Document:

Exhibit 10.23

 

 

AMENDMENT TO MANAGEMENT AND SERVICES AGREEMENT

 

 

THIS AMENDMENT TO MANAGEMENT AND SERVICES
AGREEMENT (the "Amendment") is made and entered into effective as of the 15th day of May, 2013, by and between American
Sands Energy Corp., a Delaware corporation (the "Company") and LIFE Power & Fuels, LLC (the "LIFE").

W I T N E S S E T H:

WHEREAS, the Company and LIFE entered
into a Management and Services Agreement dated as of April 1, 2012 (the “Agreement”);

Whereas, the Company and LIFE desire to amend
such Agreement as set forth herein;

 

NOW, THEREFORE, in consideration of the foregoing,
the Company and the LIFE hereby mutually covenant and agree as follows:

 

		1.	Effective January 1, 2013, Section B, Compensation, is amended to read as follows:

 

		(i)	as consideration to LIFE for the services provided hereunder, the Company agrees to pay a monthly fee to LIFE of $5,000. This
amount shall be increased to $25,000 a month if Daniel Carlson ceases to be employed by the Company, effective the month following
his cessation of employment. The monthly consideration will be accrued until the Company raises a minimum of $10,000,000 in an
equity or debt offering. At the time of the closing of such offering, LIFE shall convert all outstanding amounts hereunder into
the equity or debt instruments issued by the Company in such offering. 

 

		(ii)	Any amounts currently accrued and payable to LIFE under this Agreement shall be reduced by the amount of $200,000.

 

		2.	All other terms and conditions of the Agreement shall remain the same.

 

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the Company has caused
this Agreement to be executed by its duly authorized officer, and the LIFE has executed this Agreement, on the date and year first
above written.

	 	"COMPANY"
	 	 
	 	American Sands Energy Corp.
	 	 
	 	 
	 	 
	 	By: /s/ William C. Gibbs
	 	William C. Gibbs, Chief Executive Officer
	 	 
	 	 
	 	 
	 	"LIFE"
	 	 
	 	 
	 	/s/ Daniel Carlson
	 	Daniel CarlsonExhibit 10.24

 

SECOND
AMENDMENT to Convertible Promissory Note

 

 

THIS SECOND AMENDMENT TO
CONVERTIBLE PROMISSORY NOTE, dated as of May 15, 2013 (this “Amendment”) to the 5% Convertible Promissory Note
referred to below is entered into by and between Green River Resources, Inc., a Utah corporation, (the “Company”)
and Hidden Peak Partners LC (“HPP”).

 

WHEREAS, the Company issued
the 5% Convertible Promissory Note dated January 24, 2012, in the principal amount of US$1,446,551 to Bleeding Rock, LLC, which
assigned such note to HPP on or about January 31, 2012 (the “Original Note”); and

 

WHEREAS, the Original Note
was amended by an Amendment to Convertible Promissory Note, dated as of August 9, 2012 (together, the Original Note as so amended
is hereinafter referred to as the “Note”); and

 

WHEREAS, the parties hereto
wish to further amend the Note as set forth below.

 

NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree
as follows:

 

SECTION 1.Definitions.
Reference is hereby made to the Note for a statement of the terms thereof. All terms used in this Amendment which are used but
not otherwise defined herein shall have the same meanings herein as set forth in the Note.

 

SECTION 2.Amendment to Section 1 (Payment
and Interest). Section 1 of the Note is amended to read as follows:

 

This Note shall be due and payable
(the “Maturity Date”) at the earlier of April 30, 2014 or the date that the Company raises not less than $10 million
of gross proceeds (whether from debt, equity, a combination of debt and equity, or through a single financing or series of financings).
The Maker shall pay to the Note Holder interest on the principal amount of this Note at the rate of five percent (5%) per annum
from the date of this Note through December 31, 2012. Thereafter, interest shall cease to accrue. The principle amount of this
Note, together with accrued interest, shall be due and payable on the Maturity Date.

 

SECTION 3.Amendment
to Section 2. The following language shall be added to Section 2, after the first paragraph:

 

If this Note is not converted
by Holder prior to the Maturity Date as provided above, Maker shall have the right to convert it at the Maturity Date. Such conversion
shall be effected at the rate of one Share for each $0.50 of principal amount plus accrued and unpaid interest of this Note, all
subject to such adjustment in such conversion price, if any, as may be required by the provisions of this Note. No fractions of
Shares will be issued on such conversion, but instead of any fractional interest, the Maker will pay cash adjustments as provided
herein. At the time of conversion, at the election of the Holder, the Maker will pay to Holder an amount in cash equal to the amount
the Holder owes in taxes in connection with the receipt of Shares upon conversion in payment of this Note as provided above. This
cash payment will be made at the same time the principal and accrued interest is converted hereunder. There will be a dollar for
dollar reduction in shares issued in connection with payments by the Maker for such taxes.

