Document:

EMPLOYMENT AGREEMENT

 

This Employment Agreement (the “Agreement”)
is made as of the 19th day of February 2013 between Joseph Rosamilia (“Employee”) and Standard Gold, Inc., hereinafter
referred to as (“SDGR” or the “Company”), who are hereinafter sometimes collectively referred to as “the
parties” or singularly as a “party.”

 

WITNESSETH

 

WHEREAS, SDGR desires to memorialize
the employment of Joseph Rosamilia by SDGR upon the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein, the parties hereto agree as follows:

 

1. Employment Services. SDGR
hereby agrees to employ the Employee as Chief Financial Officer and Employee hereby accepts such position under the terms and
conditions set forth herein. Employee shall be subject to all the usual and customary office policies and procedures of the Company
as may from time to time be established for Employees of similar grade and position.

 

2. Duties. Employee shall be retained
by SDGR. During the Term of this Agreement, the Employee shall serve as the Chief Financial Officer of the Company and may also
serve as such for each of its subsidiaries unless otherwise set forth in corporate documents, employment agreements with other
employees or public filings. Employee shall carry out all assignments as directed by SDGR. In addition, Employee’s responsibilities
include those as a financial planner and analyst, including preparation of financial statements, reports and disclosure documents
and coordination with any outside accountant or auditor in the preparation of any regulatory disclosure documents and preparation
and analyzing or preparing budgets for expansions, future projects, acquisitions or research which may involve handling press and
public relations, accounting overseer which includes review and payment of expense reports and all other expenses and monitoring
income of the Company and its subsidiaries and shall be responsible for such other duties as are usual and typical for an employee
of a company in similar positions and for the faithful discharge of such different or additional duties as may be reasonably established
by management or the Board of Directors. Employee shall review all communication the Company has with outside parties that may
affect any and all existing and future investments and funding to the Company. The Employee shall, if so requested by the Company,
also serve with or without additional compensation, as an officer, director or manager of entities from time to time directly or
indirectly owned or controlled by the Company (each an “Affiliate,” or collectively, the “Affiliates”).

 

3. Term. The term of the employment
shall be for a Three (3) year period commencing on February 1, 2013 and ending on January 31, 2016 (the “Term”), unless
sooner terminated by the Company or the Employee in accordance with the terms of this Agreement or pursuant to Section 6 below.

 

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4. Extent of Services. The Employee
shall devote substantial time, attention and energy to his duties hereunder and shall use his best efforts to promote the business
of SDGR and/or its subsidiaries during the Term of this Agreement. The Employee may engage in other activities, such activities
including serving on the Board of Directors of other corporations/organizations, and/or advising other corporations/organizations
in each case to the extent that such activities do not materially detract from or limit the performance of the Employee’s
duties under this Agreement, or inhibit in any material way the business of SDGR and/or its subsidiaries. The Employee will engage
in no activity, paid or otherwise, for a competitor of SDGR so long as this Agreement is in effect. Employee may invest his assets
in such manner as will not require any services to be performed on his part in the operation or affairs of the companies in which
such investments are made, but only if such investments are consistent with this Agreement. The Employee shall perform all duties
in a professional, ethical and businesslike manner.

 

5. Compensation and Benefits. As
compensation for his services hereunder, during the Term of the Agreement, SDGR agrees:

 

		a)	To pay Employee Five Thousand Dollars ($5,000.00) per month from February 2013 to April 2013 and
Seven Thousand Five Hundred Dollars ($7,500.00) per month from May 2013 to January 2014. The Parties will negotiate the salary
for the remainder of the Employee’s Term in December 2013.

 

		b)	To make payments to Employee under Section 5 a) and b) monthly in cash.

 

		c)	To grant Employee common stock purchase warrants for the purchase of an aggregate of One Million
Five Hundred Thousand (1,500,000) shares of common stock of the Company (the “Warrants”). The Warrants shall vest quarterly
in increments of One Hundred Twenty-Five Thousand (125,000) shares throughout the Term of the Agreement. The first vesting shall
occur upon the execution of this Agreement. The exercise price of the Five Hundred Thousand (500,000) warrants vesting in year
One (1) is Twenty Cents ($0.20). The exercise price of the remaining One Million (1,000,000) warrants vesting in years Two (2)
and Three (3) is Fifty Cents ($0.50). If the Company files a registration statement at any time while the Warrants are exercisable,
the shares purchasable under the Warrants will be included in such registration statement. The Warrants will be exercisable for
Seven (7) years from the date of this Agreement.

