Document:

Exhibit 10.57

 

PERSHING GOLD CORPORATION

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION
RIGHTS AGREEMENT (the “Agreement”), dated as of February 4, 2016, is made by and between Pershing
Gold Corporation, a Nevada corporation (the “Company”) and the undersigned investors (each an “Investor”
and collectively, the “Investors”).

 

RECITALS

 

WHEREAS, in
connection with that certain Subscription Agreement by and between the Company and the Investor (the “Subscription
Agreement”), each Investor has purchased from the Company certain shares (the “Shares”)
of common stock, par value $0.0001 per share, of the Company (“Common Stock”).

 

WHEREAS, to
induce the Investors to purchase the Shares, the Company has agreed to grant the Investors certain rights with respect to registration
of Registrable Securities under the Securities Act pursuant to the terms of this Agreement.

 

AGREEMENT

 

NOW, THEREFORE,
the Company and the Investors, and each of them, hereby covenant and agree as follows:

 

1.          Recitals.
The recitals set forth above are true and correct and are incorporated herein by reference.

 

2.          Certain
Definitions. As used in this Agreement, the following terms shall have the following respective meanings:

 

“Agreement”
shall have the meaning set forth in the Preamble hereof.

 

“Automatic
Registration Statement” shall have the meaning set forth in Section 3(a) of this Agreement.

 

“Closing”
shall mean the closing of the sale of the Shares purchased by an Investor.

 

“Closing
Date” means the date on which the Closing occurred.

 

“Commission”
shall mean the Securities and Exchange Commission, or any other federal agency at the time administering the Securities Act.

 

“Common Stock”
shall have the meaning set forth in the Recitals hereof.

 

“Company”
shall have the meaning set forth in the Preamble hereof.

 

     

     

    

 

“Effectiveness
Date” shall mean that date which is sixty (60) days following the Filing Date (in case of a no review by the Commission
staff) or one hundred eighty (180) days following the Filing Date (in the case of a review by the Commission staff).

 

“Delay Period”
shall have the meaning set forth in Section 3(b) of this Agreement.

 

“Effectiveness
Period” shall have the meaning set forth in Section 3(a) of this Agreement.

 

“End of Suspension
Notice” shall have the meaning set forth in Section 3(c) of this Agreement.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended. 

 

“Filing Date”
shall mean with respect to the Automatic Registration Statement required hereunder, that date which is forty-five (45) days following
the Final Closing Date and, with respect to any additional Registration Statements which may be required herein, the earliest practical
date on which the Company is permitted by SEC Guidance to file such additional Registration Statement related to the Registrable
Securities.

 

“Final Closing
Date” means closing date of the Offering after which the Company ceases to offer for sale the Shares.

 

“Investor”
shall have the meaning set forth in the Preamble hereof.

 

“Offering”
shall have the meaning set forth in the Subscription Agreements.

 

“Piggyback
Registration” shall have the meaning set forth in Section 4(a) of this Agreement.

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such Prospectus.

 

“Purchase
Price” shall have the meaning set forth in the Subscription Agreements.

 

“Register,”
“registered” and “registration” each shall refer to a registration of the Registrable
Securities effected by preparing and filing a Registration Statement or statements or similar documents in compliance with the
Securities Act and the declaration or ordering of effectiveness of such Registration Statement or document by the Commission.

 

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“Registrable
Securities” shall mean (a) all Shares, and (b) any securities issued or then issuable upon any stock split, dividend
or other distribution,  recapitalization or similar event with respect to the foregoing provided, however, that any such
Registrable Securities shall cease to be Registrable Securities (i) when subject to an effective Registration Statement under the
Securities Act as provided for hereunder, (ii) upon any sale pursuant to a Registration Statement or Rule 144 under the Securities
Act or (iii) at such time such securities become eligible for resale without volume or manner of sale restrictions and without
current public information pursuant to Rule 144(c) as set forth in a written opinion letter to such effect, addressed, delivered
and acceptable to the affected Investor.

 

“Registration
Statement” means any registration statement required to be filed hereunder pursuant to Sections 3 or
4 and any additional registration statements contemplated herein, including (in each case) the Prospectus, amendments and
supplements to any such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto,
and all material incorporated by reference or deemed to be incorporated by reference in any such registration statement.

 

“Rule 415”
means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“SEC Guidance”
means (i) any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff and (ii)
the Securities Act.

 

“Securities
Act” shall mean the United States Securities Act of 1933, as amended.

 

“Selling
Stockholder Questionnaire” shall have the meaning set forth in Section 6 of this Agreement.

 

“Shares”
shall have the meaning set forth in the Recitals hereof.

 

“Subscription
Agreement” shall have the meaning set forth in the Recitals hereof.

 

“Suspension
Event” shall have the meaning set forth in Section 3(c) of this Agreement.

 

“Suspension
Notice” shall have the meaning set forth in Section 3(c) of this Agreement.

 

Capitalized terms used
but not defined herein shall have the meanings set forth in the Subscription Agreement.

 

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3.          Automatic
Registration.

 

(a)          On
or prior to the Filing Date, the Company shall prepare and file with the Commission a registration statement (the “Automatic
Registration Statement”) covering the resale of all of the Registrable Securities for an offering to be made on a
continuous basis pursuant to Rule 415. The Automatic Registration Statement required hereunder shall be on Form S-1 or Form S-3,
as applicable, and shall contain substantially the “Plan of Distribution” attached hereto as Annex A. 
Subject to the terms of this Agreement, the Company shall use its reasonable best efforts to cause the Automatic Registration Statement
to be declared effective under the Securities Act as promptly as possible after the filing thereof, but in any event not later
than the Effectiveness Date, and shall use its best efforts to keep the Automatic Registration Statement continuously effective
under the Securities Act until the earlier of (i) the date when all Registrable Securities covered by the Registration Statement
have been sold thereunder or pursuant to Rule 144 or (ii) the date when all Registrable Securities covered by the Registration
Statement may be sold by non-affiliates of the Company without the requirement for the Company to be in compliance with the current
public information requirement under Rule 144(c), as determined by counsel to the Company pursuant to a written opinion letter
to such effect, addressed, delivered and acceptable to the affected Investor (the “Effectiveness Period”).
The maximum amount of Registrable Securities that may be included in the Automatic Registration Statement at any one time shall
be limited by Rule 415 as required by the Commission. In the event that there is a limitation by the Commission on the number of
Registrable Securities that may be included for registration at one time, the Company shall promptly so advise the Investors and
use its best efforts to file an additional Automatic Registration Statement covering such ineligible Registrable Securities, on
a pro-rata basis, within 30 days of the date such securities become eligible and cause such Automatic Registration Statement to
be declared effective by the Commission as soon as reasonably practicable.

 

(b)          Notwithstanding
anything to the contrary set forth herein, the Company shall have the right to delay the filing of the Registration Statement for
a period not in excess of 60 consecutive days and no more than 90 days in any consecutive 12-month period (a “Delay
Period”), if the Company is pursuing a public offering of securities and the underwriter recommends a Delay Period.

 

(c)          In
the case of an event that causes the Company to suspend the use of a Registration Statement (a “Suspension Event”),
the Company shall give written notice (a “Suspension Notice”) to the Investors to suspend sales of the
Registrable Securities included in the Registration Statement and such notice shall continue only for so long as the Suspension
Event or its effect is continuing. No Investor shall effect any sales of the Registrable Securities pursuant to such Registration
Statement (or such filings) at any time after it has received a Suspension Notice from the Company and prior to receipt of an End
of Suspension Notice (as defined below) with respect to such Registration Statement. The Investors may recommence effecting sales
of the Registrable Securities pursuant to such Registration Statement (or such filings) following further notice to such effect
(an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the
Company to the Investors in the manner described above promptly following the conclusion of any Suspension Event and its effect.

