Document:

EASTERN RESOURCES, INC.

 

Non-Statutory Stock Option Agreement

Granted Under 2012 Equity Incentive Plan

 

		1.	Grant of Option.

 

This agreement (this
“Agreement”) evidences the grant by Eastern Resources, Inc., a Delaware corporation (the “Company”), on
__________, 2012 (the “Grant Date”) to ______________________________, an employee, director, consultant or advisor
of the Company (the “Participant”), of an option (the “Option”) to purchase, in whole or in part, on the
terms provided herein and in the Company’s 2012 Equity Incentive Plan (the “Plan”), a total of ______________________________
shares (the “Shares”) of common stock of the Company (“Common Stock”) at $2.00 per Share. Unless earlier
terminated, this option shall expire at 5:00 p.m., Eastern Time, on __________, 2022 (the “Final Exercise Date”).

 

It is not intended
that the Option evidenced by this Agreement be an incentive stock option as defined in Section 422 of the Internal Revenue Code
of 1986, as amended, and any regulations promulgated thereunder (the “Code”). Accordingly, the Option shall be treated
as a non-qualified stock option.

 

Except as otherwise
indicated by the context, the term “Participant”, as used in this Agreement, shall be deemed to include any person
who acquires the right to exercise this option validly under its terms.

 

The Participant agrees
to report sales of Shares that were issued pursuant to Option exercises to the Company within five (5) business days after such
sale is concluded. The Participant also agrees to pay to the Company, within ten (10) business days after such sale is concluded,
the amount necessary for the Company to satisfy its withholding requirement required by the Code in the manner specified in Section
13 of the Plan. Nothing herein is intended as a representation that the Shares may be sold without registration under state and
federal securities laws or an exemption therefrom or that such registration or exemption will be available at any specified time.

 

    	 

    	 

    

 

		2.	Vesting Schedule.

 

The Option will vest
and become exercisable to 33.333% of the original number of Shares (__________ Shares) on each of the first, second and third anniversary
of the Grant Date.

 

The right of exercise
shall be cumulative so that to the extent the Option is not exercised in any period to the maximum extent permissible it shall
continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final
Exercise Date or as provided in Section 3 hereof or in the Plan.

 

		3.	Exercise of Option.

 

(a)    (i)
    Manner of Exercise.  Each election to exercise the Option shall be in writing, in substantially
the form of Notice of Election to Exercise attached hereto as Exhibit A (the “Exercise Notice”), signed by the
Participant, and received by the Company at its principal office, accompanied by this Agreement, and payment in full in the manner
provided herein. The Participant may purchase less than the number of Shares covered hereby, provided that no partial exercise
of the Option may be for any fractional share.

 

(ii)     Manner
of Payment.  Payment of the exercise price may be made in cash, by certified or cashier’s check or on a cashless
basis. The Participant may exercise the Option, in whole or in part, on a cashless basis determined by the following formula:

 

X=Y*(A-B)

A

 

Where       X
= the number of Shares to be issued to the Participant.

 

Y = the number of exercised Shares.

 

A = the
Fair Value (as defined below) of one Share (determined at the date of delivery of the Exercise Notice).

 

B = the Exercise Price (as adjusted
to the date of such calculation).

 

(iii)    For
the purposes of Section 3(a)(ii), Fair Value per share of Common Stock shall mean the average Closing Price (as defined below)
per share of Common Stock on the five (5) trading days immediately preceding the date on which the Notice of Exercise is received
by the Company. Closing Price means, for any date, the price determined by the first of the following clauses that applies: (a)
if the Common Stock is then listed or quoted on the New York Stock Exchange, the American Stock Exchange, the NASDAQ Global Select
Market, the NASDAQ Global Market or the NASDAQ Capital Market or any other national securities exchange, the closing price per
share of the Common Stock for such date (or the nearest preceding date) on the primary eligible market or exchange on which the
Common Stock is then listed or quoted; (b) if prices for the Common Stock are then quoted on the OTC Bulletin Board, the closing
bid price per share of the Common Stock for such date (or the nearest preceding date) so quoted; or (c) if prices for the Common
Stock are then reported in the “Pink Sheets” published by the National Quotation Bureau Incorporated (or a similar
organization or agency succeeding to its functions of reporting prices), the most recent closing bid price per share of the Common
Stock so reported. If the Common Stock is not publicly traded as set forth above, the Fair Value per share of Common Stock shall
be reasonably and in good faith determined by the Board of Directors of the Company as of the date which the Notice of Exercise
is received by the Company.

 

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(b)    Continuous
Relationship with the Company Required.  Except as otherwise provided in this Section 3, the Option may not be exercised
unless the Participant, at the time he or she exercises the Option, is, and has been at all times since the Grant Date, an employee,
consultant, director or advisor of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of
the Code (an “Eligible Participant”).

 

(c)    Termination
of Relationship with the Company.  If the Participant ceases to be an Eligible Participant for any reason, then,
except as provided in paragraphs (d) through (g) below, the right to exercise the Option shall terminate three months after such
cessation (but in no event after the Final Exercise Date), provided that the Option shall be exercisable only to the extent
that the Participant was entitled to exercise the Option on the date of such cessation.

 

Unless otherwise provided
by the Board of Directors of the Company and except as provided in paragraph (g) below, all of the Options that have not yet vested
as of the date the Participant ceases to be an Eligible Participant shall terminate immediately upon such cessation for any reason
whatsoever, including cause, disability and death.

 

(d)    Termination
for Cause. Notwithstanding anything herein contained to the contrary, the Option shall terminate upon the date of the first
discovery by the Company of any reason for the termination of the Participant as an Eligible Participant for cause (as determined
in the sole discretion of the Board of Directors of the Company). If the Participant’s status as an Eligible Participant
is suspended pending any investigation by the Company as to whether the Participant should be terminated for cause, the Participant’s
rights under this Agreement and the Plan shall likewise be suspended during the period of any such investigation.