 

		d)	To pay annual bonuses, if any bonuses are payable during the Term, which shall be determined by
the Company, in its sole discretion, in an amount and upon such other performance criteria as shall be fixed by the board of directors
based upon the performance of the Employee and the Company during the same period.

 

		e)	Employee shall be included in any pension plan in effect as of the date of this Agreement or affected
thereafter. Employee’s participation as described in the sentence immediately preceding shall be in relation to Employee’s
annual compensation as compared to any other individual’s participation based upon his annual compensation at the time of
this Agreement.

 

		f)	SDGR will reimburse Employee for his direct expenses in connection with his duties hereunder including,
but not limited to, reasonable travel, entertainment and hotel expenses up to Four Hundred Dollars ($400.00) per month. Any expenses
in excess of Four Hundred Dollars ($400.00) in one month must be pre-approved by the Company in writing. Employee shall timely
provide such receipts and other documentation of his expenses before any reimbursements will be paid.

 

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6. Termination. This Agreement shall
be terminated upon the happening of any of the following:

 

		a)	at the cessation of SDGR business activities except as a result of a sale or merger;

 

		b)	upon the mutual consent of the parties hereto;

 

		c)	upon the death of Employee;

 

		d)	the terminatation of this Agreement for any reason or no reason by either party upon Thirty (30)
days prior written notice to the other party. However, Employee cannot terminate this Agreement during a Restricted Period. A “Restricted
Period” shall mean the Thirty (30) day period immediately preceding the due date of a quarterly regulatory filing and the
Sixty (60) day period immediately preceding the due date of an annual regulatory filing.

 

7. Covenant not to Compete. Employee
hereby covenants and agrees that during the Term of this Agreement and for a period of One (1) year after termination of such Agreement
hereunder:

 

		a)	Employee will not in any way, directly or indirectly, solicit, divert, take away or accept, the
business of any of the customers of SDGR during the Term of this Agreement for the purpose of selling to any such customer any
product or service which was provided or offered by during the Term of this Agreement hereof; and

 

		b)	Employee will not directly or indirectly, attempt or seek to cause any of the foregoing customers
of SDGR to refrain from maintaining or acquiring from or through SDGR any products or services, which were provided or offered
by SDGR during the Term hereof, and will not assist any other person or persons to do so. Employee agrees that telephonic or written
communication by him to any of the customers described above shall constitute activity by Employee for the purposes of this Agreement.

 

		c)	Employee will not in any way, directly or indirectly solicit, divert, take away or accept the business
of any of the suppliers or services providers that were engaged by SDGR during the Term of this Agreement.

 

		d)	Employee will not, directly or indirectly, attempt to seek to cause any of the foregoing suppliers
or service providers of SDGR to refrain from selling to, servicing or supplying SDGR with any product or service which was provided
or offered to SDGR during the Term hereof, and will not assist any other person or persons to do so. Employee agrees that telephonic
or written communication by him to any of the suppliers or services providers described above shall constitute activity by Employee
for the purposes of this Agreement.

 

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8. Non – Disclosure.
Employee acknowledges that, in order for Employee to effectively perform his duties hereunder SDGR will disclose to Employee
certain valuable trade secrets and confidential business information that has been created, discovered or developed by, or that
otherwise has become known to SDGR as a result of substantial effort, expense and time incurred by SDGR or which has been assigned
or otherwise conveyed. In light of such acknowledgement, Employee hereby agrees as follows:

 

		a)	Trade Secrets. Employee hereby acknowledges that certain processes, formulas and mechanisms
used by SDGR in its operation of its business, are not generally known to the public or to other persons engaged in businesses
similar to its business and, as such constitute its trade secrets. Employee hereby agrees never to directly or indirectly disclose
or use, or assist anyone else in disclosing or using such trade secrets to any person or entity other than as authorized in the
regular course of the performance of this Agreement.