 

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(d)          If:
(i) the Automatic Registration Statement is not filed on or prior to its Filing Date (if the Company files the Automatic Registration
Statement without affording the Holders the opportunity to review and comment on the same as required by Section 5(a)
herein, the Company shall be deemed to have not satisfied this clause (i)), or (ii) a Registration Statement registering for resale
all of the Registrable Securities is not declared effective by the Commission by the Effectiveness Date (unless the reason for
such non-registration of all or any portion of the Registrable Securities is as a result of SEC Guidance under Rule 415 or similar
rule which limits the number of Registrable Securities which may be included in a registration statement with respect to the Holders),
or (iii) after the effective date of a Registration Statement, such Registration Statement ceases for any reason to remain continuously
effective as to all Registrable Securities included in such Registration Statement, or the Investors are otherwise not permitted
to utilize the prospectus therein to resell such Registrable Securities, for more than ten (10) consecutive calendar days or more
than an aggregate of fifteen (15) calendar days (which need not be consecutive calendar days) during any 12-month period (any such
failure or breach being referred to as an “Event”, and for purposes of clause (i) and (iv), the date
on which such Event occurs, and for purpose of clause (iii) the date on which such ten (10) or fifteen (15) calendar day period,
as applicable, is exceeded being referred to as an “Event Date”), then, in addition to any other rights
the Investors may have hereunder or under applicable law, on each such Event Date and on each monthly anniversary of each such
Event Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall
pay to each Investor an amount in cash, as partial liquidated damages and not as a penalty, equal to 1.0% of the aggregate purchase
price paid by such Investor pursuant to the Subscription Agreement. The parties agree that the maximum aggregate liquidated damages
payable to an Investor under this Agreement shall be 15% of the aggregate Purchase Price paid by such Investor.  If the
Company fails to pay any partial liquidated damages pursuant to this Section in full within seven days after the date payable,
the Company will pay interest thereon at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by
applicable law) to the Investor, accruing daily from the date such partial liquidated damages are due until such amounts, plus
all such interest thereon, are paid in full. The partial liquidated damages pursuant to the terms hereof shall apply on a daily
pro rata basis for any portion of a month prior to the cure of an Event. Notwithstanding the foregoing, no payments shall be owed
(i) to any affiliate of the Company, (ii) with respect to any period during which all of the holder’s Registrable Shares
may be sold by such holder under Rule 144 without the requirement for the Company to be in compliance with the current public information
requirement under Rule 144(c), or (iii) in circumstances described in Section 3(c).

 

4.          Piggyback
Registrations.

 

(a)          With
respect to any Registrable Securities not otherwise included in the Automatic Registration Statement or any other Registration
Statement as a result of any limitation imposed by the Commission under Rule 415 (the “Excluded Registrable Securities”),
whenever the Company proposes to register (including, for this purpose, a registration effected by the Company for other shareholders)
any of its securities under the Securities Act (other than pursuant to (i) an Automatic Registration pursuant to Section 3
hereof or (ii) registration pursuant to a registration statement on Form S-4 or S-8 or any successor forms thereto), and the
registration form to be used may be used for the registration of Registrable Securities (a “Piggyback Registration”),
the Company will give written notice to the holder of Excluded Registrable Securities of its intention to effect such a registration
and will, subject to the provisions of Section 4(b) hereof, include in such registration all Excluded Registrable Securities
with respect to which the Company has received a written request for inclusion therein within twenty (20) days after the receipt
of the Company’s notice.

 

    	 	- 5 -	 

     

    

 

(b)          If
a Piggyback Registration is an underwritten secondary registration on behalf of holders of the Company’s securities, and
the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included
in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability of the
offering, the Company will, if permitted by all applicable agreements, include in such registration a pro rata share of Excluded
Registrable Securities requested to be included in such Registration Statement as calculated by dividing the number of Excluded
Registrable Securities requested to be included in such Registration Statement by the number of the Company’s securities
requested to be included in such Registration Statement by all selling security holders. In such event, the holder of Excluded
Registrable Securities shall continue to have registration rights under this Agreement with respect to any Excluded Registrable
Securities not so included in such Registration Statement.

 

(c)          Notwithstanding
the foregoing, if, at any time after giving a notice of Piggyback Registration and prior to the effective date of the Registration
Statement filed in connection with such registration, the Company shall determine for any reason not to register or to delay registration
of such securities, the Company may, at its election, give written notice of such determination to each record holder of Excluded
Registrable Securities and, following such notice, (i) in the case of a determination not to register, shall be relieved of its
obligation to register any Excluded Registrable Securities in connection with such registration, and (ii) in the case of determination
to delay registering, shall be permitted to delay registering any Excluded Registrable Securities for the same period as the delay
in registering such other securities.

 

5.          Registration
Procedures. If and whenever the Company is required to effect the registration of any Registrable Securities pursuant to this
Agreement, the Company will:

 

(a)          not
less than four (4) trading days prior to the filing of each Registration Statement and not less than one (1) trading day prior
to the filing of any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated
or deemed to be incorporated therein by reference), and subject, if appropriate, to the relevant parties’ entry into a customary
agreement to maintain the confidentiality of any non-public information provided (a “Confidentiality Agreement”)
or the Company may excise any information which would constitute material non-public information regarding the Company, the Company
shall (i) furnish to one counsel on behalf of all sellers of Registrable Securities copies of all such documents proposed to be
filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review
of such sellers, and (ii) cause its officers and directors, counsel and independent registered public accountants to respond to
such inquiries as shall be necessary, in the reasonable opinion of counsel to the sellers of Registrable Securities, to conduct
a reasonable investigation within the meaning of the Securities Act. Notwithstanding the above, the Company shall not be obligated
to provide each seller of Registrable Securities advance copies of any universal shelf registration statement registering securities
in addition to those required hereunder, or any Prospectus prepared thereto.

 

    	 	- 6 -	 

     

    

 

(b)          prepare
and file with the Commission the Registration Statement with respect to such Registrable Securities and use its best efforts to
cause such Registration Statement to become effective in an expeditious manner;

 

(c)          
(i) prepare and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and
the Prospectus used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the
applicable Registrable Securities for the Effectiveness Period, (ii) cause the related Prospectus to be amended or supplemented
by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed
pursuant to Rule 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect
to a Registration Statement or any amendment thereto and provide as promptly as reasonably possible to one counsel for all sellers
of Registrable Securities true and complete copies of all correspondence from and to the Commission relating to a Registration
Statement (provided that, the Company may either obtain a Confidentiality Agreement from Investors or excise any information contained
therein which would constitute material non-public information regarding the Company), and (iv) comply in all material respects
with the applicable provisions of the Securities Act and the Exchange Act, as amended, with respect to the disposition of all Registrable
Securities covered by a Registration Statement during the applicable period in accordance (subject to the terms of this Agreement)
with the intended methods of disposition by each seller of Registrable Securities thereof set forth in such Registration Statement
as so amended or in such Prospectus as so supplemented.

 

(d)          if
during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common
Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case
prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Investors of not less than
the number of such Registrable Securities.