 

(e)    Exercise
Period Upon Disability.  If the Participant becomes disabled (within the meaning of Section 22(e)(3) of the Code)
prior to the Final Exercise Date while he or she is an Eligible Participant, the Option shall be exercisable, only to the extent
that the Participant was entitled to exercise the Option on the date of such disability, within the period of one year following
the date of disability of the Participant, by the Participant, provided that the Option shall not be exercisable after the
Final Exercise Date.

 

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(f)    
Exercise Period Upon Death.  If the Participant dies prior to the Final Exercise Date while he or she is an Eligible
Participant, the Option shall be exercisable, only to the extent that the Participant was entitled to exercise the Option on the
date of death, within the period of one year following the date of death of the Participant, by the person(s) to whom the Participant’s
rights under the Option shall pass by the Participant’s will or by the laws of descent and distribution, provided that
the Option shall not be exercisable after the Final Exercise Date.

 

(g)    Termination
Without Cause. Notwithstanding anything herein contained to the contrary and pursuant to an employment agreement between the
Company and the Participant,  if a Participant is terminated without “cause” (as defined in the applicable
employment agreement between the Participant and the Company), if so provided in such employment agreement, all of the Options
that have not yet vested as of the date of such termination shall vest immediately and the Option shall be exercisable, within
the period of three months following the date of termination, by the Participant, provided that the Option shall not be
exercisable after the Final Exercise Date.

 

		4.	Tax Matters.

 

(a)    
Withholding.  No Shares will be issued pursuant to the exercise of the Option unless and until the Participant pays
to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required
by law to be withheld in respect of the Option. Regardless of any action the Company or the Participant take with respect to any
or all income tax (including federal, state, local and foreign tax), social insurance, payroll tax, payment on account or other
tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related
Items”), the Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains the Participant’s
responsibility and may exceed the amount actually withheld by the Company.

 

		5.	Transfer Restrictions.

 

(a)    The
Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation
of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, the Option shall be
exercisable only by the Participant.

 

(b)    The
issuance and transfer of Shares shall be subject to compliance by the Company and the Participant with all applicable requirements
of federal, state, local or foreign securities laws and with all applicable requirements of any stock exchange or trading market
on which the Shares may be listed at the time of such issuance or transfer.

 

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		6.	Nature of the Grant.

 

By entering into this
Agreement and accepting the grant of the Option evidenced hereby, the Participant acknowledges that: (i) the Plan is established
voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company
at any time unless otherwise provided in the Plan and this Agreement; (ii) the grant of the Option is voluntary and occasional
and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options; (iii) all
decisions with respect to future grants, if any, will be at the sole discretion of the Company; (iv) the Participant’s participation
in the Plan shall not create a right to further employment with the Company and shall not interfere with the ability of the Company
to terminate the Participant’s employment relationship at any time; (v) the Participant’s participation in the Plan
is voluntary; (vi) the future value of the underlying Shares is unknown and cannot be predicted with certainty, and if the Participant
exercises the Option and obtains Shares, the value of those Shares may increase or decrease in value, even below the exercise price;
and (vii) if the underlying Shares do not increase in value, the Option will have no value.

 

		7.	409A Disclaimer.

 

This Agreement shall
be interpreted in accordance with, and incorporate the terms and conditions required by, Section 409A of the Code. The Company
reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify
this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect),
or take any other actions, as the Company determines are necessary or appropriate to ensure that the Option qualifies for exemption
from, or complies with the requirements of, Code Section 409A; provided, however, that the Company makes no representation that
the Option will be exempt from, or will comply with, Section 409A of the Code, and makes no undertakings to preclude Section 409A
of the Code from applying to the Option or to ensure that it complies with Section 409A of the Code. For the avoidance of doubt,
the Participant hereby acknowledges and agrees that the Company will have no liability to the Participant or any other party if
the grant, vesting, exercise, issuance of shares or any other transaction under this Agreement is not exempt from, or compliant
with, Code Section 409A, or for any action taken by the Company with respect thereto.

 

		8.	Additional Terms.

 

The Company reserves
the right to impose other requirements on the Participant’s participation in the Plan, to the extent the Company determines
it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the
Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

 

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		9.	Investment Intent.

 

By accepting the Option,
the Participant represents and agrees that none of the Shares of Common Stock purchased upon exercise of the Option will be distributed
in violation of applicable federal and state laws and regulations. In addition, the Company may require, as a condition of exercising
the Option, that the Participant execute an undertaking, in such a form as the Company shall reasonably specify, that the Shares
are being purchased only for investment and without any then-present intention to sell or distribute such shares.

 

		10.	Adjustments for Stock Splits, Stock Dividends, Etc.

 

(a)    
In the case of any recapitalization, reclassification, consolidation, stock split, stock dividend, subdivision or combination of
shares or like change in the nature of the Common Stock covered by this Agreement, the number of Options and exercise price shall
be proportionately adjusted.

 

(b)    The
existence of the Options shall not affect in any way the right or power of the Company or its shareholders to make or authorize
any adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business,
or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or preference stocks ahead of or affecting
the shares issuable upon exercise of the Options, or the dissolution or liquidation of the Company, or any sale or transfer of
all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

		11.	Professional Advice.

 

The acceptance of the
Option, exercise of the Option, and the sale of Common Stock issued following the exercise of Option may have consequences under
federal and state tax and securities laws which may vary depending upon the individual circumstances of the Participant. Accordingly,
the Participant acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection
with this Agreement and his or her dealings with respect to the Options. Without limiting other matters to be considered with the
assistance of the Participant’s professional advisors, the Participant should consider: (a) whether upon the exercise of
the Options, the Participant will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and
the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying Shares
of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

 

		12.	Provisions of the Plan.

 

The terms of the Options
are subject to the provisions of the Plan, as the same may from time to time be amended, and any inconsistencies between this Agreement
and the Plan, as the same may be from time to time amended, shall be governed by the provisions of the Plan, a copy of which has
been delivered to the Participant, and which is available for inspection at the principal offices of the Company.

 

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		13.	Miscellaneous.

