Document:

Teckmine Industries, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES INTO
WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION
TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
ACT").

NONE OF THE SECURITIES REPRESENTED HEREBY NOR THE SECURITIES
INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE 1933
ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE
OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO A U.S.
PERSON EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933
ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THIS
SECURITY AND THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES" AND "U.S.
PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

Issue Date: January ____, 2013 

U.S. $_________

12% CONVERTIBLE NOTE
 (NON-U.S. AND INTERNATIONAL
HOLDERS) 

FOR VALUE RECEIVED, TECKMINE INDUSTRIES, INC. (the
“Company”) promises to pay to ________________________ or its
registered assigns (the “Holder”), the principal sum of
____________________ DOLLARS ($ ____________) in lawful currency of the
United States (the “Principal Amount”) on January ___, 2014 or such
earlier date as the Note may be permitted to be repaid as provided hereunder
(the “Maturity Date”), and to pay interest to the Holder on the aggregate
unconverted and then outstanding principal amount of this Note at rate of 12%
per annum, subject to section 3.1 below, payable on the earlier of (i) the
Conversion Date (as hereafter defined) and (ii) the Maturity Date (except that,
if any such date is not a Business Day, then such payment shall be due on the
next succeeding Business Day) in cash. Interest shall be calculated on the basis
of a 360-day year and shall accrue daily commencing on the Issue Date until
payment in full of the Principal Amount, together with all accrued and unpaid
interest and other amounts which may become due hereunder, has been made.
Interest shall cease to accrue with respect to any part of the Principal Amount
converted, provided that the Company in fact delivers the Conversion Shares (as
hereinafter defined). The Company may prepay any portion of the Principal
Amount without the prior written consent of the Holder subject to the prepayment
terms and conditions set out in Section 5 hereto. 

This Note is subject to the following additional provisions:

1.                    
Subscription Agreement 

This Note has been issued pursuant to a subscription agreement
between the Company and the Holder dated January ___, 2013 (the “Subscription
Agreement”) pursuant to which the Holder purchased this Note, and this Note
is subject in all respects to the terms of the Subscription Agreement and
incorporates the terms of the Subscription Agreement to the extent that they do
not conflict with the terms of this Note. This Note may not be transferred or
exchanged. 

2.                    
Events of Default 

2.1                 
“Event of Default”, wherever used herein, means any one of the
following events (whatever the reason and whether it shall be voluntary or
involuntary or effected by operation of law or pursuant to any judgment, decree
or order of any court, or any order, rule or regulation of any administrative or
governmental body): 

	 	(a) 	
      any default in the payment of the Principal Amount of
      this Note, the Subscription Agreement or under the General Security
      Agreement when the same becomes due hereunder or thereunder, or
  if the Company makes default in the observance or
      performance of something required to be done or some covenant or condition
      required to be observed or performed herein, the Subscription Agreement or
      in the General Security Agreement and, if such default is capable of being
      cured by the Company, the same is not cured within 15 calendar days (or,
      if such default is capable of being cured by the Company but not within
      such period of time and the Company has commenced taking action to cure
      such default within such period of time and diligently and in good faith
      continues taking such action, such greater period of time, not exceeding
      an additional 15 calendar days as may be necessary to cure such default);
  and

A-2

	 	(b) 	
      the Company or any of its subsidiaries, if and when
      applicable (each a “Subsidiary”), shall commence, or there shall be
      commenced against the Company or any Subsidiary a case under any
      applicable bankruptcy or insolvency laws as now or hereafter in effect or
      any successor thereto, or the Company or any Subsidiary commences any
      other proceeding under any reorganization, arrangement, adjustment of
      debt, relief of debtors, dissolution, insolvency or liquidation or similar
      law of any jurisdiction whether now or hereafter in effect relating to the
      Company or any Subsidiary or there is commenced against the Company or any
      Subsidiary any such bankruptcy, insolvency or other proceeding which
      remains undismissed for a period of 60 days; or the Company or any
      Subsidiary is adjudicated insolvent or bankrupt; or any order of relief or
      other order approving any such case or proceeding is entered; or the
      Company or any Subsidiary suffers any appointment of any custodian or the
      like for it or any substantial part of its property which continues
      undischarged or unstayed for a period of 60 days; or the Company or any
      Subsidiary makes a general assignment for the benefit of creditors; or the
      Company shall fail to pay, or shall state that it is unable to pay, or
      shall be unable to pay, its debts generally as they become due; or the
      Company or any Subsidiary shall call a meeting of its creditors with a
      view to arranging a composition, adjustment or restructuring of its debts;
      or the Company or any Subsidiary shall by any act or failure to act
      expressly indicate its consent to, approval of or acquiescence in any of
      the foregoing; or any corporate or other action is taken by the Company or
      any Subsidiary for the purpose of effecting any of the
  foregoing.

2.2                 
If any Event of Default occurs, subject to any cure period, the full
Principal Amount, together with interest and other amounts owing in respect
thereof to the date of acceleration shall become, at the Holder’s election,
immediately due and payable in cash. Upon payment of the full Principal Amount,
together with interest and other amounts owing in respect thereof, in accordance
herewith, this Note shall promptly be surrendered to or as directed by the
Company. The Holder need not provide and the Company hereby waives any
presentment, demand, protest or other notice of any kind, and the Holder may
immediately and without expiration of any grace period enforce any and all of
its rights and remedies hereunder and all other remedies available to it under
applicable law. Such declaration may be rescinded and annulled by the Holder at
any time prior to payment hereunder and the Holder shall have all rights as a
Note holder until such time, if any, as the full payment under this Section
shall have been received by it. No such rescission or annulment shall affect any
subsequent Event of Default or impair any right consequent thereon. 

