manner limit the Executive’s obligations under this Agreement or its Services or activities on behalf of the Companies. The Executive hereby represents and warrants to the Companies that the Executive has no continuing obligations to any person (i) with respect to any previous invention, discovery or other item of intellectual property or (ii) that require the Executive not to disclose the same.

Article 9
REMEDIES

Remedy

9.1                     The Executive acknowledges and agrees that the Executive is employed in a fiduciary capacity, with obligations of trust and loyalty owed by the Executive to the Companies. Accordingly, the Executive agrees that the restrictions in Articles 6, 7 and 8 herein are reasonable in the circumstances of the Executive’s employment and that the Business and affairs of the Companies cannot be properly protected from the adverse consequences of the actions of the Executive other than by the restrictions set forth in this Agreement. If any of the restrictions are determined to be unenforceable as going beyond what is reasonable in the circumstances for the protection of the interests of the Companies but would be valid; for example, if the scope of their time periods or geographic areas were limited; the Parties consent to the court making such modifications as may be required and such restrictions shall apply with such modifications as may be necessary to make them valid and effective.

Injunctions, etc.

9.2                      The Executive acknowledges and agrees that, in the event of a breach of the covenants, provisions and restrictions in Articles 6, 7 and 8 herein by the Executive, the Companies’ remedy in the form of monetary damages will be inadequate. Therefore, the Companies shall be and are hereby authorized and entitled, in addition to all other rights and remedies available to them, to apply to a court of competent jurisdiction for interim and permanent injunctive relief and an accounting of all profits and benefits arising out of such breach without the necessity of posting a bond or other security.

Loss of Entitlements

9.3                      In addition to all other rights and remedies available to the Companies, the Executive acknowledges and agrees that the Executive will immediately lose and not be entitled to the payments and benefits set out in Article 5 herein if the Executive breaches any of the covenants in Articles 6, 7 or 8 herein.

Survival

9.4                      Each and every provisions of Articles 1, 6, 7, 8 and 9 herein shall survive the termination of this Agreement and the Executive’s employment hereunder (regardless of the reason for such termination).

Article 10
INDEMNIFICATION AND LEGAL PROCEEDINGS

Indemnification

10.1                   The Parties hereby each agree to indemnify and save harmless the other Party and including, where applicable, the other Party’s respective Subsidiaries and Affiliates and each of their respective directors, officers, associates, affiliates and agents (each such party being an “Indemnified Party”), harmless from and against any and all losses, claims, actions, suits, proceedings, damages, liabilities or expenses of whatever nature or kind and including, without limitation, any investigative expenses incurred by any Indemnified Party, to which an Indemnified Party may become subject by reason of the terms and conditions of this Agreement.

No indemnification

10.2                    This indemnity will not apply in respect of an Indemnified Party in the event and to the extent that a court of competent jurisdiction in a final judgment shall determine that the Indemnified Party was grossly negligent or guilty of wilful misconduct.

Claim of indemnification

10.3                    The Parties agree to waive any right they might have of first requiring the Indemnified Party to proceed against or enforce any other right, power, remedy, security or claim payment from any other person before claiming this indemnity.

Notice of claim

10.4                   In case any action is brought against an Indemnified Party in respect of which indemnity may be sought against either of the Parties (said Party then being the “Indemnitee”), the Indemnified Party will give both Parties prompt written notice of any such action of which the Indemnified Party has knowledge and the Indemnitee will undertake the investigation and defense thereof on behalf of the Indemnified Party, including the prompt employment of counsel acceptable to the Indemnified Party affected and the Indemnitee and the payment of all expenses. Failure by the Indemnified Party to so notify shall not relieve the Indemnitee of the Indemnitee‘s obligation of indemnification hereunder unless (and only to the extent that) such failure results in a forfeiture by the Indemnitee of substantive rights or defenses.

Settlement

10.5                    No admission of liability and no settlement of any action shall be made without the consent of each of the Parties and the consent of the Indemnified Party affected, such consent not to be unreasonable withheld.