 

(a)    Disputes.
Any dispute or disagreement that may arise under or as a result of this Agreement, or any question as to the interpretation of
this Agreement, may be determined by the Company’s Board of Directors in its absolute and uncontrolled discretion, and any
such determination shall be final, binding, and conclusive on all affected persons.

 

(b)    Notices.
Any notice that a party may be required or permitted to give to the other shall be in writing, and may be delivered personally,
by overnight courier or by certified or registered mail, postage prepaid, addressed to the parties at their current principal addresses,
or such other address as either party, by notice to the other, may designate in writing from time to time.

 

(c)    Law
Governing. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado, without
reference to the principles thereof relating to the conflict of laws.

 

(d)    Agreement
Binding. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

(e)    Further
Action. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such
action as may be necessary or appropriate to achieve the purposes of the Agreement.

 

(f)    Parties
of Interest. Nothing herein shall be construed to be to the benefit of any third party, nor is it intended that any provision
shall be for the benefit of any third party.

 

(g)    Savings
Clause. If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held
invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as
to which it is held invalid, shall not be affected thereby.

 

[signature
page follows]

 

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IN WITNESS WHEREOF,
the Company has caused this Non-Statutory Stock Option Agreement to be executed under its corporate seal by its duly authorized
officer. This Agreement shall take effect as a sealed instrument.

 

	EASTERN RESOURCES, INC.
	 
	By:	 	 
	Name:
	Title:

 

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PARTICIPANT’S ACCEPTANCE

 

The undersigned hereby
accepts the foregoing Option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy
of Eastern Resources, Inc.’s 2012 Equity Incentive Plan.

 

	 	PARTICIPANT:	 
	 	 	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 

 

    	 

    	 

    

 

EXHIBIT A

 

To:

 

Eastern Resources, Inc.

1610 Wynkoop Street, Suite 400

Denver, CO 80202

 

Notice of Election to Exercise

 

This Notice of Election
to Exercise shall constitute proper notice pursuant to Eastern Resources, Inc.’s (the “Company”) 2012 Equity
Incentive Plan (the “Plan”) and Section 3(a)(i) of that certain Non-Statutory Stock Option Agreement (the “Agreement”)
dated as of __________, 2012, between the Company and the undersigned.

 

The undersigned hereby
elects to exercise Participant’s option to purchase ____________________ shares of common
stock of the Company at a price of US$_______ per share, for aggregate consideration of US$__________,
on the terms and conditions set forth in the Agreement and the Plan.

 

Payment is to be made as follows:

 

		 ̈	Cash

 

		 ̈	Bank or Certified Check

 

		 ̈	Cashless Exercise Pursuant to Section 3(a)(ii) of this Agreement

 

The Optionee hereby
directs the Company to issue, register and deliver the certificates representing the shares as follows:

 

	Registration Information:	 	Delivery Instructions:	 
	 	 	 	 
	(Name to appear on certificates)	 	Name	 
	Address:	 	Address:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	Telephone Number:	 	 

 

DATED at ______________________________,
the _____ day of __________, 20_____.

 

	 	 
	(Name of Optionee – Please type or print)	 
	 	 
	 	 
	(Signature and, if applicable, Title)	 
	 	 
	 	 
	(Address of Optionee)	 
	 	 
	 	 
	(City, State and Zip Code of Optionee)EMPLOYMENT SERVICES AGREEMENT

 

This
Employment Services Agreement (the “Agreement”) is entered into as of the 6th day of April, 2012, by and between EASTERN
RESOURCES, INC., a Delaware corporation, with a business address of 1610 Wynkoop Street,
Suite 400, Denver, CO 80202 (the “Company”),
and Patrick Imeson, an individual residing at One Lincoln Park, 2001 Lincoln Street, Denver, CO 80202 (the “Executive”).

 

INTRODUCTION

 

WHEREAS, the Company
desires to employ the Executive under the title and capacity set forth on Schedule A hereto and the Executive desires to
be employed by the Company in such capacity, subject to the terms of this Agreement;

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises and mutual promises herein below set forth, the parties hereby agree as follows:

 

1.           Employment
Period. The term of the Executive’s employment by the Company (directly or through its subsidiary) pursuant to this Agreement
(the “Employment Period”) shall commence upon the date hereof (the “Effective Date”) and
shall continue for that period of calendar months from the Effective Date set forth on Schedule A hereto. Thereafter, the
Employment Period shall automatically renew for successive periods of one (1) year each, unless either party shall have given to
the other at least thirty (30) days’ prior written notice of their intention not to renew the Executive’s employment
prior to the end of the Employment Period or the then applicable renewal term, as the case may be. In any event, the Employment
Period may be terminated as provided herein.

 

2.           Employment; Duties.

 

(a)      General.       Subject
to the terms and conditions set forth herein, the Company shall employ the Executive to act for the Company during the Employment
Period in the capacity set forth on Schedule A hereto, and the Executive hereby accepts such employment. The duties and
responsibilities of the Executive shall include such duties and responsibilities appropriate to such office as the Company’s
Board of Directors (the “Board”) may from time to time reasonably assign to the Executive, as initially specified
on Schedule A attached hereto, with such authority and responsibilities, including Company-wide executive, administrative
and finance functions as are normally associated with and appropriate for such position.

 

(b)      Executive
recognizes that during the period of Executive’s employment hereunder, Executive owes an undivided duty of loyalty to the
Company, and Executive will use Executive’s good faith efforts to promote and develop the business of the Company and its
subsidiaries (the Company’s subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”).
Executive shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services
as an executive of the Company except as set forth in Schedule A. Recognizing and acknowledging that it is essential for
the protection and enhancement of the name and business of the Company and the goodwill pertaining thereto, Executive shall perform
the Executive’s duties under this Agreement professionally, in accordance with the applicable laws, rules and regulations
and such standards, policies and procedures established by the Company and the industry from time to time.

