Document:

Rise Gold Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

EXHIBIT 10.1 

 

RISE RESOURCES INC. 

INCENTIVE STOCK OPTION PLAN 

PART 1 
INTERPRETATION 

	1.1 	
      Definitions. In this Plan, the following words and
      phrases shall have the following meanings:

	 	 	 	 
		(a) 	
      “Affiliate” means a corporation that is a parent
      or subsidiary of the Corporation, or that is controlled by the same person
      as the Corporation;

	 	 	 	 
		(b) 	
      “Board” means the board of directors of the
      Corporation and includes any committee of directors appointed by the
      directors as contemplated by Section 3.1;

	 	 	 	 
		(c) 	
      “Change of Control” means the acquisition by any
      person or by any person and a Joint Actor, whether directly or indirectly,
      of voting securities of the Corporation, which, when added to all other
      voting securities of the Corporation at the time held by such person or by
      such person and a Joint Actor, totals for the first time not less than 50%
      of the outstanding voting securities of the Corporation or the votes
      attached to those securities are sufficient, if exercised, to elect a
      majority of the Board;

	 	 	 	 
		(d) 	
      “Consultant” means an individual or Consultant
      Company, other than an Employee, Director or Officer, that:

	 	 	 	 
			(i) 	
      is engaged to provide on an ongoing bona fide basis,
      consulting, technical, management or other services to the Corporation or
      to an Affiliate, other than services provided in relation to a
      distribution of securities;

	 	 	 	 
			(ii) 	
      provides such services under a written contract between
      the Corporation or an Affiliate;

	 	 	 	 
			(iii) 	
      in the reasonable opinion of the Corporation, spends or
      will spend a significant amount of time and attention on the affairs and
      business of the Corporation or an Affiliate; and

	 	 	 	 
			(iv) 	
      has a relationship with the Corporation or an Affiliate
      that enables the individual to be knowledgeable about the business and
      affairs of the Corporation;

	 	 	 	 
		(e) 	
      “Consultant Company” means for an individual
      Consultant, a company or partnership of which the individual is an
      employee, shareholder or partner;

	 	 	 	 
		(f) 	
      “Corporation” means Rise Resources Inc.;

	 	 	 	 
		(g) 	
      “CSE” means the Canadian Securities
    Exchange;

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	 	(h) 	
      “Director” means a director of the Corporation or
      a Subsidiary;

	 	 	 	 	 
	 	(i) 	
      “Eligible Person” means a bona fide Director,
      Officer, Employee or Consultant, or a corporation wholly owned by such
      Director, Officer, Employee or Consultant;

	 	 	 	 	 
	 	(j) 	
      “Employee” means:

	 	 	 	 	 
	 		(i) 	
      an individual who is considered an employee of the
      Corporation or a Subsidiary under the Income Tax Act (and for whom income
      tax, employment insurance and CPP deductions must be made at
    source);

	 	 	 	 	 
	 		(ii) 	
      an individual who works full-time for the Corporation or
      a Subsidiary providing services normally provided by an employee and who
      is subject to the same control and direction by the Corporation over the
      details and methods of work as an employee of the Corporation, but for
      whom income tax deductions are not made at source; or

	 	 	 	 	 
	 		(iii) 	
      an individual who works for the Corporation or a
      Subsidiary on a continuing and regular basis for a minimum amount of time
      per week providing services normally provided by an employee and who is
      subject to the same control and direction by the Corporation over the
      details and methods of work as an employee of the Corporation, but for
      whom income tax deductions need not be made at source;

	 	 	 	 	 
	 	(k) 	
      “Exchange” means the CSE or any other stock
      exchange on which the Shares are listed for trading;

	 	 	 	 	 
	 	(l) 	
      “Exchange Policies” means the policies, bylaws,
      rules and regulations of the Exchange governing the granting of options by
      the Corporation, as amended from time to time;

	 	 	 	 	 
	 	(m) 	
      “Expiry Date” means a date not later than five (5)
      years from the date of grant of an option;

	 	 	 	 	 
	 	(n) 	
      “Income Tax Act” means the Income Tax Act
      (Canada), as amended from time to time;

	 	 	 	 	 
	 	(o) 	
      “Insider” has the meaning ascribed thereto in the
      Securities Act;

	 	 	 	 	 
	 	(p) 	
      “Investor Relations Activities” means any
      activities, by or on behalf of the Corporation or a shareholder of the
      Corporation, that promote or reasonably could be expected to promote the
      purchase or sale of securities of the Corporation, but does not
      include:

	 	 	 	 	 
	 		(i) 	
      the dissemination of information provided, or records
      prepared, in the ordinary course of business of the Corporation

	 	 	 	 	 
	 			(A) 	
      to promote the sale of products or services of the
      Corporation, or

	 	 	 	 	 
	 			(B) 	
      to raise public awareness of the Corporation,

	 	 	 	 	 
	 			
      that cannot reasonably be considered to promote the
      purchase or sale of securities of the Corporation;

	 	 	 	 	 
	 		(ii) 	
      activities or communications necessary to comply with the
      requirements of

	 	 	 	 	 
	 			(A) 	
      applicable Securities Laws,

	 	 	 	 	 
	 			(B) 	
      the Exchange, or

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	 	(C) 	
      the bylaws, rules or other regulatory instruments of any
      self-regulatory body or exchange having jurisdiction over the
      Corporation;

	 	(iii) 	
      communications by a publisher of, or writer for, a
      newspaper, magazine or business or financial publication, that is of
      general and regular paid circulation, distributed only to subscribers to
      it for value or to purchasers of it, if

	 	 	 	 
	 		(A) 	
      the communication is only through such newspaper,
      magazine or publication, and

	 	 	 	 
	 		(B) 	
      the publisher or writer receives no commission or other
      consideration other than for acting in the capacity of publisher or
      writer; or

	 	 	 	 
	 	(iv) 	
      activities or communications that may be otherwise
      specified by the Exchange;

		(q) 	
      “Joint Actor” means a person acting jointly or in
      concert with another person;

	 	 	 
		(r) 	
      “Optionee” means the recipient of an option under
      this Plan;

	 	 	 
		(s) 	
      “Officer” means any senior officer of the
      Corporation or a Subsidiary;

	 	 	 
		(t) 	
      “Plan” means this incentive stock option plan, as
      amended from time to time;

	 	 	 
		(u) 	
      “Securities Act” means the Securities Act
      (British Columbia), as amended from time to time;

	 	 	 
		(v) 	
      “Securities Laws” means the acts, policies,
      bylaws, rules and regulations of the securities commissions governing the
      granting of options by the Corporation, as amended from time to
    time;

	 	 	 
		(w) 	
      “Shares” means the common shares of the
      Corporation without par value; and

	 	 	 
		(x) 	
      “Subsidiary” has the meaning ascribed thereto in
      the Securities Act.

