Document:

ASIA
ENTERTAINMENT & RESOURCES LTD.

    NOTICE
OF FULL REDEMPTION

     

    Ordinary
Share Purchase Warrants, Exercise Price $5.00

     

    Dated
as of June 28, 2010

     

    CUSIP#
G0539K-116

     

    NOTICE IS HEREBY GIVEN to all
record holders on the date hereof that, pursuant to the provisions of the
Warrant Agreement (the “Warrant Agreement”) between Asia Entertainment &
Resources Ltd., as issuer (the “Company”), and Continental Stock Transfer &
Trust Company, as Warrant Agent, that the Asia Entertainment & Resources
Ltd. Ordinary Share Purchase Warrants (the "Warrants") have been selected
for Full Redemption on October
28, 2010 (the "Redemption Date") at a redemption price equal to $0.01
(the “Redemption Price”) per Warrant.

    

    At any
time prior to the close of business on the Redemption Date, warrant holders may
exercise their right to convert their warrants into the Company’s ordinary
shares upon payment of the exercise price of $5.00 per share.  The
Warrants may be exercised using the following address of the Warrant
Agent:

    

    By Mail or Overnight
to:

    Continental
Stock Transfer & Trust Company

    17
Battery Place, 8th floor

    New
York, NY 10004

    Attn:
Reorganization Department

    

    The
exercise price of the Warrants is $5.00.  Each Warrant is currently
exercisable for 1 ordinary share of the Company.  The closing price of
the Company’s ordinary shares on June 24, 2010 was $7.50 per
share.  The right of holders of Warrants to exercise their Warrants
for ordinary shares of the Company shall terminate at the close of business on
October 28, 2010, the Redemption Date, provided that the registration statement
with respect to the ordinary shares for which the Warrants are exercisable
remains current and effective through the Redemption Date.  If you
wish to exercise your Warrants for ordinary shares of the Company, Continental
Stock Transfer & Trust Company must have received the certificates
representing your Warrants, the duly executed subscription form as set forth in
the Warrants, and payment of the exercise price no later than October 28,
2010.

    

    Only a
registered holder of Warrants may surrender Warrants for redemption or
exercise.  Any beneficial owner whose Warrants are registered in the
name of his broker, dealer, commercial bank, trust company or other nominee
should contact the registered holder promptly.

    

    If you
have any questions about responding to this request, please call Continental
Stock Transfer and Trust Company at 212-509-4000 ext. 536.

    

    IMPORTANT
TAX INFORMATION.
Withholding of 28% of gross redemption proceeds of any payment made within the
United States may be required by the Jobs and Growth Tax Relief Reconciliation
Act of 2003 (the “Act”), unless the Warrant Agent has the correct taxpayer
identification number (social security or employer identification number) or
exemption certificate of the payee. Please furnish a properly completed Form W-9
or exemption certificate or equivalent when presenting your
Warrants.

     

    Date:
June 28, 2010Unassociated Document

    

     

    THIS NOTE
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY
NOT BE SOLD, TRANSFERRED OR ASSIGNED UNLESS SO REGISTERED OR AN EXEMPTION FROM
REGISTRATION UNDER SAID ACT IS AVAILABLE.

     

    PROMISSORY
NOTE

     

    
      	Principal
      Amount:  $30,000   	
              Dated as of June 25,
      2010

            

    

     

     

    FOR VALUE
RECEIVED, Jedediah Resources Corp., a Nevada corporation (“Maker” or “Company”), promises
to pay to Murrayfield Limited, with an address of Conference House, 152 Morrison
Street, Edinburgh, E83 8EB, UK (the “Holder”), or its
registered assigns, the principal sum of THIRTY THOUSAND DOLLARS (U.S. $30,000),
or such lesser amount as shall equal the outstanding principal amount hereof,
together with accrued interest from the date of this note (“Note”) on the unpaid
principal balance as provided below.  All unpaid principal, together
with any then unpaid and accrued interest shall be due and payable on June 26,
2011 (the “Maturity
Date”).

    

    1.           Repayment and
Interest.

     

    (a)           Holder
shall be entitled to interest at the rate of Twelve Percent (12%) per annum on
the unpaid principal balance of this Note, computed on the basis of the actual
number of days elapsed and a year of 365 days, which shall be due on the
Maturity Date.

     

    (b)           Notwithstanding
any provision in this Note, in the event that the interest rate chargeable
hereunder exceeds the highest lawful rate that may be charged under applicable
law, the interest rate shall be deemed to be equal to the highest lawful
rate.

     

    (c)           At
its election, Maker, may, at any time, prepay the principal and interest on this
Note in whole or in part, without penalty or premium.

     

    
      	
               
      

            	
              2.

            	
              No
      Security.  This Note is
  unsecured.

            

    

    

    3.           Notice of
Default.  The Company shall furnish to the Holder promptly upon
the occurrence thereof, written notice of the occurrence of any Event of Default
hereunder.