 

    	 

    	 

    

 

(c)      However,
the parties agree that: (i) Executive may devote a reasonable amount of his time to civic, community, or charitable activities
and may serve as a director of other corporations (provided that any such other corporation is not a competitor of the Company,
as determined by the Board) and to other types of business or public activities not expressly mentioned in this paragraph and (ii)
Executive may participate as a non-employee director and/or investor in other companies and projects as described by Executive
to the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful
performance of his duties to the Company.

 

(d)      Place
of Employment. The Executive’s services shall be performed at the Company’s offices located in Denver, Colorado,
any other locus where the Company now or hereafter has a business facility and at any other location where Executive’s presence
is necessary to perform his duties. The parties acknowledge, however, that the Executive may be required to travel in connection
with the performance of his duties hereunder.

 

3.           Base Salary.      The
Executive shall be entitled to receive a salary from the Company during the Employment Period at a rate per year indicated on Schedule
A hereto (the “Base Salary”). Once the Board has established the Base Salary, such Base Salary may be increased
on each anniversary of the Effective Date, at the Board’s sole discretion. The parties expressly agree that what the Executive
receives now or in the future, in addition to the regular Base Salary, whether this be in the form of benefits or regular or occasional
aid/assistance, such as recreation, club memberships, meals, education for his family, vehicle, lodging or clothing, occasional
bonuses or anything else he receives, during the Employment Period and any renewals thereof, in cash or in kind, shall not be deemed
as salary. However, because the Company is a public company subject to the reporting requirements of, inter alia, the US Securities
and Exchange Commission (the “SEC”), both parties acknowledge that the Executive’s annual compensation (as determined
by the rules of the SEC or any other regulatory body or exchange having jurisdiction), which may include some or all of the foregoing,
may be required to be publicly disclosed.

 

4.           Bonus.    
 (a) The Company may pay the Executive an annual bonus (the “Annual Bonus”), at such time and in such amount
as may be determined by the Board in its sole discretion. The Board may or may not determine that all or any portion of the Annual
Bonus shall be earned upon the achievement of operational, financial or other milestones (“Milestones”) established
by the Board in consultation with the Executive and that all or any portion of any Annual Bonus shall be paid in cash, securities
or other property.

 

(b) The Executive shall be eligible
to participate in any other bonus or incentive program established by the Company for executives of the Company.

 

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		5.	Other Benefits

 

(a)          Stock
Option Grant.    The Executive shall be entitled to receive those stock options under the Company’s
2012 Equity Incentive Plan as specified in Schedule A hereto. Any additional option grants to the Executive shall be at
the option of the Board.

 

(b)          Insurance
and Other Benefits.     During the Employment Period, the Executive and the Executive’s dependents
shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted
and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on
a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by
all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict
with the terms of this Agreement, the terms of this Agreement shall control.

 

(c)          Vacation.
    During the Employment Period, the Executive shall be entitled to an annual vacation of at least that number
of working days set forth on Schedule A hereto.

 

(d)          Expense
Reimbursement.    The Company shall reimburse the Executive for all reasonable business, promotional, travel
and entertainment expenses incurred or paid by the Executive during the Employment Period in the performance of Executive’s
services under this Agreement, provided that the Executive furnishes to the Company appropriate documentation required by the
Internal Revenue Code in a timely fashion in connection with such expenses and shall furnish such other documentation and accounting
as the Company may from time to time reasonably request.

 

6.             Termination;
Compensation Due.    The Executive’s employment hereunder may terminate, and the Executive’s
right to compensation for periods after the date the Executive’s employment with the Company terminates shall be determined,
in accordance with the provisions of paragraphs (a) through (e) below:

 

(a)          Voluntary
Resignation; Termination without Cause.

 

(i)  
Voluntary Resignation.    The Executive may terminate his employment at any time upon thirty (30) days
prior written notice to the Company. In the event of the Executive’s voluntary termination of his employment other than for
Good Reason (as defined below), the Company shall have no obligation to make payments to the Executive in accordance with the provisions
of Sections 3 or 4 above, except as otherwise required by this Agreement or by applicable law, or to provide the benefits described
in Section 5 above, for periods after the date on which the Executive’s employment with the Company terminates due to the
Executive’s voluntary termination, except for the payment of the Base Salary accrued through the date of such resignation.

 

(ii)  
Termination without Cause.    The Company may terminate the Executive’s
employment with the Company at any time with or without cause, by delivery to the Executive of a written notice of termination
from the Chief Executive Officer of the Company.

 

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(A)    If
the Executive’s employment is terminated by the Company without Cause (as defined below): (1) the Company shall (x) continue
to pay the Executive the Base Salary (at the rate in effect on the date the Executive’s employment is terminated) until the
end of the Severance Period (as defined in Section 6(e) below), (y) with respect to the Annual Bonus, to the extent the Milestones
are achieved, pay the Executive a pro rata portion of the Annual Bonus for the year of the Employment Period on the date such Annual
Bonus would have been payable to the Executive had the Executive remained employed by the Company, and (z) pay any other accrued
compensation and Benefits; and (2) any of the Executive’s unvested stock options as outlined on Schedule A attached
hereto shall automatically vest upon the Executive’s termination without Cause. The Executive shall not have any further
rights under this Agreement or otherwise to receive any other compensation or benefits after such termination of employment.

 

(B)    If,
following a termination of employment without Cause, the Executive breaches the provisions of Sections 7, 8 or 9 hereof, the
Executive shall not be eligible, as of the date of such breach, for the payments and benefits described in Section 6 (a)(ii)(A)
above, and any and all obligations and agreements of the Company with respect to such payments shall thereupon cease.