 

		b)	Confidential Information. Employee hereby agrees that during the Term of this Agreement
and for a period of One (1) year following termination of such employment, Employee will not divulge, disclose or make accessible
to any person or entity the following confidential business information of SDGR (i) marketing plans, strategies and forecasts;
(ii) financial statements, budgets, prices, costs and financial projections; (iii) customer names, addresses and contact persons;
and (iv) suppliers and service providers and the details of their business agreements.

 

9. Property of SDGR.
Employee agrees that upon termination of this Agreement, he will promptly deliver to SDGR all written and other materials in
his possession or control which contain any of the trade secrets and confidential business information described in this Agreement
and all other property of SDGR in his possession or control at such time, which was obtained from SDGR or complied or produced
for SDGR during the terms of this Agreement, including, but not limited to, records, data, plans, programs, program listings, flow
charts, record layouts, computer printouts, magnetic tapes, diskettes, disks, card decks, letters and customer lists with exception
of personal diaries.

 

10. Non-solicitation
of Employees. During the Term of this Agreement and for One (1) year thereafter, Employee shall not hire or solicit for employment
directly or through or on behalf of any party, any persons who are then employees of SDGR.

 

11. Relations with
Third Parties and Representations of the Parties.

 

		a)	Employee agrees that SDGR may make known to others, either during or subsequent to the Term of
this Agreement, the existence of this Agreement and the provisions of all or any part hereof.

 

		b)	Employee represents and warrants that:

 

		i)	He is not in violation of any term of any employment contract, patent or other proprietary information
disclosure agreement of any other contract, agreement or any judgment, decree or order of any court or administrative agency relating
to or affecting his right to be retained by SDGR because of the nature of this business conducted or proposed to be conducted by
SDGR or for any other reasons;

 

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		ii)	No such term, judgment, decree or order conflicts with his obligation to use his best efforts to
promote the interests of SDGR nor does the execution and delivery of this Agreement, nor the carrying on of SDGR business conflict
with any such term, judgment, decrees or order; and

 

		iii)	Neither he nor any of his affiliates (as that term is defined under the Securities Act of 1933)
are a party to any transaction, agreement or understanding to which SDGR is also a party except this Agreement or any agreement
executed hereunder, nor does he or any of his affiliates have any interest in any person or entity with whom SDGR does or intends
to do business.

 

		c)	SDGR hereby makes the following representations in connection with this Agreement:

 

		i)	SDGR is a corporation duly organized and validly existing by virtue of the laws of the state of
its incorporation and is in good standing under the laws thereof.

 

		ii)	The execution of this Agreement by SDGR and the performance by it of the covenants and undertakings
hereunder have been duly authorized by all requisite corporate action, and approved by the Board of Directors and SDGR has the
corporate power and authority to enter into this Agreement and perform the covenants and undertakings to be performed by it hereunder
and is under no other impediment which would adversely affect its ability to consummate or prohibit it from meeting its obligation
hereunder.

 

		iii)	This Agreement has been duly authorized, executed and delivered by SDGR and constitutes a valid
and legally binding obligation of SDGR enforceable in accordance with its terms.

 

12. Remedies, Survival,
and Severability.

 

		a)	SDGR and Employee agree that in the event of breach of any of the covenants, agreements or obligations
under Sections 4, 7, 8, 9, 10 and 11 thereof, remedies at law would be inadequate and either party may seek injunctive relief as
well as damages.

 

		b)	The covenants, agreements, representations, warranties and obligations contained in Sections 4,
7, 8, 9, 10 and 11 hereof shall survive the termination of this Agreement for the periods herein set forth.

 

		c)	Each of the covenants, agreements and obligations contained in Sections 4, 7, 8, 9, 10 and 11 hereof
shall be independent and severable from the others and should any be for any reason held illegal, invalid or unenforceable in whole
or in part, said illegality, invalidity or unenforceability shall not affect the other covenants, agreements and obligations in
said Sections.

 

		d)	In the enforcement of their rights hereunder, SDGR and Employee shall return all of their rights
under law or in equity to enforce the obligations of the other party hereunder or otherwise, and to seek relief for the acts of
the other party subject to the terms of this Agreement.