 

(e)          furnish
to each seller of Registrable Securities and to each underwriter such number of copies of the Registration Statement and the Prospectus
included therein (including each preliminary prospectus) as such persons reasonably may request in order to facilitate the intended
disposition of the Registrable Securities covered by such Registration Statement;

 

(f)          use
its commercially reasonable efforts (i) to register or qualify the Registrable Securities covered by such Registration Statement
under the state securities or “blue sky” laws of such jurisdictions as the sellers of Registrable Securities or, in
the case of an underwritten public offering, the managing underwriter, reasonably shall request, (ii) to prepare and file in those
jurisdictions such amendments (including post-effective amendments) and supplements, and take such other actions, as may be necessary
to maintain such registration and qualification in effect at all times for the period of distribution contemplated thereby and
(iii) to take such further action as may be necessary or advisable to enable the disposition of the Registrable Securities in such
jurisdictions, provided, that the Company shall not for any such purpose be required to qualify generally to transact business
as a foreign corporation in any jurisdiction where it is not so qualified or to consent to general service of process in any such
jurisdiction;

 

    	 	- 7 -	 

     

    

 

(g)          use
its commercially reasonable efforts to list the Registrable Securities covered by such Registration Statement with any securities
exchange on which the Common Stock of the Company is then listed;

 

(h)          immediately
notify each seller of Registrable Securities and each underwriter under such Registration Statement, at any time when a Prospectus
relating thereto is required to be delivered under the Securities Act, of the happening of any event of which the Company has knowledge
as a result of which the Prospectus contained in such Registration Statement, as then in effect, includes any untrue statement
of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing and promptly amend or supplement such Registration Statement to correct
any such untrue statement or omission;

 

(i)          promptly
notify each seller of Registrable Securities of the issuance by the Commission of any stop order suspending the effectiveness of
the Registration Statement or the initiation of any proceedings for that purpose and make every reasonable effort to prevent the
issuance of any stop order and, if any stop order is issued, to obtain the lifting thereof at the earliest possible time;

 

(j)          if
the offering is an underwritten offering, enter into a written agreement with the managing underwriter selected in the manner herein
provided in such form and containing such provisions as are usual and customary in the securities business for such an arrangement
between such underwriter and companies of the Company’s size and investment stature, including, without limitation, customary
indemnification and contribution provisions;

 

(k)          if
the offering is an underwritten offering, at the request of any Investor, furnish to such Investor on the date that Registrable
Securities are delivered to the underwriters for sale pursuant to such offering: (i) a copy of an opinion, dated such date, of
counsel representing the Company for the purposes of such registration, addressed to the underwriters, stating that such Registration
Statement has become effective under the Securities Act and that (A) to the knowledge of such counsel, no stop order suspending
the effectiveness thereof has been issued and no proceedings for that purpose have been instituted or are pending or contemplated
under the Securities Act, (B) the Registration Statement, the related Prospectus and each amendment or supplement thereof comply
as to form in all material respects with the requirements of the Securities Act (except that such counsel need not express any
opinion as to financial statements or other financial, statistical, or technical information, including without limitation information
regarding mineral reserves, mineralized material or resources, contained therein) and (C) to such other effects as reasonably may
be requested by counsel for the underwriters; and (ii) a copy of a letter dated such date from the independent public accountants
retained by the Company, addressed to the underwriters, stating that they are independent registered public accountants within
the meaning of the Securities Act and that, in the opinion of such accountants, the financial statements of the Company included
in the Registration Statement or the Prospectus, or any amendment or supplement thereof, comply as to form in all material respects
with the applicable accounting requirements of the Securities Act, and such letter shall additionally cover such other financial
matters (including information as to the period ending no more than five business days prior to the date of such letter) with respect
to such registration as such underwriters reasonably may request;

 

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(l)          take
all actions reasonably necessary to facilitate the timely preparation and delivery of certificates (not bearing any legend restricting
the sale or transfer of such securities) representing the Registrable Securities sold pursuant to the Registration Statement and
to enable such certificates to be in such denominations and registered in such names as each Investor or any underwriters may reasonably
request; and

 

(m)          take
all other reasonable actions necessary to expedite and facilitate the registration of the Registrable Securities pursuant to the
Registration Statement.

 

6.          Obligations
of Investors. Each Investor shall furnish to the Company such information regarding such Investor, the number of Registrable
Securities owned and proposed to be sold by it, the intended method of disposition of such securities and any other information
as shall be required to effect the registration of the Registrable Securities, and cooperate with the Company in preparing the
Registration Statement and in complying with the requirements of the Securities Act. Each Investor agrees to furnish to the Company
a completed questionnaire in the form attached to this Agreement as Exhibit A to the Subscription Agreement (a “Selling
Stockholder Questionnaire”) on a date that is not less than fifteen (15) trading days prior to the Filing. The Company
shall have no obligation to include in the Registration Statement Registrable Securities of an Investor who has failed to timely
furnish such information which, in the opinion of counsel to the Company, is reasonably required to be furnished or confirmed in
order for the Registration Statement, to comply with the Securities Act.

 

7.          Expenses.

 

(a)          All
expenses incurred by the Company in complying with Sections 3, 4 and 5 including, without limitation, all registration
and filing fees (including the fees of the Commission and any other regulatory body with which the Company is required to file),
printing expenses, fees and disbursements of counsel and independent public accountants for the Company, fees and expenses (including
counsel fees) incurred in connection with complying with state securities or “blue sky” laws, and fees of transfer
agents and registrars are referred to herein as “Registration Expenses”. All underwriting discounts and
selling commissions applicable to the sale of Registrable Securities are referred to herein as “Selling Expenses”.

 

(b)          The
Company will pay all Registration Expenses in connection with any Registration Statement filed hereunder, and the Selling Expenses
in connection with each such Registration Statement shall be borne by the participating sellers in proportion to the number of
Registrable Securities sold by each or as they may otherwise agree.

 

(c)          Notwithstanding
anything herein to the contrary, at the request of any Investor, the Company shall employ its counsel at the Company’s expense
to prepare any and all legal opinions necessary for the prompt removal of restrictive legends from certificates representing Registrable
Securities as, when and to the extent such legends may be removed in compliance with the Securities Act and/or Rule 144.

 

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8.          Indemnification
and Contribution.

 

(a)          In
the event of a registration of any of the Registrable Securities under the Securities Act pursuant to the terms of this Agreement,
the Company will indemnify and hold harmless and pay and reimburse, each Investor thereunder, each underwriter of such Registrable
Securities thereunder and each other person, if any, who controls such seller or underwriter within the meaning of the Securities
Act or the Exchange Act, against any losses, claims, damages or liabilities, joint or several, to which each such Investor, underwriter
or controlling person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material
fact contained in any Registration Statement under which such Registrable Securities were registered under the Securities Act pursuant
hereto or any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof, or arise out
of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading, or any violation or alleged violation of the Securities Act or any state securities
or “blue sky” laws and will reimburse each such Investor, each such underwriter and each such controlling person for
any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage,
liability or action; provided, that the Company will not be liable in any such case if and to the extent that any such loss, claim,
damage or liability arises out of or is based upon the Company’s reliance on an untrue statement or alleged untrue statement
or omission or alleged omission so made in conformity with information furnished in writing (which may include by email) by any
such seller, any such underwriter or any such controlling person in writing specifically for use in such Registration Statement
or prospectus.