	 	 	 
	1.2 	
      Governing Law. The validity and construction of
      this Plan shall be governed by and construed in accordance with the laws
      of the State of Nevada.

	 	 	 
	1.3 	
      Gender. Throughout this Plan, whenever the
      singular or masculine or neuter is used, the same shall be construed as
      meaning the plural or feminine or body politic or corporate, and
      vice-versa as the context or reference may
require.

PART 2 
PURPOSE 

	2.1 	
      Purpose. The purpose of this Plan is to attract
      and retain Directors, Officers, Employees and Consultants and to motivate
      them to advance the interests of the Corporation by affording them with
      the opportunity to acquire an equity interest in the Corporation through
      options granted under this Plan to purchase
Shares.

PART 3 
GRANTING OF OPTIONS 

	3.1 	
      Administration. This Plan shall be administered by
      the Board or, if the Board so elects, by a committee (which may consist of
      only one person) appointed by the Board from its
members.

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	3.2 	
      Committee's Recommendations. The Board may accept
      all or any part of any recommendations of any committee appointed under
      Section 3.1 or may refer all or any part thereof back to such committee
      for further consideration and recommendation.

	 	 	 
	3.3 	
      Board Authority. Subject to the limitations of
      this Plan, the Board shall have the authority to:

	 	 	 
		(a) 	
      grant options to purchase Shares to Eligible
    Persons;

	 	 	 
		(b) 	
      determine the terms, limitations, restrictions and
      conditions respecting such grants;

	 	 	 
		(c) 	
      interpret this Plan and adopt, amend and rescind such
      administrative guidelines and other rules and regulations relating to this
      Plan as it shall from time to time deem advisable; and

	 	 	 
		(d) 	
      make all other determinations and take all other actions
      in connection with the implementation and administration of this Plan
      including, without limitation, for the purpose of ensuring compliance with
      Section 7.1, as it may deem necessary or advisable.

	 	 	 
	3.4 	
      Grant of Option. A resolution of the Board shall
      specify the number of Shares that shall be placed under option to each
      Eligible Person; the exercise price to be paid for such Shares upon the
      exercise of such option; any applicable hold period; and the period,
      including any applicable vesting periods required by Exchange Policies or
      by the Board, during which such option may be exercised.

	 	 	 
	3.5 	
      Written Agreement. Every option granted under this
      Plan shall be evidenced by a written agreement between the Corporation and
      the Optionee substantially in the form attached hereto as Schedule “A”,
      containing such terms and conditions as are required by Exchange Policies
      and applicable Securities Laws, and, where not expressly set out in the
      agreement, the provisions of such agreement shall conform to and be
      governed by this Plan. In the event of any inconsistency between the terms
      of the agreement and this Plan, the terms of this Plan shall
  govern.

	 	 	 
	3.6 	
      Withholding Taxes. If the Corporation is required
      under the Income Tax Act or any other applicable law to make source
      deductions in respect of Employee stock option benefits and to remit to
      the applicable governmental authority an amount on account of tax on the
      value of the taxable benefit associated with the issuance of any Shares
      upon the exercise of options, then any Optionee who is deemed an Employee
      shall:

	 	 	 
		(a) 	
      pay to the Corporation, in addition to the exercise price
      for such options, the amount necessary to satisfy the required tax
      remittance as is reasonably determined by the Corporation;

	 	 	 
		(b) 	
      authorize the Corporation, on behalf of the Optionee, to
      sell in the market on such terms and at such time or times as the
      Corporation determines a portion of the Shares issued upon the exercise of
      such options to realize proceeds to be used to satisfy the required tax
      remittance; or,

	 	 	 
		(c) 	
      make other arrangements acceptable to the Corporation to
      satisfy the required tax remittance.

PART 4 
RESERVE OF SHARES 

	4.1 	
      Sufficient Authorized Shares to be Reserved. A
      sufficient number of Shares shall be reserved by the Board to permit the
      exercise of any options granted under this Plan. Shares that were
    the subject of any option that has lapsed or terminated shall
      thereupon no longer be in reserve and may once again be subject to an
  option granted under this Plan.

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	4.2 	
      Maximum Number of Shares Reserved. Unless
      authorized by the shareholders of the Corporation, this Plan, together
      with all of the Corporation’s other previously established or proposed
      stock options, stock option plans, employee stock purchase plans or any
      other compensation or incentive mechanisms involving the issuance or
      potential issuance of Shares, shall not result, at any time, in the number
      of Shares reserved for issuance pursuant to options exceeding 10% of the
      issued and outstanding Shares as at the date of grant of any option under
      this Plan.

	 	 
	4.3 	
      Limits with Respect to Individuals. The aggregate
      number of Shares subject to an option that may be granted to any one
      individual in any 12 month period under this Plan shall not exceed 5% of
      the issued and outstanding Shares determined at the time of such
    grant.

	 	 
	4.4 	
      Limits with Respect to Consultants. The aggregate
      number of Shares subject to an option that may be granted to any one
      Consultant in any 12 month period under this Plan shall not exceed 4% of
      the issued and outstanding Shares determined at the time of such
    grant.

	 	 
	4.5 	
      Limits with Respect to Investor Relations
      Activities. The aggregate number of Shares subject to an option that
      may be granted to any one person conducting Investor Relations Activities
      in any 12 month period under this Plan shall not exceed 2% of the issued
      and outstanding Shares determined at the time of such
  grant.

PART 5 
CONDITIONS GOVERNING THE GRANTING AND
EXERCISING OF OPTIONS 

	5.1 	
      Exercise Price. Subject to a minimum price of
      $0.10 per Share and Section 5.2, the exercise price of an option may not
      be less than the closing market price of the Shares on the trading day
      immediately preceding the date of grant of the option, less any applicable
      discount allowed by the Exchange.

	 	 
	5.2 	
      Exercise Price if Distribution. If any options are
      granted within 90 days of a public distribution by prospectus, then the
      minimum exercise price shall be the greater of that specified in Section
      5.1 and the price per share paid by the investors for Shares acquired
      under the public distribution. The 90 day period shall commence on the
      date the Corporation is issued a final receipt for the
  prospectus.

