Document:

Exhibit
10.2

 

ACCOUNTS
RECEIVABLE Line of Credit NOTE

 

July
6, 2015

 

$10,000,000.00

 

For
value received, the undersigned H.D.D. LLC, a California limited liability company (the "Borrower"), promises
to pay to the order of Bank of the West (together with its successors and assigns, the "Lender"), the principal amount
of up to Ten Million Dollars and Zero Cents ($10,000,000.00) on or before July 31, 2016 (the "Expiration
Date"), as set forth below. The aggregate principal balance outstanding shall bear interest, and interest shall be payable,
in accordance with that certain Interest Rate Election Rider, attached hereto and made a part hereof (the "Interest Rate
Election Rider").

 

On
terms and conditions as set forth herein, the Borrower may request advances (each an “Advance”) from time to time
from the date hereof to the Expiration Date of this Note (the “Accounts Receivable Line of Credit”), provided that
no Advance shall be made if at the time of or following such Advance, the aggregate amount of all Advances outstanding hereunder
exceeds the Borrowing Base (as defined in the Loan Agreement). Within the foregoing limits, the Borrower may borrow, partially
or wholly prepay, and reborrow as described herein. Each Advance shall be conclusively deemed to have been made at the request
of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Lender or
(ii) when paid in accordance with the Borrower's written instructions. Subject to the requirements herein, and provided such request
is made in a timely manner as provided below, Advances shall be made by the Lender under the Accounts Receivable Line of Credit.

 

This
Note is entered into in connection with one or more certain Loan and Security Agreements or Loan Agreements, dated of even date
herewith (each a "Loan Agreement" and collectively, the "Loan Agreements") between the Borrower and the Lender,
and any capitalized terms not defined herein shall have the meanings given to them in the Loan Agreements.

 

If
at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base (as defined
in the Loan Agreement), the Borrower hereby promises and agrees, immediately upon written or telephonic notice from the Lender,
to pay to the Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing
Base. On the Expiration Date, the Borrower hereby promises and agrees to pay to the Lender in full the aggregate unpaid principal
amount outstanding, together with all accrued and unpaid interest and all other fees and charges owing to the Lender under this
Note.

 

Principal
and interest shall be payable at the Lender's main office or at such other place as the Lender may designate in writing in immediately
available funds in lawful money of the United States of America without set-off, deduction or counterclaim. Interest shall be
calculated on the basis of actual number of days elapsed and a 360-day year. If interest is not paid as and when it is due, it
shall be added to the principal, become and be treated as a part thereof, and shall thereafter bear like interest.

 

“Business
Day” shall mean a day, other than a Saturday or Sunday, on which commercial banks are open for business in California.

 

At
the option of the Lender, this Note shall become immediately due and payable upon default of any liability, obligation, covenant
or undertaking of the Borrower hereunder or the occurrence at any time of an Event of Default under the Loan Agreement.

 

Any
payments received by the Lender on account of this Note shall, at the Lender's option, be applied first, to accrued and unpaid
interest; second, to the unpaid principal balance, then any fees, or charges then owed to the Lender by the Borrower; with payments
being applied to installments remaining due in such order and amounts as the Lender may determine in its discretion. Notwithstanding
the foregoing, any payments received after the occurrence and during the continuance of an Event of Default shall be applied in
such manner as the Lender may determine. The Borrower hereby authorizes the Lender to charge any deposit account which the Borrower
may maintain with the Lender for any payment required hereunder without prior notice to the Borrower.

 

    	 

    	 

    

 

If
pursuant to the terms of this Note, the Borrower is at any time obligated to pay interest on the principal balance at a rate in
excess of the maximum interest rate permitted by applicable law for the loan evidenced by this Note, the applicable interest rate
shall be immediately reduced to such maximum rate and all previous payments in excess of the maximum rate shall be deemed to have
been payments in reduction of principal and not on account of the interest due hereunder. More specifically, if from any circumstances
whatsoever, fulfillment of any provision of this Note or any other loan document excuted and delivered in connection with this
Note, at the time performance of such provision becomes due, would exceed the limit on interest then permitted by any applicable
usury statute or any other applicable law, the Lender may, at its option (a) reduce the obligations to be fulfilled to such limit
on interest, or (b) apply the amount in excess of such limit on interest to the reduction of the outstanding principal balance
of the obligations, and not to the payment of interest, with the same force and effect as though Borrower had specifically designated
such sums to be so applied to principal and Lender had agreed to accept such extra payments(s) as a premium-free prepayment, so
that in no event shall any exaction be possible under this Note or any other loan document that is in excess of the applicable
limit on interest. It is the intention of Borrower and Lender that the total liability for payments in the nature of interest
shall not exceed the limits imposed by any applicable state or federal interest rate laws. The provisions of this paragraph shall
control every other provision of this Note, and any provision of any other loan document in conflict with this paragraph.

 

The
Borrower represents to the Lender that the proceeds of this Note will not be used for personal, family or household purposes or
for the purpose of purchasing or carrying margin stock or margin securities within the meaning of Regulations U and X of the Board
of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

 

The
Borrower grants to the Lender a continuing lien on and security interest in any and all deposits or other sums at any time credited
by or due from the Lender to the Borrower and any cash, securities, instruments or other property of the Borrower in the possession
of the Lender, whether for safekeeping or otherwise, or in transit to or from the Lender (regardless of the reason the Lender
had received the same or whether the Lender has conditionally released the same) as security for the full and punctual payment
and performance of all of the liabilities and obligations of the Borrower to the Lender and such deposits and other sums may be
applied or set off against such liabilities and obligations of the Borrower to the Lender at any time, whether or not such are
then due, whether or not demand has been made and whether or not other collateral is then available to the Lender.

 

No
delay or omission on the part of the Lender in exercising any right hereunder shall operate as a waiver of such right or of any
other right of the Lender, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same
or any other right on any future occasion. The Borrower and any other party obligated on account of this Note by contract, by
operation of law or otherwise (the Borrower and each Borrower, if more than one, and each such other party, an "Obligor"),
regardless of the time, order or place of signing, waive presentment, demand, protest, notice of intent to accelerate, notice
of acceleration, notice of dishonor, notice of protest and all other notices and demands of every kind in connection with the
delivery, acceptance, performance or enforcement of this Note, all suretyship defenses of any kind, in each case that would otherwise
be available in connection with this Note including, without limitation, any right (whether now or hereafter existing) to require
the holder hereof to first proceed against the Borrower, or any other party obligated on account of this Note, for any security,
and assent to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release
of collateral, and to the addition or release of any other party or person primarily or secondarily liable and waives all recourse
to suretyship and guarantor defenses generally, including any defense based on impairment of collateral. To the maximum extent
permitted by law, the Borrower waives and terminates any homestead rights and/or exemptions respecting any premises under the
provisions of any applicable homestead laws, including without limitation, California Code of Civil Procedure Sections 704-710
et seq.