3.                    
Conversion 

3.1                
 Upon determination of the Conversion Price in accordance with
Section 3.5, and until this Note is no longer outstanding, this Note may be
converted into Conversion Shares at any time and from time-to-time, in whole or
in part, at the option of the Holder. The Holder shall effect conversions by
delivering to the Company the form of Notice of Conversion attached hereto as
Annex A (a “Notice of Conversion”), specifying therein the amount
of principal and interest to be converted and the date on which such conversion
is to be effected (a “Conversion Date”); provided that the date upon
which any such conversion may be effected may not be less than 5 calendar days
following the date of delivery of the Notice of Conversion. If no Conversion
Date is specified in a Notice of Conversion, the Conversion Date shall be the
date that is 10 calendar days after such Notice of Conversion is delivered to
the Company. To effect conversions hereunder, the Holder shall not be required
to physically surrender the Note to the Company unless the entire principal
amount of this Note has been so converted. Conversions hereunder shall have the
effect of lowering the outstanding principal amount of this Note in an amount
equal to the applicable conversion. The Holder and the Company shall maintain
records showing the principal amount converted and the date of such conversions.
The Company shall deliver any objection to any Notice of Conversion within 10
business days of receipt of such notice. The Holder, by acceptance of this Note,
acknowledges and agrees that, by reason of the provisions of this paragraph,
following conversion of a portion of this Note, the unpaid and unconverted
principal amount of this Note may be less than the amount stated on the face
hereof.

A-3

3.2                 
The number of Conversion Shares issuable upon a conversion of any
outstanding principal under the Note shall be determined by the quotient
obtained by dividing (x) by (y) where (x) is equal to the amount of outstanding
principal to be converted and (y) is the Conversion Price (as hereinafter
defined). 

3.3                 
The number of Conversion Shares issuable upon a conversion of any
accrued and outstanding interest on the Note (the “Accrued Interest”)
shall be determined by the quotient obtained by dividing (x) by (y) where (x) is
equal to the amount of Accrued Interest to be converted and (y) is the
Conversion Price. 

3.4                
 Not later than five Trading Days after any Conversion Date, the
Company will deliver to the Holder a certificate or certificates representing
the Conversion Shares (bearing such legends as may be required by applicable law
and those required by the Subscription Agreement) representing the number of
Conversion Shares being acquired upon the conversion of Note. 

3.5                 
The conversion price (the “Conversion Price”) in effect on any
Conversion Date shall be equal to the price of the Financing (the
“Financing”) as defined in the Letter of Intent dated January ___, 2013
(the “Letter of Intent”) between the Company and Victory Electronic
Cigarettes, and in the event the Financing does not close on or prior to the
closing of the Acquisition (as defined in the Letter of Intent), or in the event
the Formal Agreement (as defined in the Letter of Intent) is terminated, the
Conversion Price shall be equal to US$0.50. 

3.6                 
The Company covenants that it will at all times reserve and keep
available out of its authorized and unissued shares of Common Stock such number
of shares as is necessary in order to ensure that a sufficient number are
available for the purpose of issuance of Conversion Shares upon conversion of
this Note, free from pre-emptive rights or any other actual contingent purchase
rights of Persons other than the Holder. The Company covenants that all
Conversion Shares shall, upon issue, be duly and validly authorized, issued and
fully paid and non-assessable. 

3.7                 
Upon a conversion hereunder the Company shall not be required to issue
stock certificates representing fractions of any Conversion Shares, and the
number of Conversion Shares shall be rounded up or down to the nearest whole
number. 

If the Company, at any time while this Note is outstanding: (A)
pays a stock dividend or otherwise makes a distribution or distributions in
shares of its Common Stock or any other equity or equity equivalent securities
payable in shares of Common Stock, (B) subdivides outstanding shares of Common
Stock into a larger number of shares, (C) combines (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares,
or (D) issues by reclassification of shares of the Common Stock any shares of
capital stock of the Company, then the Conversion Price shall be multiplied by a
fraction of which the numerator shall be the number of shares of Common Stock
(excluding treasury shares, if any) outstanding before such event and of which
the denominator shall be the number of shares of Common Stock outstanding after
such event. Any adjustment made pursuant to this Section shall become effective
immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution and shall become effective immediately
after the effective date in the case of a subdivision, combination or
re-classification. 

4.                    
Security 

As security for the obligations of the Company to the Holder
pursuant to this Note, the Holder has entered into the Agent Agreement, whereby
the Holder, in addition to all holders of the convertible notes in the Offering,
has appointed the Agent to act as agent for the benefit of the Holder under the
General Security Agreement. 

5.                    
Prepayment 

Subject to the conversion right of the Holder, the Company may,
from time to time at its option, upon ten (10) days’ prior written notice (a
“Prepayment Notice”) to the Holder, prepay (each a “Prepayment”)
all or part of this Note (with all accrued and unpaid interest thereon) prior to
the Maturity Date (the “Outstanding Principal”). The Prepayment (less any
tax required to be withheld by the Company) shall be paid by cheque or by such
other reasonable means as the Company deems desirable. The mailing of such
cheque from the Company’s registered office, or the payment by such other
reasonable means as the Company deems desirable, on or before the prepayment
date shall be deemed to be payment on the Prepayment date unless the cheque is
not paid upon presentation or payment by such other means is not received.
Notwithstanding the foregoing, the Company shall be entitled to require at any
time, and from time to time, that the Prepayment be paid to the Holder only upon
presentation and surrender at the registered office of the Company or at any
other place or places designated by the Prepayment Notice. If only a part of the
Note is to be prepaid, a new certificate for the balance shall be issued at the
expense of the Company. 