	 	 
	5.3 	
      Expiry Date. Each option shall, unless sooner
      terminated, expire on a date to be determined by the Board which shall not
      be later than the Expiry Date.

	 	 
	5.4 	
      Different Exercise Periods, Prices and Number. The
      Board may, in its absolute discretion, upon granting an option under this
      Plan and subject to the provisions of Section 5.3, specify a particular
      time period or periods following the date of granting such option during
      which the Optionee may exercise the option and may designate the exercise
      price and the number of Shares in respect of which such Optionee may
      exercise the option during each such time period.

	 	 
	5.5 	
      Termination of Employment. If a Director, Officer,
      Employee or Consultant ceases to be so engaged by the Corporation for any
      reason other than death, such Director, Officer, Employee or Consultant
      shall have the right to exercise any vested option granted to him under
      this Plan and not exercised prior to such termination within a period of
      90 days after the date of termination, or such shorter period as may be
      set out in the Optionee’s written agreement.

	 	 
	5.6 	
      Termination of Investor Relations Activities. If
      an Optionee who is engaged in Investor Relations Activities ceases to be
      so engaged by the Corporation, such Optionee shall have the right
  to exercise any vested option granted to the Optionee under
      this Plan and not exercised prior to such termination within a period of
      30 days after the date of termination, or such shorter period as may be
  set out in the Optionee’s written agreement.

- 6 -

	5.7 	
      Death of Optionee. If an Optionee dies prior to
      the expiry of an option, his heirs or administrators may within 12 months
      from the date of the Optionee’s death exercise that portion of an option
      granted to the Optionee under this Plan which remains vested and
      outstanding.

	 	 
	5.8 	
      Assignment. No option granted under this Plan or
      any right thereunder or in respect thereof shall be transferable or
      assignable otherwise than as provided for in Section 5.7.

	 	 
	5.9 	
      Notice. Options shall be exercised only in
      accordance with the terms and conditions of the written agreements under
      which they are granted and shall be exercisable only by notice in writing
      to the Corporation substantially in the form attached hereto as Schedule
      “B”.

	 	 
	5.10 	
      Payment. Options may be exercised in whole or in
      part at any time prior to their lapse or termination. Shares purchased by
      an Optionee upon the exercise of an option shall be paid for in full in
      cash at the time of their purchase.

PART 6 
CHANGES IN OPTIONS 

	6.1 	
      Share Consolidation or Subdivision. In the event
      that the Shares are at any time subdivided or consolidated, the number of
      Shares reserved for option and the price payable for any Shares that are
      then subject to option shall be adjusted accordingly.

	 	 	 
	6.2 	
      Stock Dividend. In the event that the Shares are
      at any time changed as a result of the declaration of a stock dividend
      thereon, the number of Shares reserved for option and the price payable
      for any Shares that are then subject to option may be adjusted by the
      Board to such extent as it deems proper in its absolute
  discretion.

	 	 	 
	6.3 	
      Effect of a Take-Over Bid. If a bona fide offer to
      purchase Shares (an “Offer”) is made to an Optionee or to
      shareholders of the Corporation generally or to a class of shareholders
      which includes the Optionee, which Offer, if accepted in whole or in part,
      would result in the offeror becoming a control person of the Corporation,
      within the meaning of Section 1(1) of the Securities Act, the Corporation
      shall, upon receipt of notice of the Offer, notify each Optionee of full
      particulars of the Offer, whereupon all Shares subject to option (the
      “Option Shares”) shall become vested and such option may be
      exercised in whole or in part by such Optionee so as to permit the
      Optionee to tender the Option Shares received upon such exercise pursuant
      to the Offer. However, if:

	 	 	 
		(a) 	
      the Offer is not completed within the time specified
      therein including any extensions thereof; or

	 	 	 
		(b) 	
      all of the Option Shares tendered by the Optionee
      pursuant to the Offer are not taken up or paid for by the offeror in
      respect thereof,

	 	 	 
		
      then the Option Shares received upon such exercise, or in
        the case of clause (b) above, the Option Shares that are not taken up and paid for, may be
        returned by the Optionee to the Corporation and reinstated as authorized
        but unissued Shares and with respect to such returned Option Shares, the
        option shall be reinstated as if it had not been exercised and the terms
        upon which such Option Shares were to become vested pursuant to Section
        3.4 shall be reinstated. If any Option Shares are returned to the
        Corporation under this Section 6.3, the Corporation shall immediately
        refund the exercise price to the Optionee for such Option
    Shares.

- 7 -

	6.4 	
      Acceleration of Expiry Date. If, at any time when
      an option granted under this Plan remains unexercised with respect to any
      unissued Option Shares, an Offer is made by an offeror, the Board may,
      upon notifying each Optionee of full particulars of the Offer, declare all
      Option Shares issuable upon the exercise of options granted under this
      Plan vested, and declare that the Expiry Date for the exercise of all
      unexercised options granted under this Plan is accelerated so that all
      options shall either be exercised or shall expire prior to the date upon
      which Shares must be tendered pursuant to the Offer.

	 	 
	6.5 	
      Effect of a Change of Control. If a Change of
      Control occurs, all outstanding options shall become vested, whereupon
      such options may be exercised in whole or in part by the applicable
      Optionee.

	 	 
	6.6 	
      Other Stock Exchange Listing. In the event that the
      Corporation applies or intends to apply for listing on a stock exchange
      other than the CSE and, based on the policies and requirements of the
      other stock exchange, the Corporation believes that any or all options
      granted hereunder will not be accepted or approved by the other stock
      exchange, then the Corporation may, in its sole discretion, immediately
      cancel any or all options that remain outstanding to meet the listing
      requirements of the other stock exchange. If the Corporation cancels any
      such options pursuant to this Section 6.6, then no compensation will be
      owed by the Corporation to the applicable Optionee.

	 	 
	6.7 	
      Approval and Cancellation. In the event that
      approval from the CSE or other stock exchange, as applicable, is not
      received for the grant of any options hereunder, each Optionee agrees that
      the Corporation may immediately cancel any or all such options that remain
      outstanding. If the Corporation cancels any of such options pursuant to
      this Section 6.7, then no compensation shall be owed by the Corporation to
      the applicable Optionee.