 

To
the fullest extent permitted by law, each Obligor waives:

 

(A)
any rights and defenses that are or may become available to such Obligor by reason of Sections 2787 to 2855, inclusive, of the
California Civil Code;

 

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(B)
all rights and defenses that such Obligor may have because any of the indebtedness hereunder is secured by real property; this
means, among other things: (i) the Lender may collect from an Obligor without first foreclosing on any real or personal property
collateral pledged by the Borrower or another Obligor; and (ii) if the Lender forecloses on any real property collateral pledged
by the Borrower or another Obligor: (1) the amount of such indebtedness may be reduced only by the price for which that collateral
is sold at the foreclosure sale, even if the collateral is worth more than the sale price, and (2) the Lender may collect from
an Obligor even if the Lender, by foreclosing on the real property collateral, has destroyed any right such Obligor may have to
collect from the Borrower or another Obligor. This is an unconditional and irrevocable waiver of any rights and defenses each
Obligor may have because any of the indebtedness under this Note is secured by real property. These rights and defenses include,
but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d, or 726 of the California Code of Civil Procedure;

 

(C)
any right or defense it may have at law or equity, including California Code of Civil Procedure Section 580a, to a fair market
value hearing or action to determine a deficiency judgment after a foreclosure.

 

The
Borrower shall indemnify, defend and hold the Lender and its directors, officers, employees, agents and attorneys (each an "Indemnitee")
harmless against any claim brought or threatened against any Indemnitee by the Borrower or by any other person (as well as from
attorneys' reasonable fees and expenses in connection therewith) on account of the Lender's relationship with the Borrower (each
of which may be defended, compromised, settled or pursued by the Lender with counsel of the Lender's selection, but at the expense
of the Borrower), except for any claim arising out of the gross negligence or willful misconduct of the Lender.

 

The
Borrower agrees to pay, upon demand, costs of collection of all amounts under this Note including, without limitation, principal
and interest, or in connection with the enforcement of, or realization on, any security for this Note, including, without limitation,
to the extent permitted by applicable law, reasonable attorneys' fees and expenses. If any payment due under this Note is unpaid
for 15 days or more, the Borrower shall pay, in addition to any other sums due under this Note (and without limiting the Lender's
other remedies on account thereof), a late charge equal to 5.0% of such unpaid amount.

 

This
Note shall be binding upon the Borrower and upon its heirs, successors, assigns and legal representatives, and shall inure to
the benefit of the Lender and its successors, endorsees and assigns.

 

In
the event that at any time, a surety is liable upon only a portion of the Borrower's or any Obligor's obligations under this Note
and the Borrower provides partial satisfaction of any such obligation(s), each of the Borrower and each Obligor hereof, if any,
hereby waives any right it would otherwise have, under Section 2822 of the California Civil Code, to designate the portion of
the obligations to be satisfied. The designation of the portion of the obligation to be satisfied shall, to the extent not expressly
made by the terms of this Note, be made by the Lender rather than Borrower.

 

The
liabilities of the Borrower and each Borrower, if more than one, and any Obligor are joint and several; provided, however, the
release by the Lender of the Borrower or any one or more Obligors shall not release any other person obligated on account of this
Note. Any and all present and future debts of the Borrower to any Obligor are subordinated to the full payment and performance
of all present and future debts and obligations of the Borrower to the Lender. Each reference in this Note to the Borrower and
each Borrower, if more than one, and Obligor, is to such person individually and also to all such persons jointly. No person obligated
on account of this Note may seek contribution from any other person also obligated, unless and until all liabilities, obligations
and indebtedness to the Lender of the person from whom contribution is sought have been irrevocably satisfied in full. The release
or compromise by the Lender of any collateral shall not release any person obligated on account of this Note.

 

The
Borrower authorizes the Lender to complete this Note if delivered incomplete in any respect. A photographic or other reproduction
of this Note may be made by the Lender, and any such reproduction shall be admissible in evidence with the same effect as the
original itself in any judicial or administrative proceeding, whether or not the original is in existence.

 

This
Note shall be governed by federal law applicable to the Lender and, to the extent not preempted by federal law, the laws of the
State of California without giving effect to the conflicts of laws principles thereof.

 

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Any
notices under or pursuant to this Note shall be deemed duly received and effective if delivered in hand to any officer of agent
of the Borrower or Lender, or if mailed by registered or certified mail, return receipt requested, addressed to the Borrower or
Lender at the address set forth in the Loan Agreement together with a copy to Bank of the West, Asset Based Lending at 1977 Saturn
Street, Monterey Park, CA 91755 or as any party may from time to time designate by written notice to the other party.

 

The
Borrower irrevocably submits to the nonexclusive jurisdiction of any Federal or state court sitting in California, over any suit,
action or proceeding arising out of or relating to this Note. The Borrower irrevocably waives, to the fullest extent it may effectively
do so under applicable law, any objection it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court and any claim that the same has been brought in an inconvenient forum. The Borrower hereby
consents to any and all process which may be served in any such suit, action or proceeding, (i) by mailing a copy thereof by registered
and certified mail, postage prepaid, return receipt requested, to the Borrower's, address shown below or as notified to the Lender
and (ii) by serving the same upon the Borrower(s) in any other manner otherwise permitted by law, and agrees that such service
shall in every respect be deemed effective service upon the Borrower.

 

Waiver
Of Jury Trial. THE BORROWER AND LENDER ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL RIGHT, AND THAT IT
MAY BE WAIVED UNDER CERTAIN CIRCUMSTANCES. TO THE EXTENT PERMITTED BY LAW EACH PARTY, AFTER CONSULTING (OR HAVING THE OPPORTUNITY
TO CONSULT) WITH COUNSEL OF ITS CHOICE, WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION RELATED TO THIS NOTE OR ANY
OTHER DOCUMENT, INSTRUMENT OR TRANSACTION BETWEEN THE PARTIES.