 

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13. Miscellaneous.

 

		a)	This Agreement embodies the entire agreement of the parties hereto relating to the subject matter
hereof. No amendment, modification, waiver or attempted waiver of this Agreement or any part hereof shall be valid or binding unless
made in writing and signed by both parties.

 

		b)	The validity and effect of this Agreement shall be governed by and construed and enforced in accordance
with the laws of New York. The parties hereto irrevocably accept and submit to the exclusive jurisdiction of any State or Federal
Court of record located in New York County, New York, in any action or proceeding out of or relating to the enforcement of its
obligations hereunder.

 

		c)	Any notice required or permitted to be given pursuant to this Agreement shall be sufficiently given
when delivered or if sent by Certified mail postage prepaid, return receipt requested, on the third day after such mailing, to
the following address:

 

If to Standard Gold, Inc.:

 

611 Walnut Street

Gadsden, Alabama 35901

 

With a copy to Standard Gold’s
counsel:

 

Brinen & Associates, LLC

7 Dey Street, Suite 1503

New York, New York 10007

 

If to Employee:

 

At the address set forth on
the signature page

 

or, as to each
party, at such other address as shall be designated by such party in a written notice to the other parties pursuant to the terms
of this section.

 

		d)	This Agreement may be executed in one or more counterparts, each of which shall be deemed to be
original, but all of which together shall constitute one and the same instrument.

 

		e)	The headings of the sections and subsections hereof have been inserted as a matter of convenience
and shall not be used in the interpretation of any provisions of this Agreement.

 

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		f)	The failure of either party hereto in any one or more instances to insist upon the performance
of any of the terms or conditions of this Agreement, or to exercise any rights or privileges conferred in this Agreement or the
waiver by either party of any breach of any of the terms, covenants or conditions of this Agreement shall not be construed as thereafter
waiving any such terms, conditions, rights, privileges or covenants, and the same shall continue and remain in full force and effect
as if no such forbearance or waiver had occurred.

 

		g)	Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable
the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions
of this Agreement in any other jurisdiction. Further, to the extent that any term or provision hereof is deemed invalid, void or
otherwise unenforceable, but may be made enforceable by amendment thereto, the parties agree that such amendment may be made so
that the same shall, nevertheless, be enforceable to the fullest extent permissible under the laws and public policies applied
in any such jurisdiction in which enforcement is sought.

 

[SIGNATURE PAGE TO FOLLOW]

 

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IN WITNESS WHEREOF, the
parties hereto have executed this Agreement under their seals as of the date and year first written above.

 

	The Company:	 	The Employee:
	Standard Gold, Inc.	 	Joseph Rosamilia
	 	 	 	 	 
	By:	/s/ Sharon Ullman	 	By:	/s/ Joseph Rosamilia
	 	 	 	 	 
	Name:	Sharon Ullman	 	Address:	 
	 	 	 	 	 
	Title:	Chief Executive Officer	 	 	 

 

 

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Addendum to Employment Agreement

 

This Addendum (“Addendum”)
is executed as of April 1, 2014 to supplement and correct the February 19, 2013 Employment Agreement (“Employment Agreement”)
executed between Joseph Rosamilia (the “Employee”) and Standard Metals Processing, Inc. (the “Company”)
(formerly known as Standard Gold Holdings, Inc.). The parties agree as follows:

 

Section 5 c) shall be amended to cancel
One Million (1,000,000) of the One Million Five Hundred Thousand (1,500,000) common stock purchase warrants (“Warrants”)
vesting in years Two (2) and Three (3). All Warrants under the Employment Agreement have vested.

 

The Parties also agree that the Warrants
granted under the Employment Agreement are compensatory. All Warrants granted under the Employment Agreement expire on February
19, 2020.

 

The Five Hundred Thousand (500,000) Warrants
granted under the Employment Agreement may not be canceled or amended without the written consent of both parties hereto.

 

All other terms of the Employment Agreement
shall remain unchanged and in effect.

 

	Employee:	 
	Joseph Rosamilia	 
	 	 	 
	By:	/s/ Joseph Rosamilia	 
	 	 
	The Company:	 
	Standard Metals Processing, Inc.	 
	 	 	 
