Document:

MASTER TRUST INDENTURE

 

HI SPEED RAIL FACILITIES, INC.

 

TO

 

HSRF TRUST, AS TRUSTEE

 

Relating to

 

$20,000,000,000

 

HI SPEED RAIL FACILITIES, INC. Revenue
Bonds

SERIES 2012

 

AMERI METRO, INC.

Developer

 

ING INVESTMENT MANAGEMENT CO.

AS ASSET MANAGER

 

Dated as of __________, 2012HI SPEED RAIL FACILITIES PROVIDER, INC.

 

MASTER TRUST INDENTURE

 

HSRF TRUST, AS TRUSTEE

 

Relating to

 

$20,000,000,000

 

HI SPEED RAIL FACILITIES PROVIDER, INC.

REVENUE BONDS, SERIES 2012

 

AMERI METRO, INC.

Developer

 

ING INVESTMENT MANAGEMENT CO.

AS ASSET MANGER

 

Dated as of __________ , 2012AMENDMENT NO. 2 TO

INVESTMENT AGREEMENT

 

This AMENDMENT NO.2 TO INVESTMENT AGREEMENT
(this “Amendment”) dated as of September 21, 2012 (the “Effective Date”) is entered into
by and among Lone Star Gold, Inc., a Nevada corporation with its principal executive office at 6565 Americas Parkway NE, Suite
200, Albuquerque, NM 87110 (the “Company”), and Fairhills Capital Offshore Ltd., a Cayman Islands exempted company
(the “Investor”), with its principal executive officers at 245 Main Street, Suite 302, White Plains, NY 10601.
          

 

Recitals

 

WHEREAS, pursuant to
an investment agreement entered into by and between the Company and the Investor dated April 30, 2012 and the amendment No. 1 to
such investment agreement dated June 25, 2012 (the investment agreement and the amendment No. 1 to such investment agreement shall
be collectively referred to as the “Investment Agreement”), the Investor agreed to invest up to Fifteen Million
Dollars ($15,000,000) in the purchase of the Company’s common stock; and

 

WHEREAS, the Company
and the Investor seek to amend the Investment Agreement to reflect mutually agreed upon revised terms in accordance with the provisions
of this Amendment;

 

NOW, THEREFORE, in
consideration of the foregoing, and of the mutual representations, warranties, covenants, and agreements herein contained, the
parties hereto agree as follows:

 

Agreement

 

Section 1.            Defined
Terms. Unless otherwise indicated herein, all terms which are capitalized but are not otherwise defined herein shall have the
meaning ascribed to them in the Investment Agreement.

 

Section 2.            Amendment.
The Company and the Investor agree to revise Section 7.7 of the Investment Agreement to remove the reference to “and
Investor is reasonably satisfied that the SEC no longer is considering or intends to take such action”. As such, Section
7.7 of the Investment Agreement is hereby amended and restated in its entirety as follows:

 

The Registration Statement shall
be effective on each Closing Date and no stop order suspending the effectiveness of the Registration statement shall be in effect
or to the Company’s knowledge shall be pending or threatened. Furthermore, on each Closing Date (I) neither the Company nor
the Investor shall have received notice that the SEC has issued or intends to issue a stop order with respect to such Registration
Statement or that the SEC otherwise has suspended or withdrawn the effectiveness of such Registration Statement, either temporarily
or permanently, or intends or has threatened to do so (unless the SEC’s concerns have been addressed), and (II) no other
suspension of the use or withdrawal of the effectiveness of such Registration Statement or related prospectus shall exist.

 

    	 

    	 

    

 

Section 3.          Ratifications;
Inconsistent Provisions. Except as otherwise expressly provided herein, the Investment Agreement, is, and shall continue to
be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the Effective Date:
(i) all references in the Investment Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder”
or words of like import referring to the Investment Agreement shall mean the Investment Agreement as amended by this Amendment.
Notwithstanding the foregoing to the contrary, to the extent that there is any inconsistency between the provisions of the Investment
Agreement and this Amendment, the provisions of this Amendment shall control and be binding.

 

Section 4.          Counterparts.
This Amendment may be executed in any number of counterparts, all of which will constitute one and the same instrument and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. Facsimile
or other electronic transmission of any signed original document shall be deemed the same as delivery of an original.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be executed by their duly authorized representatives as of the date first indicated
above.

 

  

	 	The Company:
	 	 
	 	Lone Star Gold, Inc.
	 	 
	 	By:	/s/ Daniel M. Ferris
	 	 	
        Daniel M. Ferris

        Chief Executive Officer

	 	 
	 	The Investor:
	 	 
	 	Fairhills Capital Offshore Ltd.
	 	 