A-4

At any time after a Prepayment Notice is given, the Company
shall have the right to deposit the amount of the prepayment with any chartered
bank or banks or with any trust company or trust companies in British Columbia
named for such purpose in the Prepayment Notice to the credit of a special
account or accounts in trust for Holder, to be paid to it upon surrender to such
bank or banks or trust company or trust companies of the certificate or
certificates representing the Note. Upon such deposit or deposits being made or
upon the prepayment date, whichever is later, the Note shall be and be deemed to
be paid and the rights of the Holder shall be limited to receiving, without
interest, the amount so deposited. Any interest allowed on such deposit or
deposits shall accrue to the Company. 

If this Note is repaid by the Company in full within 6 months
from the Issue Date, and the Holder does not elect to convert the entire amount
prior to such repayment in accordance with the conversion terms herein, the
Company shall issue share purchase warrants to the Holder (each, a “Repayment
Right Warrant”), each Repayment Right Warrant exercisable into one share of
Common Stock at a price equal to the greater of the Conversion Price and the
Market Price as determined on the date the Prepayment Notice is received by the
Holder (the “Notice Date”). The Repayment Right Warrants are exercisable
for a period of 2 years from the Notice Date. The Company shall issue 0.4
Repayment Right Warrants per dollar of Principal Amount held by the Holder that
is subject to repayment by the Company pursuant to the Prepayment Notice. The
form of Repayment Right Warrant is set out in Annex B attached hereto. 

6.                    
Notices 

Any and all notices or other communications or deliveries to be
provided by the Holder hereunder, including, without limitation, any Notice of
Conversion, shall be in writing, sent by a nationally recognized overnight
courier service or by facsimile, addressed to the Company, Attn: President
at the facsimile telephone number or address of the Company appearing on the
books of the Company or such other address as the Company may specify for
such purposes by notice to the Holder delivered in accordance with this Section.
Any and all notices or other communications or deliveries to be provided by the
Company hereunder shall be in writing and delivered personally, by facsimile,
sent by a nationally recognized overnight courier service addressed to the
Holder at the facsimile telephone number or address of such Holder appearing on
the books of the Company, or if no such facsimile telephone number or address
appears, at the address of the Holder to which this Note was delivered. Any
notice or other communication or deliveries hereunder shall be deemed given and
effective on the earliest of (i) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile telephone number
specified in this Section prior to 5:30 p.m. (Mountain Time Zone), (ii) the date
after the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile telephone number specified in this Section later than
5:30 p.m. (Pacific Standard Time) on any date and earlier than 11:59 p.m.
(Pacific Standard Time) on such date, (iii) the second business day following
the date of mailing, if sent by nationally recognized overnight courier service,
or (iv) upon actual receipt by the party to whom such notice is required to be
given. 

7.                    
Definitions 

For the purposes hereof, in addition to the terms defined
elsewhere in this Note: (i) capitalized terms not otherwise defined herein have
the meanings given to such terms in the Subscription Agreement, and (ii) the
following terms shall have the following meanings: 

	 	(a) 	
      “Accrued Interest” has the meaning set forth in
      Section 3.3 hereto.

	 	 	 
	 	(b) 	
      “Agent” means _________ , the agent acting in such
      capacity in accordance with the terms of the Agent Agreement.

	 	 	 
	 	(c) 	
      “Agent Agreement” means the Agent Agreement
      entered into among all holders of the convertible notes issued in the
      Offering (including the Holder) and the Agent, whereby the Agent has
      agreed to act as agent for the benefit of such holders under the General
      Security Agreement.

A-5

	 	(d) 	
      “Business Day” means any day except Saturday,
      Sunday and any day which shall be a federal legal holiday in the United
      States or a day on which banking institutions in the State of Nevada are
      authorized or required by law or other government action to
  close.

	 	 	 
	 	(e) 	
      “Common Stock” means the common stock, par value
      $0.001 per share, of the Company and stock of any other class into which
      such shares may hereafter have been reclassified or changed.

	 	 	 
	 	(f) 	
      “Conversion Date” has the meaning set forth in
      Section 3.1 hereof.

	 	 	 
	 	(g) 	
      “Conversion Price” has the meaning set forth in
      Section 3.5 hereof.

	 	 	 
	 	(h) 	
      “Conversion Share” means shares of the Company’s
      Common Stock into which principal and Interest due pursuant to this Note
      may be converted.

	 	 	 
	 	(i) 	
      “Exchange Act” means the Securities Exchange Act
      of 1934, as amended.

	 	 	 
	 	(j) 	
      “General Security Agreement” means the General
      Security Agreement entered into between the Agent and the Company which
      secures the obligations of the Company under this Note in favor of the
      holders of the notes issued pursuant to the Offering.

	 	 	 
	 	(k) 	
      “Issue Date” shall have the meaning shown on the
      first page of this Note.