PART 7 
SECURITIES LAWS AND EXCHANGE POLICIES

	7.1 	
      Securities Laws and Exchange Policies Apply. This
      Plan and the granting and exercise of any options hereunder are also
      subject to such other terms and conditions as are set out from time to
      time in applicable Securities Laws and Exchange Policies and such terms
      and conditions shall be deemed to be incorporated into and become a part
      of this Plan. In the event of an inconsistency between such terms and
      conditions and this Plan, such terms and conditions shall govern. In the
      event that the Shares are listed on a new stock exchange, in addition to
      the terms and conditions set out from time to time in applicable
      Securities Laws, the granting or cancellation of options shall be governed
      by the terms and conditions set out from time to time in the policies,
      bylaws, rules and regulations of the new stock exchange and unless
      inconsistent with the terms of this Plan, the Corporation shall be able to
      grant or cancel options pursuant to the policies, bylaws, rules and
      regulations of such new stock exchange without requiring shareholder
      approval.

PART 8 
AMENDMENT 

	8.1 	
      Board May Amend. The Board may, by resolution,
      amend or terminate this Plan, but no such amendment or termination shall,
      except with the written consent of the Optionees concerned, affect the
      terms and conditions of options previously granted under this Plan which
      have not then lapsed, terminated or been exercised.

	 	 
	8.2 	
      Exchange Approval. Any amendment to this Plan or
      options granted pursuant to this Plan shall not become effective until
      such Exchange and shareholder approval as is required by Exchange Policies
      and applicable Securities Laws has been
received.

- 8 -

	8.3 	
      Amendment to Insider's Options. Any amendment to
      options held by Insiders which results in a reduction in the exercise
      price of the options at the time of the amendment shall be conditional
      upon obtaining disinterested shareholder approval for that
    amendment.

PART 9 
EFFECT OF PLAN ON OTHER COMPENSATION
OPTIONS 

	9.1 	
      Other Options Not Affected. This Plan is in
      addition to any other existing stock options granted prior to and
      outstanding as at the date of this Plan and shall not in any way affect
      the policies or decisions of the Board in relation to the remuneration of
      Directors, Officers, Employees and Consultants.

PART 10 
OPTIONEE'S RIGHTS AS A SHAREHOLDER

	10.1 	
      No Rights Until Option Exercised. An Optionee
      shall be entitled to the rights pertaining to share ownership, such as to
      dividends, only with respect to Shares that have been fully paid for and
      issued to the Optionee upon the exercise of an
option.

PART 11 
EFFECTIVE DATE OF PLAN 

	11.1 	
      Effective Date. This Plan shall become effective
      upon its approval by the Board.

SCHEDULE “A” 

 

INCENTIVE STOCK OPTION AGREEMENT 

Rise Resources Inc. (the “Corporation”) hereby grants
the undersigned (the “Optionee”) options to purchase shares of the
Corporation’s common stock (the “Options”) in accordance with the
Corporation’s incentive stock option plan, as amended from time to time (the
“Plan”), on the following terms. The Optionee acknowledges that the grant
of Options is subject to (a) the Plan; (b) the regulations and provisions of the
United States Securities and Exchange Commission, the British Columbia
Securities Commission, the Alberta Securities Commission, the Ontario Securities
Commission and any other applicable provincial or state securities commission;
and (c) the approval of the Canadian Securities Exchange or other stock
exchange, as applicable. 

	Name of Optionee: 	 
    
	 	 
	Address: 	 
    
	 	 
	  	  
	Telephone Number: 	 
    
	 	 
	Email Address: 	 
    
	 	 
	Position with the Corporation: 	 
    
	 	 
	Number of Options: 	 
    
	 	 
	Exercise Price: 	 
    
	 	 
	Date of Grant: 	 
    
	 	 
	Expiry Date: 	 
    
	 	 
	Vesting Schedule: 	All of the Options shall vest immediately
      unless otherwise described in the table below.

	Period 	% of Shares Vested 
	 	 
	 	 
	 	 

- 2 -

IN WITNESS WHEREOF, the Corporation and Optionee have caused
this Agreement to be duly executed as of the date first written above. 

RISE RESOURCES INC. 

Per: 

	 	 	 
	Authorized Signatory 	 	OPTIONEE 

SCHEDULE “B” 

 

RISE RESOURCES INC. 

EXERCISE NOTICE 

The undersigned hereby subscribes for _____________ shares of
the common stock of Rise Resources Inc. (the “Corporation”) at a price of
$__________ per share for a total amount of $_______________ (the “Exercise
Price”) pursuant to the provisions of the Incentive Stock Option Agreement
entered into between the undersigned and the Corporation dated
____________________ , 201____. 

	 	 
	Date 	 
	 	 
	Signature 	 
	 	 
	Name 	 
	 	 
	Address 	 
	 	 
	  	 
	 	 
	Telephone Number 	 
	 	 
	Email AddressRise Gold Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

EXHIBIT 10.2 

EXECUTIVE EMPLOYMENT AGREEMENT 
(the “Agreement”) 

THIS AGREEMENT dated as of the 7th day of July,
2016. 

BETWEEN: 

Rise Resources Inc., a Nevada
company, having its principal 
business office at Suite 488, 1090 West
Georgia Street, Vancouver, 
British Columbia, V6E 3V7 

(the “Company”) 

AND: 

BENJAMIN MOSSMAN 
3964
Dillman Road, Campbell River British Columbia V9H 1G9 

(the “Executive” or the “Employee”)

WHEREAS: 

	 	A. 	
      The Company wishes to employ the Executive;

	 	 	 
	 	B. 	
      The Executive wishes to commence employment with the
      Company; and

	 	 	 
	 	C. 	
      The parties hereto wish to set out the terms and
      conditions of their employment relationship and to outline the rights of
      the Executive in certain circumstances.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the mutual covenants and agreements hereinafter contained, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows: 

	1. 	
      DEFINITIONS

For all purposes in this Agreement, 

	 	a) 	
      “CSE” means the Canadian Securities Exchange;

	 	 	 	 
	 	b) 	
      “Change of Control” means:

	 	 	 	 
	 		i. 	
      the acquisition by a Purchaser, directly or indirectly,
      of shares of the Company, which, assuming the conversion, exchange or
      exercise of any convertible or exchangeable shares of the Company
      beneficially owned by the Purchaser, results in the Purchaser beneficially
      owning shares that would entitle the Purchaser for the first time to cast
      more than 50% of the votes attaching to all shares in the capital of the
      Company that may be cast to elect directors;

