Exhibit 10.2
U.S. Rare Earths, Inc.
Conversion of Liability

Notice of Conversion of U.S. Rare Earths, Inc. Shares of Common Stock to Logic
International  Consulting Group, LLC

Notice is hereby given by Logic International Consulting Group, LLC (“Logic”) to
U.S. Rare Earths, Inc. that Logic has agreed to convert its accounts payable as
of June 30, 2013 into shares of the Company’s common stock.

Based on the accounts payable balance due Logic as of June 30, 2013 of $800,000,
Logic is entitled to receive 800,000 shares of the Company Stock which are
deemed restricted securities and will not be registered under the Securities Act
of 1933.

Agreed this 28th day of June, 2013.
 

HOLDER:     COMPANY:             Logic International Consulting Group, LLC    
U.S. Rare Earths, Inc.            
By: /s/ Kevin Cassidy
   
By: /s/ Kevin Cassidy
 
Kevin Cassidy
   
Kevin Cassidy