	 	 	 
	 	(l) 	
      “Market Price” means as of a particular date (the
      “Valuation Date”), the following with respect to the Company’s
      Common Stock: (A) if the Common Stock is then listed on a national stock
      exchange, the Market Price shall be the closing bid price of one share of
      Common Stock on such exchange on the last Trading Day prior to the
      Valuation Date, provided that if such Common Stock has not traded in the
      prior ten (10) trading sessions, the Market Price shall be the average
      closing bid price of the Common Stock in the most recent ten (10) trading
      sessions during which the Common Stock has traded; (B) if the Common Stock
      is then included in the Financial Industry Regulatory Authority
      Over-the-Counter Bulletin Board, the Market Price shall be the closing
      sale price of one share of the Common Stock on the Over-the-Counter
      Bulletin Board on the last Trading Day prior to the Valuation Date or, if
      no such closing sale price is available, the average of the high bid and
      the low ask price quoted on the Over-the-Counter Bulletin Board as of the
      end of the last Trading Day prior to the Valuation Date, provided that if
      the Common Stock has not traded in the prior ten (10) trading sessions,
      the Market Price shall be the average closing price of one share of the
      Common Stock in the most recent ten (10) trading sessions during which the
      Common Stock has traded; or (C) if the Common Stock is not traded on any
      of the exchanges or quotation services referred to in (A) or (B) above and
      is then included in the “pink sheets”, the Market Price shall be the
      closing sale price of one share of the Common Stock on the “pink sheets”
      on the last Trading Day prior to the Valuation Date or, if no such closing
      sale price is available, the average of the high bid and the low ask price
      quoted on the “pink sheets” as of the end of the last Trading Day prior to
      the Valuation Date, provided that if the Common Stock has not traded in
      the prior ten (10) trading sessions, the Market Price shall be the average
      closing price of one share of the Common Stock in the most recent ten (10)
      trading sessions during which the Common Stock has traded.

	 	 	 
	 	(m) 	
      “Offering” has the meaning set out in the
      subscription agreement between the Company and the Holder of even
    date.

	 	 	 
	 	(n) 	
      “Outstanding Principal” has the meaning set out in
      Section 5 hereto.

	 	 	 
	 	(o) 	
      “Person” means a corporation, an association, a
      partnership, organization, a business, an individual, a government or
      political subdivision thereof or a governmental agency.

	 	 	 
	 	(p) 	
      “Prepayment” has the meaning set out in Section 5
      hereto.

	 	 	 
	 	(q) 	
      “Prepayment Notice” has the meaning set out in
      Section 5 hereto.

A-6

	 	(r) 	
      “Subscription Agreement” means the Subscription
      Agreement, dated as of January ___, 2013, to which the Company and the
      Holder are parties, as amended, modified or supplemented from time to time
      in accordance with its terms.

	 	 	 
	 	(s) 	
      “1933 Act” means the Securities Act of 1933, as
      amended, and the rules and regulations promulgated thereunder.

	 	 	 
	 	(t) 	
      “Trading Day” means a day on which the shares of
      Common Stock are traded on a trading market on which the shares of Common
      Stock are then listed or quoted, provided, that in the event that
      the shares of Common Stock are not listed or quoted, then Trading Day
      shall mean a Business Day.

8.                    
Replacement of Note if Lost or Destroyed 

If this Note shall be mutilated, lost, stolen or destroyed, the
Company shall execute and deliver, in exchange and substitution for and upon
cancellation of a mutilated Note, or in lieu of or in substitution for a lost,
stolen or destroyed Note, a new Note for the principal amount of this Note so
mutilated, lost, stolen or destroyed but only upon receipt of evidence of such
loss, theft or destruction of such Note, and of the ownership hereof, and
indemnity, if requested, all reasonably satisfactory to the Company. 

9.                    
Governing Law 

All questions concerning the construction, validity,
enforcement and interpretation of this Note shall be governed by and construed
and enforced in accordance with the internal laws of the State of Nevada,
without regard to the principles of conflicts of law thereof. 

10.             
     Waivers 

Any waiver by the Company or the Holder of a breach of any
provision of this Note shall not operate as or be construed to be a waiver of
any other breach of such provision or of any breach of any other provision of
this Note. The failure of the Company or the Holder to insist upon strict
adherence to any term of this Note on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Note. Any waiver must be
in writing. 

11.                  
Usury 

If any provision of this Note is invalid, illegal or
unenforceable, the balance of this Note shall remain in effect, and if any
provision is inapplicable to any Person or circumstance, it shall nevertheless
remain applicable to all other Persons and circumstances. If it shall be found
that any interest or other amount deemed interest due hereunder violates
applicable laws governing usury, the applicable rate of interest due hereunder
shall automatically be lowered to equal the maximum permitted rate of interest.
The Company covenants (to the extent that it may lawfully do so) that it shall
not at any time insist upon, plead, or in any manner whatsoever claim or take
the benefit or advantage of, any stay, extension or usury law or other law which
would prohibit or forgive the Company from paying all or any portion of the
principal of or interest on this Note as contemplated herein, wherever enacted,
now or at any time hereafter in force, or which may affect the covenants or the
performance of this indenture, and the Company (to the extent it may lawfully do
so) hereby expressly waives all benefits or advantage of any such law, and
covenants that it will not, by resort to any such law, hinder, delay or impeded
the execution of any power herein granted to the Holder, but will suffer and
permit the execution of every such as though no such law has been enacted. 

A-7

12.                  
Next Business Day 

Whenever any payment or other obligation hereunder shall be due
on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day. 

IN WITNESS WHEREOF, the Company has caused this Convertible
Note to be duly executed by a duly authorized officer as of the date first above
indicated. 

	 	TECKMINE INDUSTRIES, INC.
  
	 	  	 
	 	  	 
	 	  	 
	 	Per: 	 
	 	                   	 Authorized Signatory
  

ANNEX A 

NOTICE OF CONVERSION 

The undersigned hereby elects to convert principal under the
12% Convertible Note of Teckmine Industries, Inc., a Nevada corporation (the
“Company”), due on January ____, 2014, into shares of the Company’s
common stock (each a “Share”) as of the date written below. The
undersigned will pay all transfer taxes, intangible or other taxes payable with
respect hereto and is delivering herewith such certificates and opinions as
reasonably requested by the Company in accordance therewith. No fee will be
charged to the holder for any conversion. 