Legal Proceedings

10.6                   Notwithstanding that the Indemnitee will undertake the investigation and defense of any action, an Indemnified Party will have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel will be at the expense of the Indemnified Party unless:

Contribution

10.7                 If for any reason other than the gross negligence or bad faith of the Indemnified Party being the primary cause of the loss claim, damage, liability, cost or expense, the foregoing indemnification is unavailable to the Indemnified Party or insufficient to hold them harmless, the Indemnitee shall contribute to the amount paid or payable by the Indemnified Party as a result of any and all such losses, claim, damages or liabilities in such proportion as is appropriate to reflect not only the relative benefits received by the Indemnitee on the one hand and the Indemnified Party on the other, but also the relative fault of the Indemnitee and the Indemnified Party and other equitable considerations which may be relevant. Notwithstanding the foregoing, the Indemnitee shall in any event contribute to the amount paid or payable by the Indemnified Party, as a result of the loss, claim, damage, liability, cost or expense (other than a loss, claim, damage, liability, cost or expenses, the primary cause of which is the gross negligence or bad faith of the Indemnified Party), any excess of such amount over the amount of the fees actually received by the Indemnified Party hereunder.

Article 11
ARBITRATION

Matters for arbitration

11.1                  Except for matters of indemnity or in the case of urgency to prevent material harm to a substantive right or asset, the Parties agree that all questions or matters in dispute with respect to this Agreement shall be submitted to arbitration pursuant to the terms hereof. This provision shall not prejudice a Party from seeking a court order or assistance to garnish or secure sums or to seek summary remedy for such matters as counsel may consider amenable to summary proceedings.

Notice

11.2                  It shall be a condition precedent to the right of any Party to submit any matter to arbitration pursuant to the provisions hereof that any Party intending to refer any matter to arbitration shall have given not less than five business days’ prior written notice of its intention to do so to the other Parties together with particulars of the matter in dispute. On the expiration of such five business days the Party who gave such notice may proceed to refer the dispute to arbitration as provided for herein. Except for matters of indemnity or in the case of urgency to prevent material harm to a substantive right or asset, the Parties agree that all questions or matters in dispute with respect to this Agreement shall be submitted to arbitration pursuant to the terms hereof. This provision shall not prejudice a Party from seeking a court order or assistance to garnish or secure sums or to seek summary remedy for such matters as counsel may consider amenable to summary proceedings.

Appointments

11.3                   The Party desiring arbitration shall appoint one arbitrator, and shall notify the other Parties of such appointment, and the other Parties shall, within five business days after receiving such notice, appoint an arbitrator, and the two arbitrators so named, before proceeding to act, shall, within five business days of the appointment of the last appointed arbitrator, unanimously agree on the appointment of a third arbitrator, to act with them and be chairperson of the arbitration herein provided for. If the other Parties shall fail to appoint an arbitrator within five business days after receiving notice of the appointment of the first arbitrator, and if the two arbitrators appointed by the Parties shall be unable to agree on the appointment of the chairperson, the chairperson shall be appointed in accordance with the provisions of the Arbitration Act. Except as specifically otherwise provided in this section, the arbitration herein provided for shall be conducted in accordance with such Arbitration Act. The chairperson, or in the case where only one arbitrator is appointed, the single arbitrator, shall fix a time and place in Vancouver, British Columbia, Canada, for the purpose of hearing the evidence and representations of the Parties, and the chairperson shall preside over the arbitration and determine all questions of procedure not provided for by the Arbitration Act or this section. After hearing any evidence and representations that the Parties may submit, the single arbitrator, or the arbitrators, as the case may be, shall make an award and reduce the same to writing, and deliver one copy thereof to each of the Parties. The expense of the arbitration shall be paid as specified in the award.

Award

11.4                    The Parties agree that the award of a majority of the arbitrators, or in the case of a single arbitrator, of such arbitrator, shall be final and binding upon each of them.

Article 12
OTHER PROVISIONS

Recitals

12.1                    The Companies and the Executive represent and warrant to each other that the Recitals set out above are true.

Currency

12.2                    All amounts payable pursuant to this Agreement are expressed in and shall be paid in United States currency unless otherwise expressly provided for.

