Document:

Exhibit 4.2

THE
WARRANT REPRESENTED BY THIS CERTIFICATE AND THE SHARES ISSUABLE UPON EXERCISE OF THE
WARRANT HAVE NOT  BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “US. SECURITIES ACT”). THE  HOLDER HEREOF, BY PURCHASING THE
WARRANT, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE  OFFERED, SOLD
OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY (B) OUTSIDE THE UNITED STATES IN
ACCORDANCE  WITH RULE 904 OF REGULATIONS UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, AND
IN COMPLIANCE WITH LOCAL LAWS  AND REGULATIONS, (C) IN COMPLIANCE WITH THE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS UNDER THE U.S.  SECURITIES ACT PROVIDED BY RULE 144
THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE WITH APPLICABLE STATE  SECURITIES LAWS, OR
(D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR
ANY APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER  HAS, PRIOR TO ANY SUCH SALE OR
TRANSFER SET FORTH IN  (A)-(D) ABOVE, FURNISHED TO THE COMPANY AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO THE COMPANY THAT  SUCH SALE OR TRANSFER MAY BE LAWFULLY MADE
IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS.

WARRANTS TO PURCHASE

COMMON SHARES OF GOLD RUN INC.

	Warrant Certificate Number: 	Number of Warrants:
[NUMBER]

THIS IS TO CERTIFY THAT for
value received by Gold Run Inc. (the “Company”) on May 8, 2006 [name & address] (the
“Warrantholder”) has the right to purchase in respect of each whole warrant
(the “Warrants”) represented  by this certificate or by a replacement
certificate (in either case this “Warrant Certificate”), at any time  up to
5:00 p.m., New York time, on May 8, 2009 (the “Expiry Time”), one fully paid
and non-assessable common  share (the “Shares” and which term shall include any
shares or other securities to be issued in addition  thereto or in substitution or
replacement therefor as provided herein) of the Company (the “Company”), a
company incorporated under the laws of Delaware, as constituted on the date hereof at a
purchase price (the  “Exercise Price”) of $1.00 per Share, subject to
adjustment as provided herein.

	

The Company agrees that the
Shares purchased pursuant to the exercise of the Warrants shall be and be deemed  to be
issued to the Warrantholder as of the close of business on the date on which this Warrant
Certificate  shall have been surrendered and payment made for such Shares as aforesaid.

Nothing contained herein
shall confer any right upon the Warrantholder to subscribe for or purchase any  Shares at
any time after the Expiry Time and from and after the Expiry Time the Warrants and all
rights under  this Warrant Certificate shall be void and of no value.

The above provisions are
subject to the following:

	1. 	Exercise: In
the event that the Warrantholder desires to exercise the right to purchase Shares
conferred hereby, the Warrantholder shall (a) complete in the manner indicated and
execute a  subscription form attached as Schedule “A” to this Warrant
Certificate, (b) surrender this  Warrant Certificate to the Company at 330 Bay Street,
Suite 820, Toronto, Ontario M5H 2S8  Canada, and (c) pay the amount payable on the
exercise of such Warrants in respect of the  Shares subscribed for either in cash or by
bank draft or certified check payable to the  Company. Upon such surrender and payment as
aforesaid, the Warrantholder shall be deemed for  all purposes to be the holder of record
of the number of Shares to be so issued and the  Warrantholder shall be entitled to
delivery of a certificate or certificates representing such  Shares and the Company shall
cause such certificate or certificates to be delivered to the  Warrantholder at the
address specified in the subscription form within three (3) business days  of such
surrender and payment as aforesaid. No fractional Shares shall be issuable upon any
exercise of the Warrants and the Warrantholder shall not be entitled to any cash payment
or  compensation in lieu of a fractional Share.

	2. 	Partial
Exercise: The Warrantholder may, at any time without notice and from time to time
subscribe for and purchase any lesser number of Shares than the number of Shares
expressed in  this Warrant Certificate. In the event that the Warrantholder subscribes
for and purchases any  such lesser number of Shares prior to the Expiry Time, the
Warrantholder shall be entitled to  receive a replacement certificate representing the
unexercised balance of the Warrants.

	3. 	Not
a Shareholder: The holding of the Warrants shall not constitute the Warrantholder
a  shareholder of the Company or entitle the Warrantholder to any right or interest in
respect  thereof except as expressly provided in this Warrant Certificate.