The undersigned agrees to comply with any prospectus delivery
requirements under the applicable securities laws in connection with any
transfer of the aforesaid Shares. 

Conversion calculations: __________________________________

Date to Effect Conversion:
_________________________________

Principal Amount of Note to be Converted:
_____________________

Accrued Interest to be Converted:
___________________________

Number of Shares to be issued:
_____________________________

Signature: _____________________________________________

_____________________________________________________
Name:

_____________________________________________________
Address:

- 2 - 

ANNEX B 

FORM OF REPAYMENT RIGHT WARRANT 

[see attached]Teckmine Industries, Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

THE WARRANTS REPRESENTED BY THIS WARRANT CERTIFICATE ARE
NON-TRANSFERABLE. 

THIS WARRANT CERTIFICATE RELATES TO AN OFFERING OF
SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS
DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “1933 ACT”).

NONE OF THE SECURITIES TO WHICH THIS WARRANT CERTIFICATE
RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. 

WARRANT CERTIFICATE 

TECKMINE INDUSTRIES INC. 

THESE WARRANTS WILL EXPIRE AND BECOME NULL AND VOID AT THE
TIME OF EXPIRY (AS DEFINED HEREIN). 

	Warrant Certificate No.:______________ 	Right to Purchase _______ Shares of
      Common Stock 
	Number of Warrants: ________________	 

This is to certify that, for value received, ______________
(the “Holder”) of ____________________________ is the
registered holder of _______ warrants (each, a “Warrant”) to
purchase shares of common stock of TECKMINE INDUSTRIES, INC. (the
“Company”). Each Warrant will entitle the Holder, upon and subject to the
terms and conditions attached to this certificate or any replacement certificate
(in either case the “Warrant Certificate”) as Appendix “A” (the “Terms
and Conditions”), to acquire from the Company one fully paid and
non-assessable share of common stock of the Company (each, a “Warrant
Share”) at the Exercise Price per Warrant Share (the “Exercise
Price”) at any time prior to 5:00 p.m. (Mountain Time Zone) on January ____,
2015 (the “Time of Expiry”). 

	 	1. 	
      ONE (1) WARRANT AND THE EXERCISE PRICE ARE REQUIRED TO
      PURCHASE ONE WARRANT SHARE. THIS CERTIFICATE REPRESENTS _______
      WARRANTS.

	 	 	 
	 	2. 	
      These Warrants are issued subject to the Terms and
      Conditions, and the Holder may exercise the right to purchase Warrant
      Shares only in accordance with the Terms and Conditions.

	 	 	 
	 	3. 	
      Nothing contained herein or in the Terms and Conditions
      will confer any right upon the Holder or any other person to subscribe for
      or purchase any Warrant Shares at any time subsequent to the Time of
      Expiry and from and after such time, these Warrants and all rights under
      this Warrant Certificate will be void and of no
value.

IN WITNESS WHEREOF the Company has executed this Warrant
Certificate this ____ day of January, 2013. 

TECKMINE INDUSTRIES, INC. 

	 Per:	 	 
	 	Authorized Signatory 	 

APPENDIX “A” 

TERMS AND CONDITIONS 

TERMS AND CONDITIONS dated January ____, 2013 (the “Terms
and Conditions”), attached to the Warrant Certificate issued by Teckmine
Industries, Inc. 

	1. 	
      INTERPRETATION

	 	 
	1.1 	
      Definitions

In these Terms and Conditions, unless there is something in the
subject matter or context inconsistent therewith: 

	 	(a) 	
      “Auditors” means an independent firm of
      accountants duly appointed as auditors of the Company;

	 	 	 
	 	(b) 	
      “Business Day” means any day of the year other
      than Saturday, Sunday or any day on which banks are required or authorized
      to close in the State of Nevada;

	 	 	 
	 	(c) 	
      “Company” means Teckmine Industries, Inc. until a
      successor corporation will have become such as a result of consolidation,
      amalgamation or merger of the Company with or into any other corporation
      or corporations, or as a result of the conveyance or transfer of all or
      substantially all of the properties and estates of the Company as an
      entirety to any other corporation, and, thereafter, “Company” will mean
      such successor corporation;

	 	 	 
	 	(d) 	
      “Exercise Price” means the price of the Financing
      (the “Financing”) as defined in the Letter of Intent dated January
      ___, 2013 (the “Letter of Intent”) between the Company and Victory
      Electronic Cigarettes, and in the event the Financing does not close on or
      prior to the closing of the Acquisition (as defined in the Letter of
      Intent), or in the event the Formal Agreement (as defined in the Letter of
      Intent) is terminated, the Exercise Price shall be equal to US$0.50 per
      Warrant Share, subject to adjustment as provided in Section 4.6;

	 	 	 
	 	(e) 	
      “Exercise Date” has the meaning given to such term
      in Section 4.2(a);

	 	 	 
	 	(f) 	
      “Expiry Date” means January ____, 2015;

	 	 	 
	 	(g) 	
      “herein”, “hereby” and similar expressions
      refer to these Terms and Conditions as the same may be amended or modified
      from time to time;

	 	 	 
	 	(h) 	
      “Holder” means the holder of the
  Warrants;

	 	 	 
	 	(i) 	
      “Issuance Date” means the date hereof;

	 	 	 
	 	(j) 	
      “person” means a natural person, corporation,
      limited liability corporation, unlimited liability corporation, joint
      stock corporation, partnership, limited partnership, limited liability
      partnership, trust, trustee, any unincorporated organization, joint
      venture or any other entity;

