Exhibit 10.1

 

PERSHING GOLD CORPORATION

 

SECOND AMENDMENT TO

RESTRICTED STOCK AGREEMENT
(Non-Assignable)

 

This Second Amendment, dated as of June 11, 2014 (this “Amendment”), to the
Restricted Stock Agreement, dated as of May 13, 2013 and amended by the First
Amendment to Restricted Stock Agreement dated December 23, 2013 (the
“Agreement”), is entered into by and between Stephen Alfers (“Holder”) and
Pershing Gold Corporation, a Nevada corporation (the “Corporation”).

 

A.                                    Pursuant to the Agreement, Holder was
granted, on June 18, 2012, Three Million Eight Hundred Ninety-two Thousand Five
Hundred Ten (3,892,510) shares (the “Shares”) of Restricted Stock, par value
$0.0001 per Share, of the Corporation.

 

B.                                    The Corporation and Holder have agreed to
amend the Agreement as set forth herein.

 

NOW, THEREFORE, in consideration for good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

 

1.                                      Amendment to Restricted Stock
Agreement.  The Agreement is hereby amended by deleting Section 1 thereof and
replacing it with the following:

 

1.                                      Vesting Schedule.  The Shares shall be
subject to the following vesting provisions.  All vesting is subject to
claw-backs (as set forth in Section 2 herein) in the event of any breach of
Corporate policy, restatements and/or adjustments, and the terms of the Plan
including Section 6(f) (Termination of Employment).  Notwithstanding anything
herein to the contrary, all vested shares may be exercised and disposed of not
sooner than six months following the date hereof.

 

Percentage of Shares to
Vest

 

Date of Vesting

 

33.33%

 

December 26, 2013

 

33.33%

 

March 14, 2015

 

33.34%

 

June 18, 2015

 

 

2.                                      No Other Changes.  Except for the
amendment contained in Section 1 hereof, the Agreement is hereby ratified and
confirmed and shall continue in full force and effect without any further
amendments or changes.

 

3.                                      Counterparts.  This Amendment may be
executed in counterparts each of which taken together shall constitute one and
the same instrument.

 

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4.                                      Governing Law.  This Amendment shall be
governed by, and construed and enforced in accordance with, the internal laws of
the State of Nevada without reference to principles of conflicts of laws.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
as of the date first above written.

 

 

 

HOLDER:

 

 

 

 

 

/s/ Stephen Alfers

 

Stephen Alfers

 

 

 

 

 

PERSHING GOLD CORPORATION

 

 

 

 

 

By:

/s/ Eric Alexander

 

Name: Eric Alexander

 

Title: Vice President Finance and Controller

 

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