	4. 	Covenants
and Representations: The Company hereby represents and warrants that it is
authorized to create and issue the Warrants and covenants and agrees that it shall cause
the  Shares from time to time subscribed for and purchased in the manner provided in this
Warrant  Certificate and the certificate representing such Shares to be issued and that,
at all times  prior to the Expiry Time, it shall reserve and there shall remain unissued
a sufficient number  of Shares to satisfy the right of purchase provided for in this
Warrant Certificate. The  Company hereby further covenants and agrees that it shall at
its expense

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expeditiously
use its best efforts to obtain the listing of such Shares (subject to issue or  notice of
issue) on each stock exchange or over-the-counter market on which the Shares may be
listed from time to time. All Shares which are issued upon the exercise of the right of
purchase provided in this Warrant Certificate, upon payment therefor of the amount at
which  such Shares may be purchased pursuant to the provisions of this Warrant
Certificate, shall be  and be deemed to be fully paid and non-assessable common shares
and free from all taxes, liens  and charges with respect to the issue thereof. The
Company hereby represents and warrants that  this Warrant Certificate is a valid and
enforceable obligation of the Company, enforceable in  accordance with the provisions of
this Warrant Certificate.

	5. 	 Anti-Dilution
Protection: If this Warrant shall be exercised subsequent to any stock dividend,
split-up, recapitalization, reclassification, merger, consolidation, combination or
exchange  of Shares, reorganization or liquidation of the Company occurring after the
date hereof, as a  result of which shares of any class shall be issued in respect of
outstanding Shares of the  Company (or shall be issuable in respect to securities
convertible into Shares) or upon  exercise of rights (other than this Warrant) to
purchase Shares or Shares shall be changed  into the same or a different number of shares
of the same or another class or  classes, the  Warrantholder exercising this Warrant
shall receive, for the aggregate price paid upon such  exercise, the aggregate number and
class of shares which such Warrantholder would have  received thereafter if this Warrant
had been exercised immediately prior to the first such  stock dividend, split-up,
recapitalization, merger, consolidation, combination or exchange of  shares,
reorganization or liquidation of the Company.

	6. 	 Further
Assurances: The Company hereby covenants and agrees that it shall do, execute,
acknowledge and deliver, or cause to be done, executed, acknowledged and delivered, all
and  every such other act, deed and assurance as the Warrantholder shall reasonably
require for the  better accomplishing and effectuating of the intentions and provisions
of this Warrant  Certificate.

	7. 	 Time
of Essence: Time shall be of the essence of this Warrant.

	8. 	 Governing
Laws: This Warrant shall be construed in accordance with the laws of the State of
Delaware.

	9. 	 Notices: All
notices or other communications to be given under this Warrant shall be delivered  by
hand or by telecopier and, if delivered by hand, shall be deemed to have been given on
the  delivery date and, if sent by telecopier, on the date of transmission if sent before
5:00 p.m.  on a business day or, if such day is not a business day, on the first business
day following  the date of transmission.

Notices to
the Company shall be addressed to:

Gold Run Inc.
330 Bay Street
Suite 820
Toronto, Ontario M5H 2S8
Canada

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Attention:   John Pritchard, Chief Executive Officer
Telecopier: (416) 363-0151

Notices to
the Warrantholder shall be addressed to the address of the Warrantholder set out  on the
face page of this Warrant Certificate.

The Company
and the Warrantholder may change its address for service by notice in writing to the
other of  them specifying its new address for service under this Warrant Certificate.

	10. 	Legends
on Common Shares: Any certificate representing Shares issued upon the exercise of the
Warrant shall bear the following legends:

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”). THE
HOLDER HEREOF, BY  PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT
SUCH SECURITIES MAY BE  OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY
(B) OUTSIDE THE UNITED STATES  IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S.
SECURITIES ACT, IF AVAILABLE, AND  IN COMPLIANCE WITH LOCAL LAWS AND REGULATIONS, (C) IN
COMPLIANCE WITH THE EXEMPTION FROM THE  REGISTRATION REQUIREMENTS UNDER THE U.S.
SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF  AVAILABLE, AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION  THAT DOES NOT REQUIRE
REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE  SECURITIES LAWS, AND
THE HOLDER HAS, PRIOR TO ANY SUCH SALE OR TRANSFER SET FORTH IN (A)-(D)  ABOVE, FURNISHED
TO THE COMPANY AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY  THAT SUCH
SALE OR TRANSFER MAY BE LAWFULLY MADE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES  LAWS.