- 2 - 

	 	ii. 	
      a change in the composition of the Board which occurs at
      a single meeting of the shareholders of the Company or upon the execution
      of a shareholders’ resolution, such that individuals who are members of
      the Board immediately prior to such meeting or resolution cease to
      constitute a majority on the Board, without the Board, as constituted
      immediately prior to such meeting or resolution, having approved of such
      change;

	 	 	 
	 	iii. 	
      the sale, lease, exchange or other disposition of all or
      substantially all of the Company’s assets to a Purchaser; or

	 	 	 
	 	iv. 	
      an amalgamation, merger, arrangement or other business
      combination involving the Company and a Purchaser that results in the
      Purchaser or security holders of the Purchaser owning, directly or
      indirectly, shares of the continuing entity that entitle the Purchaser or
      such security holders of the Purchaser, as the case may be, to cast more
      than 50% of the votes attaching to all shares in the capital of the
      continuing entity that may be cast to elect
directors;

	 	c) 	
      “Company” in this Agreement means Rise Resources Inc. and
      its subsidiary company or companies, successors and assigns, and where the
      context so requires and subject to the provisions of this Agreement, any
      Purchaser which executes and delivers the agreement contemplated in a
      Change of Control or which otherwise becomes bound to this Agreement by
      operation of law;

	 	 	 	 
	 	d) 	
      “Date of Change of Control” means the date upon which a
      Change of Control is completed;

	 	 	 	 
	 	e) 	
      “Date of Termination” means the date on which the
      employment of the Executive is Terminated by the Company or is terminated
      by the Executive for Good Reason;

	 	 	 	 
	 	f) 	
      “Disability” means:

	 	 	 	 
	 		i. 	
      when the Executive has become physically or mentally
      incapable (excluding infrequent and temporary absences due to ordinary
      illnesses) of properly performing the Services as listed in section 2;
      and

	 	 	 	 
	 		ii. 	
      such incapacity shall exist or be reasonably expected to
      exist for more than one hundred and twenty (120) days in the aggregate
      during any period of twelve (12) consecutive months;

	 	 	 	 
	 	g) 	
      “Good Reason” means the occurrence of any of the
      following events without the Executive’s prior written consent:

	 	 	 	 
	 		i. 	
      a material adverse and fundamental change in the
      Executive’s overall authority and responsibilities with the Company,
      including a material adverse and fundamental change in the nature or scope
      of the functions, duties or responsibilities of the Executive as Chief
      Financial Officer of the Company, from that existing immediately prior to the Date of Change of
      Control, which would constitute a constructive dismissal in the courts of
  British Columbia;

- 3 - 

	
       
		
      ii. 
	
      a material adverse and fundamental change in the
      Executive’s position as an officer or director of the Company as is in
      effect immediately prior to the Date of Change of Control (but excluding
      any change in such position arising by reason of the Executive’s
      disqualification, under applicable law, from serving in such position),
      which would constitute a constructive dismissal in the courts of British
      Columbia;

	
       
	
       
	
       
	
       

	
       
		
      iii. 
	
      the Company relocating or reassigning the Executive to
      any place more than 10 kilometres from the location to which he reported
      for work on a regular basis immediately prior to the Date of Change of
      Control, except for required travel on Company business to an extent
      substantially consistent with the Executive’s obligations immediately
      prior to the Date of Change of Control;

	
       
	
       
	
       
	
       

	
       
		
      iv. 
	
      a material adverse and fundamental change in the
      Executive’s salary or benefits as are in effect immediately prior to the
      Date Of Change of Control, which would constitute a constructive dismissal
      in the courts of British Columbia; or

	
       
	
       
	
       
	
       

	
       
		
      v. 
	
      any other breach by the Company of its material and
      fundamental obligations under this Agreement where such event is not
      removed or remedied by the Company within thirty (30) days following
      receipt of written notice from the Executive to the Company setting out
      the existence of such event. For greater clarity, the giving of such
      notice shall be a condition precedent to the delivery by the Executive of
      a notice of resignation under section 5.3 of this Agreement and receipt of
      the associated compensation provided for in section 5.2 or 5.3 of this
      Agreement;

	
       
	
       
	
       
	
       

	
       
	
      h)
	
      “Just Cause” means any of the following events or
      circumstances:

	
       
	
       
	
       
	
       

	
       
		
      i. 
	
      failure or refusal on the part of the Executive to
      perform the material duties of the Executive’s position in a competent and
      efficient manner where the Executive fails to substantially remedy the
      failure within a period of thirty (30) days after written notice to the
      Executive by the Company (other than as a result of the Executive’s
      incapacity due to physical or mental illness);

	
       
	
       
	
       
	
       

	
       
		
      ii. 
	
      breach by the Executive of contractual covenants
      regarding confidentiality and non-solicitation;

	
       
	
       
	
       
	
       

	
       
		
      iii. 
	
      conviction of an indictable criminal offence in the
      nature of fraud or defalcation;

	
       
	
       
	
       
	
       

	
       
		
      iv. 
	
      financial impropriety, dishonesty or fraud in the course
      of the Executive’s employment;

- 4 - 

	 		v. 	
      wilful misconduct, conduct prejudicial to the Company’s
      business or reputation or activities outside the scope of employment where
      the Executive fails to desist from such misconduct, conduct or activities
      after being requested to do so by the Company; or

	 	 	 	 
	 		vi. 	
      any other reason that would constitute just cause under
      the laws of British Columbia;

	 	 	 	 
	 	i) 	
      “Notice of Termination” means a letter notifying the
      Executive of their termination and specifying the Termination Date and the
      reason for termination;

	 	 	 	 
	 	j) 	
      “Person” means an individual, corporation, partnership,
      trust, unincorporated organization, government or governmental body or
      other entity;

	 	 	 	 
	 	k) 	
      “Purchaser” means subject to the provisions of this
      Agreement, any person, together with every associate or affiliate (as
      defined in the Business Corporation Act (British Columbia)) of such
      person, including any person acting jointly or in concert (within the
      meaning of the Securities Act (British Columbia)) with any of the
      foregoing persons, who hold or purchase, directly or indirectly, assets or
      shares as contemplated in the definition of Change of Control, as
      applicable; and

	 	 	 	 
	 	l) 	
      “Terminated by the Company” means the termination by the
      Company of the employment of the Executive for any reason, but not
      including a termination of the Executive for Just
Cause.

