EQUITY
STOCK TRANSFER


 


ESCROW
AGREEMENT


 


This
Escrow Agreement dated this day of May, 2017 (this “Escrow Agreement”), is entered into by and among DATARAM CORPORATION,
a Nevada corporation (“Parent”); DATARAM ACQUISITION SUB, INC., a Nevada corporation and wholly-owned subsidiary of
Parent (“Buyer”); U.S. GOLD CORP., a Nevada corporation (the “Company”); Copper King LLC, a principal
stockholder of the Company (the “Stockholder”) (Parent, Buyer, Company and the Stockholder are each a “Party”
and together are “Parties”) and Equity Stock Transfer LLC, a Nevada limited liability company, as escrow agent (“Escrow
Agent”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger
Agreement (defined below).


 


RECITALS


 


WHEREAS,
the Parties entered into that certain Agreement and Plan of Merger dated as of June 13, 2016 and amended and restated on July
29, 2016, September 14, 2016 and November 28, 2016, (the “Merger Agreement”);


 


WHEREAS,
the Merger Agreement Agreement provides that the Stockholder shall indemnify and hold harmless each Parent Indemnified Party from
and against any and all Losses of the Parent Indemnified Parties, to the extent directly or indirectly resulting or arising from
or based upon (i) any breach of any the representations, warranties, covenants or indemnification obligations set forth in the
Merger Agreement and (ii) the failure by the Company to deliver a new preliminary economic report of the Copper King Project (the
“New Report”) during the Escrow Period; provided however, that the Stockholder shall not have any liability
to any Parent Indemnified Party with respect to Losses arising out of any of the matters referred until such time as the amount
of all such liability shall collectively exceed the Threshold, whereupon the Losses exceeding the Threshold shall be payable by
the Stockholder and provided further, that in no event shall the Stockholder’S aggregate liability to any Indemnified
Party exceed the after tax amount of such Claim and all Claims shall be net of any insurance proceeds reasonably expected to be
received in respect of Losses subject to such Claim;


 


WHEREAS,
Section 2.10 of the Merger Agreement provides that, at the Effective Time, Parent shall deliver to the Escrow Agent, Merger Consideration
consisting of ten percent (10%) of the total number of shares of capital stock of the Company constituting the Company Stockholder
Consideration in Common Stock (4,500.18 shares of Parent Series C Preferred Stock) (the “Escrow Shares”) to secure
any claims that may arise with respect to (i) any breach of any the representations, warranties, covenants or indemnification
obligations set forth in the Merger Agreement and (ii) the failure by the Company to deliver the New Report during the twelve
(12) month period following the Closing Date (the “Escrow Period”);


 


WHEREAS,
the Parties hereto acknowledge that the Escrow Agent is not a party to, is not bound by, and has no duties or obligations under
the Merger Agreement, that all references in this Escrow Agreement to the Merger Agreement are for convenience, and that the Escrow
Agent shall have no implied duties beyond the express duties set forth in this Escrow Agreement; and


 


WHEREAS,
the Parties have agreed to appoint Escrow Agent to hold the Escrow Shares in escrow, and Escrow Agent agrees to hold and distribute
the Escrow Shares, in accordance with the terms and provisions of this Escrow Agreement.


 




    	 



    	 



    

 


NOW,
THEREFORE, in consideration of the promises and agreements of the Parties and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties and Escrow Agent agree as follows:


 


ARTICLE
1

ESCROW DEPOSIT


 


Section
1.1 Appointment of Escrow Agent. The Parties hereby designate and appoint Escrow Agent as their agent to receive, hold
in escrow, and disburse the Escrow Shares in accordance with the term of this Escrow Agreement, and Escrow Agent accepts such
appointment.


 


Section
1.2 Receipt and Deposit of the Escrow Shares; Commencement of Duties; Dividends and Distributions; Certain Rights of the Stockholder.


 


(a)
Receipt and Deposit of the Escrow Shares; Commencement of Duties.