	11. 	Lost
Certificate: If this Warrant Certificate or any replacement hereof becomes stolen, lost,
mutilated or destroyed, the Company shall, on such terms as it may in its discretion
impose,  acting reasonably, issue and deliver a new certificate, in form identical hereto
but

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with
appropriate changes, representing any unexercised portion of the subscription rights
represented hereby to replace the certificate so stolen, lost, mutilated or destroyed.

IN WITNESS WHEREOF the
Company has caused this certificate to be signed by an authorized officer as of the  ___
day of  _____ 2006.

	 	GOLD RUN INC.

	 	By: 	 	
	 	John Pritchard
Chief Executive Officer	 

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Schedule “A”

TO:
GOLD RUN INC.

SUBSCRIPTION FORM

The undersigned hereby
subscribes for _____________ common shares (“Shares”) of Gold Run Inc. (the
Company”)  (or such other number of common shares or other securities to which such
subscription entitles the  undersigned in lieu thereof or in addition thereto pursuant to
the provisions of the warrant certificate (the  “Warrant Certificate”)
dated as of the 8th day of May 2006 issued by the Company) at the purchase price of
$1.00 per Share if subscribed for at  time prior to 5:00 p.m. (New York time) on May 8,
2009 (or at such other purchase price as may be in effect  under the provisions of the
Warrant Certificate) and on and subject to the other terms and conditions  specified in
the Warrant Certificate and hereunder and encloses herewith a check, bank draft or money
order  or has transmitted good same day funds by wire or other lawful money of the United
States payable to or to  the order of the Company in payment of the subscription price.

The undersigned hereby
directs that the Shares subscribed for be registered and delivered as follows:

Name in Full:

Address:

Number of Common Shares:

DATED this     day of _____ , 200 __ .

By:
___________________________

	6Exhibit 4.3

Gold Run Inc.

FORM OF PROMISSORY NOTE

* * *

THIS NON-TRANSFERABLE PROMISSORY NOTE MAY NOT
BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED, EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT, OR
(ii) AN OPINION OF COUNSEL, SATISFACTORY TO COUNSEL FOR THE MAKER, THAT AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, IS AVAILABLE.

NON-TRANSFERABLE PROMISSORY NOTE

GOLD RUN INC.

Note No. _______________

	$_____ 	New York, New York	[Date]

FOR VALUE RECEIVED, the
undersigned, GOLD RUN INC., a Delaware corporation (the “Maker”) having an address at c/o Berns
& Berns; 767 Third Avenue; 23rd floor, New York, New York 10017, hereby promises to pay to the order of
[Name], having an address at [Address] (such person being herein referred to individually as
“Holder”), in lawful money of the United States of America, the principal sum of $ ______ together
with interest thereon at the rate of 10% per annum, based on a year of 360 days, which principal shall be
payable in one installment on the second anniversary of the date of this Note. Interest shall accrue thereon
from and after the date hereof and shall be payable on the first anniversary of the date of the Note, and the
final payment of interest shall be payable on the second anniversary of this Note.

1) Collection Costs.

If, after any default hereunder,
Holder expends any effort or expense in any attempt to enforce or collect payment of all or any part or
installment of any sum due Holder hereunder, or if

Gold Run Inc. 2006

	

Gold Run Inc.

this Note is placed in the hands of an attorney
for collection, or if it is collected through any legal proceedings, Maker will bear and pay all reasonable
costs and fees incurred by Holder in connection with the investigation and collection hereof, including but
not limited to reasonable fees and expenses of counsel.

2) Certain Waivers.

Maker and each surety, guarantor,
endorser and other party ever liable for payment of any sums of money payable on this Note jointly and
severally waive presentment and demand for payment, protest, notice of protest and non-payment or dishonor,
notice of acceleration or intent to accelerate, notice of intent to demand, and diligence in collecting, and
consent to all extensions without notice for any period or periods of time and partial payments, before or
after maturity, without prejudice to Holder. Holder shall similarly have the right to deal in any way, at any
time, with one or more of the foregoing parties without notice to any other party, and to grant any such party
any extensions of time for payment of any of said indebtedness, or to release part or all of any collateral at
any time securing this Note, or to grant any other indulgences or forbearances whatsoever, without notice to
any other party and without in any way affecting the personal liability of any party hereunder.

3) Governing Law.