	2. 	
      SERVICES, POSITION AND
TERM

(a) The Company will employ the Executive, and the Executive
will serve the Company, on the terms and conditions set out herein. 

(b) The Executive will hold the position of Chief Executive
Officer and perform those services normally or usually associated with the
position of a senior executive officer, and such additional or other duties
consistent with the position of Chief Executive Officer as may from time to time
reasonably be delegated to the Executive by the Company (the “Services”). The
Executive acknowledges that the effective performance of the Services may
require that the Executive travel from time to time as required by the Company.
The Executive will be employed to perform the Services for a term commencing
July 15, 2016 (the “Service Commencement Date”) and the Executive’s employment
will continue until terminated in accordance with the provisions of this
Agreement (the “Term”).

	3. 	
      PERFORMANCE BY EXECUTIVE

The Executive understands and agrees that he will be a
fiduciary of the Company, will perform the Services in a competent and efficient
manner, and will carry out all lawful instructions and directions from time to
time given by the Company’s Board of Directors (the “Board”). 

- 5 - 

The Employee shall devote all of the Employee’s business time
to the Employee’s duties hereunder. The Employee may serve as a member of the
board of directors of another company providing the Employee discloses this
interest to the Board and, also, providing that such interest does not place the
Employee in a position of actual or potential conflict of interest or otherwise
adversely affect the best interests of the Company.

	4. 	
      COMPENSATION AND BENEFITS

	 	 
	4.1 	
      Salary

The Company will pay to the Executive an annual salary of
$120,000 (the “Annual Salary”), less appropriate deductions and/or withholdings
as required by law. The Company, through its Compensation Committee, or in the
case where the Company does not have a sitting Compensation Committee, the Board
of Directors, will review the Annual Salary from time to time during the Term
and may, in its sole discretion, increase the Annual Salary. 

	4.2 	
      Signing Bonus

Within 30 days of the commencement date of employment the
Company shall issue 300,000 common shares of the Company to the Executive.

	4.3 	
      Bonus

The Executive may be awarded a cash bonus from time to time.
The award, timing and amount of any such bonus is to be determined at the sole
and absolute discretion of the Board taking into consideration the Company’s
financial ability to fund such a bonus as solely and reasonably determined by
the Board, the Executive’s performance of the Services, and/or the
accomplishment of any specified milestone events or other such parameters as may
be determined by the Board from time to time 

	4.4 	
      Share Incentive Plans

	(a) 	
      The Company shall grant the
Executive:

On the Service Commencement Date, or as soon as practicable
after, subject to the rules of the CSE the Executive will be granted an option
to purchase 5% of the issued and outstanding common shares of the Company (the
“Initial Grant”) at an exercise price per share equal to the closing market
price of the Company’s common shares on the day prior to the date of the Initial
Grant. The Initial Grant shall be fully vested. 

Thereafter, subject to the rules of the CSE, and the terms and
provisions of the Company’s stock option plan, upon subsequent issues of common
stock of the Company, the Executive will be granted an option to purchase
additional shares to maintain the option to purchase 5% of the issued and
outstanding shares of the Company (the “Subsequent Grants”).

(b) The Initial Grant and each Subsequent Grant shall have an
exercise price per share equal to the closing market price of the Company’s
common shares on the day prior to the date of the Grant, be fully vested upon
issue, with expiry terms as determined by the Board and in accordance with the provisions of the Company’s stock option
plan, the rules of the CSE in effect as of the date of each grant, and any
relevant stock option agreements governing the options. 

- 6 - 

The Initial Grant and each Subsequent Grant shall hereinafter
be collectively referred to as the “Option Commitment”. 

(c) The Company shall permit the Executive to participate in
any other incentive compensation plan, retirement plan or similar plan offered
by the Company from time to time to its senior executives generally in the
manner and to the extent authorized by the Board.

	4.5 	
      Benefits

The Company shall provide the Executive with Executive benefits
comparable to those provided by the Company from time to time to other senior
executives of the Company generally.

	4.6 	
      Vacation

The Executive will be entitled to annual vacation of twenty
five (25) days during each year of the Term, prorated for the first calendar
year of employment, unless otherwise mutually agreed in writing by the Company
and the Executive (the “Vacation”). Unused Vacation time may be carried forward
into the immediate following calendar year and taken in that year as vacation
time or as cash payment at the option of the Executive. 

	4.7 	
      Expenses

The Company will reimburse the Executive for all reasonable
out-of-pocket expenses incurred by the Executive directly related to the
performance by the Executive of the Services. The Executive will account for
such expenses in accordance with the policies and directions of the Company in
place from time to time.

	5. 	
      TERMINATION

	 	 
	5.1 	
      Change of Control

In the event that there is a Change of Control and the
Executive is Terminated by the Company within one (1) year of the Date of Change
of Control, or the Executive terminates his employment with the Company for Good
Reason within one (1) year of the Date of Change of Control: 

	 	i. 	
      Within fourteen (14) days of the effective date of the
      termination of employment, the Company will pay to the Executive a lump
      sum amount equal to one (1) year of the Executive’s then applicable Annual
      Salary; and

	 	 	 
	 	ii. 	
      The Executive’s stock options under section 4.4 will be
      governed by the requirements and provisions of the Company’s stock option
      plan and the rules of the CSE in effect as of the Date of Change of
      Control.

- 7 - 

The Company shall require any Purchaser, by agreement, to
assume and agree to perform this section 5.1 in the same manner and to the same
extent that the Company would be required to perform. Failure of the Company to
obtain such agreement prior to the date of a Change of Control will be a
material breach of this Agreement and will entitle the Executive to terminate
the Executive’s employment and, if the Executive does so, the Executive will be
deemed to have been Terminated by the Company and will be entitled to all
compensation and benefits provided for in this section 5.1. 

The Executive agrees that the amount payable pursuant to this
section 5.1 will be subject to the deduction of income tax and other deductions
and/or withholdings as required by law and will be the maximum compensation to
which the Executive is entitled. Upon payment, the Company will have no further
obligations to the Executive whatsoever with respect to the termination of this
Agreement including, without limitation, further termination or severance pay or
damages. The Company will also have no further obligation to the Executive with
respect to his employment except for the payment of outstanding wages (i.e.
unpaid salary, accrued but unpaid vacation, and earned and awarded bonus) up to
the Date of Termination and the reimbursement of out of pocket expenses in
accordance with section 4.7. For clarity, in no case will the Executive be
entitled to more than one (1) termination or severance payment under this
Agreement. 