 

(b)          Discharge
for Cause. Upon written notice to the Executive, the Company may terminate the Executive’s employment for “Cause”
if any of the following events shall occur:

 

(i)    any
act or omission that constitutes a material breach by the Executive of any of his obligations under this Agreement;

 

(ii)    the
willful and continued failure or refusal of the Executive to satisfactorily perform the duties reasonably required of him as an
employee of the Company;

 

(iii)    the
Executive’s conviction of, or plea of nolo contendere to, (i) any felony or (ii) a crime involving dishonesty
or moral turpitude or which could reflect negatively upon the Company or otherwise impair or impede its operations;

 

(iv)    the
Executive’s engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement),
violence, threat of violence or any activity that could result in any violation of federal securities laws, in each case, that
is injurious to the Company or any of its Affiliates;

 

(v)    the
Executive’s material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable
to the Company;

 

(vi)    the
Executive’s refusal to follow the directions of the Board;

 

(vii)    any
other willful misconduct by the Executive which is materially injurious to the financial condition or business reputation of the
Company or any of its Affiliates, or

 

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(viii)    the
Executive’s breach of his obligations under Section 7, 8 or 9 of this Agreement.

 

In the event the Executive
is terminated for Cause, the Company shall have no obligation to make payments to the Executive in accordance with the provisions
of Sections 3 or 4 above, or, except as otherwise required by law, to provide the benefits described in Section 5 above, for periods
after the Executive’s employment with the Company is terminated on account of the Executive’s discharge for Cause except
for the then applicable Base Salary accrued through the date of such termination.

 

(c)          Disability.
The Company shall have the right, but shall not be obligated to terminate the Executive’s employment hereunder in the
event the Executive becomes disabled such that he is unable to discharge his duties to the Company for a period of
ninety (90) consecutive days or one hundred twenty (120) days in any one hundred eighty (180) consecutive day period, provided
longer periods are not required under applicable local labor regulations (a “Permanent Disability”). In the
event of a termination of employment due to a Permanent Disability, the Company shall be obligated to continue to make payments
to the Executive in an amount equal to the then applicable Base Salary for the Severance Period
(as defined below) after the Executive’s employment with the Company is terminated due to a Permanent Disability. A determination
of a Permanent Disability shall be made by a physician satisfactory to both the Executive and the Company; provided, however,
that if the Executive and the Company do not agree on a physician, the Executive and the Company shall each select a physician
and those two physicians together shall select a third physician, whose determination as to a Permanent Disability shall be binding
on all parties.

 

(d)          Death.
The Executive’s employment hereunder shall terminate upon the death of the Executive. The Company shall have no obligation
to make payments to the Executive in accordance with the provisions of Sections 3 or 4 above, or, except as otherwise required
by law or the terms of any applicable benefit plan, to provide the benefits described in Section 5 above, for periods after the
date of the Executive’s death except for then applicable Base Salary earned and accrued through the date of death, payable
to the Executive or his successor.

 

(e)          Termination
for Good Reason. The Executive may terminate this Agreement at any time for Good Reason.
In the event of termination under this Section 6(e), the Company shall pay to the Executive severance
in an amount equal to the then applicable Base Salary for a period equal to the number of months set forth on Schedule A
hereto (the “Severance Period”), subject to the Executive’s continued
compliance with Sections 7, 8 and 9 of this Agreement for the applicable Severance Period following the Executive’s termination,
and subject to the Company’s regular payroll practices and required withholdings. Such severance shall be reduced by any
cash remuneration paid to the Executive because of the Executive’s employment or self-employment during the Severance Period.
The Executive shall continue to receive all Benefits during the Severance Period. The Executive shall
not have any further rights under this Agreement or otherwise to receive any other compensation or benefits after such resignation.
For the purposes of this Agreement, “Good Reason” shall mean any of the following (without Executive’s express
written consent):

    	5

    	 

    

 

(i) the assignment
to the Executive of duties that are significantly different from, and that result in a substantial diminution of, the duties that
he assumed on the Effective Date;

 

(ii) removal
of the Executive from his position as indicated on Schedule A hereto, or the assignment to the Executive of duties
that are significantly different from, and that result in a substantial diminution of, the duties that he assumed under this Agreement,
within twelve (12) months after a Change of Control (as defined below);

 

(iii) a
reduction by the Company in the then applicable Base Salary or other compensation, unless said reduction is pari passu with other
senior executives of the Company;

 

(iv)
the taking of any action by the Company that would, directly or indirectly, materially reduce the Executive’s benefits, unless
said reductions are pari passu with other senior executives of the Company; or 

 

(v) a
breach by the Company of any material term of this Agreement that is not cured by the Company within 30 days following receipt
by the Company of written notice thereof.

 

For purposes of this
Agreement, “Change of Control” shall mean the occurrence of any one or more of the following: (i) the accumulation,
whether directly, indirectly, beneficially or of record, by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of 50% or more of the shares of
the outstanding equity securities of the Company, (ii) a merger or consolidation of the Company in which the Company does
not survive as an independent company or upon the consummation of which the holders of the Company’s outstanding equity securities
prior to such merger or consolidation own less than 50% of the outstanding equity securities of the Company after such merger or
consolidation, or (iii) a sale of all or substantially all of the assets of the Company; provided, however, that the following
acquisitions shall not constitute a Change of Control for the purposes of this Agreement: (A) any acquisitions of common stock
or securities convertible into common stock directly from the Company, or (B) any acquisition of common stock or securities convertible
into common stock by any employee benefit plan (or related trust) sponsored by or maintained by the Company.

 

(f)    Notice
of Termination.    Any termination of employment by the Company or the Executive shall be communicated
by a written ‘‘Notice of Termination’’ to the other party hereto given in accordance with Section 15
of this Agreement. In the event of a termination by the Company for Cause, the Notice of Termination shall (i) indicate the
specific termination provision in this Agreement relied upon, (ii) set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) specify
the date of termination, which date shall be the date of such notice. The failure by the Executive or the Company to set forth
in the Notice of Termination any fact or circumstance which contributes to a showing of Cause shall not waive any right of the
Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact
or circumstance in enforcing the Executive’s or the Company’s rights hereunder.