    

    4.           Event of
Default.

     

    (a)  For purposes of this
Note, an “Event of Default” occurs if:

     

    
      	
              (i)

            	
              Maker
      does not make payment of principal or interest when the same becomes due
      and payable, and such default shall continue for a period of five (5)
      business days following such due date;
or

            

    

     

    
      	
              (ii)

            	
              Maker
      becomes insolvent or bankrupt or makes an assignment for the benefit of
      creditors or if a bankruptcy petition is filed or presented against Maker
      or if a custodian or a sequestrator or a receiver or any other officer
      with similar powers shall be appointed on behalf of Maker or its
      properties or any part thereof, which is in the reasonable opinion of
      Holder a substantial part thereof.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)           Holder
may at any time waive any Event of Default which may have occurred provided that
no such waiver shall extend to or be taken in any manner whatsoever to affect
any subsequent Event of Default or the rights or remedies resulting
therefrom.

    

    5.           Rights of Holder upon
Default. Upon the occurrence or existence of any Event of Default, and at
any time thereafter during the continuance of such Event of Default, the Holder
may by written notice to the Company, declare all amounts under the Note
hereunder to be immediately due and payable without presentment, demand, protest
or any other notice of any kind, all of which are hereby expressly waived by the
Company.

    

    6.           Mutilated, Destroyed, Lost
or Stolen Note.  In case this Note shall become mutilated or
defaced, or be destroyed, lost or stolen, Maker shall execute and deliver a new
note of like principal amount in exchange and substitution for the mutilated or
defaced Note, or in lieu of and in substitution for the destroyed, lost or
stolen Note.  In the case of a mutilated or defaced Note, the Holder
shall surrender such Note to Maker.  In the case of any destroyed,
lost or stolen Note, the Holder shall furnish to Maker:  (a) evidence
to its satisfaction of the destruction, loss or theft of such Note, and (b) such
security or indemnity as may be reasonably required by Maker to hold Maker
harmless.

    

    7.           Successors and
Assigns.  Subject to the restrictions on transfer described in
Section 9 below, the rights and obligations of the Company and the Holder of
this Note shall be binding upon and benefit the successors, assigns, heirs,
administrators and transferees of the parties.

    

    8.           Waiver and
Amendment.  Any provision of this Note may be amended, waived
or modified upon the prior written consent of the Company and the
Holder.

    

    9.           Assignment by
Holder.  This Note may not be transferred in violation of any
restrictive legend set forth hereon.  Each new Note issued upon
transfer of this Note shall bear a legend as to the applicable restrictions on
transferability in order to ensure compliance with the Securities Act of 1933,
as amended (the “Securities Act”),
unless in the opinion of counsel for the Company such legend is not required in
order to ensure compliance with the Securities Act.  The Company may
issue stop transfer instructions to its transfer agent in connection with such
restrictions.  Subject to the foregoing, transfers of this Note shall
be registered upon registration books maintained for such purpose by or on
behalf of the Company.  Prior to presentation of this Note for
transfer, the Company shall treat the registered holder hereof as the owner and
holder of this Note for the purpose of receiving all payments of principal and
interest hereon and for all other purposes whatsoever, whether or not this Note
shall be overdue, and the Company shall not be affected by any notice to the
contrary.

    

    10.           Notices.  Any
notice, request or other communication required or permitted hereunder shall be
in writing and shall be deemed to have been duly given if personally delivered
or mailed by registered or certified mail, postage prepaid, or by recognized
overnight courier or personal delivery, if to the Company at the principal
executive office of the Company, and if to the Holder, at the address set forth
on the register maintained by the Company or at such other address as the
Company or the Holder may designate by ten days advance written notice to the
other party hereto.

     

    11.           Payment.  Payment
shall be made in lawful tender of the United States by cash, check or wire
transfer of immediately available funds.

    

    12.           Enforcement.  In
the event any court of competent jurisdiction shall determine that any
provision, or any portion thereof, contained in this Note is unreasonable or
unenforceable in any respect, then such provision shall be deemed limited to the
extent such court deems it reasonable and enforceable, and as so limited shall
remain in full force and effect.  In the event such court shall deem
any such provision, or portion thereof, wholly unenforceable, the remaining
provisions of this Note shall nevertheless remain in full force and
effect.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    13.           Governing
Law.  This Note shall be governed by and construed in
accordance with the laws of the State of Nevada (without giving effect to the
conflict of laws principles thereof).  Any legal action or proceeding
with respect to this Note shall be brought exclusively in Nevada State Court,
County of Clark, or in the United States District Court for the District of
Nevada, and by execution and delivery of this Note, the Maker hereby accepts for
itself and in respect of its property, generally and unconditionally, the
jurisdiction of the aforesaid courts.

     

    14.           Final
Agreement.  This Agreement supersedes all prior agreements and
understandings among the parties hereto with respect to the subject matter
hereof.

     

    IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, executed this Note
on the day and year first above written.

     

     

    
      
        	 	JEDEDIAH RESOURCES
      CORP.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Soren
      Nielsen	 
	 	 	Name: 
      Soren Nielsen	 
	 	 	Title: 
      Chief Executive Officer

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