	 	By:	/s/ Edward Bronson
	 	 	
        Edward Bronson

        Senior Managing Member

 

    	3THE SECURITIES REPRESENTED BY THIS PROMISSORY
NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS
OF ANY STATE OR OTHER JURISDICTION. NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD,
TRANSFERRED OR ASSIGNED: (I) IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT OR APPLICABLE
STATE SECURITIES LAWS; OR (II) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE ISSUER, THAT REGISTRATION
IS NOT REQUIRED UNDER THE 1933 ACT OR; (III) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

 

LONE
STAR GOLD, INC.

 

2%
Secured Note 

 

	$50,000.00	Issuance Date:  June 25, 2012

 

FOR VALUE RECEIVED,
Lone Star Gold, Inc., a corporation incorporated under the laws of the State of Nevada and located at 6565 Americas Parkway NE,
Suite 200, Albuquerque, NM 87110(the “Company”), hereby promises to pay to the order of Fairhills Capital Offshore
Ltd., a Cayman Islands exempted company and located at 245 Main Street, Suite 302, White Plains, NY 10601, and its successors or
assigns (the “Holder”) the principal amount of Fifty Thousand Dollars ($50,000.00) (the “Principal”)
on December 24, 2012 (the “Maturity Date”), and to pay interest (the “Interest”) on the unpaid
Principal balance hereof at the rate of two percent (2%) per annum (“Interest Rate”) commencing as of the date
hereof (the “Issuance Date”), in accordance with the terms hereof.

 

1.          Principal.
The principal amount of this Note shall be paid to the Holder on the Maturity Date. The Company may prepay any portion of the outstanding
Principal, accrued and unpaid Interest, if any, without penalty.

 

2.          Interest;
Interest Rate. Interest on the unpaid principal balance of this Note shall accrue at the Interest Rate commencing on the Issuance
Date. Interest shall be computed on the basis of a 360-day year and paid for the actual number of days elapsed. Accrued and unpaid
Interest under this Note shall be paid in full on or prior to the Maturity Date.

 

3.          Manner of
Payment. The payment of Principal and Interest on this Note shall be paid by the Company to the Holder on the Maturity Date
by wire transfer of immediately available funds to an account or accounts designated by Holder in writing. If any payment of principal
on this Note is due on a day which is not a Business Day (as defined below), such payment shall be due on the next succeeding Business
Day. “Business Day” means any day other than a Saturday, Sunday or legal holiday in the City of New York.

 

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4.          Security.
Payment of the Principal of, and Interest on, this Note, is secured by 3,750,000 shares of common stock (the “Security”)
of the Company owned by Daniel M. Ferris (the “Security Holder”). Concurrently with the delivery of this Note
to the Holder, the Security Holder has delivered to Anslow & Jaclin, LLP, as escrow agent under the Escrow Agreement, the certificates
representing the shares pledged hereby, together with a stock power therefore duly executed by the Security Holder in blank. The
Security Holder agrees to deliver to the Holder such other documents of transfer as the Holder may from time to time request to
enable the Holder to transfer the pledged shares into its name or the name of its nominee and to perfect the Holder’s security
interest under applicable laws. The Company and the Holder shall execute the Escrow Agreement, as set forth in Exhibit A
hereto, which, along with Section 6B of this Note, shall govern the release of the Security upon an Event of Default (as defined
below). The Security Holder further agrees that it will not transfer, assign, or pledge the Security or provide a negative pledge
to any third party with respect to the Security while the Note is outstanding.

 

5.          Holder’s
Representations and Warranties. The Holder represents and warrants to the Company as follows:

 

A.          Accredited
Investor Status. The Holder is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D
under the Securities Act of 1933, as amended.

 

B.          Reliance
on Exemptions. The Holder understands that the Note is being offered and sold to it in reliance on specific exemptions from
the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the
truth and accuracy of, and Holder’s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of Holder set forth herein in order to determine the availability of such exemptions and the eligibility of Holder to acquire the
securities.

 

C.          Legend.
This Note shall be stamped or imprinted with a legend in substantially the following form:

 

the
securities represented by this NOTE have NOT been registered under the securities Act of 1933, as amended, or Applicable state
securities laws. The securities may not be offered for sale, sold, transferred or assigned (i) in the absence of (A) an effective
registration statement for the securities under the securities Act of 1933, as amended, or (B) an opinion of counsel, in a generally
acceptable form, that registration is not required under said Act or (C) unless sold pursuant to Rule 144 or Rule 144 A under said
Act. 