 

    	6

    	 

    

 

(g)    Resignation
from Directorships and Officerships.    The termination of the Executive’s employment for any reason
will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with
the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect
to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written
notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

 

		7.	Non-Competition; Non-Solicitation.

 

(a)         For
the duration of the Employment Period and, unless the Company terminates the Executive’s employment without Cause, during
the Severance Period (the “Non-compete Period”), the Executive shall not, directly or indirectly, except as
specifically provided in the last sentence of Section 2(c) hereof, engage or invest in, own, manage, operate, finance, control
or participate in the ownership, management, operation, financing, or control of, be employed by, associated with, or in any manner
connected with, lend any credit to, or render services or advice to, any business, firm, corporation, partnership, association,
joint venture or other entity that engages or conducts any business the same as or substantially similar to the business of the
Company or any other business engaged in or proposed to be engaged in or conducted by the Company and/or any of its Affiliates
during the Employment Period, or then included in the future strategic plan of the Company and/or any of its Affiliates, anywhere
within the states in which the Company or any of its Affiliates at that time is operating; provided, however, that
the Executive may own less than 5% in the aggregate of the
outstanding shares of any class of securities of any enterprise (but without otherwise participating in the activities of such
enterprise) including those engaged in the mining business, other than any such enterprise with which the Company competes or is
currently engaged in a joint venture, if such securities are listed on any national or regional securities exchange or have been
registered under Section 12(b) or (g) of the Exchange Act. Notwithstanding the foregoing, if the Executive shall present to the
Board any opportunity within the scope of the prohibited activities described above, and the Company shall not elect to pursue
such opportunity within a reasonable time, then the Executive shall be permitted to pursue such opportunity, subject to the requirements
of Section 2(c) hereof.

 

(b)         During
the Employment Period and for a period of twelve (12) months following termination of the Executive’s employment with the
Company, the Executive shall not:

 

(i) persuade,
solicit or hire, or attempt to recruit, persuade, solicit or hire, any employee, or independent contractor of, or consultant to,
the Company, or its Affiliates, to leave the employment (or independent contractor relationship) thereof, whether or not any such
employee or independent contractor is party to an employment agreement; or

 

    	7

    	 

    

 

(ii) attempt
in any manner to solicit or accept from any customer or client of the Company or any of its Affiliates, with whom the Company or
any of its Affiliates had significant contact during the term of this Agreement, business of the kind or competitive with the business
done by the Company or any of its Affiliates with such customer or to persuade or attempt to persuade any such customer to cease
to do business or to reduce the amount of business which such customer has customarily done or is reasonably expected to do with
the Company or any of its Affiliates or if any such customer elects to move its business to a person other than the Company or
any of its Affiliates, provide any services (of the kind or competitive with the Business of the Company or any of its Affiliates)
for such customer, or have any discussions regarding any such service with such customer, on behalf of such other person.

 

The Executive recognizes
and agrees that because a violation by the Executive of his obligations under this Section 7 will cause irreparable harm to the
Company that would be difficult to quantify and for which money damages would be inadequate, the Company shall have the right to
injunctive relief to prevent or restrain any such violation, without the necessity of posting a bond. The Non-compete Period will
be extended by the duration of any violation by the Executive of any of his obligations under this Section 7.

 

The Executive expressly
agrees that the character, duration and scope of the covenant not to compete are reasonable in light of the circumstances as they
exist at the date upon which this Agreement has been executed. However, should a determination nonetheless be made by a court of
competent jurisdiction at a later date that the character, duration or geographical scope of the covenant not to compete is unreasonable
in light of the circumstances as they then exist, then it is the intention of the Executive, on the one hand, and the Company,
on the other, that the covenant not to compete shall be construed by the court in such a manner as to impose only those restrictions
on the conduct of the Executive which are reasonable in light of the circumstances as they then exist and necessary to assure the
Company of the intended benefit of the covenant not to compete.

 

8.         Inventions
and Patents.    The Executive acknowledges that all inventions, innovations, improvements, know-how, plans,
development, methods, designs, analyses, specifications, software, drawings, reports and all similar or related information (whether
or not patentable or reduced to practice) which related to any of the Company’s actual or proposed business activities and
which are created, designed or conceived, developed or made by the Executive during the Executive’s past or future employment
by the Company or any Affiliates, or any predecessor thereof (“Work Product”), belong to the Company, or its Affiliates,
as applicable. Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire”
and ownership of all right title and interest shall rest in the Company. The Executive hereby irrevocably assigns, transfers and
conveys, to the full extent permitted by law, all right, title and interest in the Work Product, on a worldwide basis, to the Company
to the extent ownership of any such rights does not automatically vest in the Company under applicable law. The Executive will
promptly disclose any such Work Product to the Company and perform all actions requested by the Company (whether during or after
employment) to establish and confirm ownership of such Work Product by the Company (including, without limitation, assignments,
consents, powers of attorney and other instruments).

 

    	8

    	 

    

 

		9.	Confidentiality Covenants.

 

(a)         The
Executive understands that the Company and/or its Affiliates, from time to time, may impart to the Executive confidential information,
whether such information is written, oral or graphic.

 

For purposes of
this Agreement, “Confidential Information” means information, which is used in the business of the Company or its Affiliates
and (i) is proprietary to, about or created by the Company or its Affiliates, (ii) gives the Company or its Affiliates
some competitive business advantage or the opportunity of obtaining such advantage or the disclosure of which could be detrimental
to the interests of the Company or its Affiliates, (iii) is designated as Confidential Information by the Company or its Affiliates,
is known by the Executive to be considered confidential by the Company or its Affiliates, or from all the relevant circumstances
should reasonably be assumed by the Executive to be confidential and proprietary to the Company or its Affiliates, or (iv) is
not generally known by non-Company personnel. Such Confidential Information includes, without limitation, the following types of
information and other information of a similar nature (whether or not reduced to writing or designated as confidential):

 

(i) Internal
personnel and financial information of the Company or its Affiliates, vendor information (including vendor characteristics, services,
prices, lists and agreements), purchasing and internal cost information, internal service and operational manuals, and the manner
and methods of conducting the business of the Company or its Affiliates;

     

(ii) Marketing
and development plans, price and cost data, price and fee amounts, pricing and billing policies, bidding, quoting procedures, marketing
techniques, forecasts and forecast assumptions and volumes, and future plans and potential strategies (including, without limitation,
all information relating to any acquisition prospect and the identity of any key contact within the organization of any acquisition
prospect) of the Company or its Affiliates which have been or are being discussed;

     

(iii) Names
of customers and their representatives, contracts (including their contents and parties), customer services, and the type, quantity,
specifications and content of products and services purchased, leased, licensed or received by customers of the Company or its
Affiliates; and

     

 

(iv) Confidential
and proprietary information provided to the Company or its Affiliates by any actual or potential customer, government agency or
other third party (including businesses, consultants and other entities and individuals).

