Document:

Exhibit 10.1

 

PERSHING GOLD CORPORATION

THIRD AMENDMENT TO

RESTRICTED STOCK AGREEMENT

(Non-Assignable)

 

This Third Amendment
to Restricted Stock Agreement (this “Amendment”) is dated as of February 5, 2015, by and between Stephen Alfers
(“Holder”) and Pershing Gold Corporation, a Nevada corporation (the “Corporation”).

 

A.On May 13, 2013,
Holder and the Corporation entered into that certain Restricted Stock Agreement (the “Original Agreement”) pursuant
to which Holder was granted Three Million Eight Hundred Ninety-two Thousand Five Hundred Ten (3,892,510) restricted shares (the
“Shares”) of the Corporation’s common stock, par value $0.0001 per share.

 

B.On December 23,
2013, Holder and the Corporation entered into that certain First Amendment to Restricted Stock Agreement (the “First Amendment”)
pursuant to which the vesting of certain of the shares was accelerated from March 14, 2014 to December 26, 2013.

 

C. On June 11,
2014, Holder and the Corporation entered into that certain Second Amendment to Restricted Stock Agreement (the “Second
Amendment”; the Original Agreement as amended by the First Amendment and the Second Amendment, collectively, the “Agreement”)
pursuant to which the vesting of certain of the shares was deferred from June 18, 2014 to March 14, 2015.

 

D. The Corporation
and Holder have agreed to amend the Agreement as set forth herein.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.Amendment
to Restricted Stock Agreement. The Agreement is hereby amended by deleting Section 1 thereof and replacing it with the following:

 

1.Vesting
Schedule. The Shares shall be subject to the following vesting provisions. All vesting is subject to claw-backs (as set forth
in Section 2 herein) in the event of any breach of Corporate policy, restatements and/or adjustments, and the terms of the Plan
including Section 6(f) (Termination of Employment). Notwithstanding anything herein to the contrary, all vested shares may be exercised
and disposed of not sooner than six months following the date hereof.

 

	Percentage of Shares to Vest	Date of Vesting
	33.33%	December 26, 2013
	33.33%	March 14, 2015
	33.34%	March 14, 2016

 

 

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2.No Other Changes.
Except for the amendment contained in Section 1 hereof, the Agreement is hereby ratified and confirmed and shall continue in full
force and effect without any further amendments or changes.

 

3.Counterparts.
This Amendment may be executed in counterparts each of which taken together shall constitute one and the same instrument.

 

4.Governing
Law. This Amendment shall be governed by, and construed and enforced in accordance with, the internal laws of the State of
Nevada without reference to principles of conflicts of laws.

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

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IN WITNESS WHEREOF,
the parties have caused this Amendment to be duly executed as of the date first above written.

 

	 	HOLDER:
	 	 
	 	 
	 	/s/ Stephen Alfers                                               
	 	Stephen Alfers
	 	 
	 	 
	 	 
	 	PERSHING GOLD CORPORATION
	 	 
	 	 
	 	By: /s/ Eric Alexander                                         
	 	Name: Eric Alexander
	 	Title: Vice President Finance and Controller

 

 

 

    	3Exhibit 10.2

 

PERSHING GOLD CORPORATION

2012 Equity Incentive Plan

 

THIRD AMENDMENT TO AMENDED AND RESTATED

RESTRICTED STOCK AGREEMENT

(Non-Assignable)

 

This Third Amendment
to Amended and Restated Restricted Stock Agreement (this “Amendment”) is dated as of February 5, 2015, by and
between Stephen Alfers (“Holder”) and Pershing Gold Corporation, a Nevada corporation (the “Corporation”).

 

A.On May 13, 2013,
Holder and the Corporation entered into that certain Amended and Restated Restricted Stock Agreement (the “Original Agreement”)
pursuant to which Holder was granted One Million One Hundred Seven Thousand Four Hundred Ninety (1,107,490) restricted shares (the
“Shares”) of the Corporation’s common stock, par value $0.0001 per share, pursuant to and subject to the
terms of the Corporation’s 2012 Equity Incentive Plan (the “Plan”).

 

B.On December 23,
2013, Holder and the Corporation entered into that certain First Amendment to Amended and Restated Restricted Stock Agreement (the
“First Amendment”) pursuant to which the vesting of certain of the Shares was accelerated from March 14, 2014
to December 26, 2013. 

 

C.On June 11, 2014,
Holder and the Corporation entered into that certain Second Amendment to Amended and Restated Restricted Stock Agreement (the “Second
Amendment”; the Original Agreement as amended by the First Amendment and the Second Amendment, collectively, the “Agreement”)
pursuant to which the vesting of certain of the Shares was deferred from June 18, 2014 to March 14, 2015.