 

Judicial
Reference Provision. In the event the above Jury Trial Waiver is unenforceable, the parties elect to proceed under this Judicial
Reference Provision. With the exception of the items specified below, any controversy, dispute or claim between the parties relating
to this Note or any other document, instrument or transaction between the parties (each, a "Claim"), will be resolved
by a reference proceeding in California pursuant to Sections 638 et seq. of the California Code of Civil Procedure, or their successor
sections, which shall constitute the exclusive remedy for the resolution of any Claim, including whether the Claim is subject
to reference. Venue for the reference will be the Superior Court in the County where real property involved in the action, if
any, is located, or in a County where venue is otherwise appropriate under law (the "Court"). The following matters
shall not be subject to reference: (i) nonjudicial foreclosure of any security interests in real or personal property, (ii) exercise
of self-help remedies (including without limitation set-off), (iii) appointment of a receiver, and (iv) temporary, provisional
or ancillary remedies (including without limitation writs of attachment, writs of possession, temporary restraining orders or
preliminary injunctions). The exercise of, or opposition to, any of the above does not waive the right to a reference hereunder.

 

The
referee shall be selected by agreement of the parties. If the parties do not agree, upon request of any party a referee shall
be selected by the Presiding Judge of the Court. The referee shall determine all issues in accordance with existing case law and
statutory law of the State of California, including without limitation the rules of evidence applicable to proceedings at law.
The referee is empowered to enter equitable and legal relief, and rule on any motion which would be authorized in a court proceeding,
including without limitation motions for summary judgment or summary adjudication. The referee shall issue a decision, and pursuant
to CCP §644 the referee's decision shall be entered by the Court as a judgment or order in the same manner as if tried by
the Court. The final judgment or order from any decision or order entered by the referee shall be fully appealable as provided
by law. The parties reserve the right to findings of fact, conclusions of law, a written statement of decision, and the right
to move for a new trial or a different judgment, which new trial if granted, will be a reference hereunder. AFTER CONSULTING (OR
HAVING THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF ITS CHOICE, EACH PARTY AGREES THAT ALL CLAIMS RESOLVED UNDER THIS REFERENCE
PROVISION WILL BE DECIDED BY A REFEREE AND NOT A JURY.

 

    	4

    	 

    

  

Executed
as of July 15, 2015.

 

	 	Borrower:
	 	 
	 	H.D.D.
    LLC
	 	 
	 	By:	Truett-Hurst,
    Inc., Managing Member
	 	 	 
	 	 	By:	 
	 	 	 	Phillip L. Hurst,
    Chief Executive Officer/Chairman
	 	 	 
	 	125 Foss Creek Circle
	 	Healdsburg, California
	 	95448

 

AR
        Line of Credit Note

    	5

    	 

    

 

INTEREST
RATE ELECTION RIDER

 

1.          INTEREST
RATE(S); PAYMENTS AND PREPAYMENTS.

 

1.1           Interest
Rates. The Note shall bear interest at the following rate(s): (a) Two and One-Quarter Percent (2.25%) above
the One-Month LIBOR Rate (as hereinafter defined) (a "One-Month LIBOR Rate Advance"); or (b) Two and One-Quarter
Percent (2.25%) above the LIBOR Rate (as hereinafter defined) (a "LIBOR Rate Advance"); each an “Available
Rate.”

 

1.2           Notice
of Borrowing and Rate Selection. Upon written or telephonic notice which shall be received by the Lender at or before 11:00
a.m. Pacific time on a Business Day, the Borrower may draw this loan by requesting an Advance. The draw may be made on the day
notice is received by the Lender, provided however, that if the Lender shall not have received notice at or before 11:00 a.m.
Pacific time on the day such request is made, such draw may, at the Lender's option, be made on the next Business Day. Notice
of any LIBOR Rate Advance shall be received by the Lender no later than two Business Days prior to the day (which shall be a Business
Day) on which the Borrower requests such LIBOR Rate Advance to be made. The notice shall specify the effective date thereof (which
shall be a Business Day), the type of interest rate and the amount to which the interest rate shall apply, provided, however,
for LIBOR Rate Advances, the amount requested shall not be less than $100,000.00. Any such notice shall be irrevocable and shall
be subject to other terms and conditions set forth in this Note. For any interest rate selected, the Lender shall record on the
books and records of the Lender an appropriate notation evidencing such selection, each repayment on account of the principal
thereof and the amount of interest paid, and the Borrower authorizes the Lender to maintain such records and make such notations
and agrees that the amount shown on the books and records as outstanding from time to time shall constitute the amount owing to
the Lender pursuant to this Note, absent manifest error.

 

1.3           Payments.
The Borrower hereby promises and agrees to pay interest in arrears on all Advances on the last calendar day of each month. If
any payment required to be made by the Borrower hereunder becomes due and payable on a day other than a Business Day, the due
date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at then applicable rate
during such extension, provided however that any payment that becomes due and payable on a day other than a Business Day that
is also on the last calendar day of the month shall be payable on the immediately preceding Business Day. On the Expiration Date,
the Borrower hereby promises and agrees to pay to the Lender in full the aggregate unpaid principal amount outstanding, together
with all accrued and unpaid interest and all other fees and charges owing to the Lender under this Note.

 

1.4           Interest
Periods. Each Interest Period selected by the Borrower pursuant to the terms of this Interest Rate Election Rider shall commence
on the date selected and shall end on the last day of the time period the Borrower shall elect, in each case as set forth in the
definition of Interest Period in Paragraph 2.1 hereof; provided, however, that (a) any Interest Period that would otherwise end
on a day which is not a Business Day shall be extended to the next Business Day unless such extension would carry such Interest
Period into the next month, in which event such Interest Period shall end on the preceding Business Day; (b) any Interest Period
that begins on the last Business Day of a calendar month (or on a date for which there is no numerically corresponding day in
the calendar month during which such Interest Period is to end), shall (subject to clause (a) above) end on the last Business
Day of such calendar month; and (c) any Interest Period that would otherwise extend beyond the Expiration Date shall end on the
Expiration Date.