 

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		6.	Events of Default

 

A.          The occurrence
of any one or more of the following shall constitute an “Event of Default” (the term “Company” for
this purpose shall include all subsidiaries of the Company):

 

i.          Non-Payment
of Obligations. The Company shall default in the payment of the Principal and Interest under this Note as and when the same
shall become due and payable, whether by acceleration or otherwise.

 

ii.          Bankruptcy,
Insolvency, etc. The Company shall:

 

a)          admit in writing
its inability to pay its debts as they become due;

 

b)          apply for, consent
to, or acquiesce in, the appointment of a trustee, receiver, sequestrator or other custodian for the Company or any of its property,
or make a general assignment for the benefit of creditors;

 

c)          in the absence
of such application, consent or acquiesce in, permit or suffer to exist the appointment of a trustee, receiver, sequestrator or
other custodian for the Company or for any part of its property and that is not dismissed within sixty (60) days;

 

d)          permit or suffer
to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy
or insolvency law, or any dissolution, winding up or liquidation proceeding, in respect of the Company, and, if such case or proceeding
is not commenced by the Company or converted to a voluntary case, such case or proceeding is consented to or acquiesced in by the
Company or results in the entry of an order for relief; or

 

e)          take any corporate
or other action authorizing any of the foregoing.

 

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B. Action Upon
Default; Consent to Judgment. Subject to the provisions of Section 7 below, if any Event of Default described in Section 6A
above shall occur, the entire Principal and any Interest accrued under this Note shall become due and payable immediately at the
election of the Holder. Upon default of any of the obligations set forth in this Note, the Company, the Holder and the Security
Holder, authorize and empower any attorney, Justice of the Peace, or Clerk of Court of Record in any of the jurisdictions in which
the makers or endorsers reside, work or own property in the State of Delaware, or in any other jurisdiction, to enter judgment
by confession against such makers and endorsers, jointly and severally, in favor of the Holder or its assigns, for (i) the release
of the Security; or (ii) the full amount due plus all costs of collection, including without limitation court costs and reasonable
attorney's fees. The Company and the Security Holder expressly waive any summons or other process, consents to immediate execution
of said judgment, and expressly waives benefit of all exemption laws and presentment, demand, protest, and notice of maturity,
and/or protest, and also waives benefit of any other requirements necessary to hold each of them liable as makers and endorsers.

 

7.          Acceleration.
Upon the occurrence of any Event of Default set forth in Section 6A (ii), the Holder may (but only if the Company has not cured
such Event of Default to the Holder’s reasonable satisfaction within three (3) days after written notice of such Event of
Default is sent by Holder to the Company), in the Holder’s sole and absolute discretion and upon the Company’s receipt
of written notice to such effect, declare the Principal of and Interest accrued but unpaid under this Note to be forthwith due
and payable, whereupon the same shall become due and payable without any presentment, acceleration, demand, protest, notice of
protest, notice of intent to accelerate, notice of acceleration or notice of any kind, all of which are hereby waived. Upon the
occurrence of an Event of Default set forth in Section 6A(i), the unpaid Principal and Interest under this Note shall become due
and payable immediately at the election of the Holder, without any presentment, acceleration, demand, protest, notice of protest,
notice of intent to accelerate, notice of acceleration or notice of any kind, all of which are hereby waived.

 

		8.	Miscellaneous.

 

A.          Parties in Interest.
All covenants, agreements and undertakings in this Note binding upon the Company or the Holder shall bind and inure to the benefit
of the successors and permitted assigns of the Company and the Holder, respectively, whether so expressed or not.

 

B.          Construction;
Headings. This Note shall be deemed to be jointly drafted by the Company, the Holder and the Security Holder, and shall not
be construed against any person as the drafter hereof. The headings of this Note are for convenience of reference and shall not
form part of, or affect the interpretation of, this Note.

 

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C.          Notices.
All notices, demands, consents, requests, instructions and other communications to be given or delivered or permitted under or
by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in writing and
shall be deemed to be delivered and received by the intended recipient as follows: (i) if personally delivered, on the Business
Day of such delivery (as evidenced by the receipt of the personal delivery service), (ii) if mailed certified or registered mail
return receipt requested, two (2) Business Days after being mailed, (iii) if delivered by overnight courier (with all charges having
been prepaid), on the Business Day of such delivery (as evidenced by the receipt of the overnight courier service of recognized
standing), or (iv) if delivered by facsimile transmission or other electronic means, including email, on the Business Day of such
delivery if sent by 6:00 p.m. in the time zone of the recipient, or if sent after that time, on the next succeeding Business Day.
If any notice, demand, consent, request, instruction or other communication cannot be delivered because of a changed address of
which no notice was given, or the refusal to accept same, the notice, demand, consent, request, instruction or other communication
shall be deemed received on the second business day the notice is sent (as evidenced by a sworn affidavit of the sender). All such
notices, demands, consents, requests, instructions and other communications will be sent to the following addresses or facsimile
numbers as applicable:

 

	If to the Company, to:	 	
        Lone Star Gold, Inc.

