LOAN AGREEMENT


 


THIS LOAN AGREEMENT (this “Agreement”)
is made this ____ day of _________, 20__ by and between California Gold Corp., a Nevada corporation (“Borrower”) with
a principal place of business at 6830 Elm Street, McLean, VA 22101, and _________________ (“Lender”), an individual
with a residence at _____________________________________________________.


 


WITNESSETH:


 


WHEREAS, to provide Borrower with sufficient
working capital to enable Borrower to fulfill its accounting obligations incident to its business, Lender has agreed to provide
Borrower with a temporary loan in the principal amount of $_______.


 


NOW, THEREFORE, in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and
Lender, intending to be legally bound, agree as follows:


 


ARTICLE I – LOAN


 


1.1. Loan. Lender agrees, on the
terms and conditions of this Agreement, to make a loan to Borrower in the amount of ________________________ Dollars ($_______)
(the “Loan”).


 


1.2. Interest and Repayment. The
Loan shall bear interest at the rate of 10% per annum and shall be repaid in full, together with all accrued and unpaid interest,
on or before ________ __, 20__.


 


ARTICLE II - MISCELLANEOUS


 


2.1.
Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the
respective heirs, legal representatives, successors and assigns of the parties.


 


2.2.
Governing Law/Venue. This Agreement shall be governed by and construed under the laws of the State of New York as applied
to agreements entered into and to be performed entirely within New York. Any dispute or controversy concerning or relating to this
Agreement shall be exclusively resolved in the federal or state courts located in the City, County and State of New York.


 


2.3.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.


 


2.4. Amendments and Waivers. Any
term of this Agreement may be amended and the observance of any term may be waived (either generally or in a particular instance
and either retroactively or prospectively), only with the written consent of the Borrower and the Lender.


 




    	 



    	 



    

 


2.5. Notices. All communications
under this Agreement shall be in writing and shall be deemed to be duly given and received: (i) upon delivery if delivered personally
or upon confirmed transmittal if by facsimile; (ii) on the next Business Day (as hereinafter defined)
if sent by overnight courier; or (iii) four (4) Business Days after mailing if mailed
by prepaid registered mail, return receipt requested, to the appropriate notice address set forth above or at such other address
as any party hereto may have furnished to the other parties in writing by registered mail, return receipt requested.



 


“Business Day” shall mean any
day other than a Saturday, Sunday or any other day on which Citibank is authorized or required by law or executive order to remain
closed.


 


IN WITNESS WHEREOF, the undersigned have
executed, or caused to be executed on their behalf by an agent thereunto duly authorized, this Agreement as of the date first above
written.


 


	 	BORROWER:
	 	 
	 	CALIFORNIA GOLD CORP.
	 	 	 
	 	By:	 
	 	Name: James Davidson
	 	Title: President, Treasurer, Chief Executive
	 	Officer, Chief Financial Officer and
	 	Director
	 	 
	 	LENDER:
	 	 
	 	 
	 	Name:


 




    	 



    	 



    

 


Schedule of Lenders


 


Note: For the Exhibit listed in the first column below,
only the form of loan agreement has been filed as an exhibit to the Registrant's Form S-1 registration statement. This Schedule
provides detail as to the actual loan agreements executed under the form filed as an exhibit and lists the material details in
which each such instrument differs from the form of document filed.


 


	Exhibit
 No.	 	 	Agreement	 	Name of Holder to Whom
 Instrument was Issued	 	 	Date of
 Agreement	 	 	Maturity
 Date	 	Amount of
 Note	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10.9	 	 	10% Promissory Note Loan Agreement	 	Michael Baybak	 	 	12/10/2009	 	 	12/10/2010	 	$	2,500	 
	 	 	 	 	 	James Davdison	 	 	12/10/2009	 	 	12/10/2010	 	$	2,500	 
	 	 	 	 	 	Barry Honig	 	 	12/10/2009	 	 	12/10/2010	 	$	2,500	 
	 	 	 	 	 	Gottbetter Capital Group, Inc.	 	 	12/10/2009	 	 	12/10/2010	 	$	2,500	 
	 	 	 	 	 	Michael Baybak	 	 	3/5/2010	 	 	3/5/2011	 	$	3,000	 
	 	 	 	 	 	James Davdison	 	 	3/5/2010	 	 	3/5/2011	 	$	3,000	 
	 	 	 	 	 	Barry Honig	 	 	3/22/2010	 	 	3/22/2011	 	$	3,000	 
	 	 	 	 	 	Gottbetter Capital Group, Inc.	 	 	3/23/2010	 	 	3/23/2011	 	$	2,500