 

1.5           Conversion
of Outstanding Amounts. Upon written or telephonic notice which shall be received by the Lender at or before 11:00 a.m. Pacific
time on a Business Day, and so long as no Event of Default shall have occurred and be continuing, the Borrower may, on the last
Business Day of the then current Interest Period applicable to an Advance, convert the rate on such Advance to another Available
Rate. The conversion may be effective on the day notice is received by the Lender, provided however, that if the Lender shall
not have received notice at or before 11:00 a.m. Pacific time on the day such request is made, such election may, at the Lender's
option, become effective on the next Business Day, except that notice to select any LIBOR Rate shall be received by the Lender
no later than two Business Days prior to the day (which shall be a Business Day) on which the Borrower requests such LIBOR Rate.
The notice shall specify the date of such conversion and the amount to be converted.

 

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1.6           End
of Interest Period. If, at the end of the relevant Interest Period, and subject to all of the terms and conditions applicable
to a request that a new interest rate be selected, the Lender does not receive timely notice to continue the existing rate or
request another Available Rate, the Borrower shall be deemed to have selected a One-Month LIBOR Rate Advance.

 

1.7           Unavailability
of Rate. In the event that the effective interest rate(s) applicable to the Borrower’s loan evidenced hereby shall cease
to be published or has become unlawful or infeasible by reason of the Lender’s compliance with any new law, rule, regulation,
guideline or order, or any new interpretation of any present law, rule regulation, guideline or order, the Lender, it is sole
discretion shall designate a new base, reference or other rate for general commercial loan reference purposes, it being understood
that such rate is a reference rate, not necessarily the lowest, established from time to time, which serves as the basis upon
which effective interest rates are calculated for loans making reference thereto.

 

1.8           Funding
the Note. The Lender shall be entitled to fund all or any portion of the Note in any manner it may determine in its sole discretion,
but all calculations and transactions hereunder shall be conducted as set forth herein without regard to the manner in which the
Lender actually funded the Note.

 

1.9           Indemnification
for Costs. During any period of time in which interest on the Note is accruing on the basis of an Available Rate other than
one that adjusts on a daily basis, the Borrower shall, upon the Lender's request, promptly pay to and reimburse the Lender for
all costs incurred and payments made by the Lender by reason of any future assessment, reserve, deposit or similar requirement
or any surcharge, tax or fee imposed upon the Lender or as a result of the Lender's compliance with any directive or requirement
of any regulatory authority pertaining or relating to funds used by the Lender in quoting and determining such Available Rate.

 

1.10         Termination
of Pricing Option. After the occurrence of an Event of Default, the Borrower’s right to select pricing options, if applicable,
shall cease, and, if the Borrower would, but for the application of the preceding clause, have had the right to elect among interest
rate options, notwithstanding anything to the contrary in this Note, interest shall accrue at a rate per annum equal to 5.0% plus
the current effective rate for a One-Month LIBOR Rate Advance.

 

1.11         Prepayment.
Borrower may prepay amounts outstanding under this Note bearing interest at an Available Rate in whole or in part provided that
for any amounts outstanding subject to an Interest Period, Borrower has given Lender not less than 5 Business Days prior written
notice of Borrower’s intention to make such prepayment and pays to Lender the Prepayment Fee (defined below) due as a result.
The Prepayment Fee shall also be paid, if Lender, for any other reason, including acceleration or foreclosure, receives all of
any portion of the LIBOR Rate Advance prior to its scheduled payment date. "Prepayment Fee" is the positive amount,
if any, equal to the present value of (i) the amount of interest that would have been paid through the end of the current Interest
Period on the principal amount being repaid at the LIBOR Rate and minus (ii) the amount of interest Lender would earn if the amount
of such prepayment of principal was used to purchase a(n) LIBOR Rate contract having a maturity date most closely matching with
the last day of the relevant Interest Period and such contract was held by Lender until the last day of the relevant Interest
Period. The rate used in the present value calculation shall be the rate of interest offered on the LIBOR Rate contract having
a maturity most closely matching with the last day of the relevant Interest Period. The time period used in the present value
calculation shall be a fraction, the numerator of which is the number of days in the period between the date of prepayment and
the last date of the relevant Interest Period, and the denominator of which shall be 360 days.

 

If
the maturity of this Note is accelerated by the Lender because of the occurrence of an Event of Default, the resulting acceleration
shall be deemed to be an election on the part of the Borrower to prepay this Note. Accordingly, there shall be added to the amount
due after an Event of Default and resulting acceleration, the fixed rate prepayment charge, calculated as above and using as the
prepayment date the date on which any tender of payment is made, and the Borrower agrees to pay the same.

 

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The
Borrower, by its signature below, hereby expressly (i) waives any rights it may have under California Civil Code Section 2954.10
to prepay this Note, in whole or in part, without penalty, upon acceleration of the maturity date, and (ii) agrees that if, for
any reason, a prepayment of all or any portion of the principal amount of this Note is made upon or following any acceleration
of the maturity date by the Lender on account of any Event of Default by the Borrower, then the Borrower shall be obligated to
pay concurrently with such prepayment the fixed rate prepayment charge specified in the foregoing paragraphs. By signing this
provision in the space provided below, the Borrower hereby declares that the Lender's agreement to make the loan evidenced by
this Note constitutes adequate consideration, given individual weight by the Borrower, for this waiver and agreement.

 

	 	Borrower:
	 	 
	 	H.D.D. LLC
	 	 
	 	By:	Truett-Hurst, Inc., Managing Member
	 	 	 
	 	 	By:	 
	 	 	 	Phillip L. Hurst, Chief Executive Officer/Chairman

 

2.          DEFINITIONS

 

2.1           Definitions.
The following definitions are applicable to this Interest Rate Election Rider:

 

		a)	“Interest
                                         Period” shall mean,

 

		i)	with
                                         respect to any LIBOR Rate Advance, one to six months or any other period Lender may approve
                                         not exceeding twelve months.

 

		b)	“LIBOR
                                         Rate" shall mean the rate determined by the Lender as being the U.S. dollar London
                                         Interbank Offered Rate for such periods appearing on the Bloomberg British Bankers Association
                                         LIBOR page BBAM - Official BBA LIBOR Fixing at approximately 11:00 a.m. (London time)
                                         on the second Business Day prior to requesting a LIBOR Rate Advance, or the second Business
                                         Day prior to the initial draw, or the second Business Day prior to the next Interest
                                         Period.