	5.2 	
      Payments in the Event of Termination Without Just
      Cause

If the employment of the Executive is terminated by the Company
other than for Just Cause (and not by reason of Change of Control, Disability or
death), then the Company will: 

	 	(a) 	
      pay to the Executive an amount equal to one (1) year of
      the Executive’s then applicable Annual Salary (the “Notice
  Period”);

	 	 	 
	 	(b) 	
      continue the Executive’s participation in the incentive
      plans and benefits provided to the Executive immediately preceding the
      date of the termination (excluding any short or long term disability plan)
      until the earliest of the expiration of the Notice Period set out in
      section 5.2(a) and the death of the Executive; and

	 	 	 
	 	(c) 	
      maintain in effect the Executive’s right to purchase
      shares of the Company in accordance with sections 4.4(a) and (b) of this
      Agreement until the earliest of the expiration of the Notice Period set
      out in section 5.2(a) and the death of the
Executive.

In the event that the Employee is relocated or reassigned to a
work location in a different city (i.e. other than required travel on Company
business to an extent substantially consistent with the Executive’s obligations)
and the Employee does not elect to accept such relocation or reassignment, this
will be considered a termination without Just Cause and subject to the terms of
section 5.2 but any entitlement which the Employee may have will be subject in
all respects to the duty to mitigate and the ordinary principles of mitigation.

Upon satisfying its obligations under section 5.2 of this
Agreement, the Company will have no further obligations to the Executive
whatsoever, except as required by the Employment Standards Act (British
Columbia). 

- 8 - 

	5.3 	
      Resignation by
Executive

	(a) 	
      The Executive may resign from his employment under this
      Agreement by providing to the Company a minimum of one month’s and a
      maximum of three month’s prior written notice of such resignation and, in
      such case, the Executive will be entitled to exercise all options under
      the Option Commitment, or any other plans and programs, that will have
      vested as of the last full business day before the expiry of the period of
      notice of resignation given by the Executive.

	 	 
	(b) 	
      Upon receipt of written notice of resignation under
      section 5.3(a) of this Agreement, the Company may, at its option,
      terminate the employment of the Executive earlier in which
  case:

	 	i. 	
      the Executive will be entitled to exercise all options
      under the Option Commitment, or any other plans and programs, that will
      have vested as of the last full business day before the expiry of the
      period of notice of resignation given by the Executive; and

	 	 	 
	 	ii. 	
      the Company will pay the Executive an amount equal to the
      Salary payable from the date of termination by the Company until the
      earlier of the expiry of the period of notice of resignation given by the
      Executive and three months from the date the Executive gave notice of
      resignation.

	(c) 	
      Notwithstanding sections 5.3(a) and 5.3(b) of this
      Agreement, the Executive will be entitled to the payments and benefits set
      out in section 5.2 of this Agreement if the Company does anything that
      constitutes a Good Reason and does anything that would constitute a
      constructive dismissal of the Executive by the Company as determined in
      accordance with common law. Upon making or providing such payments and
      benefits, the Company will have no further obligations to the Executive
      whatsoever, except as required by the Employment Standards Act (British
      Columbia).

	5.4 	
      Death

If the Executive dies during the Term, then: 

	 	(a) 	
      employment of the Executive will terminate as of the date
      of death;

	 	 	 
	 	(b) 	
      the Company will pay or provide to the estate of the
      Executive:

	 	i. 	
      unpaid Salary, if any, up to the date of death;
  and

	 	 	 
	 	ii. 	
      any compensation or benefits payable or owing to the
      Executive as of the date of death in accordance with the terms of this
      Agreement or any incentive plans or benefits plans in which the Executive
      was participating immediately prior to his death;
and

- 9 - 

	 	(c) 	
      any options that were granted but not exercised by the
      Executive pursuant to sections 4.4(a) and (b) of this Agreement as of the
      date of death shall vest in accordance with sections 4.4(a) and (b) and
      the Company’s stock option plan, and may thereafter be exercised by the
      estate of the Executive in accordance with this Agreement and the
      Company’s stock option plan.

	5.5 	
      Other Conditions

The obligations of the Company to the Executive on termination
of employment of the Executive by the Company or by the Executive for any reason
are subject to the following conditions: 

(a) the Company may at any time or from time to time amend or
terminate any benefits or plans and programs that are continued or available
after the date of termination of the Executive provided that the subject
benefits or plans and programs are similarly terminated or amended for all
senior executives of the Company; 

(b) the Executive will not be obligated to make reasonable
efforts to find alternative employment for any period during which the Company
is obligated to continue participation in benefits and plans and programs under
section 5, and the participation in benefits and plans and programs pursuant to
section 5 will not be reduced or discontinued as a result of any employment of
the Executive that commences after the employment of the Executive with the
Company ceases; 

(c) the Company agrees to pay interest, compounded quarterly,
on the total unpaid amount payable under this Agreement, such interest to be
calculated at a rate equal to 2% in excess of the prime commercial annual
lending rate for Canadian dollar demand loans announced from time to time by the
Royal Bank of Canada during the period of such non-payment.

	6. 	
      GENERAL PROVISIONS

	 	 
	6.1 	
      Enforceability and
Severability

It is the desire and intent of the parties hereto that the
provisions of this Agreement be enforced to the fullest extent permissible under
the laws applied in each jurisdiction in which enforcement is sought. In the
event that any provision of this Agreement conflicts with the law under which
this Agreement is to be construed or if any such provision is held invalid by a
court with jurisdiction over the parties hereto, such provision will be deemed
to be restated to reflect as nearly as possible the original intentions of the
parties in accordance with applicable law. The remainder of this Agreement will
remain in full force and effect. In the event any such deemed restatement of any
such provision prevents the accomplishment of a fundamental purpose of this
Agreement, the Company and the Executive will immediately commence negotiations
in good faith to provide the party which has been adversely affected by such
restatement with value (in cash or in kind) equivalent to the value that such
party would have received had such provision not been restated. 

- 10 - 

	6.2 	
      Assignment and Benefit

The Executive will not assign or transfer this Agreement or any
rights or obligations hereunder. The Company may assign this Agreement to any
successor to the Company and the provisions hereof will inure to the benefit of,
and be binding upon, each successor of the Company, whether the successor arises
by merger, consolidation or transfer of all or substantially all of its assets.
This Agreement shall enure to the benefit of and be enforceable by the
Executive’s successors and legal representatives. 