        6565 Americas Parkway N.E.

        Suite 200

        Albuquerque, NM 87110

        Attention: Daniel M. Ferris, President

        Telephone No.: (505) 563-5828

        Facsimile No: (505) 563-5501

	 	 	 
	With copies to:	 	
        Hallett & Perrin, P.C.

        1445 Ross Avenue

        Suite 2400

        Dallas, Texas 75202

        Attention: Lance M. Hardenburg

        Telephone No: (214) 922-4100

        Facsimile No: (214) 922-4142

	 	 	 
	If to the Security Holder:	 	
        Daniel M. Ferris

        Castlett House

        Castlett Street

        Guiting Power, Glos.

        GL54 5US

        England

        Telephone No.: +44 (0) 7775-505-138

	 	 	 
	If to the Holder, to:	 	
        Fairhills Capital Offshore Ltd.

        245 Main Street, Suite 302

        White Plains, NY 10601

        Facsimile No.: (646)390-8433

	 	 	 
	With copies to:	 	
        Anslow & Jaclin, LLP

        195 Route 9 South, Second Floor

        Manalapan, New Jersey 07726

        Attention: Gregg E. Jaclin, Esq.

        Telephone No.: (732) 409-1212

        Facsimile No.: (732) 577-1188

 

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D.          Lost
or Stolen Note. Upon notice to the Company of the loss, theft, destruction or mutilation of this Note, and, in the case of
loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably acceptable to the
Company and customary for similar circumstances in commercial lender/borrower circumstances, and, in the case of mutilation, upon
surrender and cancellation of the Note, the Company shall execute and deliver a new Note of like tenor and date and in substantially
the same form as this Note.

 

E.          Cancellation.
After all Principal, accrued Interest and other amounts at any time owed on this Note have been paid in full, this Note shall automatically
be deemed canceled, shall be surrendered to the Company for cancellation and shall not be reissued.

 

F.          Governing
Law; Jurisdiction; Severability; Jury Trial. This Note shall be construed and enforced in accordance with, and all questions
concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the
State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware
or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Delaware.
The Company hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the state of Delaware,
for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that
the venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. In the event that any provision of this Note is invalid or unenforceable under
any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith
and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other provision of this Note. Nothing contained herein shall
be deemed or operate to preclude the Holder from bringing suit or taking other legal action against the Company in any other jurisdiction
to collect on the Company's obligations to the Holder, to realize on any collateral or any other security for such obligations,
or to enforce a judgment or other court ruling in favor of the Holder. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE,
AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS
NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

G.          No
Waiver. No delay in exercising any right hereunder shall be deemed a waiver thereof, and no waiver shall be deemed to have
any application to any future default or exercise of rights hereunder.

 

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H.          Binding
Effect. This Note shall be binding upon the Company and the successors and assigns of the Company and shall inure to the benefit
of Holder and the successors and assigns of Holder. 

 

I.          Severability.
In the event any one or more of the provisions of this Note shall for any reason be held to be invalid, illegal, or unenforceable,
in whole or in part, in any respect, or in the event that any one or more of the provisions of this Note operates or would prospectively
operate to invalidate this Note, then and in any of those events, only such provision or provisions shall be deemed null and void
and shall not affect any other provisions of this Note. The remaining provisions of this Note shall remain operative and in full
force and effect and shall in no way be affected, prejudiced, or disturbed thereby. 

 

J.          Amendments.
The provisions of this Note may be changed only by a written agreement executed by the Company and Holder.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

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IN WITNESS WHEREOF,
this Note has been executed and delivered on the date specified above by the duly authorized representative of the Company and
the Security Holder.

 

	 	COMPANY:
	 	 
	 	Lone Star Gold, Inc.
	 	 
	 	By:	/s/ Daniel M. Ferris
	 	 	Daniel M. Ferris
	 	 	President
	 	 
	 	SECURITY HOLDER:
	 	 
	 	Daniel M. Ferris, Individually
	 	 
	 	By:	/s/ Daniel M. Ferris
	 	 	Daniel M. Ferris, Individually

 

Agreed and Accepted by the Holder, with respect to Sections
5, 6 and 7 only:

 

HOLDER:

 

Fairhills Capital Offshore, Ltd.

 

	By:	/s/ Edward Bronson	 
	Name: Edward Bronson	 
	Title: Senior Managing Member	 

 

    	8

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