Withholding

12.3                   All amounts paid or payable and all benefits, perquisites, allowances or entitlements provided to the Executive under this Agreement are subject to applicable taxes and withholdings. Accordingly, the Company shall be entitled to deduct and withhold from any amount payable to the Executive hereunder such sums that the Company is required to withhold pursuant to any federal, provincial, state, local or foreign withholding or other applicable taxes or levies. Notwithstanding the foregoing, the Executive acknowledges and agrees that the Executive is solely responsible for all tax liability arising from the Executive’s receipt of any payments, benefits, perquisites, allowances or entitlements as set out in this Agreement.

Rights and Waivers

12.4                   All rights and remedies of the Parties are separate and cumulative, and none of them, whether exercised or not, shall be deemed to be to the exclusion of any other rights or remedies or shall be deemed to limit or prejudice any other legal or equitable rights or remedies which either of the Parties may have. Any purported waiver of any default, breach or non-compliance under this Agreement is not effective unless in writing and signed by the Party to be bound by the waiver. No waiver shall be inferred from or implied by any failure to act or delay in acting by a Party in respect of any default, breach or non-observance or by anything done or omitted to be done by the other Party. The waiver by a Party of any default, breach or non-compliance under this Agreement shall not operate as a waiver of that Party’s rights under this Agreement in respect of any continuing or subsequent default, breach or non-observance (whether of the same or any other nature).

No Representation or Claims

12.5                   The Executive agrees that the Executive has not been induced to enter into this Agreement by reason of any statement, representation, understanding or promise not expressly set out in this Agreement. The Executive has no claim against the Companies arising from any Services provided by the Executive to the Companies in any capacity prior to the Effective Date of this Agreement.

Governing Law

12.6                    The situs of this Agreement is Vancouver, British Columbia, Canada, and for all purposes this Agreement will be governed exclusively by and construed and enforced in accordance with the laws prevailing in the Province of British Columbia, Canada, and the federal laws of Canada applicable thereto.

Notices

12.7                    Any notice or other communication or writing required or permitted to be given under this Agreement or for the purposes of this Agreement will be in writing and will be sufficiently given if delivered personally, or if transmitted by facsimile transmission (with original to follow by mail) or other form of recorded communication, tested prior to transmission, to:

Uranium Energy Corp.

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▇▇▇ ▇▇▇

with a copy to counsel for the Parent Company:

▇▇▇▇▇▇▇▇ LLP

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▇▇▇▇▇ ▇▇▇▇

▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇.▇.▇., ▇▇▇▇▇

or to such other address as the Party to whom such notice is to be given will have last notified the Party giving the same in the manner provided in this section. Any notice so delivered will be deemed to have been given and received on the day it is so delivered at such address; provided that such day is not a Business Day (as herein defined) then the notice will be deemed to have been given and received on the Business Day next following the day it is so delivered. Any notice so transmitted by facsimile transmission or other form of recorded communication will be deemed to have been given and received on the day of its confirmed transmission (as confirmed by the transmitting medium), provided that if such day is not a Business Day then the notice will be deemed to have been given and received on the Business Day next following such day. “Business Day” means any day that is not a Saturday, Sunday or civic or statutory holiday in the Province of British Columbia, Canada.

Successors and Assigns

12.8                   This Agreement shall inure to the benefit of, and be binding on, the Parties and their respective heirs, administrators, executors, successors (whether direct or indirect, by purchase, amalgamation, arrangement, merger, consolidation or otherwise) and permitted assigns. The Companies shall have the right to assign this Agreement, or the benefit thereof, to any of their respective Affiliates or to any successor (whether direct or indirect, by purchase, amalgamation, arrangement, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Companies. The Executive, by the Executive’s signature hereto, expressly consents to such assignment and, provided that such successor agrees to assume and be bound by the terms and conditions of this Agreement, all references to the “Companies” hereunder shall include their respective successors. The Companies may also agree to enforce, for the benefit of any successor (whether direct or indirect, by purchase, amalgamation, arrangement, merger, consolidation or otherwise) the provisions contained in Articles 7 and 8, regardless of whether the Companies continue to carry on or be involved in the Business. The Executive shall not assign or transfer, whether absolutely, by way of security or otherwise, all or any part of the Executive’s rights or obligations under this Agreement without the prior consent of the Companies, which may be arbitrarily withheld.