 

The Executive hereby
acknowledges the Company’s exclusive ownership of such Confidential Information.

 

    	9

    	 

    

 

(b)    The
Executive agrees as follows: (1) only to use the Confidential Information to provide services to the Company and its Affiliates;
(2) only to communicate the Confidential Information to fellow employees, agents and representatives on a need-to-know basis; and
(3) not to otherwise disclose or use any Confidential Information, except as may be required by law or otherwise authorized by
the Board. Upon demand by the Company or upon termination of the Executive’s employment, the Executive will deliver to the
Company all manuals, photographs, recordings and any other instrument or device by which, through which or on which Confidential
Information has been recorded and/or preserved, which are in the Executive’s possession, custody or control.

 

10.         Representation.    The
Executive hereby represents that the Executive’s entry into this Agreement and performance of the services hereunder will
not violate the terms or conditions of any other agreement to which the Executive is a party.

 

11.         Arbitration.    In
the event of any breach arising from the performance of this Agreement, either party may request arbitration. In such event, the
parties will submit to arbitration by a qualified arbitrator with the definition and laws of the State of Colorado. Such arbitration
shall be final and binding on both parties.

 

12.         Governing
Law/Jurisdiction.    This Agreement and any disputes or controversies arising hereunder shall be construed
and enforced in accordance with and governed by the internal laws of the State of Colorado without regard to the conflicts of laws
principles thereof.

 

13.         Public Company
Obligations.    Executive acknowledges that the Company is a public company whose common stock has been
registered under the US Securities Act of 1933, as amended (the “Securities Act”), and registered under the Exchange
Act, and that this Agreement may be subject to the public filing requirements of the Exchange Act. Executive
acknowledges and agrees that the applicable insider trading rules, transaction reporting rules, limitations on disclosure of non-public
information and other requirements set forth in the Securities Act, the Exchange Act and rules and regulations promulgated by the
SEC may apply to this Agreement and Executive’s employment with the Company. Executive
(on behalf of himself, as well as the Executive’s executors, heirs, administrators and assigns), absolutely and unconditionally
agrees to indemnify and hold harmless the Company and all of its past, present and future affiliates, executors, heirs, administrators,
shareholders, employees, officers, directors, attorneys, accountants, agents, representatives, predecessors, successors and assigns
from any and all claims, debts, demands, accounts, judgments, causes of action, equitable relief, damages, costs, charges, complaints,
obligations, controversies, actions, suits, proceedings, expenses, responsibilities and liabilities of every kind and character
whatsoever (including, but not limited to, reasonable attorneys’ fees and costs) in the event of Executive’s
breach of any obligation of Executive under the Securities Act, the Exchange Act, any rules promulgated
by the SEC and any other applicable federal, state or foreign laws, rules, regulations or orders.

 

14.         Entire Agreement.    This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and thereof and
supersedes and cancels (i) any and all previous agreements, written and oral, regarding the subject matter hereof between the parties
hereto. This Agreement shall not be changed, altered, modified or amended, except by a written agreement signed by both parties
hereto.

 

    	10

    	 

    

 

15.         Notices.    All
notices, requests, demands and other communications called for or contemplated hereunder shall be in writing and shall be deemed
to have been given when delivered to the party to whom addressed or when sent by telecopy (if promptly confirmed by registered
or certified mail, return receipt requested, prepaid and addressed) to the parties, their successors in interest, or their assignees
at the following addresses, or at such other addresses as the parties may designate by written notice in the manner aforesaid:

 

(a)         to the Company
at:

 

Eastern Resources,
Inc.

1610
Wynkoop Street, Suite 400

Denver,
CO 80202

Phone:
(303) 893-2334

Fax:
(303) 957-5536 

Attn: Eric
Altman

 

with a copy
to:

Gottbetter
& Partners, LLP

488 Madison
Avenue

New York,
NY 10022-5718

Attn: Adam
S. Gottbetter

Fax: (212)
400-6901

 

(b)          to the Executive
at:

 

Address listed
on Schedule A attached hereto.

 

All such notices, requests
and other communications will (i) if delivered personally to the address as provided in this Section, be deemed given upon delivery,
(ii) if delivered by facsimile transmission to the facsimile number as provided for in this Section, be deemed given upon facsimile
confirmation, (iii) if delivered by mail in the manner described above to the address as provided for in this Section, be deemed
given on the earlier of the third business day following mailing or upon receipt and (iv) if delivered by overnight courier to
the address as provided in this Section, be deemed given on the earlier of the first business day following the date sent by such
overnight courier or upon receipt (in each case regardless of whether such notice, request or other communication is received by
any other person to whom a copy of such notice is to be delivered pursuant to this Section). Either party may, by notice given
to the other party in accordance with this Section, designate another address or person for receipt of notices hereunder.

 

16.         Severability.    If
any term or provision of this Agreement, or the application thereof to any person or under any circumstance, shall to any extent
be invalid or unenforceable, the remainder of this Agreement, or the application of such terms to the persons or under circumstances
other than those as to which it is invalid or unenforceable, shall be considered severable and shall not be affected thereby, and
each term of this Agreement shall be valid and enforceable to the fullest extent permitted by law. The invalid or unenforceable
provisions shall, to the extent permitted by law, be deemed amended and given such interpretation as to achieve the economic intent
of this Agreement.