 


(i)
Upon execution hereof and pursuant to the Merger Agreement, Parent shall deliver to Escrow Agent stock certificates (the “Certificates”)
representing the Escrow Shares, and Escrow Agent shall promptly acknowledge receipt of the Certificates. Upon receipt of the Escrow
Shares by the Escrow Agent, the duties and obligations of the Escrow Agent and the Parties to this Agreement shall commence.


 


(ii)
The Escrow Shares shall be delivered by Parent to Escrow Agent free and clear of all liens, claims and encumbrances (except as
may be created by this Escrow Agreement and the Merger Agreement or otherwise provided for by state and federal securities laws).
During the term hereof, the Stockholder will not sell, assign, transfer or otherwise dispose of any part of the Escrow Shares.


 


(b)
Dividends and Distributions. All dividends and distributions declared by Parent on the Escrow Shares and payable to Parent’s
shareholders of record (“Dividends and Distributions”) at any time after the date hereof until the Termination
Date (as defined below), shall be payable to the Stockholder, as record holders of the Escrow Shares, and will not be deposited
with Escrow Agent. If Parent declares a stock split, subdivision, combination, reclassification or any other change in its capital
structure affecting the Escrow Shares, the certificates or other instruments relating thereto shall be immediately deposited by
Parent with Escrow Agent as additional Escrow Shares to be held and distributed by Escrow Agent in accordance with this Escrow
Agreement.


 


(c)
Certain Rights of the Stockholder. Notwithstanding anything to the contrary contained herein and for so long as the Escrow
Shares remain in escrow, the Stockholder shall have the right to (i) vote all Escrow Shares that are not disbursed to Parent pursuant
to the terms hereof, (ii) receive any dividends and distributions in respect of the Escrow Shares that are not disbursed to Parent
pursuant to the terms hereof, and (iii) to exercise any and all other rights of a shareholder of Parent with respect to the Escrow
Shares that are not disbursed to Parent pursuant to the terms hereof; provided however, that the Stockholder may not sell
the Escrow Shares to third parties for the duration of the Escrow Period.


 


(d)
Deposit of Escrow Shares. The Stockholder and Parent agree that Escrow Agent, in connection with any Certificate deposited
pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility
to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise
deliver the Escrow Shares on written instructions only; and (iv) no responsibility to ensure the legality of the registration
of the Escrow Shares.


 




    	 



    	 



    

 


Section
1.3 Procedures with Respect to Indemnification Claims.


 


(a)
Claim. If, at any time and from time to time during the Escrow Period (the “Claims Period”), Parent desires
to make a claim against the Escrow Shares pursuant to Article II or VIII of the Merger Agreement (each, a “Claim”),
Parent shall deliver a written notice of the Claim (a “Claims Notice”) to Escrow Agent, with a copy to the Stockholder,
substantially in the form attached hereto as Annex I specifying the nature of the Claim, the estimated amount of damages to which
Parent believes it is or may be entitled to under the Merger Agreement (the “Claimed Amount”) and Parent payment delivery
instructions.


 


(b)
Response by the Stockholder. Within thirty (30) calendar days after receipt by Escrow Agent of any Claims Notice (“Response
Period”), the Stockholder shall, with respect to such Claims Notice, by notice to Parent and Escrow Agent (a “Response
Notice”) substantially in the form attached hereto as Annex II either (i) concede liability for the Claimed Amount in whole,
or (ii) deny liability for the Claimed Amount in whole or in part (it being understood that any portion of the Claimed Amount
for which the Stockholder has not denied liability shall be deemed to have been conceded). If the Stockholder denies liability
in whole or in part, such Response Notice shall be accompanied by a reasonably detailed description of the basis for such denial.
The number of Escrow Shares of the Claimed Amount for which the Stockholder has conceded liability is referred to herein as the
“Conceded Amount.” If the Stockholder has conceded liability for any portion of the Claimed Amount, the Stockholder
and Parent, by joint notice substantially in the form attached hereto as Annex III, shall instruct Escrow Agent to promptly deliver
to Parent the amount of Escrow Shares representing the Conceded Amount specified in such notice (such joint notice, the “Conceded
Amount Notice”); provided, however, that if the Stockholder fails to deliver a Response Notice within the thirty (30) calendar
day period, the Stockholder shall be deemed to have conceded the Claimed Amount in full (the “Deemed Concession”)
(and the Claimed Amount in full of such Deemed Concession shall constitute a “Conceded Amount”) and Escrow Agent shall
promptly pay to Parent such number of Escrow Shares as directed in writing by Parent representing the Conceded Amount.


