Document:

REGISTRATION RIGHTS AGREEMENT

DOCUMENT RR-08012012

 

This Registration Rights
Agreement (the “Agreement”), dated August 1, 2012, between 3DIcon Corp., an Oklahoma corporation (the “Company”)
and JMJ Financial (the “Holder”) applies to the $275,000 Promissory Note dated June 6, 2012 between the Company and
the Holder (“Note #1”) and the $140,000 Promissory Note #2 Dated August 1, 2012 between the Company and the Holder
(“Note #2,” and collectively with Note #1, the “Notes”). All capitalized terms not otherwise defined herein
shall have the meanings given such terms in the Notes.

 

The Company agrees
to provide the Holder the following registration rights with respect to the Notes.

 

1.Inducement
to Enter Into Transactions. To induce the Holder to enter into Note #2, the Company has agreed to provide registration rights
for the common shares underlying each of the Notes. The Company agrees and acknowledges that registration rights are a material
inducement and consideration for the Holder to enter into Note #2 and that the Holder would not have entered into Note #2 if registration
of the shares underlying the Notes was not provided.

 

2.Mandatory
Registration. No later than August 31, 2012, the Company agrees to file, at its own expense, an amendment to the S-1 Registration
Statement the Company filed with the SEC on July 3, 2012, to include in such Registration Statement 4,750,000 shares of common
stock issuable under the Notes, as set forth below. The Company will thereafter use its best efforts to cause such Registration
Statement to become effective as soon as possible after such filing but in no event later than one hundred and twenty (120) days
from the date of this Agreement. Failure to file the Amended Registration Statement by August 31, 2012 will result in a penalty/liquidated
damages of $10,000. In addition, failure to have the Registration Statement declared effective within 120 days of the date of this
Agreement will result in a penalty/liquidated damages of $25,000. Any such penalties/liquidated damages will be added to the balance
of either Note at the Holder’s discretion (under the Holder’s and the Company’s expectation that those penalties/liquidated
damages will tack back to the date of such Note for purposes of Rule 144).

 

Note #1 - $75,000 plus fees and
interest

 

Note #2 - $140,000 plus fees
and interest

 

Total Notes – $215,000
plus fees and interest

 

In total, 4,750,000
shares will be registered for share conversions under the Notes and may be used interchangeably or one in place of the other.

 

3.Correspondence
and Information. Within two days of distribution or receipt of any information or correspondence between the Company and the
SEC, the Company shall furnish to the Holder copies of all correspondence related to the registration statement.

 

4.Assignment
of Registration Rights. The rights under this Registration Rights Agreement shall be automatically assignable by the Holder
to any transferee of all or any portion of either Note or their underlying shares.

 

5.No Filing
of Other Registration Statements and No Piggy-back Registrations. Unless otherwise approved by Holder in Writing, the Company
shall not file any other registration statements (except for a registration statement on Form S-8) until the registration statement
described herein is declared effective by the SEC; and the Company will not include in this registration statement any securities
other than those described herein.

 

6.Reservation
of Shares. Section 4 of Note #1 provides that the Company will at all times reserve at least 2,500,000 shares of Common Stock
for conversion and Section 4 of Note #2 provides that the Borrower will at all times reserve at least 6,000,000 shares of Common
Stock for conversion. The Company shall reserve, in the aggregate, 8,500,000 shares of Common Stock for conversion under either
Note and the reserved shares may be used interchangeably or one in place of the other.

 

    	 

    	 

    

 

7.Governing
Law. This Registration Rights Agreement will be governed by, and construed and enforced in accordance with, the laws of the
State of Florida, without regard to the conflict of laws principles thereof. Any action brought by either party against the other
concerning the transactions contemplated by this Registration Rights Agreement shall be brought only in the state courts of Florida
or in the federal courts located in Miami-Dade County, in the State of Florida. Both parties and the individuals signing this Registration
Rights Agreement agree to submit to the jurisdiction of such courts.

 

 

Agreed, this 1st day of August, 2012.

 

 

	 	COMPANY:
	 	 
	 	3DIcon Corporation
	 	 
	 	 
	 	By: 	/s/ Mark Willner
	 	 	Mark Willner
Chief Executive
Officer
	 	 	 
	 	 	 
	 	HOLDER:
	 	 	 
	 	 	 
	 	/s/ Signature
	 	JMJ Financial / Its Principal

 

 

[Registration Rights Agreement Signature
Page]ex10-2.htm

Exhibit 10.2

 

Lawler & Associates

a professional law corporation

11622 El Camino Real, Suite 100

San Diego, California 92130

Telephone: 888-675-0888

Facsimile: 866-506-8877

Via Facsimile

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley has paid, on or about June 1, 2009, one half of the Advanced Royalty Payment due On May 15, 2009, pursuant to the Lease and therefore has extended the Lease through the November 15, 2009.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 951-676-4988. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

  

  

  

Lawler & Associates

a professional law corporation

11622 El Camino Real, Suite 100

San Diego, California 92130

Telephone: 888-675-0888

Facsimile: 866-506-8877

Via Facsimile

May 12, 2010

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley and Altair Minerals, Inc. has agreed that that certain Exploration and Mining Lease dated May 15, 2008, has been extended to November 15, 2010 by virtue of payment by Braeden to Altair Minerals, on or about May 13, 2010, in the amount of $2,500. Moreover, it is hereby agreed to by and between the parties that such payment is less than the amount set forth in Section 1.2 of the Lease and that the parties have therefore amended the Lease to reduce such required payment to $2,500 for the aforementioned extension to November 15, 2010. It is also hereby acknowledged by the parties that Braeden Valley has paid to Altair Minerals the amount of $606 maintenance fees due on the property as required in Section 4.1 of the Lease.

