Document:

Filed by Avantafile.com - Homeland Resources Ltd. - Exhibit 10.15

HOMELAND RESOURCES LTD.

 2014 STOCK OPTION PLAN

Established
October 8, 2014

ARTICLE 1.
THE PLAN

1.1       Title

This plan
is entitled the "2014 Stock Option Plan" (the "Plan") of Homeland
Resources Ltd., a Nevada corporation (the "Company").

1.2       Purpose

The
purpose of the Plan is to enhance the long-term stockholder value of the
Company by offering opportunities to directors, officers, employees and
eligible consultants of the Company and any Related Company, as defined below,
to acquire and maintain stock ownership in the Company in order to give these
persons the opportunity to participate in the Company's growth and success, and
to encourage them to remain in the service of the Company or a Related Company.

ARTICLE 2.

DEFINITIONS

2.1         
Definitions

The
following terms will have the following meanings in the Plan: 

"Award" means any
Option granted under this Plan. 

"Board" means the
Board of Directors of the Company. 

"Cause,"
unless otherwise defined in the instrument evidencing the award or in an
employment or services agreement between the Company or a Related Company and a
Participant, means a material breach of the employment or services agreement, dishonesty,
fraud, misconduct, unauthorized use or disclosure of confidential information
or trade secrets, or conviction or confession of a crime punishable by law
(except minor violations), in each case as determined by the Plan
Administrator, and its determination shall be conclusive and binding. 

"Code" means the
Internal Revenue Code of 1986, as amended from time to time. 

"Common
Stock" means the shares of common stock, par value $0.001 per
share, of the Company. 

“Consultant”
means
any consultant, agent, advisor or independent contractor who provides services
to the Company or a Related Company, but does not include an officer or
director of the Company.

"Consultant
Participant" has the meaning set forth in Article 5.1. 

"Corporate
Transaction," unless otherwise defined in the instrument
evidencing the Award or in a written employment or services agreement between
the Company or a Related Company and a Participant, means consummation of
either: 

	(a)

	a merger or consolidation of the Company with or into any other corporation, entity or person or

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	(b)

	a sale, lease, exchange or other transfer in one transaction or a series of related transactions of all or substantially all the Company's outstanding securities or all or substantially all the Company's assets; provided, however, that a Corporate Transaction shall not include a Related Party Transaction.

"Disability,"
unless otherwise defined by the Plan Administrator, means a mental or physical
impairment of the Participant that is expected to result in death or that has
lasted or is expected to last for a continuous period of twelve (12) months
or more and that causes the Participant to be unable, in the opinion of the
Company, to perform his or her duties for the Company or a Related Company and
to be engaged in any substantial gainful activity. 

"Employment
Termination Date" means, with respect to a Participant, the
first day upon which the Participant no longer has an employment or service
relationship with the Company or any Related Company.  

"Exchange
Act"
means the Securities Exchange Act of 1934, as amended. 

"Fair
Market Value" means the per share value of the Common
Stock determined as follows: 

	(a)

	if the Common Stock is listed on a national exchange registered under Section 6 of the Exchange Act, the lesser of (i) the closing price per share on the date immediately preceding the date of the granting of the options; or (ii) the average closing price per share during the ten (10) trading days immediately preceding such date on the principal exchange on which it is traded;

	(b)

	if the Common Stock is not then listed on a national exchange registered under Section 6 of the Exchange Act, but is quoted or trades on the OTC Bulletin Board service or the OTC Link alternate trading system on the OTCQB market tier or higher, the lesser of (i) the closing price per share on the date immediately preceding the date of the granting of the options; or (ii) the average of the closing bid and ask prices per share for the Common Stock as quoted on the OTC Bulletin Board or the OTC Link, as the case may be, during the ten (10) trading days immediately preceding such date; or

	(c)

	in any other case, the fair market value of the Common Stock as determined by the Plan Administrator acting in good faith.

"Grant
Date"
means the date on which the Plan Administrator completes the corporate action
relating to the grant of an Award or such later date specified by the Plan
Administrator, and on which all conditions precedent to the grant have been
satisfied, provided that conditions to the exercisability or vesting of Awards
shall not defer the Grant Date. 

"Incentive
Stock Option" means an Option granted with the intention,
as reflected in the instrument evidencing the Option, that it qualify as an
"incentive stock option" as that term is defined in Section 422
of the Code. 

"Non-Qualified
Stock Option" means an Option other than an Incentive
Stock Option. 

"Option" means the
right to purchase Common Stock granted under Article 7. 

"Option
Expiration Date" has the meaning set forth in Article 7.6.

"Option
Term"
has the meaning set forth in Article 7.3. 

"Participant" means the
person to whom an Award is granted and who meets the eligibility requirements
imposed by Article 5, including Consultant Participants. 