 


(c)
Resolutions of Disputes.


 


(i)
If the Stockholder has denied liability for, or otherwise disputes the Claimed Amount, in whole or in part, the Stockholder and
Parent, on behalf of the applicable claimant, shall attempt to resolve such dispute within thirty (30) calendar days. If the Parties
resolve such dispute, they shall deliver to Escrow Agent a Conceded Amount Notice signed by each of them or a copy of the Final
Decision (as defined herein) directing the release of Ordered Amount (as defined herein) . Such Conceded Amount Notice shall instruct
Escrow Agent to deliver to Parent the amount, if any, of Escrow Shares agreed to by both the Parties in settlement of such dispute.


 


(d)
Payment of Claims. Escrow Agent promptly shall deliver the applicable portion of the Escrow Shares, no later than the fifth
(5th) business day following the determination of a Payment Event (as such term is defined below), to Parent from the
Escrow Shares: (i) following any concession of liability by the Stockholder, in whole or in part, the Conceded Amount as set forth
in the Conceded Amount Notice; (ii) following any Deemed Concession of liability by the Stockholder, the Conceded Amount; or (iii))
following receipt by Escrow Agent of any Final Decision, the Ordered Amount (collectively, clauses (i) (ii) and (iii), the “Payment
Events”). Upon the occurrence of a Payment Event, in the event that Escrow Agent must deliver a portion of the Escrow Shares
to Parent from the Escrow Shares, Escrow Agent shall return to Parent the Certificates then held by Escrow Agent (the “Primary
Certificates”), and Parent shall deliver the Primary Certificates to Equity Stock Transfer, the transfer agent of Parent
(the “Transfer Agent”), with a letter of instruction and any other document required by the Transfer Agent in connection
therewith, from Parent directing the Transfer Agent to: (i) cancel the Primary Certificates; (ii) if elected by the Parent, issue
a new stock certificate registered to Parent representing the number of Escrow Shares of the Conceded Amount or Ordered Amount,
as applicable, relating to the Payment Event, which shall be delivered by the Transfer Agent to Parent; and (iii) issue new stock
certificates registered to the Stockholder representing the Escrow Shares less the shares of the Conceded Amount, or Ordered Amount,
as applicable, relating to such Payment Event, which shall be delivered by the Transfer Agent to Escrow Agent to be held in escrow
in accordance with the terms set forth herein.


 




    	 



    	 



    

 


Section 1.4 isbursements.


 


(a)
Upon the earlier of termination of this Escrow Agreement pursuant to Section 1.6 hereof or joint written notice from the
Parties, Escrow Agent shall release from the Escrow Shares to the Stockholder any portion of the Escrow Shares then remaining
less the aggregate Claimed Amount for all then outstanding claims for any Losses (“Outstanding Claims”) pursuant to
Section VIII of the Merger Agreement asserted within the Claims Period.


 


(b)
Upon receipt of a Conceded Amount Notice with respect to a particular Outstanding Claim, Escrow Agent shall promptly deliver to
Parent, the Conceded Amount in accordance with Section 1.3(b) herein.


 


(c)
Upon receipt of a Final Decision with respect to a particular Outstanding Claim, Escrow Agent shall promptly deliver to Parent,
as the case may be, the Ordered Amount, if any, in accordance with Section 1.3(d)(2) herein. Any court or arbitrator order shall
be accompanied by an opinion of counsel for the presenting party that such order is final and non-appealable.


 


(d)
In the event that the Parties jointly instruct Escrow Agent to disburse the Escrow Shares to any party, Escrow Agent shall comply
with such instructions, any provision herein to the contrary notwithstanding.