 

    	11

    	 

    

 

17.         Waiver.    The
failure of any party to insist in any one instance or more upon strict performance of any of the terms and conditions hereof, or
to exercise any right or privilege herein conferred, shall not be construed as a waiver of such terms, conditions, rights or privileges,
but same shall continue to remain in full force and effect. Any waiver by any party of any violation of, breach of or default under
any provision of this Agreement by the other party shall not be construed as, or constitute, a continuing waiver of such provision,
or waiver of any other violation of, breach of or default under any other provision of this Agreement.

 

18.         Successors
and Assigns.    This Agreement shall be binding upon the Company and any successors and assigns of the
Company. Neither this Agreement nor any right or obligation hereunder may be assigned by the Executive. The Company may assign
this Agreement and its right and obligations hereunder, in whole or in part.

 

19.         Counterparts.    This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same instrument. Additionally, a facsimile counterpart of this Agreement
shall have the same effect as an originally executed counterpart.

 

20.         Headings.    Headings
in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect.

 

21.         Opportunity
to Seek Advice.    The Executive acknowledges and confirms that he has had the opportunity to seek such
legal, financial and other advice and representation as he has deemed appropriate in connection with this Agreement, that the Executive
is fully aware of its legal effect, and that Executive has entered into it freely based on the
Executive’s judgment and not on any representations or promises other than those contained in this Agreement.

 

22.         Withholding
and Payroll Practices.    All salary, severance payments, bonuses or benefits payments made by the Company
under this Agreement shall be net of any tax or other amounts required to be withheld by the Company under applicable law and shall
be paid in the ordinary course pursuant to the Company’s then existing payroll practices.

 

[The next page is the signature page]

 

    	12

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Employment Services Agreement as of the date first written above.

 

	EXECUTIVE:	 
	 	 
	/s/ Patrick Imeson	 
	Patrick Imeson	 
	 	 
	EASTERN RESOURCES, INC.	 
	 	 
	By:	/s/ Robert Trenaman	 
	 	Name: Robert Trenaman	 
	 	Title: Chief Operating Officer	 

 

    	13

    	 

    

 

Schedule A

 

		1.	Employment Period: 36 calendar months.

 

		2.	Employment

 

Title: Chairman of Board and Chief Executive Officer

 

Executive Duties:

 

Chairman

 

		o	The Chairman is responsible for leadership of the Board. In particular, he will:

 

		§	Ensure effective operation of the Board and its committees in conformity with the highest standards of corporate governance.

 

		§	Ensure effective communication with shareholders, host governments and other relevant constituencies and that the views of
these groups are understood by the Board.

 

		§	Set the agenda, style and tone of Board discussions to promote constructive debate and effective decision-making.

 

		§	Chair the Nominations Committee and build an effective and complementary Board, initiating change and planning succession on
Board and Group Executive appointments.

 

		§	Ensure that all Board committees are properly established, composed and operated.

 

		§	Ensure comprehensive induction programmes for new directors and updates for all directors as and when necessary.

 

		§	Support the Chief Executive in the development of strategy and, more broadly, to support and advise the Chief Executive.

 

		§	Maintain access to senior management as is necessary and useful, but not intrude on the Chief Executive’s responsibilities.

 

		§	Promote effective relationships and communications between non-executive directors and members of the Group Executive Committee.

 

		§	Ensure that the performance of the Board, its main committees and individual directors is formally evaluated on an annual basis.

 

    	14

    	 

    

  

		§	Establish a harmonious and open relationship with the Chief Executive.

 

Chief Executive
Officer

 

		§	The Chief Executive is responsible for leadership of the business and managing it within the authorities delegated by the Board.
In particular, he will:

 

		§	Develop strategy proposals for recommendation to the Board and ensure that agreed strategies are reflected in the business.

 

		§	Develop annual plans, consistent with agreed strategies, for presentation to the Board for support.

 

		§	Plan human resourcing to ensure that the Company has the capabilities and resources required to achieve its plans.

 

		§	Develop an organisational structure and establish processes and systems to ensure the efficient organisation of resources.

 

		§	Be responsible to the Board for the performance of the business consistent with agreed plans, strategies and policies.

 

		§	Lead the executive team, including the development of performance contracts and appraisals.

 

		§	Ensure that financial results, business strategies and, where appropriate, targets and milestones are communicated to the investment
community.

 

		§	Develop and promote effective communication with shareholders and other relevant constituencies.

 

		§	Ensure that business performance is consistent with the Business Principles.

 

		§	Ensure that robust management succession and management development plans are in place and presented to the Board from time
to time.

 

		§	Develop processes and structures to ensure that capital investment proposals are reviewed thoroughly, that associated risks
are identified and appropriate steps taken to manage the risks.

 

		§	Develop and maintain an effective framework of internal controls over risk in relation to all business activities including
the Group’s trading activities.

 

    	15

    	 

    

  

		§	Ensure that the flow of information to the Board is accurate, timely and clear.

 

		§	Establish a close relationship of trust with the Chairman, reporting key developments to him in a timely manner and seeking
advice and support as appropriate.

 

The Company recognizes that Imeson also holds the position
of Managing Director for Black Diamond Financial Groups and several of its managed funds a and will be splitting his time and attention
to approximately one quarter for ESRI and the remaining for Black Diamond Financial Group. This arrangement is contingent that
this activity does not conflict with the interests of the Company or impairs his employment performance.

 

		3.	Base Salary: $60,000 per year.

 

		5(a).	Initial Stock Option Grant: 1,000,000

 

These options are intended to be issued as incentive
stock options under IRC requirements.

 

		a.	Should the Company terminate the Executive without Cause pursuant to Section 6(a)(ii) of the Agreement, any unvested stock
options shall automatically vest upon the Executive’s termination without Cause.

 

		5(c).	Vacation: To accrue at 1.67 days per month for a total of 20 days per annum

 

		6(e).	Severance Period: Twelve (12) Months

 

	15(b).    Executive Contact Information:	Patrick Imeson	 
	 	One Lincoln Plark,	 
	 	2001 Lincoln Street,	 
	 	Denver, CO 80202	 

 

    	16

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