	6.3 	
      Confidential Information

The Employee agrees to keep the affairs and Confidential
Information (as defined below) of the Company and its affiliates and any related
corporate entities, associates and shareholders (collectively the “Rise Resouces
Group”) strictly confidential, and shall not disclose the same to any person,
partnership, company or other legal entity, directly or indirectly, during or
after his employment with the Company, except as authorized in writing by the
Board or required by law. “Confidential Information” includes, without
limitation, the following types of information or material, both existing and
contemplated, regarding the Rise Resources Group: corporate information,
including contractual licensing arrangements, plans, strategies, tactics,
policies, resolutions, patents, trade-mark and trade name applications; any
litigation or negotiations; information concerning suppliers; marketing
information, including sales, investment and product plans, customer lists,
strategies, methods, customers, prospects and market research data; financial
information, including cost and performance data, debt arrangements, equity
structure, investors and holdings; operational and scientific information,
including trade secrets; technical information, including technical drawings and
designs; any information relating to any mineral projects in which the Rise
Resources Group has an actual or potential interest; and personal information,
including personnel lists, resumes, personal data, organizational structure and
performance evaluations. The Employee agrees not to use such information,
directly or indirectly, for his own interests, or any interests other than those
of the Rise Resources Group, whether or not those interests conflict with the
interests of the Rise Resources Group during or after his employment by the
Company, except as authorized by the Board or required by law. The Employee
expressly acknowledges and agrees that all information relating to the Rise
Resources Group, whether financial, technical or otherwise, shall, upon
execution of this Agreement and thereafter, as the case may be, be the sole
property of the Rise Resources Group, whether arising before or after the
execution of this Agreement. 

The Employee agrees that all documents of any nature whatsoever
pertaining to the activities of the Rise Resources Group, including Confidential
Information, in the Employee’s possession or control now or at any time during
the Employee’s period of employment, are and shall be the property of the Rise
Resources Group and that all such documents and copies of them shall be
surrendered to the applicable Rise Resources Group member when requested. 

	6.4 	
      Entire Agreement

This Agreement contains the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements or understandings, whether oral or written and whether express
or implied, between the parties hereto. The Executive acknowledges and agrees that any prior agreements or
representations, whether oral or written and whether express or implied, between
the Executive and the Company, are hereby terminated and the Executive has no
rights or entitlements under any such prior agreements or representations
against the Company. 

- 11 - 

	6.5 	
      Notices

All notices, requests and other communications to any party
hereunder will be in writing and sufficient if delivered personally or sent by
telefax (with confirmation of receipt) or by registered or certified mail,
postage prepaid, addressed as follows: 

If to the Company, at: 

Suite 488, 1090 West Georgia Street

Vancouver, B.C., V6E 3V7 

If to the Executive, at: 

3964 Dillman Road 
Campbell River,
B.C., V9H 1G9 

or to such other address as the party to whom notice is to be
given may have furnished to the other party in writing in accordance herewith.
Each such notice, request or communication will be deemed to have been given
when received or, if given by mail, when delivered at the address specified in
this section or on the fifth business day following the date on which such
communication is posted, whichever occurs first. 

	6.6 	
      Amendments and Waivers

No modification, amendment or waiver of any provision of, or
consent required by, this Agreement, nor any consent to any departure herefrom,
will be effective unless it is in writing and signed by the parties hereto. Such
modification, amendment, waiver or consent will be effective only in the
specific instance and for the purpose for which given. 

	6.7 	
      Headings

Descriptive headings are for convenience only and will not
control or affect the meaning or construction of any provision of this
Agreement. 

	6.8 	
      Counterparts

This Agreement may be executed in counterparts, and each such
counterpart hereof will be deemed to be an original instrument, but all such
counterparts together will constitute but one agreement. 

	6.9 	
      Canadian Dollars

All dollar amounts referred to herein will be in lawful
currency of Canada. 

- 12 - 

	6.10 	
      Governing Law

This Agreement and its application and interpretation will be
governed exclusively by the laws of British Columbia and the laws of Canada
applicable in British Columbia. 

	6.11 	
      Attornment

Each party will submit to the jurisdiction of the Supreme Court
of British Columbia and all Courts having appellate jurisdiction thereover in
any suit, action or other proceeding arising out of or relating to this
Agreement commenced in such Court by one party against the other party (a
“Permitted Action”), and each party waives and will not assert by way of motion
as defence or otherwise in any Permitted Action, any claim that: 

	(a) 	such party is not subject to the jurisdiction
      of such Court; 
	 	 
	(b) 	such permitted action is brought in an
      inconvenient forum; 
	 	 
	(c) 	the venue of such permitted action is improper;
      or 
	 	 
	(d) 	any subject matter of such permitted action may
      not be enforced in or by such Court. 

In any suit or action brought to obtain a judgment for the
recognition or enforcement of any final judgment rendered in a Permitted Action,
no party to this Agreement will seek, other than by way of appeal, in any Court
of any jurisdiction any review pertaining to the merits of any Permitted Action,
whether or not such party appears in or defends the Permitted Action. 

	6.12 	
      Independent Legal Advice

The Executive hereby acknowledges that he has had the
opportunity to obtain independent legal advice regarding this Agreement and has
either obtained such advice or has waived his right to obtain such advice. 

	6.13 	
      Survival

Section 4 and 6.3 of this Agreement will survive the
termination of employment of the Executive and will continue in full force and
effect. 

	6.14 	
      Collection and Use of Personal
  Information

The Executive acknowledges that the Company will collect, use
and disclose health and other personal information for employment and business
related purposes. The Executive consents to the Company collecting, using and
disclosing health and other personal information of the Executive for employment
and business related purposes in accordance with the privacy policy of the
Company. 

	6.15 	
      Time

Time is of the essence. 

- 13 - 

IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first written above. 

	Rise Resources Inc. 	 
	 	 
	Per: 	“Cale Thomas” 	 
	 	 	 
	  	Authorized Signatory 	 

	Signed, Sealed and Delivered by Benjamin 	) 	  
	Mossman in the presence of: 	) 	  
	  	) 	“Benjamin Mossman” 
	  	) 	 
    
	Witness (Signature) 	) 	Benjamin Mossman 
	  	) 	  
	  	) 	Executive 
	Name 	) 	  
	  	) 	  
	  	) 	  
	Address 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	Occupation

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