 


Section
1.5 . For purposes of this Agreement, the value of each Escrow Share shall be equal to the lesser of (i) the closing price
of the Parent’s common stock on the date of this Escrow Agreement, as resport by the NASDAQ Stock Market LLC and (ii) the
closing price of the Parent’s common stock, as resport by the NASDAQ Stock Market LLC on date of the Payment Event.


 


Section
1.6 Termination. This Escrow Agreement shall terminate on May , 2018 (the “Termination Date”), at which
time Escrow Agent is authorized and directed to disburse the Escrow Shares in accordance with Section 1.4 and this Escrow
Agreement shall be of no further force and effect except that the provisions of Sections 3.1 and 3.2 hereof shall
survive termination.


 




    	 



    	 



    

 


ARTICLE
2

DUTIES OF THE ESCROW AGENT


 


Section
2.1 Scope of Responsibility. Notwithstanding any provision to the contrary, Escrow Agent is obligated only to perform
the duties specifically set forth in this Escrow Agreement, which shall be deemed purely ministerial in nature. Under no circumstances
will Escrow Agent be deemed to be a fiduciary to any Party or any other person under this Escrow Agreement. Escrow Agent will
not be responsible or liable for the failure of any Party to perform in accordance with this Escrow Agreement. Escrow Agent shall
neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument, or
document other than this Escrow Agreement, whether or not an original or a copy of such agreement has been provided to Escrow
Agent; and Escrow Agent shall have no duty to know or inquire as to the performance or nonperformance of any provision of any
such agreement, instrument, or document. References in this Escrow Agreement to any other agreement, instrument, or document are
for the convenience of the Parties, and Escrow Agent has no duties or obligations with respect thereto. This Escrow Agreement
sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of Escrow Agent shall be
inferred or implied from the terms of this Escrow Agreement or any other agreement.


 


Attorneys
and Agents. Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken
by Escrow Agent in accordance with the advice of counsel or other professionals retained or consulted by Escrow Agent. Escrow
Agent shall be reimbursed as set forth in Section 3.1 herein for any and all reasonable compensation (fees, expenses and
other costs) paid and/or reimbursed to such counsel and/or professionals. Escrow Agent may perform any and all of its duties through
its agents, representatives, attorneys, custodians, and/or nominees.


 


Section
2.3 Reliance. Escrow Agent shall not be liable for any action taken or not taken by it in accordance with the direction
or consent of the Parties or their respective agents, representatives, successors, or assigns. Escrow Agent shall not be liable
for acting or refraining from acting upon any notice, request, consent, direction, requisition, certificate, order, affidavit,
letter, or other paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person
or persons, without further inquiry into the person’s or persons’ authority.


 


Right
Not Duty Undertaken. The permissive rights of Escrow Agent to do things enumerated in this Escrow Agreement shall not
be construed as duties.


 


No
Financial Obligation. No provision of this Escrow Agreement shall require Escrow Agent to risk or advance its own funds
or otherwise incur any financial liability or potential financial liability in the performance of its duties or the exercise of
its rights under this Escrow Agreement.


 


ARTICLE
3

PROVISIONS CONCERNING ESCROW AGENT


 


Indemnification.
The Parties, jointly and severally, shall indemnify, defend and hold harmless Escrow Agent from and against any and all loss,
liability, cost, damage and expense, including, without limitation, reasonable attorneys’ fees and expenses or other professional
fees and expenses which Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against Escrow Agent,
arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates, unless
such loss, liability, cost, damage or expense shall have been finally adjudicated to have been directly caused by the willful
misconduct or gross negligence of Escrow Agent. The provisions of this Section 3.1 shall survive the resignation or removal
of Escrow Agent and the termination of this Escrow Agreement.


 




    	 



    	 



    

 


Limitation
of Liability. ESCROW AGENT SHALL NOT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY (I) DAMAGES, LOSSES OR EXPENSES ARISING
OUT OF THE SERVICES PROVIDED HEREUNDER, OTHER THAN DAMAGES, LOSSES OR EXPENSES WHICH HAVE BEEN FINALLY ADJUDICATED TO HAVE DIRECTLY
RESULTED FROM ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, OR (II) SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES
OR LOSSES OF ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION.