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"Plan
Administrator" has the meaning set forth in Article 3.1.

"Related
Company" means any entity that, directly or indirectly, controls
or is controlled by, the Company. 

"Related
Party Transaction" means: (a) a merger or consolidation of
the Company in which the holders of shares of Common Stock immediately prior to
the merger hold at least a majority of the shares of Common Stock in the
Successor Corporation immediately after the merger; (b) a sale, lease,
exchange or other transaction in one transaction or a series of related
transactions of all or substantially all the Company's assets to a wholly-owned
subsidiary corporation; (c) a mere reincorporation of the Company; or
(d) a transaction undertaken for the sole purpose of creating a holding
company that will be owned in substantially the same proportion by the persons
who held the Company's securities immediately before such transaction. 

"Securities
Act"
means the Securities Act of 1933, as amended. 

"Successor
Corporation" has the meaning set forth in Article 11.3(a).

"Vesting
Commencement Date" means the Grant Date or such other date
selected by the Plan Administrator as the date from which the Option begins to
vest for purposes of Article 7.4. 

ARTICLE 3.
ADMINISTRATION

3.1       Plan
Administrator 

The Plan
shall be administered by the Board or a committee appointed by, and consisting
of two or more members of, the Board (the "Plan Administrator"). If
and so long as the Common Stock is registered under Section 12(b) or 12(g)
of the Exchange Act, any committee appointed by the Board as Plan Administrator
shall consist solely of two or more “Non-Employee Directors” as that term is
defined in Rule 16b-3 of the Exchange Act.  Committee members shall serve on
such committee for such term, and may be removed, as determined by the Board in
its sole discretion.  At any time when no committee has been appointed to
administer the Plan, then the entire Board shall act as the Plan Administrator.

3.2       Administration
and Interpretation by Plan Administrator 

Except for
the terms and conditions explicitly set forth in the Plan, the Plan
Administrator shall have exclusive authority, in its discretion, to determine
all matters relating to Awards under the Plan, including the selection of
individuals to be granted Awards, the type of Awards, the number of shares of
Common Stock subject to an Award, all terms, conditions, restrictions and
limitations, if any, of an Award and the terms of any instrument that evidences
the Award. The Plan Administrator shall also have exclusive authority to
interpret the Plan and the terms of any instrument evidencing the Award and may
from time to time adopt and change rules and regulations of general application
for the Plan's administration. The Plan Administrator's interpretation of the
Plan and its rules and regulations, and all actions taken and determinations
made by the Plan Administrator pursuant to the Plan, shall be conclusive and
binding on all parties involved or affected. The Plan Administrator may
delegate administrative duties to such of the Company's officers as it so
determines. 

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ARTICLE 4.

STOCK SUBJECT TO THE PLAN

4.1
      Authorized Number of Shares 

Subject to
adjustment from time to time as provided in this Article 4.1 and in
Article 11.1, the maximum aggregate number of shares of Common Stock
available for issuance under the Plan shall be Three Million Two Hundred
Thousand (3,200,000) shares.  At any time after November
1, 2014, and from time to time thereafter, the Board may, by resolution,
increase the maximum aggregate number of shares of Common Stock that may be
optioned and sold under the Plan, provided that the maximum aggregate number of
shares of Common Stock that may be optioned and sold under the Plan shall at no
time be greater than 15% of the total number of shares of Common Stock
outstanding, less any options still outstanding under any previous stock option
plans.

4.2       Reuse
of Shares 

Any shares
of Common Stock that have been made subject to an Award that cease to be
subject to the Award (other than by reason of exercise or settlement of the
Award to the extent it is exercised for or settled in shares of Common Stock)
shall again be available for issuance in connection with future grants of
Awards under the Plan. In the event shares of Common Stock issued under the
Plan are reacquired by the Company pursuant to any forfeiture provision or
right of repurchase, such shares shall again be available for the purposes of
the Plan; provided, however, that the maximum number of shares that may be
issued upon the exercise of Awards shall equal the share number provided for in
Article 4.1, subject to adjustment from time to time as provided in
Articles 11.1 through 11.6.

ARTICLE 5.

ELIGIBILITY

5.1         
Plan
Eligibility

An Award
may be granted to any officer, director or employee of the Company or a Related
Company that the Plan Administrator selects from time to time. An Award may
also be granted to any consultant, agent, advisor or independent contractor who
provides services to the Company or any Related Company (a “Consultant
Participant”), so long as such Consultant Participant: (a) is a natural
person; (b) renders bona fide services that are not in connection with the
offer and sale of the Company's securities in a capital-raising transaction;
and (c) does not directly or indirectly promote or maintain a market for
the Company's securities.  