	By:	/s/ Tina Gregerson	 
	Tina Gregerson	 
	Compensation Committee Chairwoman	 
	 	 	 
	By:	/s/ Sharon Ullman	 
	Sharon L. Ullman	 
	Compensation Committee Member	 
	 	 	 
	By:	/s/ Michael Markiewicz	 
	Michael Markiewicz	 
	Compensation Committee Member	 

 

    	9SETTLEMENT AND RELEASE AGREEMENT

 

This Settlement and Release
Agreement (this “Agreement”) is entered into as of October 10, 2013 (“Effective Date”) by and among Standard
Gold Holdings, Inc. (f/k/a Standard Gold, Inc. and Princeton Acquisitions, Inc.), a Nevada corporation with its principal place
of business at 611 Walnut Street, Gadsden, Alabama 35901 (the “Company”), and Pure Path Capital Management Company,
LLC (“Creditor”) (collectively the “Parties”).

 

WITNESSETH:

 

WHEREAS, Creditor is
entitled to Three Million Four Hundred Thirty-Three Thousand Three Hundred Forty-Five Dollars ($3,433,345) composed of various
debts owed by the Company;

 

WHEREAS, Creditor is
entitled to Twenty-Five Million (25,000,000) warrants to purchase shares of common stock of the Company (the “Warrants”);

 

WHEREAS, Creditor is
the holder of certain restrictive covenants detailed in a forbearance agreement;

 

WHEREAS, Company wishes
to issue shares of restricted common stock in exchange for the cancellation of a portion of the debts, forfeiture of the Warrants
and release of the restrictive covenants;

 

WHEREAS, the Creditor
wishes to memorialize the balance of the debts in a single Secured Convertible Promissory Note;

 

NOW, THEREFORE, in consideration
of the several and mutual promises, agreements, warranties, representations and covenants contained in this Agreement, and for
other good and valuable consideration, the receipt and the sufficiency of which are hereby acknowledged, the Parties do hereby
agree as follows:

 

1.          As
material inducement to enter into this Agreement, each Party hereby waives, remits, discharges and forever releases all Parties,
its/their directors, officers, stockholders, advisory committee members, employees, agents, attorneys, subsidiaries, successors,
and affiliates, and their successors and assignees, from any and all manner of claims, liens, demands, liabilities, causes of action,
charges, complaints, suits, judicial, administrative, or otherwise, damages, debts, and obligations of any nature, whether at law
or in equity, and whether sounding in contract, tort, statute, regulation, or common law. This Agreement expressly represents a
complete and absolute extinguishment of all known and unknown claims, including any and all debts owed by the Company to the Creditor
other than those debts identified herein and memorialized by the Promissory Note.

 

2.          The
Company shall issue to Creditor a Promissory Note in the amount of $2,500,000 of which $1,933,345 has been received, bearing interest
of Eight Percent (8%) per year, as evidenced by Exhibit A. The Promissory Note shall be convertible into Series B Preferred Shares.

 

3.          The
Company shall issue Twenty-Seven Million (27,000,000) shares of common stock of the Company to the Creditor; as set forth below:

 

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a.           Fifteen
Million (15,000,000) shares for the cancellation of One Million Five Hundred Thousand Dollars ($1,500,000) of the debts owed to
the Creditor.

 

b.           Twelve
Million (12,000,000) shares for the forfeiture of the Warrants and extinguishment of the restrictive covenants.

 

4.          The
Creditor hereby relinquishes and releases the Company from the following covenants and rights of the Creditor:

 

a.           Creditor
relinquishes and releases any claims to Twenty-Five Million (25,000,000) earned but not issued Warrants.

 

b.           Creditor
relinquishes and releases any “Participation Payments” earned, yet to be earned, or unpaid pursuant to its agreement
executed on or around January 4, 2012 (“Agreement in Principle”). Such Participation Payments were to be received on
a quarterly basis for seven years after the final closing at a rate of Five Percent (5%) of adjusted gross revenue as such terms
are defined in Agreement in Principle.