 


Section
3.3 Resignation or Removal. Escrow Agent may resign by furnishing written notice of its resignation to the Parties, and
the Parties may remove Escrow Agent by furnishing to the Escrow Agent a joint written notice of its removal along with payment
of all fees and expenses to which it is entitled through the date of termination. Such resignation or removal, as the case may
be, shall be effective thirty (30) days after the delivery of such notice or upon the earlier appointment of a successor, and
Escrow Agent’s sole responsibility thereafter shall be to safely keep the Escrow Shares and to deliver the same to a successor
escrow agent as shall be appointed by the Parties, as evidenced by a joint written notice filed with Escrow Agent or in accordance
with a court order. If the Parties have failed to appoint a successor escrow agent prior to the expiration of thirty (30) days
following the delivery of such notice of resignation or removal, Escrow Agent may petition any court of competent jurisdiction
for the appointment of a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding
upon the Parties.


 


Section
3.4 Compensation. Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached
hereto as Exhibit A, which compensation shall be paid by the Parties. The Parties agree that Parent shall be responsible
for fifty percent (50%) of the expenses or other amounts owed to Escrow Agent hereunder and the Stockholder shall be responsible
for the remaining fifty percent (50%) of the expenses or other amounts owed to Escrow Agent hereunder. The fee agreed upon for
the services rendered hereunder is intended as full compensation for Escrow Agent’s services as contemplated by this Escrow
Agreement; provided, however, that in the event that the conditions for the disbursement of funds under this Escrow
Agreement are not fulfilled, or Escrow Agent renders any service not contemplated in this Escrow Agreement, or there is any assignment
of interest in the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy
arises hereunder, or Escrow Agent is made a party to any litigation pertaining to this Escrow Agreement or the subject matter
hereof, then Escrow Agent shall be compensated for such extraordinary services and reimbursed for all reasonable costs and expenses,
including reasonable attorneys’ fees and expenses, occasioned by any such delay, controversy, litigation or event. Escrow
Agent shall have, and is hereby granted, a prior lien upon the Escrow Shares with respect to its unpaid fees, non-reimbursed expenses
and unsatisfied indemnification rights, superior to the interests of any other persons or entities and is hereby granted the right
to set off and deduct any unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights from the Escrow Shares.


 




    	 



    	 



    

 


Disagreements.
If any conflict, disagreement or dispute arises between, among, or involving any of the parties hereto concerning the meaning
or validity of any provision hereunder or concerning any other matter relating to this Escrow Agreement, or Escrow Agent is in
doubt as to the action to be taken hereunder, Escrow Agent is authorized to retain the Escrow Shares until Escrow Agent (a) receives
a final non-appealable order of a court of competent jurisdiction or a final non-appealable arbitration decision directing delivery
of the Escrow Shares (the “Final Decision” and such number of Escrow Shares to be delivered, the “Ordered Amount”),
(b) receives a written agreement executed by each of the parties involved in such disagreement or dispute directing delivery of
the Escrow Shares, in which event Escrow Agent shall be authorized to disburse the Escrow Shares in accordance with such final
court order, arbitration decision, or agreement, or (c) files an interpleader action in any court of competent jurisdiction, and
upon the filing thereof, Escrow Agent shall be relieved of all liability as to the Escrow Shares and shall be entitled to recover
attorneys’ fees, expenses and other costs incurred in commencing and maintaining any such interpleader action. Escrow Agent
shall be entitled to act on any such agreement, court order, or arbitration decision without further question, inquiry, or consent.


 


Section
3.6 Merger or Consolidation. Any corporation or association into which Escrow Agent may be converted or merged, or with
which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and
assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger,
consolidation or transfer to which Escrow Agent is a party, shall be and become the successor escrow agent under this Escrow Agreement
and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution
or filing of any instrument or paper or the performance of any further act.