ARTICLE 6.
AWARDS  - GENERAL

6.1
      Form and Grant of Awards 

The Plan
Administrator shall have the authority, in its sole discretion, to determine
the type or types of Awards to be granted under the Plan. Awards may be granted
singly or in combination. 

6.2
      Settlement of Awards 

The
Company may settle Awards through the delivery of shares of Common Stock, the
granting of replacement Awards or any combination thereof as the Plan
Administrator shall determine. Any Award settlement, including payment
deferrals, may be subject to such conditions, restrictions and contingencies as
the Plan Administrator shall determine. The Plan Administrator may permit or
require the deferral of any Award payment, subject to such rules and procedures
as it may establish, which may include provisions for the payment or crediting
of interest, or dividend equivalents, including converting such credits into
deferred stock equivalents. 

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ARTICLE 7.
AWARDS OF OPTIONS

7.1
      Grant of Options 

The Plan
Administrator shall have the authority, in its sole discretion, to grant
Options to Participants as Incentive Stock Options or as Non-Qualified Stock
Options, which shall be appropriately designated.

7.2       Option
Exercise Price 

The
exercise price for shares purchased under an Option shall be as determined by
the Plan Administrator, provided that:

	(a)

	the exercise price for Incentive Stock Options shall not be less than the minimum exercise price required by Article 8.3, and

	(b)

	the exercise price for Non-Qualified Stock Options shall not be less than 75% of the Fair Market Value of the Common Stock on the Grant Date.

7.3       Term
of Options 

Subject to
earlier termination in accordance with the terms of the Plan and the instrument
evidencing the Option, the maximum term of an Option (the "Option
Term") shall be as established for that Option by the Plan Administrator
or, if not so established, shall be ten (10) years from the Grant Date. 

7.4       Exercise
of Options 

The Plan
Administrator shall establish and set forth in each instrument that evidences
an Option the time at which, or the installments in which, the Option shall
vest and become exercisable, any of which provisions may be waived or modified
by the Plan Administrator at any time. 

The Plan
Administrator, in its sole discretion, may adjust the vesting schedule of an
Option held by a Participant who works less than "full-time" as that
term is defined by the Plan Administrator or who takes a Company-approved leave
of absence. 

To the
extent an Option has vested and become exercisable, the Option may be exercised
in whole or from time to time in part by delivery to the Company of a written
stock option exercise agreement or notice, in a form and in accordance with
procedures established by the Plan Administrator, setting forth the number of
shares with respect to which the Option is being exercised, the restrictions
imposed on the shares purchased under such exercise agreement, if any, and such
representations and agreements as may be required by the Plan Administrator,
accompanied by payment in full as described in Article 7.5. An Option may
be exercised only for whole shares and may not be exercised for less than a
reasonable number of shares at any one time, as determined by the Plan
Administrator. 

7.5
      Payment of Exercise Price 

The
exercise price for shares purchased under an Option shall be paid in full to
the Company by the delivery of consideration equal to the product of the Option
exercise price and the number of shares purchased. Such consideration must be
paid before the Company will issue the shares being purchased and must be
delivered in the form of a check or bank draft or other method of payment or
some combination thereof as may be acceptable to the Plan Administrator for
that purchase. 

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7.6
      Post-Termination Exercises 

The Plan
Administrator shall establish and set forth, in each instrument that evidences
an Option, whether the Option shall continue to be exercisable, and the terms
and conditions of such exercise, if the Participant ceases to be employed by,
or to provide services to, the Company or a Related Company, which provisions
may be waived or modified by the Plan Administrator at any time.  If not so
established in the instrument evidencing the Option, the Option shall be
exercisable according to the following terms and conditions, which may be
waived or modified by the Plan Administrator at any time: 

	(a)

	Except as otherwise set forth in this Article 7.6, any portion of an Option that is not vested and exercisable on the Employment Termination Date shall expire on such date.

	(b)

	Any portion of an Option that is vested and exercisable on the Employment Termination Date shall expire on the earliest to occur of:

	 	(i)

	if the Participant's Employment Termination Date occurs by reason of retirement, resignation or for any other reasons other than for Cause, Disability or death, the day which is thirty (30) days after such Employment Termination Date;

	 	(ii)

	if the Participant's Employment Termination Date occurs by reason of Disability or death, the day which is six (6) months after such Employment Termination Date; and

	 	(iii)

	the last day of the Option Term (subsections (i) through (iii) being, collectively, the "Option Expiration Date").

	 	Notwithstanding the foregoing, if the Participant dies after his or her Employment Termination Date, but while an Option is otherwise exercisable, the portion of the Option that is vested and exercisable on such Employment Termination Date shall expire upon the earlier to occur of: (A) the Option Expiration Date, and (B) the day which is six (6) months after the date of death, unless the Plan Administrator determines otherwise. 