 

(b)          In
the event of a registration of any of the Registrable Securities under the Securities Act pursuant hereto, each seller of such
Registrable Securities thereunder, severally and not jointly, will indemnify and hold harmless the Company, each person, if any,
who controls the Company within the meaning of the Securities Act, each officer of the Company who signs the Registration Statement,
each director of the Company, each underwriter and each person who controls any underwriter within the meaning of the Securities
Act, against all losses, claims, damages or liabilities, joint or several, to which the Company or such officer, director, underwriter
or controlling person may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon reliance on any untrue statement or alleged untrue statement of
any material fact contained in the registration statement under which such Registrable Securities were registered under the Securities
Act pursuant hereto or any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof,
or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, and will reimburse the Company and each such officer, director, underwriter
and controlling person for any legal or other expenses reasonably incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided that such seller will be liable hereunder in any such case if and only
to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue
statement or omission or alleged omission made in reliance upon and in conformity with information pertaining to such seller, as
such, furnished in writing to the Company by such seller specifically for use in such Registration Statement or prospectus; and
provided, further, that the liability of each seller hereunder shall be limited to the proceeds received by such seller from the
sale of Registrable Securities covered by such Registration Statement. Notwithstanding the foregoing, the indemnity provided in
this Section 8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or expense
if such settlement is effected without the consent of such indemnified party and provided further, that the Company shall not be
liable in any such case pursuant to this Section 8 to the extent that any such loss, claim, damage or liability (or
action in respect thereof) arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged
omission in such Registration Statement, which untrue statement or alleged untrue statement or omission or alleged omission is
completely corrected in an amendment or supplement to the Registration Statement and the undersigned indemnitees thereafter fail
to deliver or cause to be delivered such Registration Statement as so amended or supplemented prior to or concurrently with the
sale of the Registrable Securities to the person asserting such loss, claim, damage or liability (or actions in respect thereof)
or expense after the Company has furnished the undersigned with the same.

 

    	 	- 10 -	 

     

    

 

(c)          Promptly
after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a
claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof,
but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to such indemnified
party other than under this Section 8 and shall only relieve it from any liability which it may have to such indemnified
party under this Section 8 if and to the extent the indemnifying party is materially prejudiced by such omission. In
case any such action shall be brought against any indemnified party and it shall notify the indemnifying party of the commencement
thereof, the indemnifying party shall be entitled to participate in and, to the extent it shall wish, to assume and undertake the
defense thereof with counsel reasonably satisfactory to such indemnified party, and, after notice from the indemnifying party to
such indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable
to such indemnified party under this Section 8 for any legal expenses subsequently incurred by such indemnified party
in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided
that if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party
shall have reasonably concluded based upon written advice of its counsel that there may be reasonable defenses available to it
that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party
reasonably may be deemed to conflict with the interests of the indemnifying party, the indemnified party shall have the right to
select a separate counsel and to assume such legal defenses and otherwise to participate in the defense of such action, with the
expenses and fees of such separate counsel and other expenses related to such participation to be reimbursed by the indemnifying
party as incurred.

 

(d)          In
order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which either (i)
any holder of Registrable Securities exercising rights under this Agreement, or any controlling person of any such holder, makes
a claim for indemnification pursuant to this Section 8 but it is judicially determined (by the entry of a final judgment
or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal)
that such indemnification may not be enforced in such case notwithstanding the fact that this Section 8 provides for
indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any such selling holder
or any such controlling person in circumstances for which indemnification is provided under this Section 8; then, and
in each such case, the Company and such holder will contribute to the aggregate losses, claims, damages or liabilities to which
they may be subject (after contribution from others) in such proportion so that such holder is responsible for the portion represented
by the percentage that the public offering price of its Registrable Securities offered by the Registration Statement bears to the
public offering price of all securities offered by such Registration Statement, and the Company is responsible for the remaining
portion; provided, that, in any such case, (A) no such holder will be required to contribute any amount in excess of the public
offering price of all such Registrable Securities offered by it pursuant to such Registration Statement and (B) no person or entity
guilty of fraudulent misrepresentation (within the meaning of Section 12(f) of the Securities Act) will be entitled to contribution
from any person or entity who was not guilty of such fraudulent misrepresentation.

 

    	 	- 11 -	 

     

    

 

9.          Changes
in Capital Stock. If, and as often as, there is any change in the capital stock of the Company by way of a stock split, stock
dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other
means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue
as so changed.

 

10.         Representations
and Warranties of the Company. The Company represents and warrants to the Investors as follows:

 

(a)          The
execution, delivery and performance of this Agreement by the Company have been duly authorized by all requisite corporate action
and will not violate any provision of law, any order of any court or other agency of government, the Articles of Incorporation
or Bylaws of the Company or any provision of any indenture, agreement or other instrument to which it or any or its properties
or assets is bound, conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under
any such indenture, agreement or other instrument or result in the creation or imposition of any lien, charge or encumbrance of
any nature whatsoever upon any of the properties or assets of the Company or its subsidiaries.

 

(b)          This
Agreement has been duly executed and delivered by the Company and constitutes the legal, valid and binding obligation of the Company,
enforceable in accordance with its terms, subject to any applicable bankruptcy, insolvency or other laws affecting the rights of
creditors generally and to general equitable principles and the availability of specific performance.

 

11.         Rule
144 Requirements. The Company agrees to, for so long as any Investor owns Registrable Securities:

 

(a)          make
and keep current public information about the Company available, as those terms are understood and defined in Rule 144 under the
Securities Act;

 

(b)          use
its best efforts to file with the Commission in a timely manner all reports and other documents required of the Company under the
Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and

 

    	 	- 12 -	 

     

    

 

(c)          furnish
to any Investor upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule
144 and of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), (ii)
a copy of the most recent annual or quarterly report of the Company, and (iii) such other reports and documents of the Company
as such holder may reasonably request to avail itself of any similar rule or regulation of the Commission allowing it to sell any
such securities without registration.

 

12.         Termination.
All of the Company’s obligations to register Registrable Securities under Sections 3, 4, and 5 hereof
shall terminate with respect to each Investor upon the date on which such Investor no longer holds Registrable Securities or the
date on which such Investor’s Registrable Securities are eligible for resale without volume or manner of sale restrictions
pursuant to Rule 144 and without the requirement for the Company to be in compliance with the current public information requirement
under Rule 144(c), as determined by counsel to the Company pursuant to a written opinion letter to such effect, addressed, delivered
and acceptable to the affected Investor.

 

13.         Miscellaneous.

 

(a)          All
covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit
of the respective successors and assigns of the parties hereto (including without limitation transferees of any Registrable Securities),
whether so expressed or not.

 

(b)          All
notices, requests, consents and other communications hereunder shall be in writing and shall be delivered in person, mailed by
certified mail, return receipt requested, postage prepaid, addressed or sent by a nationally recognized overnight courier service:
(i) if to the Company, at Pershing Gold Corporation, 1658 Cole Boulevard, Building 6, Suite 200, Lakewood, Colorado 80401, Attn:
Stephen Alfers, President & CEO ; and (ii) if to any holder of Registrable Securities, to such holder at such address as may
have been furnished to the Company or its counsel in writing by such holder; or, in any case, at such other address or addresses
as shall have been furnished, in writing to the Company or its counsel (in the case of a holder of Registrable Securities) or to
the holders of Registrable Securities (in the case of the Company) in accordance with the provisions of this paragraph. Any notice
or other communication or deliveries hereunder shall be deemed given and effective upon actual receipt by the party or at the address
of the party to whom such notice is required to be given.