 


Attachment
of Escrow Shares; Compliance with Legal Orders. In the event that any of the Escrow Shares shall be attached, garnished
or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment
or decree shall be made or entered by any court order affecting the Escrow Shares, Escrow Agent is hereby expressly authorized,
in its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered or issued,
or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the event
that Escrow Agent obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties or to any
other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or decree be subsequently
reversed, modified, annulled, set aside or vacated.


 


Force
Majeure. Escrow Agent shall not be responsible or liable for any failure or delay in the performance of its obligation
under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control,
including, without limitation, acts of God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances;
sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications
services; accidents; labor disputes; acts of civil or military authority or governmental action; it being understood that Escrow
Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as reasonably practicable under the circumstances.


 




    	 



    	 



    

 


ARTICLE
4

MISCELLANEOUS


 


Section
4.1 Successors and Assigns. This Escrow Agreement shall be binding on and inure to the benefit of the Parties and Escrow
Agent and their respective successors and permitted assigns. No other persons shall have any rights under this Escrow Agreement.
No assignment of the interest of any of the Parties shall be binding unless and until written notice of such assignment shall
be delivered to the other Party and Escrow Agent and shall require the prior written consent of the other Party and Escrow Agent
(such consent not to be unreasonably withheld).


 


Escheat.
The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances
escheat to the applicable state. Escrow Agent shall have no liability to the Parties, their respective heirs, legal representatives,
successors and assigns, or any other party, should any or all of the Escrow Shares escheat by operation of law.


 


Notices.
All notices, requests, demands, and other communications required under this Escrow Agreement (each, a “Notice”)
shall be in writing, in English, and shall be deemed to have been duly given if delivered (a) personally, (b) by facsimile transmission
with written confirmation of receipt, (c) by overnight delivery with a reputable national overnight delivery service, or (d) by
mail or by certified mail, return receipt requested, and postage prepaid. If any Notice is mailed, it shall be deemed given five
business days after the date such notice is deposited in the United States mail. Any Notice given shall be deemed given upon the
actual date of such delivery. If any Notice is given to a party, it shall be given at the address for such party set forth below.
It shall be the responsibility of the Parties to notify Escrow Agent and the other Party in writing of any name or address changes.
In the case of any Notice delivered to Escrow Agent, such Notice shall be deemed to have been given on the date received by the
Escrow Agent.


 


If
to the Stockholder: At the addresses provided on the signature pages hereto.


 


If
to PARENT or BUYER, addressed to:


 


DATARAM
CORPORATION


777
Alexander Road, Suite 100


Princeton,
New Jersey 08540


Attn:
Chief Executive Officer


 


Facsimile:
(609) 799-6734


With
a copy to:


Sichenzia
Ross Friedman Ference LLP


61
Broadway, 32nd Floor


New
York, New York 10006


Attn:
Harvey Kesner, Esq.


 


If
to STOCKHOLDER, addressed to:


 




    	 



    	 



    

 


If
to the COMPANY, addressed to:


 


U.S.
GOLD CORP.


1910
E. Idaho Street


Suite
102, Box 604


Elko,
NV 89801


Attn:
Chief Executive Officer


 


 Facsimile:




With
a copy to:


Laxague
Law, Inc.


1
East Liberty, Suite 600


Reno,
Nevada 89501


Attn:
Joseph Laxague, Esq.


If
to Escrow Agent:


 


Equity
Stock Transfer, LLC


237
W 37th Street, Suite 601


New
York, NY 10018


Attention:
Nora Marckwordt, Senior Operations Specialist


Facsimile:
(347) 584-3644


 


With
a copy to the Stockholder, if Parent is giving the Notice to Escrow Agent


 


With
a copy to Parent, if the Stockholder are giving the Notice to Escrow Agent


 


Section
4.4 Governing Law. This Escrow shall be governed by and construed in accordance with the laws of the State of New York
irrespective of any conflict of laws principles. The Parties hereby agree that any action or proceeding with respect to this Agreement
(and any action or proceeding with respect to any amendments or replacements hereof or transactions relating hereto) may be brought
only in a federal or state court located in New York, State of New York and having jurisdiction with respect to such action or
proceeding. Each of the parties hereto irrevocably consents and submits to the jurisdiction of such courts.