	 	Also notwithstanding the foregoing, in case of termination of the Participant's employment or service relationship for Cause, all Options granted to that Participant shall automatically expire upon first notification to the Participant of such termination, unless the Plan Administrator determines otherwise. If a Participant's employment or service relationship with the Company is suspended pending an investigation of whether the Participant shall be terminated for Cause, all the Participant's rights under any Option shall likewise be suspended during the period of investigation. If any facts that would constitute termination for Cause are discovered after the Participant's relationship with the Company or a Related Company has ended, any Option then held by the Participant may be immediately terminated by the Plan Administrator, in its sole discretion. 

	(c)

	Unless the Plan Administrator determines otherwise, upon a termination of the Participant’s status as an employee, officer, director or Consultant of the Company or any Related Company (the “Original Position”), other than a termination for Cause, death or Disability, the Participant shall  not be deemed to have ceased to be employed by or to have ceased providing services to the Company or any Related Company, provided that the Participant acts as an employee, officer, director or Consultant of the Company or a Related Company eligible to receive an Award under the provisions of Article 5, in another capacity, immediately upon the termination of the Original Position.

	(d)

	The effect of a Company-approved leave of absence on the application of this Article 7 shall be determined by the Plan Administrator, in its sole discretion.

	(e)

	If a Participant's employment or service relationship with the Company or a Related Company terminates by reason of Disability or death, the Option shall become fully vested and exercisable for all the shares subject to the Option. Such Option shall remain exercisable for the time period set forth in this Article 7.6.

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ARTICLE 8.

INCENTIVE
STOCK OPTION LIMITATIONS

Notwithstanding
any other provisions of the Plan, and to the extent required by
Section 422 of the Code, Incentive Stock Options shall be subject to the
following additional terms and conditions: 

8.1       Dollar
Limitation 

To the
extent that the aggregate Fair Market Value (determined as of the Grant Date)
of the Common Stock with respect to which Incentive Stock Options are
exercisable for the first time by the Participant during any calendar year
(under the Plan and all other stock option plans of the Company) exceeds
$100,000, such excess shall be treated as Non-Qualified Stock Options. In the
event the Participant holds two or more such Options that become exercisable by
the Participant for the first time in the same calendar year, such limitation
shall be applied on the basis of the order in which such Options were granted. 

8.2
      Eligible Employees 

Incentive
Stock Options may only be granted to Participants that are individuals employed
by the Company or a parent or subsidiary corporation of the Company and may be
granted only in connection with such individual Participant’s employment with
the Company or a parent or subsidiary corporation of the Company.

8.3       Exercise
Price 

The
exercise price of an Incentive Stock Option shall not be less than 100% of the
Fair Market Value of the Common Stock on the Grant Date, and in the case of an
Incentive Stock Option granted to a Participant who owns more than 10% of the
total combined voting power of all classes of the stock of the Company or of
its parent or subsidiary corporations (a "Ten Percent Stockholder"),
shall not be less than 110% of the Fair Market Value of the Common Stock on the
Grant Date. The determination of whether a Participant is a Ten Percent
Stockholder shall be made in accordance with Section 422 of the Code. 

8.4       Notification
of Sale of Common Stock 

The
Participant shall be required to promptly notify the Company of a sale of
Common Stock acquired by such Participant upon the exercise of Incentive Stock
Options if such sale occurs within either:

	(a)

	two (2) years of the Grant Date of the particular Incentive Stock Options; or

	(b)

	one (1) year of after the date the Incentive Stock Option was exercised.

8.5       Meaning
of “Parent Corporation” and “Subsidiary Corporation” 

For the purposes of this Article 8,
"parent corporation," "subsidiary corporation" and
"disability" shall have the meanings attributed to those terms for
purposes of Section 422 of the Code. 

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ARTICLE 9.
WITHHOLDING

9.1       General

The
Company may require the Participant to pay to the Company the amount of any
taxes that the Company is required by applicable federal, state, local or
foreign law to withhold with respect to the grant, vesting or exercise of any
Award. The Company shall not be required to issue any shares of Common Stock
under the Plan until any such withholding obligations are satisfied. 

9.2       Payment
of Withholding Obligations in Cash or Shares 

The Plan
Administrator may permit or require a Participant to satisfy all or part of his
or her withholding obligations under Article 9.1 by: (a) paying cash to
the Company, (b) having the Company withhold from any cash amounts
otherwise due or to become due from the Company to the Participant,
(c) having the Company withhold a portion of any shares of Common Stock
that would otherwise be issued to the Participant having a value equal to the
withholding obligations (up to the employer's minimum required tax withholding
rate), or (d) surrendering any shares of Common Stock that the Participant
previously acquired having a value equal to the withholding obligations (up to
the employer's minimum required tax withholding rate to the extent the
Participant has held the surrendered shares for less than six months). 