    	1

    	 

    

 

SECTION 4.Amendment to Section 5.
The following language shall be added to Section 5:

 

c.This Note shall have been converted
in accordance with Section 2 above.

 

SECTION 5.General Provisions.

 

(a)Except as amended
hereby, the Note shall continue to be, and shall remain, in full force and effect. This Amendment shall not, except as otherwise
provided herein, be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition
of the Note or (ii) to prejudice any right or rights which the parties may now have or may have in the future under or in connection
with the Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

(b)The terms of the Note
are incorporated herein by reference and shall form a part of this Amendment as if set forth herein in their entirety.

 

 

SIGNATURE PAGE FOLLOWS

    	2

    	 

    

 

 

IN WITNESS WHEREOF, each
of the parties hereto has caused this Amendment to be executed by its officer thereunto duly authorized, as of the respective dates
set forth below.

 

	 	Green River Resources, Inc.
	 	 
	 	 
	 	 
	 	By /s/ William C. Gibbs
	 	      William C. Gibbs, President
	 	 
	 	 
	 	Hidden Peak Partners LC
	 	 
	 	 
	 	 
	 	By /s/ William C. Gibbs
	 	      William C. Gibbs, Manager

 

 

 

Authorized and agreed to:

 

American Sands Energy Corp.

 

 

By /s/ Andrew F. Rosenfeld

Andrew F. Rosenfeld, PresidentExhibit 10.25

 

Second
AMENDMENT to Convertible Promissory Note

 

 

THIS AMENDMENT, dated as
of May 15, 2013 (this “Amendment”) to the Convertible Promissory Note referred to below is entered into by and
between American Sands Energy Corp., a Delaware corporation, (the “Company”) and Bleeding Rock, LLC, a Utah
limited liability company (the “Lender”).

 

WHEREAS, GreenRiver Resources
Corp., a Canadian corporation (“GRC”), issued the Convertible Promissory Note dated May 31, 2011, in the principal
amount of US$214,281.40 to Bleeding Rock (the “Note”);

 

WHEREAS, in connection
with the closing of the Stock Exchange Agreement dated April 29, 2011, as amended, between GRC and the predecessor to the Company,
the Company assumed the obligations of GRC under the Note;

 

WHERAS, the Note was amended
August 9, 2012;

 

WHEREAS, the parties hereto
wish to further amend the Note as provided below.

 

NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree
as follows:

 

SECTION 1.Definitions.
Reference is hereby made to the Note for a statement of the terms thereof. All terms used in this Amendment which are used but
not otherwise defined herein shall have the same meanings herein as set forth in the Note.

 

SECTION 2.Amendments.

 

(a)Amendment to Section
1 (Payments of Principal and Interest). Section 1 of the Note is amended to provide that interest will accrue through December
31, 2012, and thereafter, interest shall cease to accrue.

 

(b)Amendment to Section 6.1 (Conversion
Right). Section 6.1 of the Note is amended to read as follows:

 

“Lender shall have the option
at any time prior to the Due Date to convert all, but not less than all, of the principal amount of the Note and all accrued interest
thereon into 535,704 shares of common stock of the Company. At the time of conversion, at the election of the Lender, the Company
will pay to Lender an amount in cash equal to the amount Lender owes in taxes in connection with the receipt of shares upon conversion
in payment of this Note as provided above. This cash payment will be made at the time of conversion. There will be a dollar for
dollar reduction in shares issued in connection with payments by the Company for such taxes. In addition, Lender shall have the
right, at any time, to convert this Note as provided above.”

 

 

    	1

    	 

    

 

SECTION 3.Effective
Date. The effective date of this Amendment shall be January 1, 2013.

 

SECTION 4.Limited
Waiver. The Lender hereby grants to the Company a limited waiver of the obligation to convert the Note prior to the date of
this Amendment.

 

SECTION 5.General Provisions.

 

(a)Except as amended
hereby, the Note shall continue to be, and shall remain, in full force and effect. This Amendment shall not, except as otherwise
provided herein, be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition
of the Note or (ii) to prejudice any right or rights which the parties may now have or may have in the future under or in connection
with the Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

(b)The terms
of the Note are incorporated herein by reference and shall form a part of this Amendment as if set forth herein in their entirety.

 

 

[Signature page follows]

 

    	2

    	 

    

 

IN WITNESS WHEREOF, each
of the parties hereto has caused this Amendment to be executed by its officer thereunto duly authorized, as of the respective dates
set forth below.

 

	 	American Sands Energy Corp.
	 	 
	 	 
	 	 
	 	By /s/ Andrew F. Rosenfeld
	 	      Andrew F. Rosenfeld, President
	 	 
	 	 
	 	Bleeding Rock, LLC
	 	 
	 	 
	 	 
	 	By /s/ William C. Gibbs
	 	      William C. Gibbs, Managing Member

 

 

 

 

 

    	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]