 

		c)	"One-Month
                                         LIBOR Rate" shall mean, on any day, the rate determined by the Lender as being the
                                         U. S. dollar London Interbank Offered Rate for an interest period of one month appearing
                                         on the Bloomberg British Bankers Association LIBOR page BBAM - Official BBA LIBOR Fixing
                                         at approximately 11:00 a.m. (London time).

 

2.2           Other
Terms. Terms set forth in this Note which are defined in the Note shall have the meanings set forth in the Note.

 

    	8RIMROCK GOLD CORP. 8-K

 

Exhibit 10.1

 

 

 

SETTLEMENT AND RELEASE AGREEMENT

THIS SETTLEMENT AND RELEASE AGREEMENT (this “Agreement”),
dated as of April 22, 2015, is entered into by and among (i) UPTICK CAPITAL, LLC, a limited liability company organized and existing
under the laws of the State of Connecticut (“Uptick”), (ii) ZAHAV RESOURCES, INC., a corporation incorporated under
the laws of the State of Delaware (“Zahav”); and (iii) RIMROCK GOLD CORP., a corporation incorporated under the laws
of the State of Nevada (“Rimrock”). Uptick, Zahav and Rimrock are collectively referred to herein as the “Parties,”
or each of them individually as a “Party”.

WHEREAS, a Consulting Agreement
has been executed on March 1, 2013 by and between Uptick and Rimrock and a subsequent verbal agreement has been consummated on
or about January 2015 (together, collectively, as amended, the “Consulting Agreements”), pursuant to which certain
consulting services were performed by Uptick, including, but not limited to, spending hundreds of hours making introductions to
investors (including, but not limited to, Redwood Fund LP (“Redwood”) and LH Financial Services Corp. (“LH”)),
making introductions to key executives, and lending substantial amounts of money to Rimrock from time to time in order to protect
Rimrock’s underlying business operations and mining claims;

WHEREAS, in consideration for Uptick’s
services and other consideration, Rimrock and Uptick discussed issuing to Uptick a non-dilutable preferred share of Rimrock stock
which is convertible into 80% of the issued and outstanding common stock of Rimrock (the “80% Non-Dilutable Share”)
and, in order for Rimrock to authorize the Non-Dilutable Share, Uptick executed certain documents permitting Rimrock to designate
a preferred class of Rimrock’s stock;

WHEREAS, Rimrock has refused to
issue the 80% Non-Dilutable Share to Uptick and, moreover, Rimrock has not paid Uptick anything as of the date hereof for Uptick’s
services rendered pursuant to the Consulting Agreements;

WHEREAS, subject to the terms and
conditions herein contained, the Parties have agreed to settle any and all disputes which may presently exist by and between them
upon Rimrock’s payment to Uptick of the following amounts: (i) Twenty Five Thousand Five Hundred Two and 59/100 United States
Dollars (US$25,502.59) plus legal fees and expenses incurred by Uptick as provided in Section 11 herein (the “Cash Settlement
Amount”); (ii) four million (4,000,000) shares of Rimrock common stock; (iii) four hundred (400) shares of Rimrock series
B preferred stock (the “Uptick Preferred Stock Settlement Amount”) (together, parts (ii) and (iii) herein, collectively,
the “Stock Settlement Amount”, and together with the Cash Settlement Amount, the “Settlement Amount”);
and (iv) such other covenants, terms and conditions as herein provided.

NOW, THEREFORE, IN CONSIDERATION OF THE
PROMISES, ACTS, RELEASES AND OTHER GOOD AND VALUABLE CONSIDERATION HEREINAFTER RECITED, THE SUFFICIENCY AND RECEIPT OF WHICH IS
HEREBY ACKNOWLEDGED, THE PARTIES HERETO, INTENDING TO BE LEGALLY BOUND, AGREE AS FOLLOWS:

1.

Conditions Precedent. The releases
contained in Section 4 hereof shall be effective immediately upon the satisfaction of the following to Uptick in its sole and absolute
discretion: (i) the full payment of the Settlement Amount to Lucosky Brookman LLP, as agent for Uptick (the “Agent”),
including, but not limited to share certificates evidencing the preferred and common stock to be delivered hereunder to Uptick
and Zahav, and in connection with Section 12 hereunder, to Redwood and LH; (ii) satisfaction of the covenants contained in Section
2 hereof; (iii) filing of the Certificate of Designation in the form attached hereto as Exhibit A (the “Certificate
of Designation”) with the Secretary of State of the state of incorporation of Rimrock; (iv) receipt by Uptick of a copy of
resolutions of the Board of Directors of Rimrock authorizing the execution of this Agreement, the filing of the Certificate of
Designation, the execution of the Transfer Agent Instruction Letter, the payment of the Cash Settlement Amount, and the issuance
and delivery of the Stock Settlement Amount (v) the execution and delivery by Rimrock and Rimrock’s Transfer Agent of the
Irrevocable Transfer Agent Instruction Letter in the form attached hereto as Exhibit B (the “Transfer Agent Instruction
Letter”). The Cash Settlement Amount shall be paid by wire transfer in immediately available funds to the attorney trust
account of the Agent. The share certificates representing the Stock Settlement Amount shall be physically delivered via overnight
courier and received by the Agent and such share certificates shall be in the applicable amounts in the name of Uptick.

 

    	

    	 

    

 

2.

Covenants of Rimrock. In consideration
of Uptick and Zahav’s execution of this Agreement and their agreement to abide by the terms and conditions herein contained
(including, but not limited to, foregoing immediate enforcement of the Consulting Agreements), following the date hereof:

(i)

in the event that any portion of the Cash
Settlement Amount remains outstanding following the date hereof, Rimrock shall pay such outstanding portion of the Cash Settlement
Amount to Uptick in an amount which equals thirty percent (30%) of the funds raised from any debt or equity offering of securities
however if over $30,000 USD are raised by Rimrock the percentage payout increases to forty percent (40%) and such payment shall
be made prior to any other person or entity, including Rimrock, receiving any funds therefrom;

(ii)

neither Rimrock nor any of its subsidiaries
shall buy, sell, transfer and/or encumber in any way, any mining claim assets owned by Rimrock as of the date hereof without the
prior written consent of Uptick;

(iii)