This Note shall be governed by and
construed and enforced in accordance with the laws of the State of New York applicable to promissory notes
issued and delivered within such State and without giving effect to choice of law principles of such State.
Notwithstanding the place where any liability originates or arises or is to be paid, any suit, action or
proceeding arising out of or relating to this promissory note may be instituted in, or if instituted elsewhere
may be removed to, any Court of the United States of America or of the State of New York sitting in the
County, City and State of New York. Maker hereby irrevocably waives any objection Maker may now or hereafter
have to the laying of venue of any such suit, action or proceeding in the above-described courts and any claim
that any suit, action or proceeding has been brought in an inconvenient forum. Nothing in this Section shall
affect the right of any party to serve process in any other manner permitted by law or limit the right of any
party to bring any suit, action or proceeding against any other party in the courts of any other
jurisdiction.

Gold Run Inc. 2006

	

Promissory Note

4) Notices.

Any and all notices or other
communications required or permitted to be given under any of the provisions of this Note shall be in writing
and shall be deemed to have been duly given when personally delivered or five days after the date mailed,
postage prepaid, by first class certified mail, return receipt requested, addressed to the parties at the
addresses set forth above (or at such other address as a party may specify by notice to all other parties
given as aforesaid), together with copies, and if possible by telecopy as well, if to the Maker, to Michael
Berns, Gold Run Inc., c/o Berns & Berns, 767 Third Avenue, 23rd Floor, New York, New York 10017 (telecopy
number: (212) 332-3315).

5) Conversion Right of Holder.

a) Rate of
Conversion.

i) At the option
of the Holder, on and after the first anniversary date of this Note, this Note is convertible, on in
all-or-none basis, into Shares at the conversion price of $0.25 per Share. Upon conversion, Maker shall be
liable for interest on the Note (in accordance with the terms of the Note) accrued and unpaid to the date of
conversion.

ii) Whenever
reference is made herein to the issuance or sale of Shares, “Shares” shall mean stock of Maker of
any class, whether now or hereafter authorized, which has the right to participate in the distribution of
either the assets or earnings of Maker without limit as to amount or percentage.

b) Method of Conversion. i)
In order to convert the principal amount of this Note into Shares, the Holder shall surrender the Note duly
endorsed to Maker, or in blank and accompanied by proper instruments of transfer to Maker, at its office
designated as herein provided, shall give written notice to Maker that it elects to convert all (and not less
than all) of this Note into Shares, and shall state in writing therein the name or names in which it wishes
the certificate or certificates for the Shares to be issued. At the time of exercise, Maker may require the
Holder to execute and deliver to Maker a subscription agreement for the Shares, containing such
representations, warranties and covenants as Maker may deem appropriate. As soon as practicable thereafter,
Maker shall issue and deliver to the person for whose account the Note was so surrendered, or to its nominee
or nominees, certificates for the number of full Shares to which Holder shall be entitled as aforesaid,
together with a cash adjustment in respect of any fraction of a Share if not convertible into a number of
whole Shares, as provided in this Section. Subject to the following provisions of this Section, such
conversion shall be deemed to have been made as of the date of such surrender of this Note, and the person or
persons entitled to receive the Shares issuable upon the conversion of this Note shall be treated for all
purposes as the record holder(s) of such Shares on such date.

Gold Run Inc. 2006

	

Promissory Note

6) Payment of Principal and Accrued
Interest; Miscellaneous.

a) At the option of the Maker,
Maker may pay the principal sum of this Note and/or accrued interest by issuance of Shares valued at $0.25 per
Share, or a combination of a cash payment and Shares valued at $0.25 per Share.

b) This Note will automatically
convert into Shares at $0.25 per Share, without any action of Maker, upon Maker having a registration
statement under the Securities Act of 1933, as amended, covering the sale and issuance of securities of the
Maker, being declared effective by the United States Securities and Exchange Commission.

c) In the event that such
automatic conversion occurs prior to the first anniversary date of this Note, Maker shall pay to Holder
interest in an amount equal to the interest which would have otherwise accrued during the first year after the
Note's issuance.

d) In the event this Note is
converted into Shares pursuant to either Paragraphs 6a) or 6b), the Shares will be restricted as to resale
notwithstanding the fact that Maker may have had a registration statement under the Securities Act of 1933, as
amended, covering the offer and sale of securities of the Maker declared effective.

IN WITNESS WHEREOF, the
undersigned has caused this Note to be executed and delivered as of the day and year first above
written.

	 	GOLD RUN INC.

	 	By: 	 	
	 	Director	 

Gold Run Inc. 2006

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