 

(c)          This
Agreement shall be governed by and construed under the laws of the State of Nevada, without giving effect to principles of conflicts
of laws. The Company and Investors (i) agree that any legal suit, action or proceeding arising out of or relating to this Agreement
may be instituted in the state or federal courts located in the State of Nevada, (ii) waive any objection which the Company or
Investors may have now or hereafter to the venue of any such suit, action or proceeding, and (iii) irrevocably consent to the jurisdiction
of any such federal or state court in any such suit, action or proceeding. The Company and Investors further agree to accept and
acknowledge service of any and all process which may be served in any such suit, action or proceeding and agree that service of
process upon the Company or Investors mailed by certified mail, return receipt requested, postage prepaid, to, in the case of the
Company, the Company’s address, and in the case of an Investor, to such Investor’s address as set forth on the Company’s
books and records, shall be deemed in every respect effective service of process upon the Company, in any such suit, action or
proceeding. THE PARTIES HERETO AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF THIS AGREEMENT OR ANY DOCUMENT OR AGREEMENT CONTEMPLATED HEREBY.

 

    	 	- 13 -	 

     

    

 

(d)          In
the event of a breach by the Company or by the Investors, of any of their obligations under this Agreement, the Investors or the
Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement, including
recovery of damages, will be entitled to specific performance of its rights under this Agreement. The Company and each of the Investors
agree that monetary damages would not provide adequate compensation for any losses incurred by reason of a breach by it of any
of the provisions of this Agreement and each of them hereby further agrees that, in the event of any action for specific performance
in respect of such breach, it shall waive the defense that a remedy at law would be adequate.

 

(e)          This
Agreement may not be amended or modified without the written consent of the Company and the holders of a majority of the Registrable
Securities.

 

(f)          Failure
of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof. No waiver shall be effective unless and until it is in writing and signed by the
party granting the waiver.

 

(g)          This
Agreement may be executed in two or more counterparts (including by facsimile or .pdf transmission) each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. This Agreement, once executed by a party,
may be delivered to the other party hereto by facsimile transmission or sent by electronic mail of a copy of this Agreement bearing
the signature of the party so delivering this Agreement.

 

(h)          If
any provision of this Agreement shall be held to be illegal, invalid or unenforceable, such illegality, invalidity or unenforceability
shall attach only to such provision and shall not in any manner affect or render illegal, invalid or unenforceable any other provision
of this Agreement, and this Agreement shall be carried out as if any such illegal, invalid or unenforceable provision were not
contained herein.

 

(i)          This
Agreement constitutes the entire agreement among the Company and the Investors relative to the subject matter hereof and supersedes
in its entirety any and all prior agreements, understandings and discussions with respect thereto.

 

(j)          The
headings of the sections of this Agreement are for convenience and shall not by themselves determine the interpretation of this
Agreement.

 

[Signature Page Follows]

 

    	 	- 14 -	 

     

    

 

Signature Page to the Registration Rights
Agreement

 

IN WITNESS WHEREOF,
the parties hereto have executed this Registration Rights Agreement as of the date set forth in the first paragraph hereof.

 

	COMPANY:	 
	 	 
	PERSHING GOLD CORP. 	 
	 	 	 
	By:	 	 
	 	Name: 	 
	 	Title:	 

 

INVESTORS:

 

The Investors set forth on Exhibit A
to this Agreement have executed a Subscription Agreement with the Company which provides, among other things, that by executing
the Subscription Agreement each Investor is deemed to have executed the REGISTRATION RIGHTS AGREEMENT in all respects and is bound
by its terms.

 

Signature Page
to the Registration Rights Agreement

 

     

     

    

 

Annex A

Form of 

Plan of Distribution

 

Each Selling Stockholder
(the “Selling Stockholders”) of the securities and any of their pledgees, assignees and successors-in-interest
may, from time to time, sell any or all of their securities covered hereby on the Nasdaq Stock Market or any other stock exchange,
market or trading facility on which the securities are traded or in private transactions.  These sales may be at fixed
or negotiated prices.  A Selling Stockholder may use any one or more of the following methods when selling securities:

 

		·	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

		·	block trades in which the broker-dealer will attempt to sell the securities as agent but may position
and resell a portion of the block as principal to facilitate the transaction;

 

		·	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

 

		·	an exchange distribution in accordance with the rules of the applicable exchange;

 

		·	privately negotiated transactions;

 

		·	settlement of short sales entered into after the effective date of the registration statement of
which this prospectus is a part;

 

		·	in transactions through broker-dealers that agree with the Selling Stockholders to sell a specified
number of such securities at a stipulated price per security;

 

		·	through the writing or settlement of options or other hedging transactions, whether through an
options exchange or otherwise;

 

		·	a combination of any such methods of sale; or

 

		·	any other method permitted pursuant to applicable law.

 

The Selling Stockholders
may also sell securities under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”),
if available, rather than under this prospectus.

 

Broker-dealers engaged
by the Selling Stockholders may arrange for other broker-dealers to participate in sales.  Broker-dealers may receive
commissions or discounts from the Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of securities,
from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an
agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal
transaction a markup or markdown in compliance with FINRA IM-2440.

 

    	 	Annex-1	 

     

    

 

In connection with
the sale of the securities or interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the securities in the course of hedging the positions
they assume.  The Selling Stockholders may also sell securities short and deliver these securities to close out their
short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities.  The Selling
Stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or create one
or more derivative securities which require the delivery to such broker-dealer or other financial institution of securities offered
by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as
supplemented or amended to reflect such transaction).

 

The Selling Stockholders
and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters” within
the meaning of the Securities Act in connection with such sales.  In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act.  Each Selling Stockholder has informed the Company that it does not have any written or oral
agreement or understanding, directly or indirectly, with any person to distribute the securities. In no event shall any broker-dealer
receive fees, commissions and markups which, in the aggregate, would exceed eight percent (8%).

 

The Company is required
to pay certain fees and expenses incurred by the Company incident to the registration of the securities.  The Company
has agreed to indemnify the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities
under the Securities Act.

 

Because Selling Stockholders
may be deemed to be “underwriters” within the meaning of the Securities Act, they will be subject to the prospectus
delivery requirements of the Securities Act including Rule 172 thereunder.  In addition, any securities covered by this
prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this
prospectus. The Selling Stockholders have advised us that there is no underwriter or coordinating broker acting in connection with
the proposed sale of the resale securities by the Selling Stockholders.

 

The Company has agreed
to keep this prospectus effective until the earlier of (i) the date on which the securities may be resold by the Selling Stockholders
without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement
for the Company to be in compliance with the current public information under Rule 144(c) under the Securities Act or any other
rule of similar effect or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under the Securities
Act or any other rule of similar effect.  The resale securities will be sold only through registered or licensed brokers
or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby
may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration
or qualification requirement is available and is complied with.

 

    	 	Annex-2	 

     

    

 

Under applicable rules
and regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously
engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation
M, prior to the commencement of the distribution.  In addition, the Selling Stockholders will be subject to applicable
provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of
purchases and sales of securities of the common stock by the Selling Stockholders or any other person.  We will make
copies of this prospectus available to the Selling Stockholders and have informed them of the need to deliver a copy of this prospectus
to each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

 

    	 	Annex-3Exhibit 10.58

 

Instructions to subscribe for Shares

in the private offering of

PERSHING GOLD CORPORATION

 

		1.	On the Signature Page for the Subscription Agreement,
Date and Fill in the number of shares (the “Shares” or the “Securities”) that you
wish to purchase at a price of $3.40 per share. Then, complete and sign the Signature Page in the Subscription Agreement.

 

		2.	Initial the Accredited Investor Certification attached
to this Subscription Agreement.

 

		3.	Complete and Sign the Selling Stockholder Notice
and Questionnaire attached hereto as Exhibit A.

 

NOTICE: Please note
that by executing the attached Subscription Agreement, you will represent and warrant that you have executed the Registration Rights
Agreement and agreed to all exhibits attached thereto, as the same may be amended from time to time (collectively the “Transaction
Documents”), and will be treated for all purposes as if you did review, approve and execute, if required, each such Transaction
Document, even though you may not have physically signed the signature pages to such documents.