Rimrock shall notify Uptick at least thirty
(30) business days prior to any payments due and owing by Rimrock with respect to any mining claims (including, but not limited
to, the Pescio payment, BLM fees, and county fees) and in the event that Rimrock fails to make such payments, Rimrock shall provide
Uptick a timely opportunity to either pay for or arrange for a third party to pay for those fees and, in the event that such fees
are paid for by Uptick or a third party (the “Paying Party”), Rimrock shall take any and all actions necessary or advisable
to immediately transfer ownership of the respective mining claims to the Paying Party. If the ownership of the mining claims are
transferred to the Paying Party of which Uptick or Zahav is a party, then, within fifteen (15) days of such transfer, Uptick shall
return the preferred shares being held by Uptick as of the date of such transfer to the treasury of Rimrock. Uptick shall not transfer
or sell more than ten percent (10%) of the preferred shares for a period of 6 months following the date hereof. In addition, the
Paying Party is responsible for all transfer fees of the mining claims;

(iv)

at any time following the conversion of
the Uptick Preferred Stock Settlement Amount by Uptick, or any portion thereof, Rimrock shall not, in any given calendar year,
without the prior written consent of Uptick, either directly or indirectly, issue or distribute, in the aggregate per calendar
year, an amount which equals more than thirty five percent (35%) of the issued and outstanding shares of Rimrock common stock (as
calculated as of the date hereof and as of January 1 of each subsequent calendar year) or issue any convertible securities or warrants
which, which when convertible or exercisable, would or may result in the issuance or distribution of an amount which equals more
than thirty five percent (35%) of the issued and outstanding shares of Rimrock common stock (as calculated as of the date hereof
and as of January 1 of each subsequent calendar year). Such restriction on share issuances shall exclude Rimrock’s obligation
to issue shares under existing outstanding promissory notes and warrants. Any future debt or equity offering of securities of Rimrock
over thirty five percent (35%), as provided above, will require the written consent of Uptick.; and

(v)

Rimrock shall not issue any additional
shares of preferred stock following the date hereof without the prior written consent of Uptick except as part of a financing.

3.

Covenant of Uptick. Uptick shall
return twenty percent (20%) of the Uptick Preferred Stock Settlement Amount which it receives pursuant to this Agreement in the
event that the mining claims are not maintained.

 

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4.

Uptick/Zahav Release. Upon satisfaction
of the conditions precedent contained in Section 1 hereof in Uptick’s sole and absolute discretion, Uptick and Zahav, on
behalf of themselves and their respective direct or indirect predecessors, successors, parent companies, divisions, subsidiaries,
agents, affiliates, subrogees, insurers, trustees, trusts, administrators, representatives, personal representatives, legal representatives,
transferees, assigns and successors in interest of assigns, and any firm, trust, corporation, partnership, investment vehicle,
fund or other entity managed or controlled by Uptick and Zahav or in which Uptick and Zahav have or had a controlling interest
and the respective consultants, employees, legal counsel, officers, directors, managers, shareholders, stockholders, owners of
any of the foregoing (collectively, the “Uptick/Zahav Releasors”), in consideration of the satisfaction of the conditions
precedent contained in Section 1 hereof, hereby remise, release, acquit and forever discharge Rimrock and any and all of their
respective direct or indirect affiliates, parent companies, divisions, subsidiaries, agents, transferees, consultants, employees,
legal counsel, officers, directors, managers, shareholders, stockholders, stakeholders, owners, predecessors, successors, assigns,
successors in interest of assigns, subrogees, insurers, trustees, trusts, administrators, fiduciaries and representatives, legal
representatives, personal representatives and any firm, trust, corporation or partnership investment vehicle, fund or other entity
managed or controlled by Rimrock or in which Rimrock has or had a controlling interest, if any (collectively, the “Rimrock
Releasees”), of and from any and all federal, state, local, foreign and any other jurisdiction’s statutory or common
law claims (including claims for contribution and indemnification), causes of action, complaints, actions, suits, defenses, debts,
sums of money, accounts, covenants, controversies, agreements, promises, losses, damages, orders, judgments and demands of any
nature whatsoever, in law or equity, known or unknown, of any kind, including, but not limited to, claims or other legal forms
of action or from any other conduct, act, omission or failure to act, whether negligent, intentional, with or without malice, that
the Uptick/Zahav Releasors ever had, now have, may have, may claim to have, or may hereafter have or claim to have, against the
Rimrock Releasees, from the beginning of time up to and including the date hereof (the “Released Uptick/Zahav Claims”).
Nothing in the foregoing release shall release any claim to enforce this Agreement.

5.

Rimrock Release. Immediately upon
the execution hereof, Rimrock, on behalf of itself and its respective direct or indirect predecessors, successors, parent companies,
divisions, subsidiaries, agents, affiliates, subrogees, insurers, trustees, trusts, administrators, representatives, personal representatives,
legal representatives, transferees, assigns and successors in interest of assigns, and any firm, trust, corporation, partnership,
investment vehicle, fund or other entity managed or controlled by Rimrock or in which Rimrock has or had a controlling interest
and the respective consultants, employees, legal counsel, officers, directors, managers, shareholders, stockholders, owners of
any of the foregoing (collectively, the “Rimrock Releasors”), in consideration of Uptick and Zahav’s execution
of this Agreement and their agreement to abide by the terms and conditions herein contained, including, but not limited to, foregoing
immediate enforcement of the Consulting Agreements, hereby remise, release, acquit and forever discharge Uptick and Zahav and any
and all of their respective direct or indirect affiliates, parent companies, divisions, subsidiaries, agents, transferees, consultants,
employees, legal counsel, officers, directors, managers, shareholders, stockholders, stakeholders, owners, predecessors, successors,
assigns, successors in interest of assigns, subrogees, insurers, trustees, trusts, administrators, fiduciaries and representatives,
legal representatives, personal representatives and any firm, trust, corporation or partnership investment vehicle, fund or other
entity managed or controlled by Uptick and Zahav or in which Uptick or Zahav have or had a controlling interest, if any (collectively,
the “Uptick/Zahav Releasees”), of and from any and all federal, state, local, foreign and any other jurisdiction’s
statutory or common law claims (including claims for contribution and indemnification), causes of action, complaints, actions,
suits, defenses, debts, sums of money, accounts, covenants, controversies, agreements, promises, losses, damages, orders, judgments
and demands of any nature whatsoever, in law or equity, known or unknown, of any kind, including, but not limited to, claims or
other legal forms of action or from any other conduct, act, omission or failure to act, whether negligent, intentional, with or
without malice, that the Rimrock Releasors ever had, now have, may have, may claim to have, or may hereafter have or claim to have,
against the Uptick/Zahav Releasees, from the beginning of time up to and including the date hereof (the “Released Rimrock
Claims”). Nothing in the foregoing release shall release any claim to enforce this Agreement.