	 	 	 
	 	(k) 	
      “Reorganization” has the meaning given to such
      term in Section 4.6(a)(ii);

	 	 	 
	 	(l) 	
      “Record Date Notice” has the meaning given to such
      term in Section 4.7(a);

	 	 	 
	 	(m) 	
      “Section” followed by a number refers to the
      specified Section of these Terms and Conditions;

	 	 	 
	 	(n) 	
      “Shares” means the common shares in the capital of
      the Company as constituted at the date hereof and any Shares resulting
      from any subdivision or consolidation of the Shares;

	 	 	 
	 	(o) 	
      “Subscription Form” has the meaning given to such
      term in Section 4.1(a);

	 	 	 
	 	(p) 	
      “Time of Expiry” means 5:00 pm (Mountain Time
      Zone) on the Expiry Date;

	 	 	 
	 	(q) 	
      “Warrant Certificate” means the Warrant
      Certificate attached to these Terms and
Conditions;

- 3 - 

	 	(r) 	
      “Warrants” means the common share purchase
      warrants of the Company represented by the Warrant Certificate;
  and

	 	 	 
	 	(s) 	
      “Warrant Shares” means the Shares issuable upon
      exercise of the Warrants.

	1.2 	
      Gender

Words importing the singular number include the plural and vice
versa and words importing the masculine gender include the feminine and neuter
genders. 

	1.3 	
      Interpretation not affected by
    Headings

The division of these Terms and Conditions into sections and
the insertion of headings are for convenience of reference only and shall not
affect the construction or interpretation thereof.

	1.4 	
      Applicable Law

The Warrants will be exclusively construed in accordance with
the laws of the State of Nevada. The Warrant Certificate and these Terms and
Conditions are governed by the laws of the State of Nevada. The Holder
irrevocably attorns to the jurisdiction of the courts of the State of Nevada.

	1.5 	
      Currency

Unless otherwise provided, all dollar amounts referred to in
the Warrant Certificate and these Terms and Conditions are in lawful money of
the United States of America. 

	2. 	
      ISSUE OF WARRANTS

	 	 
	2.1 	
      Additional Warrants

The Company may at any time and from time to time issue
additional warrants or grant options or similar rights to purchase Shares. 

	2.2 	
      Warrants to Rank Pari
  Passu

All Warrants and additional warrants, options or similar rights
to purchase Shares from time to time issued or granted by the Company will rank
pari passu, whatever may be the actual dates of issue or grant thereof,
or of the dates of the certificates by which they are evidenced. 

	2.3 	
      Replacement of Lost or Damaged Warrant
      Certificate

	 	 	 
		(a) 	
      In case the Warrant Certificate becomes mutilated, lost,
      destroyed or stolen, the Company, at its discretion, may issue and deliver
      a new Warrant Certificate of like date and tenor as the one mutilated,
      lost, destroyed or stolen, in exchange for, in place of, and upon
      cancellation of, such mutilated Warrant Certificate, or in lieu of, and in
      substitution for, such lost, destroyed or stolen Warrant Certificate, and
      the replacement Warrant Certificate will be entitled to the benefit hereof
      and rank equally in accordance with its terms with all other warrants
      issued or to be issued by the Company.

	 	 	 
		(b) 	
      The applicant for the issue of a new Warrant Certificate
      pursuant hereto will bear the cost of the issue thereof and, in case of
      loss, destruction or theft, will furnish to the Company such evidence of
      ownership and of loss, destruction or theft of the Warrant Certificate so
      lost, destroyed or stolen as will be satisfactory to the Company in its
      discretion. Such applicant may also be required to furnish indemnity in
      amount and form satisfactory to the Company in its discretion, and will
      pay the reasonable charges of the Company in connection
  therewith.

	 	 	 
	2.4 	
      Holder Not a
Shareholder

The holding of the Warrant Certificate shall not constitute the
Holder thereof a shareholder of the Company, nor entitle him to any right or
interest in respect thereof except as expressly provided in the Warrant
Certificate. 

- 4 - 

	3. 	
      NOTICE

	 	 
	3.1 	
      Notice to Holders

Any notice required or permitted to be given to the Holder will
be in writing and may be given by prepaid registered post, electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy to the address of the Holder appearing on the Warrant Certificate
or to such other address as the Holder may specify by notice in writing to the
Company to the address set forth in Section 3.2, and any such notice will be
deemed to have been given and received by the Holder: (i) if mailed, on the
third Business Day following the mailing thereof; (ii) if by facsimile or other
electronic communication, on successful transmission; or (iii) if delivered, on
delivery, but if at the time of mailing, or between the time of mailing and the
third Business Day thereafter, there is a strike, lockout or other labour
disturbance affecting postal service, then the notice will not be effectively
given until actually delivered. 

	3.2 	
      Notice to the
Company

Any notice required or permitted to be given to the Company
will be in writing and may be given by prepaid registered post, electronic
facsimile transmission or other means of electronic communication capable of
producing a printed copy to the address of the Company set forth below or such
other address as the Company may specify by notice in writing to the Holder to
the address of the Holder appearing on the Warrant Certificate, and any such
notice will be deemed to have been given and received by the Company: (i) if
mailed, on the third Business Day following the mailing thereof; (ii) if by
facsimile or other electronic communication, on successful transmission; or
(iii) if delivered, on delivery, but if at the time of mailing, or between the
time of mailing and the third Business Day thereafter, there is a strike,
lockout or other labour disturbance affecting postal service, then the notice
will not be effectively given until actually delivered. 