ARTICLE 10.

TRANSFERABILITY

10.1     Transfer
Restrictions

Neither an
Award nor any interest therein may be assigned, pledged or transferred by the
Participant or made subject to attachment or similar proceedings other than by
will or by the applicable laws of descent and distribution, and, during the
Participant's lifetime, such Awards may be exercised only by the Participant.
Notwithstanding the foregoing, and to the extent permitted by Section 422
of the Code with respect to Incentive Stock Options, the Plan Administrator, in
its sole discretion, may permit a Participant to assign or transfer an Award or
may permit a Participant to designate a beneficiary who may exercise the Award
or receive payment under the Award after the Participant's death; provided,
however, that any Award so assigned or transferred shall be subject to all the
terms and conditions of the Plan and those contained in the instrument
evidencing the Award. 

ARTICLE 11.
ADJUSTMENTS

11.1     Adjustment
of Shares 

In the
event, at any time or from time to time, a stock dividend, stock split,
spin-off, combination or exchange of shares, recapitalization, merger,
consolidation, distribution to stockholders other than a normal cash dividend,
or other change in the Company's corporate or capital structure, including, without
limitation, a Related Party Transaction, results in: (a) the outstanding
shares of Common Stock, or any securities exchanged therefor or received in
their place, being exchanged for a different number or kind of securities of
the Company or of any other corporation, or (b) new, different or
additional securities of the Company or of any other corporation being received
by the holders of shares of Common Stock of the Company, then the Plan
Administrator shall make proportional adjustments in: (i) the maximum
number and kind of securities subject to the Plan and issuable upon the
exercise of Awards as set forth in Article 4, and (ii) the number and
kind of securities that are subject to any outstanding Award and the per share
price of such securities, without any change in the aggregate price to be paid
therefor. The determination by the Plan Administrator as to the terms of any of
the foregoing adjustments shall be conclusive and binding. Notwithstanding the
foregoing, a dissolution or liquidation of the Company or a Corporate
Transaction shall not be governed by this Article 11.1 but shall be
governed by Articles 11.2 and 11.3, respectively. 

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11.2     Dissolution
or Liquidation 

To the
extent not previously exercised or settled, and unless otherwise determined by
the Plan Administrator in its sole discretion, Awards shall terminate
immediately prior to the dissolution or liquidation of the Company. To the
extent a forfeiture provision or repurchase right applicable to an Award has
not been waived by the Plan Administrator, the Award shall be forfeited
immediately prior to the consummation of the dissolution or liquidation. 

11.3     Corporate
Transaction 

	(a)

	In the event of a Corporate Transaction, except as otherwise provided in the instrument evidencing an Award (or in a written employment or services agreement between a Participant and the Company or Related Company) and except as provided in subsection (b) below, each outstanding Award shall be assumed or an equivalent option or right substituted by the surviving corporation, the successor corporation or its parent corporation, as applicable (the "Successor Corporation").

	(b)

	If, in connection with a Corporate Transaction, the Successor Corporation refuses to assume or substitute for an Award, then each such outstanding Award shall become fully vested and exercisable with respect to 100% of the unvested portion of the Award. In such case, the Plan Administrator shall notify the Participant in writing or electronically that the unvested portion of the Award specified above shall be fully vested and exercisable for a specified time period. At the expiration of such specified time period, the Award shall terminate, provided that the Corporate Transaction has occurred.

	(c)

	For the purposes of this Article 11.3, the Award shall be considered assumed or substituted for if following the Corporate Transaction, the option or right confers the right to purchase or receive, for each share of Common Stock subject to the Award immediately prior to the Corporate Transaction, the consideration (whether stock, cash, or other securities or property) that the Participant would have been entitled to receive had the Participant exercised such Award immediately prior to the Corporate Transaction becoming effective (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration that the Participant would have received is not solely common stock of the Successor Corporation, the Plan Administrator may, with the consent of the Successor Corporation, provide for the consideration to be received upon the exercise of the Award, for each share of Common Stock subject thereto, to be solely common stock of the Successor Corporation substantially equal in fair market value to the per share consideration received by holders of Common Stock in the Corporate Transaction as determined by the Plan Administrator in its sole discretion.

	(d)

	All Awards shall terminate and cease to remain outstanding immediately following the Corporate Transaction, except to the extent assumed by the Successor Corporation.