6.

Release of Unknown Claims: Upon satisfaction
of the conditions precedent contained in Section 1 hereof to the satisfaction of Uptick in its sole and absolute discretion and
upon the execution hereof by Rimrock, the following releases and provisions will be automatically effective:

(a)

The Parties stipulate and agree that the
Uptick/Zahav Releasors and the Rimrock Releasors expressly waive the provisions, rights and benefits conferred by any law of any
state or any territory of the United States or of any other nation, or principle of common law relating to claims which the Parties
did not know or suspect to exist in the other Party’s favor at the time of executing this Agreement, which, if known by Parties,
would have materially affected Uptick’s, Zahav’s and/or Rimrock’s settlement with the other Party; and

 

    	3

    	 

    

 

(b)

The Uptick/Zahav Releasors and the Rimrock
Releasors may hereafter discover facts in addition to or different from those that any of them now knows or believes to be true,
but the Uptick/Zahav Releasors and the Rimrock Releasors fully, finally, and forever settle and release any and all claims, known
or unknown, suspected or unsuspected, contingent or non-contingent, whether or not concealed or hidden, that now exist, or heretofore
have existed upon any theory of law or equity now existing or coming into existence in the future, including, but not limited to,
conduct that is negligent, reckless, intentional, with or without malice, or a breach of any duty, law or rule, without regard
to the subsequent discovery or existence of such different or additional facts. The Uptick/Zahav Releasors and the Rimrock Releasors
acknowledge that the inclusion of such “unknown claims” in this Agreement was separately bargained for and was a key
element of the Agreement, and that each of them assumes the risk of any mistake of fact or law on its own behalf. If the Parties
should subsequently discover that its understanding of the facts or of the law was or is incorrect, the Parties shall not be entitled
to relief in connection therewith, including without limitation of the generality of the foregoing, any alleged right or claim
to set aside or rescind this Agreement. This Agreement is intended to be, and is, final and binding upon the Parties hereto according
to the terms hereof regardless of any claims of mistake of fact or law.

7.

No Admission of Fault. Uptick,
Zahav and Rimrock, by entering into this Agreement, do not concede any fault, liability or wrongdoing, and expressly deny any fault,
liability or wrongdoing whatsoever. The execution of this Agreement, and the consideration and other terms and conditions thereof,
do not constitute and shall not be construed as or deemed to be evidence of, or an admission or concession on the part of Uptick,
Zahav or Rimrock with respect to any claim, fault or liability, or any wrongdoing or damage whatsoever. This Agreement may not
be used for any purpose other than to effectuate this settlement and the terms hereof.

8.

No Action. Upon satisfaction of the
conditions precedent contained in Section 1 hereof to the satisfaction of Uptick in its sole and absolute discretion, each of Uptick
and Zahav covenants and agrees not to commence or prosecute any action or proceeding against Rimrock based on the Released Uptick/Zahav
Claims. Upon the execution hereof by Rimrock, Rimrock covenants and agrees not to commence or prosecute any action or proceeding
against Uptick or Zahav based on the Released Rimrock Claims.

9.

Preparation of Agreement. Each Party
represents to the other that its counsel have negotiated and participated in the drafting of, and are legally authorized to negotiate
and draft, this Agreement. Each Party to this Agreement acknowledges that this Agreement was drafted jointly by the Parties hereto
and each Party has contributed substantially and materially to the preparation of this Agreement. The Agreement shall be construed
as having been made and entered into as the result of arms-length negotiations, entered into freely and without coercion or duress,
between parties of equal bargaining power.

10.

Confidentiality. Except as permitted
below, each Party shall maintain the confidentiality of the Agreement. The negotiations in connection with this Agreement were
and are intended by the Parties to be privileged settlement discussions, and are confidential; none of the Parties shall disclose
such negotiations unless compelled to do so by a court of competent jurisdiction. Neither this Agreement, its contents, terms and
conditions, nor any other information concerning this Agreement or the dispute between the Parties, shall be disclosed to third
parties (including, but not limited to, the media) without the express written approval of all the Parties, except as otherwise
provided in this Section or as required by federal or state securities law, rule or regulation. This Agreement shall not be introduced
in evidence or used for any purpose except: (a) in an action to enforce its provisions; (b) to prove a defense to a claim or other
legal form of action alleged to have been released herein; (c) in response to an order directed to a Party from a judicial or governmental
authority having jurisdiction over such Party, in which event the receiving party shall notify the other Parties of the order;
(d) in response to a subpoena or other process served on a Party (the “Served Party”) by a third party seeking to compel
the disclosure of this Agreement or its terms, in which event, however, the Served Party shall notify the other Party or Parties
of such subpoena or process as soon as possible and grant it or them the opportunity to notify the Served Party in writing within
ten (10) days if the other Party or Parties intend to move to quash, seek a protective order or take other appropriate action,
and, if so informed, the Served Party shall not make the disclosure sought by the subpoena or notice unless the relief sought is
denied or the other Party or Party – despite its or their notice to the contrary – fails to seek the noticed relief
within a reasonable time; (e) if appropriate in a future action, in an application for a determination that the settlement between
the Parties is a good faith settlement properly subject to a contribution bar, in which event this Agreement shall be filed under
seal; or (f) as required by federal or state law, rule or regulation. The Parties also may, to the minimum extent necessary, disclose
this Agreement to the Internal Revenue Service and/or any state taxing authorities and to the Parties’ respective attorneys,
accountants, auditors, professionals and other financial advisors/consultants who have a legal or ethical obligation to hold the
terms and information herein confidential, so that they may perform their professional, business, or financial duties and obligations.
To the extent possible under federal or state law, rule or regulation, any disclosure by either Party subject to the confidentiality
terms of this Section shall not reference the other Party. The determination of whether a federal or state law, rule or regulation
requires the disclosure of this Agreement or any term or provision hereof is left to the sole discretion of the Party making the
disclosure, in consultation with its attorneys, accountants, auditors, professionals or other financial advisors/consultants.

 

    	4

    	 

    

 

11.