	 	Teckmine Industries, Inc. 
	 	17622 La Entrada Drive 
	 	Yorba Linda CA 92886 
	 	  	  
	 	Attention: 	President 
	 	Email: 	nwoods@nextstepdesigns.com

	4. 	
      EXERCISE OF WARRANTS

	 	 
	4.1 	
      Method of Exercise of
  Warrants

The Holder may exercise its right to purchase the Warrant
Shares at the Exercise Price at any time until the Time of Expiry by providing
the Company with the following documents: 

	(a) 	
      a completed and executed subscription form, in the form
      attached as Appendix B hereto (the “Subscription Form”), for the
      number of Warrant Shares which the Holder wishes to purchase, in the
      manner therein indicated; 

	  	
       

	(a) 	
      surrendering the Warrant Certificate, together with the
      executed Subscription Form, to the address set forth in Section 3.2; and
      

	  	
       

	(b) 	
      paying the appropriate Exercise Price, in United States
      funds, for the number of Warrant Shares subscribed for, either by
      certified cheque payable to the Company at the address set forth in
      Section 3.2. Alternatively, the Exercise Price may be wired to the Company
      or its lawyers pursuant to wiring instructions that will be provided to
      the Holder upon request. 

	  	
       

	4.2 	
      Effect of Exercise of Warrants 

	  	
       

	(a) 	
      On the date the Company receives a duly executed
      Subscription Form and the Exercise Price for the number of Warrant Shares
      specified in the Subscription Form (the “Exercise Date”), the
      Warrant Shares so subscribed for will be deemed to have been issued and
      the persons to whom such Warrant Shares have been deemed to be issued will
      be deemed to have become the holder (or holders) of record of such Warrant
      Shares on such date. 

	  	
       

	(b) 	
      As promptly as practicable after the Exercise Date and,
      in any event, within ten (10) Business Days of the Exercise Date, the
      Company shall forthwith cause to be delivered to the person or persons in
      whose name or names the Warrant Shares so subscribed for are to be
      registered as specified in such Subscription Form, and courier to him or
      them at his or their respective addresses specified in such Subscription
      Form, a certificate or certificates for the appropriate number of fully paid and non-assessable
Warrant Shares, which will not exceed that number which the Holder is entitled
to purchase pursuant to the Warrant Certificate surrendered. 

- 5 - 

	4.3 	
      Subscription for Less Than
    Entitlement

The Holder of any Warrant may subscribe for and purchase a
number of Warrant Shares less than the number which the Holder is entitled to
purchase pursuant to the surrendered Warrant Certificate. In the event of any
purchase of a number of Warrant Shares less than the number which can be
purchased pursuant to the Warrant Certificate, the Holder, upon exercise
thereof, shall be entitled to receive a new Warrant Certificate in respect of
the balance of the Warrant Shares which the Holder was entitled to purchase
pursuant to the surrendered Warrant Certificate and which were not then
purchased. 

	4.4 	
      Warrants for Fractions of Warrant
    Shares

To the extent that the Holder of any Warrant is entitled to
receive on the exercise or partial exercise thereof a fraction of a Warrant
Share, such right may be exercised in respect of such fraction only in
combination with another Warrant or other Warrants which, in the aggregate,
entitle the Holder to receive a whole number of such Warrant Shares. 

	4.5 	
      Expiration of
Warrants

After the Time of Expiry, all rights under the Warrant
Certificate and these Terms and Conditions shall wholly cease and terminate and
the Warrants shall be void and of no further force and effect. 

	4.6 	
      Adjustment of Exercise
  Price

	(a) 	
      The Exercise Price and the number of Warrant Shares
      deliverable upon the exercise of the Warrants will be subject to
      adjustment in the event of and in the manner following:

	 	 	 
		(i) 	
      if and whenever the Shares at any time outstanding are
      subdivided into a greater, or consolidated into a lesser, number of
      Shares, the Exercise Price will be decreased or increased proportionately
      as the case may be. Upon any such subdivision or consolidation, the number
      of Warrant Shares deliverable upon the exercise of the Warrants will be
      increased or decreased proportionately as the case may be.

	 	 	 
		(ii) 	
      in the case of any capital reorganization or of any
      reclassification of the capital of the Company, or in the case of the
      consolidation, merger or amalgamation of the Company with or into any
      other company (hereinafter collectively referred to as a
      “Reorganization”), each Warrant will, after such Reorganization,
      confer the right to purchase the number of Warrant Shares or other
      securities of the Company (or of the company resulting from such
      Reorganization) which the Holder would have been entitled to upon the
      Reorganization if the Holder had been a shareholder of the Company at the
      time of such Reorganization.

	 	 	 
	(b) 	
      In the case of any Reorganization, if necessary,
      appropriate adjustments will be made in the application of the provisions
      of this Section 4.6 relating to the rights and interest thereafter of the
      Holder so that the provisions of this Section 4.6 will be made applicable
      as nearly as reasonably possible to any Warrant Shares or other securities
      deliverable after the Reorganization on the exercise of the
    Warrants.

	 	 	 
	(c) 	
      The subdivision or consolidation of Shares at any time
      outstanding into a greater or lesser number of Shares (whether with or
      without par value) will not be deemed to be a Reorganization for the
      purposes of this Section 4.6.

	 	 	 
	(d) 	
      The adjustments provided for in this Section 4.6 are
      cumulative and will become effective immediately after the applicable
      record date or, if no record date is fixed, the effective date of the
      event which results in such adjustments.