Amendment

12.9                    No amendment of this Agreement will be effective unless made in writing and signed by the Parties.

Severability

12.10                  If any provision of this Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity or unenforceability shall attach only to such provision or part thereof and the remaining part of such provision and all other provisions hereof shall continue in full force and effect. The Parties agree to negotiate in good faith to agree to a substitute provision which shall be as close as possible to the intention of any invalid or unenforceable provision as may be valid or enforceable.

Independent Legal Advice

12.11                  The Parties acknowledge that, prior to executing this Agreement, they have each had the opportunity to obtain independent legal advice and that they fully understand the nature of this Agreement and that they are entering into this Agreement voluntarily.

Force Majeure

12.12                 If either Party is at any time either during this Agreement or thereafter prevented or delayed in complying with any provisions of this Agreement by reason of strikes, walk-outs, labour shortages, power shortages, fires, wars, acts of God, earthquakes, storms, floods, explosions, accidents, protests or demonstrations by environmental lobbyists or native rights groups, delays in transportation, breakdown of machinery, inability to obtain necessary materials in the open market, unavailability of equipment, governmental regulations restricting normal operations, shipping delays or any other reason or reasons beyond the control of that Party, then the time limited for the performance by that Party of its respective obligations hereunder shall be extended by a period of time equal in length to the period of each such prevention or delay. A Party shall within three calendar days give notice to the other Parties of each event of force majeure under this section, and upon cessation of such event shall furnish the other Parties with notice of that event together with particulars of the number of days by which the obligations of that Party hereunder have been extended by virtue of such event of force majeure and all preceding events of force majeure.

Time of the essence

12.13                  Time will be of the essence of this Agreement.

Enurement

12.14                  This Agreement will enure to the benefit of and will be binding upon the Parties and their respective heirs, executors, administrators and assigns.

Further assurances

12.15                  The Parties will from time to time after the execution of this Agreement make, do, execute or cause or permit to be made, done or executed, all such further and other acts, deeds, things, devices and assurances in law whatsoever as may be required to carry out the true intention and to give full force and effect to this Agreement.

No partnership or agency

12.16                  The Parties have not created a partnership and nothing contained in this Agreement shall in any manner whatsoever constitute any Party the partner, agent or legal representative of the other Parties, nor create any fiduciary relationship between them for any purpose whatsoever.

Entire agreement

12.17                 This Agreement constitutes the entire agreement to date between the Parties and supersedes every previous agreement, communication, expectation, negotiation, representation or understanding, whether oral or written, express or implied, statutory or otherwise, between the Parties with respect to the subject matter of this Agreement and including, without limitation, the Underlying Agreement.

Personal Information

12.18              The Executive acknowledges that the Companies are obligated to comply with the Personal Information Protection Act (British Columbia) and with any other applicable legislation governing the collection, use, storage and disclosure of personal information. The Executive agrees to comply with all of the Companies’ personal information protection policies and with other policies, controls and practices as they may exist, from time to time, in ensuring that the Executive and the Companies engage only in lawful collection, storage, use and disclosure of personal information.

Captions

12.19                  The headings, captions, Article, section and subsection numbers appearing in this Agreement are inserted for convenience of reference only and shall in no way define, limit, construe or describe the scope or intent of this Agreement nor in any way affect this Agreement.

Ambiguities

12.20                  As each Party and its legal counsel have participated in the review and revision of this Agreement, any rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not apply in interpreting this Agreement.

Accessibility

12.21                  The Companies have policies to support employees with disabilities, including, but not limited to, policies regarding the provision of job accommodations that take into account an employee’s accessibility needs due to disability.

Counterparts

12.22                  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

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IN WITNESS WHEREOF the Parties have hereunto set their respective hands and seals as at the Effective Date as ▇▇▇▇▇▇▇▇▇▇▇ determined.