Expenses. The Parties agree that
each shall be responsible for payment of its own costs and expenses, including attorneys’ fees, associated with the negotiation
and execution of this Agreement and any discussions leading thereto, provided however, that Rimrock will pay Uptick,
within ninety (90) days of the date hereof, Ten Thousand and No/100 United States Dollars (US$10,000) in partial satisfaction of
their legal fees and expenses associated with this Agreement.

12.

Designation and Assignment. Of the
Uptick Preferred Stock Settlement Amount to be paid by Rimrock to Uptick and Zahav in connection herewith, Uptick and Zahav hereby
designate and assign (i) thirty (30) shares of Rimrock series B preferred stock to Redwood and (ii) twenty (20) shares of Rimrock
series B preferred stock to LH. These shares are being designated and assigned by Uptick and Zahav to Redwood and LH in consideration
for services rendered to Uptick and Zahav by Redwood and LH in connection with the consulting services performed by Uptick and
Zahav.

13.

Appointment of Agent. Uptick and
Zahav hereby appoint Lucosky Brookman LLP as their agent for purposes of receiving and distributing the Settlement Amount to the
applicable parties.

14.

Amendments / Modifications. This
Agreement shall not be modified, amended, supplemented, or otherwise changed except by a writing signed by all Parties. The Parties
expressly intend and agree that there shall be no exceptions to this “oral modification” clause, including, but not
limited to, any present or future claims of partial performance or equitable estoppel. No parol or oral evidence shall be admitted
to alter, modify or explain the terms of this Agreement, which all Parties agree is clear and unambiguous.

15.

Entire Agreement. This Agreement
represents the entire agreement of the Parties as to the matters set forth herein and shall supersede any and all previous contracts,
arrangements or understandings among the Parties.

16.

Counterparts. This Agreement may
be executed in counterparts. The execution of this Agreement and the transmission thereof by facsimile or e-mail shall be binding
on the Party signing and transmitting same by facsimile or e-mail fully and to the same extent as if a counterpart of this Agreement
bearing such Party’s original signature has been delivered.

17.

Authorized Representative. Each signatory
on behalf of a Party to this Agreement represents and warrants that he or she is a duly authorized representative of that Party,
with full power and authority to agree to this Agreement and all the terms herein on behalf of that Party, which Party shall be
bound by such signature.

18.

Notices. Any notices, consents, waivers,
or other communications required or permitted to be given under the terms of this Agreement must be in writing and in each case
properly addressed to the Party to receive the same in accordance with the information below, and will be deemed to have been delivered:
(i) if mailed by certified mail, return receipt requested, postage prepaid and properly addressed to the address below, then three
(3) business days after deposit of same in a regularly maintained U.S. Mail receptacle; or (ii) if mailed by Federal Express, UPS
or other nationally recognized overnight courier service, next business morning delivery, then one (1) business day after deposit
of same in a regularly maintained receptacle of such overnight courier; or (iii) if hand delivered, then upon hand delivery thereof
to the address indicated on or prior to 5:00 p.m., EST, on a business day. Any notice hand delivered after 5:00 p.m., EST, shall
be deemed delivered on the following business day. Notwithstanding the foregoing, notice, consents, waivers or other communications
referred to in this Agreement may be sent by facsimile, e-mail, or other method of delivery, but shall be deemed to have been delivered
only when the sending Party has confirmed (by reply e-mail or some other form of written confirmation) that the notice has been
received by the other Party. The addresses and facsimile numbers for such communications shall be as set forth below, unless such
address or information is changed by a notice conforming to the requirements hereof. No notice to or demand on the Parties in any
case shall entitle the Parties to any other or further notice or demand in similar or other circumstances:

 

    	5

    	 

    

 

	 	If to Uptick or Zahav:	 	
        Uptick Captial, LLC

        708 Third Avenue, 6th Floor

        New York, NY 10017

        Attn: Ari Blaine

        Email: ari@uptickcapital.com

	 	 	 	 
	 	with a copy which shall

not constitute notice to:	 	
        Lucosky Brookman LLP

        101 Wood Avenue South, 5th Floor

        Woodbridge, NJ 08830

        Attn: Joseph Lucosky, Esq.

        Facsimile: (732) 395-4401

        Email: jlucosky@lucbro.com

	 	 	 	 
	 	If to Rimrock:	 	
        Rimrock Gold Corp.

        3651 Lindell Road, Suite D155

        Las Vegas, NV 89103

        Email: rmicgold@frontiernet.net

	 	 	 	 
	 	with a copy which shall

not constitute notice to:	 	
        Szaferman Lakind Blumstein & Blader, PC

        101 Grovers Mill Road, 2nd Floor

        Lawrenceville, NJ 08648

        Attn: Gregg Jaclin, Esq.

        Facsimile: (609) 557-0969

        Email: gjaclin@szaferman.com

 

19.

Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEVADA.
EACH OF THE PARTIES HERETO HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF, AND VENUE IN, ANY FEDERAL OR STATE COURT OF COMPETENT
JURISDICTION LOCATED IN NEW JERSEY, SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS AGREEMENT
AND IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREIN, AND HEREBY WAIVES, AND AGREES NOT TO ASSERT, AS A DEFENSE IN ANY ACTION
FOR THE INTERPRETATION OR ENFORCEMENT HEREOF, THAT IT IS NOT SUBJECT THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE
IN SAID COURTS OR THAT THE VENUE THEREOF MAY NOT BE APPLICABLE OR THAT THIS AGREEMENT MAY NOT BE ENFORCED IN OR BY SAID COURTS,
AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION SHALL BE HEARD AND DETERMINED IN SAID COURTS.
THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER
OF SUCH DISPUTE. 

[signature page follows]

 

    	6

    	 

    

 

IN WITNESS WHEREOF, the Parties execute
this Settlement and Release Agreement as of the date first written above.

	UPTICK CAPITAL, LLC	 
	 	 
	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	ZAHAV RESOURCES, INC.	 
	 	 	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	RIMROCK GOLD CORP.	 
	 	 	 
	 	 	 
	By:	/s/ Jordan Starkman	 
	Name:	Jordan Starkman	 
	Title:	Chief Executive Officer 	 

 

 

    	7

    	 

    

 

EXHIBIT A

 

FORM OF CERTIFICATE
OF DESIGNATION

(see attached)

 

    	8

    	 

    

 

EXHIBIT B

 

FORM OF IRREVOCABLE
TRANSFER AGENT INSTRUCTION LETTER

(see attached)

 

    	9

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