11.4     Further
Adjustment of Awards 

Subject to
Articles 11.2 and 11.3, the Plan Administrator shall have the discretion,
exercisable at any time, including but not limited to, before a sale, merger,
consolidation, reorganization, liquidation or change of control of the Company,
as defined by the Plan Administrator, to take such further action as it
determines to be necessary or advisable, and fair and equitable to the
Participants, with respect to Awards. Such authorized action may include (but
shall not be limited to) establishing, amending or waiving the type, terms,
conditions or duration of, or restrictions on, Awards so as to provide for
earlier, later, extended or additional time for exercise, lifting restrictions
and other modifications, and the Plan Administrator may take such actions with
respect to all Participants, to certain categories of Participants or only to
individual Participants, provided however, that the Plan Administrator may not,
without the express consent of the Participant holding the Award; (i) provide
for the earlier expiration of the Award; (ii) increase the exercise price for
an Award; or (iii) decrease the number of shares of Common Stock subject to an
Award. The Plan Administrator may take such action before or after granting
Awards to which the action relates and before or after any public announcement
with respect to any sale, merger, consolidation, reorganization, liquidation,
change of control or similar transaction that is the reason for such action. 

9

11.5     Limitations

The grant
of Awards shall in no way affect the Company's right to adjust, reclassify,
reorganize or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its
business or assets. 

11.6     Fractional
Shares 

In the
event of any adjustment in the number of shares covered by any Award, each such
Award shall cover only the number of full shares resulting from such
adjustment. 

ARTICLE 12.
AMENDMENT AND TERMINATION

12.1     Amendment
or Termination of Plan 

The Board
may suspend, amend or terminate the Plan or any portion of the Plan at any time
and in such respects as it shall deem advisable; provided, however, that,
solely, to the extent required for compliance with Section 422 of the Code
with respect to any outstanding Incentive Stock Option or any applicable law or
regulation, stockholder approval shall be required for any amendment that would:
(a) increase the total number of shares available for issuance under the
Plan, (b) modify the class of employees eligible to receive Awards, or
(c) otherwise require stockholder approval under any applicable law or
regulation. Any amendment made to the Plan that would constitute a
"modification" to Incentive Stock Options outstanding on the date of
such amendment shall not, without the consent of the Participant, be applicable
to such outstanding Incentive Stock Options but shall have prospective effect
only. 

12.2     Term
of Plan 

Unless
sooner terminated as provided herein, the Plan shall terminate ten (10) years
after the earlier of the Plan's adoption by the Board and approval by the
stockholders. 

12.3     Consent
of Participant 

The
suspension, amendment or termination of the Plan or a portion thereof or the
amendment of an outstanding Award shall not, without the Participant's consent,
materially adversely affect any rights under any Award theretofore granted to
the Participant under the Plan. Any change or adjustment to an outstanding
Incentive Stock Option shall not, without the consent of the Participant, be
made in a manner so as to constitute a "modification" that would
cause such Incentive Stock Option to fail to continue to qualify as an
Incentive Stock Option. Notwithstanding the foregoing, any adjustments made
pursuant to Article 11 shall not be subject to these restrictions. 

10

ARTICLE 13.

GENERAL

13.1     Evidence
of Awards 

Awards
granted under the Plan shall be evidenced by a written instrument that shall
contain such terms, conditions, limitations and restrictions as the Plan
Administrator shall deem advisable and that are not inconsistent with the Plan.

13.2     No
Individual Rights 

Nothing in
the Plan or any Award granted under the Plan shall be deemed to constitute an
employment contract or confer or be deemed to confer on any Participant any
right to continue in the employ of, or to continue any other relationship with,
the Company or any Related Company or limit in any way the right of the Company
or any Related Company to terminate a Participant's employment or other
relationship at any time, with or without Cause. 

13.3     Issuance
of Shares 

Notwithstanding
any other provision of the Plan or any written instrument evidencing an Award,
the Company shall have no obligation to issue or deliver any shares of Common
Stock under the Plan or make any other distribution of benefits under the Plan
unless the Plan Administrator determines, in its sole and absolute discretion,
acting in good faith, that such issuance, delivery or distribution would comply
with all applicable laws (including, without limitation, the requirements of
the Securities Act), and the applicable requirements of any securities exchange
or similar entity.  The Company may affix to any Awards or Common Stock issued
pursuant to or under the Plan with such restrictive legends as the Plan
Administrator may determine, in its sole and absolute discretion, to be necessary
in order to ensure compliance with any applicable laws.

The
Company shall be under no obligation to any Participant to register for
offering or resale or to qualify for exemption under the Securities Act, or to
register or qualify under state securities laws, any shares of Common Stock,
security or interest in a security paid or issued under, or created by, the
Plan, or to continue in effect any such registrations or qualifications if
made. The Company may issue certificates for shares with such legends and
subject to such restrictions on transfer and stop-transfer instructions as
counsel for the Company deems necessary or desirable for compliance by the
Company with federal and state securities laws. 