 

		4.	Complete and Return the attached Purchaser Questionnaire
and, if applicable, the Wire Transfer Authorization attached to this Subscription Agreement.

 

For
wiring funds directly to the Company, use the following instructions:

 

COMPANY:

Pershing Gold Corporation

1658 Cole Boulevard

Building 6, Suite 210

Lakewood, CO 80401

 

BANK:

Wells Fargo Bank, N.A.

MAC C7312-080

143 Union Blvd. Ste. 500

Lakewood, CO 80228

303.906.2094

 

ACCOUNT NUMBER: 

ABA ROUTING NUMBER: 

 

     

     

    

 

ALL SUBSCRIPTION DOCUMENTS MUST BE COMPLETELY
FILLED IN, AND SIGNED AS DESCRIBED ABOVE.

 

    ii 

     

    

 

SUBSCRIPTION AGREEMENT

 

PERSHING GOLD CORPORATION

 

February 4, 2016

 

Pershing Gold Corporation

1658 Cole Boulevard

Building 6, Suite 210

Lakewood, Colorado 80401

Attn: Stephen Alfers, President & CEO

 

Ladies and Gentlemen:

 

1.          Subscription.
The undersigned (the “Purchaser”) will purchase 367,647 shares of the Company’s Common Stock, par
value $0.0001 per share (the “Shares”) at a price of $3.40 per Share, which price reflects the closing bid price
for the Company’s shares on February 3, 2016, the day immediately preceding the date of this Subscription Agreement, for
an aggregate purchase price of $1,249,999.80 (the “Purchase Price” and, when referring to the transaction as
a whole, the “Offering”).

 

The Company anticipates
conducting a private placement of Units consisting of one share of Common Stock and one warrant to purchase 0.5 shares of Common
Stock in an offering for a maximum of $6,000,000 and a minimum of $1,500,000 (the “Investor Private Placement”).
Upon closing of the Investor Private Placement, the Purchaser agrees to terminate the Registration Rights Agreement entered into
as a part of this Offering and enter into the Registration Rights Agreement entered into by the investors participating in the
Investor Private Placement.

 

In the event that Nasdaq
determines the delivery of the shares to be purchased in this Offering requires Shareholder Approval, or in the event that Nasdaq
does not accept or approve the listing of additional shares notice for this Offering, all monies paid by the Purchaser will be
returned to the Purchaser without interest and this Subscription Agreement will terminate, except that Sections 3, 4, 9, 12 and
13 will not terminate but will continue with full force and effect.

 

2.          Payment.
The Purchaser will immediately make a wire transfer payment to the Company pursuant to the wire instructions provided on the signature
page below, in the full amount of the purchase price of the Shares being subscribed for. Together with the wire transfer of the
full purchase price, the Purchaser is delivering a completed and executed Signature Page to this Subscription Agreement, along
with a completed and executed Accredited Investor Certification, which is annexed hereto. By executing this Subscription Agreement,
the Purchaser represents and warrants that it has executed the Registration Rights Agreement (this Subscription Agreement and the
Registration Rights Agreement, collectively, the “Transaction Documents”), and will be treated for all purposes as
if it did review, approve and execute, if required, each such Transaction Document, even though the Purchaser may not have physically
signed the signature pages to such documents.

 

     

     

    

 

3.          Representations
and Warranties of the Purchaser. The Purchaser hereby acknowledges, represents, warrants, and agrees as follows:

 

(a)          None
of the Securities have been registered under the United States Securities Act of 1933, as amended (the “Securities Act”),
or any applicable state securities laws. The Purchaser understands that the offering and sale of the Securities is intended to
be exempt from the registration requirements of the Securities Act, by virtue of Section 4(a)(2) thereof and Rule 506 of Regulation
D promulgated thereunder, based, in part, upon the representations, warranties and agreements of the Purchaser contained in this
Subscription Agreement. The Purchaser agrees to supply all requested documents and information to ensure compliance as may be requested
by the Company;

 

(b)          Prior
to the execution of this Subscription Agreement, the Purchaser and the Purchaser’s attorney, accountant, purchaser representative
and/or tax advisor, if any (collectively, “Advisors”), received and carefully reviewed this Subscription Agreement,
and each of the Transaction Documents, and all other documents requested by the Purchaser or its Advisors, and understood the information
contained therein;

 

(c)          Neither
the United States Securities and Exchange Commission (the “Commission”) nor any state securities commission
has approved or disapproved of the Securities or passed upon or endorsed the merits of the Offering. No representation to the contrary
has been made to the Purchaser, and any such representation could be a criminal offense;

 

(d)          All
documents, records, and books pertaining to the investment in the Securities including, but not limited to, all information regarding
the Company, requested by the Purchaser and its Advisors, were made available for inspection and review;

 

(e)          The
Purchaser and its Advisors have had a reasonable opportunity to ask questions of and receive answers from the Company’s officers
and any other persons authorized by the Company to answer such questions, concerning the Offering, the Securities, the Transaction
Documents and the business, financial condition, results of operations and prospects of the Company, and all such questions have
been answered by the Company to the full satisfaction of the Purchaser and its Advisors;

 

(f)          The
Purchaser is unaware of, is in no way relying on, and did not become aware of the offering of the Securities through or as a result
of, any form of general solicitation or general advertising including, without limitation, any article, notice, advertisement or
other communication published in any newspaper, magazine or similar media or broadcast over television, radio or over the Internet,
in connection with the offering and sale of the Securities and is not subscribing for the Securities and did not become aware of
the Offering through or as a result of any seminar or meeting, or any solicitation of a subscription, involving a person not previously
known to the Purchaser in connection with investments in securities generally;

 

     

     

    

 

(g)          The
Purchaser has taken no action which would give rise to any claim by any person for brokerage commissions, finders’ fees or
the like relating to this Subscription Agreement or the transactions contemplated hereby;

 

(h)          The
Purchaser, either alone or together with its Advisors has such knowledge and experience in financial, tax, and business matters,
and, in particular, investments in securities, so as to enable it to utilize the information made available to it in connection
with the Offering to evaluate the merits and risks of an investment in the Securities and the Company and to make an informed investment
decision with respect thereto;

 

(i)          The
Purchaser is not relying on the Company or any of its respective employees or agents with respect to the legal, tax, economic and
related considerations of an investment in any of the Securities, and as to such matters the Purchaser has relied on the advice
of, or has consulted with, only its own Advisors;

 

(j)          The
Purchaser is acquiring the Securities solely for its own account for investment purposes and not with a view to resale or distribution
thereof, in whole or in part. The Purchaser has no agreement or arrangement, formal or informal, with any person to sell or transfer
all or any part of any of the Securities, and the Purchaser has no plans to enter into any such agreement or arrangement;

 

(k)          The
Purchaser understands and agrees that purchase of the Securities is a high-risk investment and the Purchaser is able to afford
an investment in a speculative venture having the risks and objectives of the Company. The Purchaser knows it must bear the substantial
economic risks of the investment in the Securities indefinitely because none of the Securities may be offered, sold, pledged, hypothecated
or otherwise transferred or disposed of, directly or indirectly, unless subsequently registered under the Securities Act and applicable
state securities laws or an exemption from such registration requirements is available. Legends will be placed on the certificates
representing the Securities to the effect that the Securities have not been registered under the Securities Act or applicable state
securities laws, and appropriate notations thereof will be made in the Company’s books;