This letter shall further confirm that the Lease has been in good standing at all times since the Effective Date stated therein of May 15, 2008.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 951-676-4988. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

  

  

  

Lawler & Associates

a professional law corporation

11622 El Camino Real, Suite 100

San Diego, California 92130

Telephone: 888-675-0888

Facsimile: 866-506-8877

Via Facsimile

November 19, 2010

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley and Altair Minerals, Inc. have agreed that the Lease has been extended to May 15, 2011 by virtue of payment by Braeden to Altair Minerals, on or about November 19, 2010, in the amount of $2,500. Moreover, it is hereby agreed to by and between the parties that such payment is less than the amount set forth in Section 1.2 of the Lease and that the parties have therefore amended the Lease to reduce such required payment to $2,500 for the aforementioned extension to May 15, 2011.

This letter shall further confirm that the Lease has been in good standing at all times since the Effective Date stated therein of May 15, 2008.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 866-506-8877. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

  

  

  

W. Scott Lawler

Attorney at Law

3550 N. Central Ave., Suite 1025

Phoenix, AZ 85012

Telephone: 602-466-3666

     W. Scott Lawler, Esq.

 Admitted in Arizona and California

Via Currier

May 12, 2011

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley and Altair Minerals, Inc. have agreed that the Lease has been extended to November 15, 2011 by virtue of payment by Braeden to Altair Minerals, on or May 13, 2011, in the amount of $2,500. Moreover, it is hereby agreed to by and between the parties that such payment is less than the amount set forth in Section 1.2 of the Lease and that the parties have therefore amended the Lease to reduce such required payment to $2,500 for the aforementioned extension to November 15, 2011.

This letter shall further confirm that the Lease has been in good standing at all times since the Effective Date stated therein of May 15, 2008.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 866-506-8877. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

  

  

  

W. Scott Lawler

Attorney at Law

3550 N. Central Ave., Suite 1025

Phoenix, AZ 85012

Telephone: 602-466-3666

     W. Scott Lawler, Esq.

 Admitted in Arizona and California

Via Currier

October 21, 2011

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley and Altair Minerals, Inc. have agreed that the Lease has been extended to May 15, 2012, by virtue of payment by Braeden to Altair Minerals, on or October 28, 2011, in the amount of $2,500. Moreover, it is hereby agreed to by and between the parties that such payment is less than the amount set forth in Section 1.2 of the Lease and that the parties have therefore amended the Lease to reduce such required payment to $2,500 for the aforementioned extension to May 15, 2012.

This letter shall further confirm that the Lease has been in good standing at all times since the Effective Date stated therein of May 15, 2008.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 602-366-1617. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

  

  

  

W. Scott Lawler

Attorney at Law

4960 S. Gilbert Rd., Suite 1-111

Chandler, AZ 85249

Telephone: 602-466-3666

     W. Scott Lawler, Esq.

 Admitted in Arizona and California

Via Currier

May 4, 2012

ALTAIR MINERALS, INC.

1611 Bradley Drive

Eugene, Oregon 97401

	
  

	
Re:

	
Exploration and Mining Lease dated May 15, 2008 (the “Lease”)

Dear Sirs:

I am legal counsel for Braeden Valley Mines, Inc., a Nevada corporation (“Braeden Valley”), and have been asked to prepare this letter as confirmation that Braeden Valley and Altair Minerals, Inc. have agreed that the Lease has been extended to November 15, 2012, by virtue of payment by Braeden to Altair Minerals, on or May 4, 2012, in the amount of $2,500. Moreover, it is hereby agreed to by and between the parties that such payment is less than the amount set forth in Section 1.2 of the Lease and that the parties have therefore amended the Lease to reduce such required payment to $2,500 for the aforementioned extension to November 15, 2011.

This letter shall further confirm that the Lease has been in good standing at all times since the Effective Date stated therein of May 15, 2008.

Please acknowledge Altair Mineral’s confirmation of the foregoing by the execution of this letter in the space provided below by an authorized officer of Altair Minerals. Please send a copy such executed letter to the undersigned via facsimile transmission to 602-366-1617. Please also return the originally signed letter to our offices at the address provided above.

Sincerely,

/s/ W. Scott Lawler         

W. Scott Lawler, Esq.

ACKNOWLEDGED AND CONFIRMED:

ALTAIR MINERALS, INC.

            By: /s/ Erica E. Moreno         

Name: Erica E. Moreno

Title: President

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