 

D. The Corporation
and Holder have agreed to amend the Agreement as set forth herein.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.Amendment
to Restricted Stock Agreement. The Agreement is hereby amended by deleting Section 1 thereof and replacing it with the following:

 

1.Vesting
Schedule. The Shares shall be subject to the following vesting provisions. All vesting is subject to claw-backs (as set forth
in Section 2 herein) in the event of any breach of Corporate policy, restatements and/or adjustments, and the terms of the Plan
including Section 6(f) (Termination of Employment). Notwithstanding anything herein to the contrary, all vested shares may be exercised
and disposed of not sooner than six months following the date hereof.

 

    	1

    	 

    

 

	Percentage of Shares to Vest	Date of Vesting
	33.33%	December 26, 2013
	33.33%	March 14, 2015
	33.34%	March 14, 2016

 

2.No Other Changes.
Except for the amendment contained in Section 1 hereof, the Agreement is hereby ratified and confirmed and shall continue in full
force and effect without any further amendments or changes.

 

3.Counterparts.
This Amendment may be executed in counterparts each of which taken together shall constitute one and the same instrument.

 

4.Governing
Law. This Amendment shall be governed by, and construed and enforced in accordance with, the internal laws of the State of
Nevada without reference to principles of conflicts of laws.

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

    	2

    	 

    

 

 

IN WITNESS WHEREOF,
the parties have caused this Amendment to be duly executed as of the date first above written.

 

 

	 	HOLDER:
	 	 
	 	 
	 	/s/ Stephen Alfers                                                
	 	Stephen Alfers
	 	 
	 	 
	 	 
	 	PERSHING GOLD CORPORATION
	 	 
	 	 
	 	By: /s/ Eric Alexander                                          
	 	Name: Eric Alexander
	 	Title: Vice President Finance and Controller
	 	 

 

 

    	3Exhibit 10.3

 

PERSHING GOLD CORPORATION

THIRD AMENDMENT TO

EXECUTIVE EMPLOYMENT AGREEMENT

This Third Amendment
to Executive Employment Agreement (this “Amendment”) is dated as of February 5, 2015, by and between Stephen
Alfers (“Executive”) and Pershing Gold Corporation (formerly Sagebrush Gold Ltd.), a Nevada corporation (the
“Corporation”).

 

A.On February 9,
2012, Executive and the Corporation entered into that certain Executive Employment Agreement (the “Original Agreement”)
pursuant to which Executive was granted Twelve Million (12,000,000) restricted shares (the “Shares”) of the
Corporation’s common stock, par value $0.0001 per share, pursuant to and subject to the terms of the Corporation’s
2012 Equity Incentive Plan (the “Plan”).

 

B. On February
8, 2013, Executive and the Corporation entered into that certain First Amendment to Executive Employment Agreement (the “First
Amendment”) pursuant to which the vesting of certain of the Shares was deferred from February 9, 2013 to March 14, 2014.

 

C. On December
23, 2013, Executive and the Corporation entered into that certain Second Amendment to Executive Employment Agreement (the “Second
Amendment”; the Original Agreement as amended by the First Amendment and the Second Amendment, collectively, the “Agreement”)
pursuant to which the vesting of certain of the Shares was accelerated from March 14, 2014 to December 26, 2013.

 

D. The Corporation
and Executive have agreed to amend the Agreement as set forth herein.

 

NOW, THEREFORE, in
consideration for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.Amendments
to Executive Employment Agreement. The Agreement is hereby amended by deleting Exhibit A to the Agreement in its entirety and
replacing it with Exhibit A attached hereto.

 

2.No Other Changes.
Except for the amendments contained in Section 1 hereof, the Agreement is hereby ratified and confirmed and shall continue in full
force and effect without any further amendments or changes.

 

3.Counterparts.
This Amendment may be executed in counterparts each of which taken together shall constitute one and the same instrument.

 

4.Governing
Law. This Amendment shall be governed by, and construed and enforced in accordance with, the internal laws of the State of
Nevada without reference to principles of conflicts of laws.

 

 

[SIGNATURE PAGE FOLLOWS]

 

    	1

    	 

    

 

IN WITNESS WHEREOF,
the parties have caused this Amendment to be duly executed as of the date first above written.

 

	 	EXECUTIVE:
	 	 
	 	 
	 	/s/ Stephen Alfers                                                  
	 	Stephen Alfers
	 	 
	 	 
	 	 
	 	PERSHING GOLD CORPORATION
	 	 
	 	 
	 	By: /s/ Eric Alexander                                            
	 	Name: Eric Alexander 
	 	Title: Vice President of Finance and Controller

 

 

    	2

    	 

    

 

Exhibit A

 

Vesting of Restricted Stock Grant

 

 

		i	6,000,000 shares of restricted common stock (including
the Registrable Equity Grant) shall vest on December 26, 2013,

 

		ii	3,000,000 shares of restricted common stock shall vest
on February 9, 2014, and

 

		iii	3,000,000 shares of restricted common stock shall vest
on February 9, 2016.

 

 

    	3

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