To the
extent the Plan or any instrument evidencing an Award provides for issuance of
stock certificates to reflect the issuance of shares of Common Stock, the
issuance may be effected on a noncertificated basis, to the extent not
prohibited by applicable law or the applicable rules of any stock exchange. 

13.4     No
Rights as a Stockholder 

No Award shall
entitle the Participant to any cash dividend, voting or other right of a
stockholder unless and until the date of issuance under the Plan of the shares
that are the subject of such Award. 

13.5     Compliance
With Laws and Regulations 

Notwithstanding
anything in the Plan to the contrary, the Plan Administrator, in its sole
discretion, may bifurcate the Plan so as to restrict, limit or condition the
use of any provision of the Plan to Participants who are officers or directors
subject to Section 16 of the Exchange Act without so restricting, limiting
or conditioning the Plan with respect to other Participants. Additionally, in
interpreting and applying the provisions of the Plan, any Award granted as an
Incentive Stock Option pursuant to the Plan shall, to the extent permitted by
law, be construed as an "incentive stock option" within the meaning
of Section 422 of the Code. 

11

13.6     Participants
in Other Countries 

The Plan
Administrator shall have the authority to adopt such modifications, procedures
and subplans as may be necessary or desirable to comply with provisions of the
laws of other countries in which the Company or any Related Company may operate
to assure the viability of the benefits from Awards granted to Participants
employed in such countries and to meet the objectives of the Plan. 

13.7     No
Trust or Fund 

The Plan
is intended to constitute an "unfunded" plan. Nothing contained
herein shall require the Company to segregate any monies or other property, or
shares of Common Stock, or to create any trusts, or to make any special
deposits for any immediate or deferred amounts payable to any Participant, and
no Participant shall have any rights that are greater than those of a general
unsecured creditor of the Company. 

13.8     Severability

If any provision of
the Plan or any Award is determined to be invalid, illegal or unenforceable in
any jurisdiction, or as to any person, or would disqualify the Plan or any
Award under any law deemed applicable by the Plan Administrator, such provision
shall be construed or deemed amended to conform to applicable laws, or, if it
cannot be so construed or deemed amended without, in the Plan Administrator's
determination, materially altering the intent of the Plan or the Award, such
provision shall be stricken as to such jurisdiction, person or Award, and the
remainder of the Plan and any such Award shall remain in full force and effect.

13.9     Choice
of Law 

The Plan
and all determinations made and actions taken pursuant hereto, to the extent
not otherwise governed by the laws of the United States, shall be governed by
the laws of the State of Nevada without giving effect to principles of
conflicts of law. 

ARTICLE 14.

EFFECTIVE DATE

14.1     Effective
Date of Plan

The
effective date is the date on which the Plan is adopted by the Board. If the
stockholders of the Company do not approve the Plan within twelve (12) months
after the Board's adoption of the Plan, any Incentive Stock Options granted
under the Plan will be treated as Non-Qualified Stock Options.

12Filed by Avantafile.com - Homeland Resources Ltd. - Exhibit 10.16

FISCAL ADVISORY AGREEMENT

THIS
AGREEMENT is
dated effective as of the 23rd day of October, 2014.

BETWEEN:                   

	 	
CHARLES D. FLYNN, an individual with an address of 405 Kings Road
London, UK   SW100BB 

	 	(the “Advisor”)

OF
THE FIRST PART

AND:                            

	 	
                                    HOMELAND RESOURCES LTD., a company duly formed under the laws of Nevada, with its principal office at 3395 S. Jones Boulevard, Las Vegas, NV   89146

	 	(the “Company”)

OF
THE SECOND PART

WHEREAS:

A.           
The Advisor has extensive contacts with investment
advisors, investment banks and institutional investors in Europe and the Middle
East (the “Regions”); and

B.           
The Company wishes to retain the advisor to assist the
Company in developing relationships with investment advisors, investment banks
and institutional investors in the Regions.

NOW THEREFORE THIS AGREEMENT WITNESSES THAT in
consideration of the foregoing and of the agreements herein contained the
parties have agreed and do hereby agree as follows:

1.                     
The Company hereby engages the Advisor as its fiscal
advisor for the Regions;

2.                     
The engagement will be for an initial term of six (6)
months but may be renewed by mutual agreement of the parties.

3.                     
During the currency of this Agreement, the Advisor will
use reasonably commercial efforts to introduce the Company to Investment Advisors,
Investment Banks and Institutional Investors in the Regions with the objective
of allowing the Company to develop relationships with his contacts and a
profile in the investment community in the Regions (the “Services”);

4.                     
In consideration of the Advisor entering into this
Agreement to provide the Services, the Company shall issue to the Advisor,
250,000 common shares of the Company (the “Shares”);

5.                     
The
Advisor represents and warrants to the Company that he is not a “U.S. Person”
as defined by Regulation S promulgated under the United States Securities Act
of 1933 (the “Securities Act”) and is not acquiring the Shares for the account
or benefit of a US Person.  