 

(l)          The
Purchaser has adequate means of providing for its current financial needs and foreseeable contingencies and has no need for liquidity
from its investment in the Securities for an indefinite period of time;

 

(m)          The
Purchaser is aware that an investment in the Securities involves a number of very significant risks and has carefully read and
considered the Company's periodic filings with the Commission, and, in particular, the matters under the caption “Risk Factors”
therein, and understands any of such risk may materially adversely affect the Company’s operations and future prospects;

 

(n)          At
the time the Purchaser was offered the Securities, it was, and as of the date hereof it is, an “accredited investor”
within the meaning of Regulation D, Rule 501(a), promulgated by the Commission under the Securities Act; the Purchaser has truthfully
and accurately completed the Purchaser Questionnaire attached to this Subscription Agreement and will submit to the Company in
writing such further assurances and information of such status as may be reasonably requested by the Company in order to verify
Accredited Investor status under Regulation D, Rule 506;

 

     

     

    

 

(o)          The
Purchaser: (i) if a natural person, represents that the Purchaser has reached the age of 21 and has full power and authority to
execute and deliver this Subscription Agreement and all other related agreements or certificates and to carry out the provisions
hereof and thereof; (ii) if a corporation, partnership, or limited liability company, or association, joint stock company, trust,
unincorporated organization or other entity, represents that such entity was not formed for the specific purpose of acquiring the
Securities, such entity is duly organized, validly existing and in good standing under the laws of the state of its organization,
the consummation of the transactions contemplated hereby is authorized by, and will not result in a violation of state law or its
charter or other organizational documents, such entity has full power and authority to execute and deliver this Subscription Agreement
and all other related agreements or certificates and to carry out the provisions hereof and thereof and to purchase and hold the
Securities, the execution and delivery of this Subscription Agreement has been duly authorized by all necessary action, this Subscription
Agreement has been duly executed and delivered on behalf of such entity and is a legal, valid and binding obligation of such entity;
or (iii) if executing this Subscription Agreement in a representative or fiduciary capacity, represents that it has full power
and authority to execute and deliver this Subscription Agreement in such capacity and on behalf of the subscribing individual,
ward, partnership, trust, estate, corporation, or limited liability company or partnership, or other entity for whom the Purchaser
is executing this Subscription Agreement, and such individual, partnership, ward, trust, estate, corporation, or limited liability
company or partnership, or other entity has full right and power to perform pursuant to this Subscription Agreement and make an
investment in the Company, and represents that this Subscription Agreement constitutes a legal, valid and binding obligation of
such entity. The execution and delivery of this Subscription Agreement will not violate or be in conflict with any order, judgment,
injunction, agreement or controlling document to which the Purchaser is a party or by which it is bound;

 

(p)          The
Purchaser hereby acknowledges receipt and careful review of this Subscription Agreement, the Registration Rights Agreement, and
all other exhibits, annexes and appendices thereto (collectively referred to as the “Offering Materials”), and
has had access to the Company’s Annual Report on Form 10-K and the exhibits thereto for the fiscal year ended December 31,
2014 (the “Form 10-K”) as well as all subsequent periodic and current reports filed with the Commission as publicly
filed with and available at the website of the Commission which can be accessed at www.sec.gov.

 

(q)          The
Purchaser represents to the Company that any information which the Purchaser has heretofore furnished or is furnishing herewith
to the Company is complete and accurate and may be relied upon by the Company in determining the availability of an exemption or
exclusion from registration under the Securities Act and any state securities laws in connection with the offering of Securities
as described herein;

 

(r)          The
Purchaser has significant prior investment experience, including investment in unregistered securities. The Purchaser has a sufficient
net worth to sustain a loss of its entire investment in the Company in the event such a loss should occur. The Purchaser’s
overall commitment to investments which are not readily marketable is not excessive in view of the Purchaser’s net worth
and financial circumstances and the purchase of the Securities will not cause such commitment to become excessive. This investment
is a suitable one for the Purchaser;

 

     

     

    

 

(s)          The
Purchaser is satisfied that it has received adequate information with respect to all matters which it or its Advisors, if any,
consider material to its decision to make this investment;

 

(t)          No
oral or written representations have been made, or oral or written information furnished, to the Purchaser or its Advisors, if
any, in connection with the offering of the Securities;

 

(u)          Within
five (5) days after receipt of a request from the Company, the Purchaser will provide such information and deliver such documents
as may reasonably be necessary to comply with any and all laws to which the Company or this Offering is subject;

 

(v)         THE
SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED
AND SOLD IN RELIANCE ON EXEMPTIONS OR EXCLUSIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES ARE
SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED, TRANSFERRED OR DISPOSED
OF, DIRECTLY OR INDIRECTLY, EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER REGULATORY AUTHORITY,
NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY
IS UNLAWFUL;

 

(w)          In
making an investment decision, the Purchaser has relied on its own examination of Company and the terms of the Offering, including
the merits and risks involved;

 

(x)          The
Purchaser consents to the placement of a legend on any certificate or other document evidencing the Securities to the effect that
such securities have not been registered under the Securities Act or any state securities or “blue sky” laws and setting
forth or referring to the restrictions on transferability and sale applicable thereto and referenced in this Agreement. The Purchaser
is aware that the Company will make a notation in its appropriate records with respect to the restrictions on the transferability
of such Securities. The legend to be placed on each certificate shall be in form substantially similar to the following:

 

     

     

    

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE WERE ISSUED PURSUANT TO A FEBRUARY 4, 2016 PRIVATE PLACEMENT AND HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY STATE SECURITIES OR “BLUE SKY LAWS,” AND MAY
NOT BE OFFERED, SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR
COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL, REASONABLY SATISFACTORY
TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

(y)          The
Purchaser acknowledges that if he or she is a registered representative of a Financial Industry Regulatory Authority (“FINRA”)
member firm, he or she must give such firm the notice required by the FINRA’s Rules of Fair Practice, receipt of which must
be acknowledged by such firm prior to an investment in the Securities.

 

(z)          The
Purchaser agrees not to issue any public statement with respect to the Offering, the Purchaser’s investment or proposed investment
in the Company or the terms of any agreement or covenant between them and the Company without the Company’s prior written
consent, except such disclosures as may be required under applicable law.

 

(aa)         The
Purchaser acknowledges that the Offering and the information contained in the Offering Materials or otherwise made available to
the Purchaser is confidential and non-public and agrees that the Offering and all information shall be kept in confidence by the
Purchaser and neither used by the Purchaser for the Purchaser’s personal benefit (other than in connection with this subscription)
nor disclosed to any third party for any reason, notwithstanding that a Purchaser’s subscription may not be accepted by the
Company; provided, however, that (a) the Purchaser may disclose such information to its affiliates and advisors who may have a
need for such information in connection with providing advice to the Purchaser with respect to its investment in the Company so
long as such affiliates and advisors have an obligation of confidentiality, and (b) this obligation shall not apply to any such
information that (i) is part of the public knowledge or literature and readily accessible at the date hereof, (ii) becomes part
of the public knowledge or literature and readily accessible by publication (except as a result of a breach of this provision)
or (iii) is received from third parties without an obligation of confidentiality (except third parties who disclose such information
in violation of any confidentiality agreements or obligations, including, without limitation, any subscription or other similar
agreement entered into with the Company).