 

c.           Creditor
relinquishes the collection of past Consulting Fees of approximately Five Hundred Fifty Thousand Dollars ($550,000) and payment
of future Consulting Fees for Twenty-Four (24) months of an estimated Six Hundred Thousand Dollars ($600,000).

 

d.           Creditor
represents it will forbear collection remedies and legal proceedings against the Company including foreclose on the Deed of Trust
until April 10, 2015.

 

e.           Creditor
relinquishes and releases any registration rights not specifically granted herein or in the Series B Preferred Shares.

 

f.            Creditor
relinquishes and releases any rights of first refusal it may hold not specifically granted herein.

 

g.           Creditor
relinquishes and releases any tag along rights it may hold not specifically granted herein.

 

h.           Creditor
relinquishes and releases any preemptive rights it may hold not specifically granted herein.

 

i.            Creditor
relinquishes and releases any exclusive worldwide rights it may hold pertaining to financing and joint ventures not specifically
granted herein.

 

j.            Creditor
relinquishes and releases the negative covenants contained in the following items: 1: additional indebtedness; 2: acquisitions
and investments; 6: transactions with affiliates; 7: debt service coverage ratio; 8: asset coverage ratio; 9: fixed asset turnover
ration; 10: issue new stock of any kind, declare a dividend or stock split or be involved in any recapitalization; 11: redemption
of any outstanding common stock; 12: acquire or merge with another business, or enter a new line of business; 13: organize a new
subsidiary, joint venture or affiliate; 14: change the corporate structure or amend the Bylaws or Articles of Incorporation; and
16: increase compensation or remuneration to any officer or director of the Issuer, or make loans to any officer or director without
the affirmative vote of the majority members of a Compensation Committee of the Board of Directors which will comprise at least
one representative chosen by Investor. (Capitalized terms not defined herein are set forth in the Agreement in Principle.)

 

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5.          Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors
and permitted assigns.

 

6.          Integrated
Agreement. This Agreement represents the final understanding of the Parties with respect to the subject matter hereof and supersedes
all prior or contemporaneous, written or oral, memoranda, arrangements, contracts, or understandings between or among the Parties
relating to such subject matter. No addition to or modification of any provision of this Agreement shall be binding upon any entity
unless embodied in a dated written instrument signed by each of the Parties.

 

7.          Severability.
In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality, and enforceability of the remaining provisions or obligations, or of such provision or obligation, shall not
in any way be affected or impaired thereby in any other jurisdiction.

 

8.          Notices.
Any notice required or permitted to be given pursuant to this Agreement shall be sufficiently given when delivered or if sent by
Certified mail postage prepaid, return receipt requested, on the third day after such mailing, to the following address: If to
the Company: Standard Gold Holdings, Inc., 611 Walnut St., Gadsden Alabama 35901; with a copy to the Company’s legal counsel:
Brinen & Associates, LLC, 7 Dey St. Suite 1503, New York, New York, 10007. If to Creditor: at the address listed on the signature
page below. Or, as to each party, at such other address as shall be designated by such party in a written notice to the other parties
pursuant to the terms of this section.

 

9.          Execution
in Counterparts. This Agreement may be executed by the Parties in separate counterparts, each of which when so executed shall
be deemed to be an original and both of which when taken together shall constitute one and the same agreement.

 

10.         Applicable
Law. The laws of the State of New York shall govern all questions concerning the construction, validity, interpretation of
this Agreement, and the performance of the obligations imposed by this Agreement. All parties to this Agreement hereby consent
and submit to the exclusive jurisdiction of the state or federal courts located in New York County, New York, to resolve any disputes
arising under this Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

 

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IN WITNESS WHEREOF,
the Parties hereto have caused this Agreement to become effective as of the date and year first written above.

 

	The Company:	 	The Creditor:
	Standard Gold Holdings, Inc.	 	Pure Path Capital Management Company, LLC
	 	 	 	 	 
	By:	/s/ Sharon Ullman	 	By:	/s/ Michael Markiewic
	Sharon Ullman	 	 	 
	Chief Executive Officer	 	Name:	Michael Markiewicz
	 	 	 	 
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	 	Address:	5348 Vegas Drive, Suite 623
	 	 	 	 
	 	 	 	Las Vegas, Nevada 89108

 

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