6.                     
The Advisor represents and warrants to the Company that
he is not a resident of any Province of Canada.

7.                     
The
Advisor acknowledges, represents and warrants to the Company that he was not in
the United States at the time the offer of the Shares was received and at the
time of the Advisor’s decision to accept the Shares. 

8.                     
The
Advisor acknowledges that the Shares are “restricted securities” within the
meaning of the Securities Act and will be issued to the Advisor in accordance
with Regulation S of the Securities Act.

2

9.                     
The
Advisor agrees not to engage in hedging transactions with regard to the Shares
unless in compliance with the Securities Act.

10.                   
The
Advisor agrees to resell the Shares only in accordance with the provisions of
Regulation S of the Securities Act, pursuant to an effective registration
statement under the Securities Act or pursuant to an available exemption from
the registration requirements of the Securities Act, and in each case in
accordance with any applicable state securities laws.  The Advisor further agrees that the Company
will refuse to register any transfer of the Shares not made in accordance with
the provisions of Regulation S of the Securities Act, pursuant to an effective
registration statement under the Securities Act or pursuant to an available
exemption from the registration requirements of the Securities Act, and in each
case in accordance with any applicable state securities laws. 

11.                   
The Advisor acknowledges and agrees
that all certificates representing the Shares will be endorsed with a
restrictive legend substantially similar to the following in accordance with
Regulation S of the Securities Act: 

  “THE SECURITIES REPRESENTED BY THIS
    CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
    “SECURITIES ACT”), AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE
    REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY REGULATION S
    PROMULGATED UNDER THE SECURITIES ACT.  
    SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE
    TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT
    TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR PURSUANT TO
    AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
    ACT, AND IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE STATE SECURITIES
    LAWS.  HEDGING TRANSACTIONS INVOLVING THE
    SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”

12.                   
In addition to the issuance of the Shares to the
Advisor, the Company agrees that, should financing be obtained as a result of
the efforts of the Advisor from parties in the Regions, the Company will pay
the Advisor a bonus equal to 10% of the net proceeds to the Company of such
financing.   The Advisor shall have the
option of receiving his bonus in cash or in securities of the Company at the
same price at which the securities are being sold in such financing.

13.                   
The Advisor shall not conduct activities in any
jurisdiction that requires licensing or an exemption from licensing without
first obtaining such licensing or establishing such exemption.

14.                   
Nothing in this Agreement shall require the Company to
pay a finder’s fee or commission to the Advisor in any jurisdiction where
prohibited by law.

15.                   
In performing his duties under the Agreement, the
Advisor will not make any representations about the Company that are not in the
Company’s public filings or news releases without the prior written consent of
the Company.

16.                   
The Advisor will at all times conduct himself in
accordance with all applicable securities laws.

17.                   
Time shall be of the essence of this Agreement.

18.                   
Any notice to be given under this Agreement shall be
duly and properly given if made in writing and by delivering or faxing the same
to the addressee at the address as set out on page one of this Agreement.  Any notice given as aforesaid shall be deemed
to have been given or made on, if delivered, the date on which it was delivered
or, if faxed, on the next business day after it was faxed.  Any party hereto may change its address for
notice from time to time by notice given to the other parties hereto in accordance
with the foregoing.

19.                   
This Agreement shall be construed and enforced in
accordance with, and the rights of the parties shall be governed by, the laws
of the State of Nevada.

3

20.                   
The parties shall deliver to each other such further
documentation and shall perform such further acts as and when the same may be
required to carry out and give effect to the terms and intent of this
Agreement.

21.                   
This Agreement shall enure to the benefit of and be
binding upon the parties hereto and their respective successors, assigns and
personal representatives.

22.                   
This Agreement may be executed in one or more
counter-parts, each of which so executed shall constitute an original and all
of which together shall constitute one and the same agreement.

IN WITNESS
WHEREOF,
the parties have duly executed and delivered this Agreement as of the date
first written above.

	
  SIGNED, SEALED AND DELIVERED  BY CHARLES D. FLYNN  in the presence of:
	 	 
	 	 	 
	 	 	 
	
  Signature
	 	
  CHARLES D. FLYNN  
	 	 	 
	 	 	 
	
  Name
	 	 
	 	 	 
	 	 	 
	
  Address
	 	 

HOMELAND RESOURCES LTD.
a Nevada
corporation by its authorized signatory:

 

_____________________________

  DAVID ST.
JAMES

Director

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