 


Section
4.5 Entire Agreement. This Escrow Agreement, together with the Merger Agreement, sets forth the entire agreement and understanding
of the parties related to the Escrow Shares.


 


Section
4.6 Amendment. This Escrow Agreement may be amended, modified, superseded, rescinded, or canceled only by a written instrument
executed by the Parties and Escrow Agent.


 


Section
4.7 Waivers. The failure of any party to this Escrow Agreement at any time or times to require performance of any provision
under this Escrow Agreement shall in no manner affect the right at a later time to enforce the same performance. A waiver by any
party to this Escrow Agreement of any such condition or breach of any term, covenant, representation, or warranty contained in
this Escrow Agreement, in any one or more instances, shall neither be construed as a further or continuing waiver of any such
condition or breach nor a waiver of any other condition or breach of any other term, covenant, representation, or warranty contained
in this Escrow Agreement.


 


Section
4.8 Headings. Section headings of this Escrow Agreement have been inserted for convenience of reference only and shall
in no way restrict or otherwise modify any of the terms or provisions of this Escrow Agreement.


 


Section
4.9 Counterparts. This Escrow Agreement may be executed in one or more counterparts, each of which when executed shall
be deemed to be an original, and such counterparts shall together constitute one and the same instrument. Counterparts delivered
by facsimile, e-mail or other electronic transmission shall be deemed to have the same legal effect as delivery of an original
signed copy of this Agreement.


 


[The
remainder of this page left intentionally blank.]


 




    	 



    	 



    

 


IN
WITNESS WHEREOF, this Escrow Agreement has been duly executed as of the date first written above.


 


	 	PARENT:
	 	 	 
	 	DATARAM CORPORATION
	 	 	 
	 	By:	 
	 	Name:	David
    A.Moylan
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	BUYER:
	 	 	 
	 	DATARAM ACQUISITION SUB, INC.
	 	 	 
	 	By:	 
	 	Name:	David
    A. Moylan
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	COMPANY:
	 	 	 
	 	U.S. GOLD CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ESCROW AGENT:
	 	 	 
	 	EQUITY STOCK TRANSFER LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	STOCKHOLDER:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Address:	 


 




    	 



    	 



    

 


EXHIBIT
A


FEES
OF ESCROW AGENT


 


Acceptance
Fee: $2,5000


 


Initial
Fees as they relate to Equity Stock Transfer acting in the capacity of Escrow Agent – includes creation and examination
of the Escrow Agreement; acceptance of the Escrow appointment; setting up of the Escrow Account.


 


Annual Administration Fee: waived



 


For
ordinary administration services by Escrow Agent – includes receiving, investing and disbursing funds pursuant to the requirements
set forth in the escrow agreement.


 


Fees
are due at the time of Escrow Agreement execution and annually thereafter. Fees will not be prorated in case of early termination.


 


Out-of-Pocket
Expenses At Cost


 


We
only charge for out-of-pocket expenses in response to specific tasks assigned by the client. Therefore, we cannot anticipate what
specific out-of-pocket items will be needed or what corresponding expenses will be incurred. Possible expenses would be, but are
not limited to, express mail and messenger charges, travel expenses to attend closing or other meetings.


 


There
are no charges for indirect-out-of-pocket expenses.


 


This
fee schedule is based upon the assumptions listed above which pertain to the responsibilities and risks involved in Equity Stock
undertaking the role of Escrow Agent. These assumptions are based on information provided to us as of the date of this fee schedule.
Our fee schedule is subject to review and acceptance of the final documents. Should any of the assumptions, duties or responsibilities
change, we reserve the right to affirm, modify or rescind our fee schedule. If the Account(s) does not open within three (3) months
of the date shown below, this proposal will be deemed null and void.