 

(bb)         The
Purchaser understands that the Securities are “restricted securities” as defined in Rule 144 of the Securities Act
and are therefore subject to restrictions on resale. The Purchaser understands and hereby acknowledges that, except as provided
in the Registration Rights Agreement, the Company is under no obligation to register the Securities under the Securities Act or
any state securities or “blue sky” laws or to assist the Purchaser in obtaining an exemption from various registration
requirements, other than as set forth herein.

 

     

     

    

 

4.          Indemnification.
The Purchaser agrees to indemnify and hold harmless the Company and each of its respective officers, directors, managers, employees,
agents, attorneys, control persons and affiliates upon demand from and against all losses, liabilities, claims, damages, costs,
fees and expenses whatsoever (including, but not limited to, any and all expenses incurred in investigating, preparing or defending
against any litigation commenced or threatened) based upon or arising out of any actual or alleged false acknowledgment, representation
or warranty, or misrepresentation or omission to state a material fact, or breach by the Purchaser of any covenant or agreement
made by the Purchaser herein or in any other document delivered in connection with this Subscription Agreement or any other Transaction
Document.

 

5.          Binding
Effect. This Subscription Agreement will survive the death or disability of the Purchaser and will be binding upon and inure
to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives, and permitted assigns.
If the Purchaser is more than one person, the obligations of the Purchaser hereunder will be joint and several and the agreements,
representations, warranties and acknowledgments herein will be deemed to be made by and be binding upon each such person and such
person’s heirs, executors, administrators, successors, legal representatives and permitted assigns.

 

6.          Modification.
This Subscription Agreement will not be modified or waived except by an instrument in writing signed by the party against whom
any such modification or waiver is sought.

 

7.          Notices.
Any notice or other communication required or permitted to be given hereunder will be in writing and will be mailed by certified
mail, return receipt requested, or delivered by reputable overnight courier such as FedEx against receipt to the party to whom
it is to be given (a) if to the Company, at the address set forth on the signature page below or (b) if to the Purchaser, at the
address set forth on the signature page hereof (or, in either case, to such other address as the party being notified will have
furnished in writing in accordance with the provisions of this Section 7). Any notice or other communication given by certified
mail will be deemed given at the time of certification thereof, except for a notice changing a party’s address which will
be deemed given at the time of receipt thereof. Any notice or other communication given by overnight courier will be deemed given
at the time of delivery.

 

8.          Assignability.
This Subscription Agreement and the rights, interests and obligations hereunder are not transferable or assignable by the Purchaser
and the transfer or assignment of any of the Securities will be made only in accordance with all applicable laws.

 

9.          Applicable
Law. This Subscription Agreement will be governed by and construed under the laws of the State of Nevada as applied to agreements
among Nevada residents entered into and to be performed entirely within Nevada. The parties hereto (1) agree that any legal suit,
action or proceeding arising out of or relating to this Subscription Agreement may be instituted in the state or federal courts
sitting in the State of Nevada, (2) waive any objection which the parties may have now or hereafter to the venue of any such suit,
action or proceeding, and (3) irrevocably consent to the jurisdiction of the state and federal courts sitting in the State of Nevada
in any such suit, action or proceeding. Each of the parties hereto further agrees to accept and acknowledge service of any and
all process which may be served in any such suit, action or proceeding in the state or federal courts sitting in Nevada and agrees
that service of process upon it mailed by certified mail to its address will be deemed in every respect effective service of process
upon it, in any such suit, action or proceeding.  THE PARTIES HERETO, TO THE EXTENT PERMITTED BY APPLICABLE LAW, WAIVE THEIR
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS SUBSCRIPTION AGREEMENT OR ANY
DOCUMENT OR AGREEMENT CONTEMPLATED HEREBY.

 

     

     

    

 

10.         Blue
Sky Qualification. The purchase of Securities pursuant to this Subscription Agreement is expressly conditioned upon the exemption
from qualification of the offer and sale of the Securities from applicable federal and state securities laws.

 

11.         Use
of Pronouns. All pronouns and any variations thereof used herein will be deemed to refer to the masculine, feminine, neuter,
singular or plural as the identity of the person or persons referred to may require.

 

12.         Confidentiality.
The Purchaser acknowledges and agrees that any information or data the Purchaser has acquired from or about the Company not otherwise
properly in the public domain, was received in confidence. The Purchaser agrees not to divulge, communicate or disclose, except
as may be required by law or for the performance of this Subscription Agreement, or use to the detriment of the Company or for
the benefit of any other person or persons, or misuse in any way, any confidential information of the Company, including any trade
or business secrets of the Company and any business materials that are treated by the Company as confidential or proprietary, including,
without limitation, confidential information obtained by or given to the Company about or belonging to third parties.

 

13.         Miscellaneous.

 

(a)          This
Subscription Agreement, together with the other Transaction Documents, constitutes the entire agreement between the Purchaser and
the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings, if
any, relating to the subject matter hereof. The terms and provisions of this Subscription Agreement may be waived, or consent for
the departure therefrom granted, only by a written document executed by the party entitled to the benefits of such terms or provisions.

 

(b)          Each
of the Purchaser’s and the Company’s representations and warranties made in this Subscription Agreement will survive
the execution and delivery hereof and delivery of the Securities.

 

(c)          Each
of the parties hereto will pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others
engaged by such party) in connection with this Subscription Agreement and the transactions contemplated hereby whether or not the
transactions contemplated hereby are consummated.

 

     

     

    

 

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

 

(e)          Each
provision of this Subscription Agreement will be considered separable and, if for any reason any provision or provisions hereof
are determined to be invalid or contrary to applicable law, such invalidity or illegality will not impair the operation of or affect
the remaining portions of this Subscription Agreement.

 

(f)          Paragraph
titles are for descriptive purposes only and will not control or alter the meaning of this Subscription Agreement as set forth
in the text.

 

14.         Signature
Page. It is hereby agreed by the parties hereto that the execution by the Purchaser of this Subscription Agreement, in the
place set forth below, will be deemed and constitute the agreement by the Purchaser to be bound by all of the terms and conditions
hereof as well as by each of the other Transaction Documents, and will be deemed and constitute the execution by the Purchaser
of all such Transaction Documents without requiring the Purchaser’s separate signature on any of such Transaction Documents.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

     

     

    

 

PERSHING GOLD CORPORATION

 

SIGNATURE PAGE TO

SUBSCRIPTION AGREEMENT

 

Purchaser
hereby elects to purchase a total of ___________ Shares(s) at a purchase price of $3.40 per Share (NOTE: to be completed by the
Purchaser).

 

Date (NOTE: To be completed by the Purchaser):
February 4, 2016

 

 

 

If the
Purchaser is an INDIVIDUAL, and if purchased as JOINT TENANTS, as TENANTS IN COMMON, or as COMMUNITY PROPERTY:

 

	 	 	 
	Print Name(s)	 	Social Security Number(s)
	 	 	 
	 	 	 
	Signature(s) of Purchaser(s)	 	Signature
	 	 	 
	 	 	 
	Date	 	Address
	 	 	 	 
	If the Purchaser is a PARTNERSHIP, CORPORATION, LIMITED LIABILITY COMPANY or TRUST:
	 	 	 
	 	 	 
	Name of Partnership, Corporation, Limited	 	Federal Taxpayer
	Liability Company or Trust	 	Identification Number

 

	By:	 	 	 
	 	Name:	 	 	State of Organization
	 	Title:	 	 	 
	 	 	 	 
	 	 	 	 
	Date	 	Address
	 	 	 
	AGREED AND ACCEPTED:	 	 
	 	 	 
	PERSHING GOLD CORPORATION	 	 
	 	 	 
	By:	 	 	 
	 	Name:	 	 	Date
	 	Title:

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