	4.7 	
      Notice of Record
Date

	(a) 	
      If at any time while this or any replacement Warrant
      Certificate is outstanding:

	 	 	 
		(i) 	
      the Company proposes to pay any dividend of any kind upon
      its Shares or make any distribution to the holders of its
Shares;

	 	 	 
		(ii) 	
      the Company proposes to offer for subscription pro rata
      to the holders of its Shares any additional shares of stock of any class
      or other rights;

- 6 - 

	 	(iii) 	
      the Company proposes any Reorganization; or

	 	 	 
	 	(iv) 	
      there is a voluntary or involuntary dissolution,
      liquidation or winding-up of the Company,

the Company shall give to the Holder at
least seven (7) days’ prior written notice (the “Record Date Notice”) of
the date on which the books of the Company are to close or a record is to be
taken for such dividend, distribution or subscription rights, or for determining
rights to vote with respect to such Reorganization, dissolution, liquidation or
winding-up.

	(b) 	
      The Record Date Notice shall specify, in the case of any
      such dividend, distribution or subscription right, or for determining
      rights to vote with respect to such Reorganization, dissolution,
      liquidation or winding-up, as the case may be, the date on which holders
      of Shares will be entitled to exchange their Shares for securities or
      other property deliverable upon any dividend, distribution, subscription
      right, Reorganization, dissolution, liquidation or winding-up, as the case
      may be.

	 	 
	(c) 	
      Each Record Date Notice shall be delivered to the Holder
      at the address of the Holder set forth on the Warrant Certificate or at
      such other address as the Holder may from time to time specify to the
      Company in writing to the address of the Company set forth in Section
      3.2.

	4.8 	
      Determination of
  Adjustments

If any questions will at any time arise with respect to the
Exercise Price or any adjustment provided for in Section 4.6, such questions
will be conclusively determined by the Company’s Auditors, or, if they decline
to so act, by any other firm of certified public accountants registered with the
Canadian Public Accountability Board that the Company may designate and who will
have access to all appropriate records, and such determination will be binding
upon the Company and the Holder. 

	5. 	
      WAIVER OF CERTAIN
RIGHTS

The Holder, as part of the consideration for the issue of the
Warrants, waives and will not have any right, cause of action or remedy now or
hereafter existing in any jurisdiction against any past, present or future
incorporator, shareholder, director or officer of the Company for the issue of
Warrant Shares pursuant to the exercise of any Warrant, or on any covenant,
agreement, representation or warranty by the Company herein contained or
contained in the Warrant Certificate. 

	6. 	
      MODIFICATION OF TERMS AND CONDITIONS FOR CERTAIN
      PURPOSES

From time to time, the Company may, subject to the provisions
herein, modify the Terms and Conditions hereof, for the purpose of correction or
rectification of any ambiguities, defective provisions, errors or omissions
herein. 

	7. 	
      TIME OF ESSENCE

Time will be of the essence hereof. 

	8. 	
      SUCCESSORS

This Warrant Certificate will enure to the benefit of and will
be binding upon the Company and its successors. 

	9. 	
      WARRANTS NOT
TRANSFERABLE

None of the Warrants, nor any rights attached to any of them,
are transferable. 

- 7 - 

APPENDIX B 

SUBSCRIPTION FORM 

	TO: 	Teckmine Industries, Inc. 
	  	17622 La Entrada Drive 
	  	Yorba Linda, CA 92886 
	  	  	  
	  	Attention: 	President 
	  	Email: 	nwoods@nextstepdesigns.com 

The undersigned Holder of the within Warrants hereby subscribes
for  ____________ shares of common stock (the “Shares”) of Teckmine
Industries, Inc. (the “Company”) pursuant to the within Warrants at the
Exercise Price per Share on the Terms and Conditions of the within Warrant
Certificate. This subscription is accompanied by a certified cheque, payable to
or to the order of the Company for the whole amount of the purchase price of the
Shares. 

The undersigned hereby represents and warrants that all
representations and warranties contained in the original Subscription Agreement
between the undersigned and the Company will be true and correct at the time of
the exercise of the Warrants. 

The undersigned hereby directs that the Shares be registered as
follows: 

	  	 	  	 	 	  	 	 	NUMBER OF 	 
	NAME(S) IN FULL 	 	SIN OR SSN NUMBER 	 	 	ADDRESS(ES) 	 	 	SHARES 	 
	  	 	  	 	 	  	 	 	  	 
	  	 	  	 	 	  	 	 	  	 
	  	 	  	 	 	  	 	 	  	 
	  	 	  	 	 	  	 	 	  	 
	 	 	 	 	 	 	 	 	 	 
	  	 	  	 	 	TOTAL: 	 	 	 
    	 

(Please print full name in which share certificates are to be
issued, stating whether Mr., Mrs. or Miss is applicable). 

DATED this ________ day of __________________, ______. 

In the presence of: 

	 	 	 
	Signature of Witness 	 	Signature of Warrant Holder

	Please print below your name and address in
      full. 
	 	 	 
	Name (Mr./Mrs./Miss) 	 	 
	 	 	 
	Address 	 	 
	 	 	 
	 	 	 

LEGENDS 

The certificates representing the Shares acquired on the
exercise of the Warrants will bear the following legends, if and as applicable:

THE SECURITIES REPRESENTED HEREBY RELATE TO AN OFFERING OF
SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS
DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “1933 ACT”).

NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. 

- 8 - 

INSTRUCTIONS FOR SUBSCRIPTION FORM

The signature to the Subscription Form must correspond in every
particular with the name written upon the face of the Warrant Certificate
without alteration or enlargement or any change whatever. If there is more than
one subscriber, all must sign. 

In the case of persons signing by agent or attorney or by
personal representative(s), the authority of such agent, attorney or
representative(s) to sign must be proven to the satisfaction of the Company.

If the Warrant Certificate and the Subscription Form are being
forwarded by mail, registered mail must be employed.

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