 




    	 



    	 



    

 


Annex
I


 


CLAIMS
NOTICE


 


Equity
Stock Transfer, LLC


237
W 37th Street, Suite 601


New
York, NY 10018


Attention:
Nora Marckwordt, Senior Operations Specialist


 


Ladies
and Gentlemen:


 


The
undersigned, pursuant to Section 1.3(a) of the Escrow Agreement, dated as of ______ ___ 2016, by and among Dataram Corporation,
a Nevada corporation (“Dataram”), Dataram Acquistion Sub, Inc., a Nevada corporation and wholly owned subsidiary
of Dataram (“Acquisition Corp.”), U.S. Gold Corp., a Nevada corporation (“U.S. Gold”), and
Copper King LLC, a principal stockholder of U.S. Gold (the “Stockholder”), and Equity Stock Transfer, LLC,
a Nevada limited liability company, as escrow agent (“Escrow Agent”), terms defined in the Escrow Agreement
have the same meanings when used herein), hereby certifies that Dataram is or may be entitled to indemnification pursuant to Articles
II and VIII of the Merger Agreement in an amount equal to $_______ (the “Claimed Amount”). Dataram further
certifies that the nature of the Claim is as follows: [__________].


 


Dated:
_______, 20__.


 


	Dataram Corporation	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	cc:	Copper
    King LLC	 


 




    	 



    	 



    

 


Annex
II


 


RESPONSE
NOTICE


 


Equity
Stock Transfer, LLC


237
W 37th Street, Suite 601


New
York, NY 10018


Attention:
Nora Marckwordt, Senior Operations Specialist


 


Ladies
and Gentlemen:


 


The
undersigned (the “Stockholder”), pursuant to Section 1.3(b) of the Escrow Agreement, dated as of ________
___, 2016 by and among Dataram Corporation, a Nevada corporation (“Dataram”), Dataram Acquistion Sub, Inc.,
a Nevada corporation and wholly owned subsidiary of Dataram (“Acquisition Corp.”), U.S. Gold Corp., a Nevada
corporation (“U.S. Gold”), and Copper King LLC, a principal stockholder of U.S. Gold (the “Stockholder”),
and Equity Stock Transfer, LLC, a Nevada limited liability company, as escrow agent (“Escrow Agent”), (terms
defined in the Escrow Agreement have the same meanings when used herein), hereby:


 


(a)
concede liability [in whole for] [in part in respect of $____ of] the Claimed Amount (the “Conceded Amount”),
referred to in the Claims Notice dated ________, 20__; [and] [or]


 


(b)
deny liability [in whole for] [in part in respect of $____ of] the Claimed Amount referred to in the Claims Notice dated _________,
20__.


 


Attached
hereto is a description of the basis for the foregoing.


 


Dated:
_______, 20__.


 


	Copper King LLC	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	cc:	Dataram
    Corporation	 


 




    	 



    	 



    

 


Annex
III


 


CONCEDED
AMOUNT NOTICE


 


Equity
Stock Transfer, LLC


237
W 37th Street, Suite 601


New
York, NY 100189


Attention:
Nora Marckwordt, Senior Operations Specialist


 


Ladies
and Gentlemen:


 


The
undersigned (the “Stockholder”), pursuant to Section 1.3(b) of the Escrow Agreement, dated as of ________
___, 2016 by and among Dataram Corporation, a Nevada corporation (“Dataram”), Dataram Acquistion Sub, Inc.,
a Nevada corporation and wholly owned subsidiary of Dataram (“Acquisition Corp.”), U.S. Gold Corp., a Nevada
corporation (“U.S. Gold”), and Copper King LLC, a principal stockholder of U.S. Gold (the “Stockholder”),
and Equity Stock Transfer, LLC, a Nevada limited liability company, as escrow agent (“Escrow Agent”), (terms
defined in the Escrow Agreement have the same meanings when used herein), hereby jointly:


 


(a)
certify that [a portion of] the Claimed Amount with respect to the matter described in the attached in the amount of $[________]
(the “Conceded Amount”) is owed to [________]; and


 


(b)
instruct you to promptly pay to [________] from the Escrow Shares [insert amount pursuant to paragraph (a)] as soon as practicable
following your receipt of this notice and, in any event, no later than five (5) business days following the date hereof.


 


Dated:
_______, 20__.


 


	Dataram Corporation	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	Copper King LLC	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title: