Document:

ex10-1.htm

    
      

      

    

    
      THE
SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED  (THE “ACT”) OR ANY OTHER APPLICABLE SECURITIES LAW
OF ANY STATE OR OTHER JURISDICTION, AND HAVE BEEN ISSUED IN RELIANCE UPON AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT INCLUDING BUT NOT
LIMITED TO REGULATION S PROMULGATED UNDER THE ACT. THESE SECURITIES CANNOT BE
TRANSFERRED, OFFERED, OR SOLD IN THE UNITED STATES OR TO A “U.S. PERSON” (AS
THAT TERM IS DEFINED IN REGULATION S PROMULGATED UNDER THE ACT) UNLESS SUCH
SECURITIES ARE REGISTERED UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION IS
AVAILABLE, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF
THE COMPANY AND ITS COUNSEL.  HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.

      

      
         

        SUBSCRIPTION
AGREEMENT

        FOR

      

      AMERICAN
SIERRA GOLD CORP.,

      a
Nevada corporation

      

      

      This subscription agreement (this
“Subscription Agreement”) is entered into by and between American Sierra Gold
Corp., a Nevada corporation (the “Company”), and the person or entity executing
the Subscription Agreement (the “Subscriber”).  In this Subscription
Agreement, the pronoun “it” means “he,” “she,” or “it,” as
appropriate.  All terms not otherwise defined herein shall have the
original meaning as defined in that certain Share Issuance Agreement dated
October 12, 2009 between the Company and Subscriber (the “Share Issuance
Agreement”). This Subscription Agreement is intended to be read in conjunction
with the Company’s quarterly and annual reports and any definitive proxy
statements (collectively, the “Reports”) filed with the Securities and Exchange
Commission (“SEC”).  All of the Company’s SEC filings, including the
Reports, may be reviewed and accessed via the SEC’s website at http://www.sec.gov.  (As
used herein, Subscription Agreement, Shares Issuance Agreement and Reports shall
collectively be referred to as the “Disclosure Documents”).

      

      1.           Offering.  The
Company is offering for sale to the Subscriber, and the Subscriber is offering
to purchase from the Company, Units at the Unit Price determined to be
$______  per
Unit on the date hereof (the “Offering”), subject to the terms, conditions,
acknowledgements, representations, and warranties stated herein and in the Share
Issuance Agreement.  Each Unit consists of one (1) share of common
stock of the Company (“Share”) and one (1) warrant representing the right to
purchase one full Share (“Warrant”).  Each Warrant is exercisable for
a period of two (2) years at an exercise price equal to 175% of the Unit Price
on the date hereof, or  $_______ per Share.

      

      2.           Subscription.  The
Subscriber hereby irrevocably subscribes to purchase from the Company the number
of Units and at the aggregate purchase price (the “Purchase Price”) set forth on
the execution page to this Subscription Agreement titled “SUBSCRIPTION AGREEMENT
SIGNATURE PAGE.”

      

      3.           Purchase.  The
Subscriber shall have tendered and delivered an Advance to the Company in the
amount representing the Purchase Price set forth on the Subscription Agreement
Signature Page, along with the execution and delivery of this Subscription
Agreement.

      
        
          
                                                                                 

          

           

        

        
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      4.           Acceptance or Rejection of
Subscription.  The Subscriber understands and agrees that the
Company reserves the right, in its sole discretion, to reject this subscription,
in whole or in part if the Subscriber (a) failed to deliver the Advance as
payment of the Purchase Price, (b) failed to deliver a completed Subscription
Agreement, or (c) constitutes a “U.S. Person” as such term is defined in Rule
902(k) of Regulation S under the Securities Act of 1933, as amended (the “Act”),
until there has been notice of acceptance of the Subscriber’s
subscription.  In the event of rejection of this subscription, the
Company and Subscriber shall take all actions deemed necessary or advisable to
remedy such disqualifying matter causing rejection of the
subscription.  Upon acceptance of the subscription by the Company, the
Company will deliver to the Subscriber an “accepted” Subscription Agreement, and
cause the Units to be promptly issued to the Subscriber.

      

      5.           Subscriber’s
Representations, Warranties, Covenants.  The Subscriber hereby
represents, warrants and covenants to the Company as follows, realizing that the
Company intends to rely on these representations, warranties, and covenants,
which shall survive the acceptance of the Subscriber’s subscription by the
Company:

      

      5.1           Purchase For Own
Account.  The Subscriber (a) is purchasing the Units, or Shares
underlying the Warrants (the Units, Shares, Warrants and Shares underlying the
Warrants are collectively referred to hereafter as the “Securities”) for its own
benefit and account (not as a nominee or agent) for investment purposes only and
not with an intent or view to, or for, resale, distribution or fractionalization
thereof, in whole or in part, (b) has no present arrangement or intention to
sell or distribute the Securities, or to grant participation in the Securities,
and (c) does not have any contract, undertaking, agreement or arrangement with
any person to sell, transfer or grant participation to such person, or to any
third person, with respect to any of the Securities.

      

      5.2           Speculative
Investment.  The Subscriber represents and warrants that it
understands that an investment in the Securities is speculative and involves
substantial risks, including the possible loss of the entire investment, and
Subscriber represents and warrants that it is in a position to lose the entire
amount of such investment.  In order to understand the risks involved
with such investment, Subscriber represents and warrants that it has carefully
read and understood the Disclosure Documents and “Risk Factors” set forth in
Section 6 of this Subscription Agreement.

      

      5.3           Independent
Review.  In making the decision to invest in the Company and
subscribe for Units, the Subscriber has (a) received, read and is familiar with
the Subscription Agreement, Shares Issuance Agreement and Reports (b) been given
access and the opportunity to ask any and all questions it had, and to receive
answers from the Company or any person acting on its behalf concerning the
Company, its business plan, management and current financial condition, and/or
the terms and conditions of the offer and sale of the Units, and Subscriber has
received complete and satisfactory answers to any such inquiries, (c) has relied
solely upon the information contained within this Subscription Agreement or upon
information obtained in its own investigation, and represents and warrants that
neither the Company, nor any officer, employee, agent, or affiliate of the
Company has made any representations other than those contained within this
Subscription Agreement, (d) understands that the attorneys, accountants or other
professionals who have been employed to perform services on the Company’s behalf
have NOT been employed to represent the interests of the Subscriber, and
understands that it should consult with and rely on its own counsel or advisors
for independent legal, accounting, financial and tax advice concerning this
investment in the Company, including but not limited to advice as to the
legality of any resale of the Securities, tax or other consequences of such
investment in the Company, and the suitability of the investment for the
Subscriber, and (e) acknowledges that the Reports have been accessible and
available for inspection and that the appropriate officers of the Company have
been available to answer any questions concerning this
investment.  The Subscriber represents and warrants it is solely
responsible for its own due diligence investigation of the Company and its
analysis of the merits and risks of an investment in the
Company.

      
        
          
             

          

           

        

        
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      5.4           Pre-existing Relationship
with the Company or Sufficient Business and Financial
Experience.  The Subscriber represents and warrants that: (i)
it has a preexisting personal or business relationship with the Company or any
of the Company’s officers, directors or controlling persons, or (ii) by reason
of its business or financial experience or the business or financial experience
of its professional advisors who are unaffiliated with and who are not
compensated by the Company or any affiliate or selling agent of the Company,
directly or indirectly, it could be reasonably assumed to have the capacity to
protect its own interests in connection with the purchase of the
Securities.  A “preexisting personal or business relationship” will be
deemed to exist where the Subscriber has personal or business contacts with the
Company, or any officer, director or controlling person of the Company, of such
a nature and duration that would enable a reasonably prudent purchaser to be
aware of the character, business acumen and general business and financial
circumstances of the Company or person with whom such relationship
exists.

      

      5.5           No Advertisement or General
Solicitation.  The offer and sale of the Units has not been
advertised through any article, notice or other communication published in any
newspaper, magazine, or similar media or broadcast over television or radio, or
through any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising, and the Subscriber is not purchasing as a
result of any such advertisement or solicitation.

      

      5.6           Authority to Purchase the
Units and to Execute Subscription Agreement.  The Subscriber
has all the requisite power, authority and capacity to acquire and hold the
Securities and to execute, deliver and comply with the terms of each of the
instruments required to be executed and delivered by the Subscriber in
connection with the subscription for the Units as contemplated by this
Subscription Agreement, and such execution, delivery and compliance does not
conflict with, or constitute a default under, any instruments governing the
Subscriber, any law, regulation or order, or any agreement to which the
Subscriber is a party or by which the Subscriber may be bound.  The
Subscriber hereby adopts, accepts and agrees to be bound by all the terms and
provisions of this Subscription Agreement, and, if this subscription is accepted
in whole or in part, to perform and comply with any obligations therein
imposed.

      

      5.7           Partnership, Corporation or
Trust.  If the Subscriber is a partnership, corporation or
trust, the person executing this Subscription Agreement on its behalf represents
and warrants that (i) it has made due inquiry to determine the truthfulness of
the representations and warranties made pursuant to this Subscription Agreement,
and (ii) it is duly empowered, authorized, and qualified (and if the Subscriber
is a trust, by the trust agreement) to make this investment and to enter into
and execute this Subscription Agreement on behalf of such entity.

      

      5.8           Restricted
Securities.  The Subscriber acknowledges that the Securities
have not been registered or qualified under any federal or state securities laws
in reliance upon exemptions from the registration requirements of such laws, and
the Securities may not be transferred by the undersigned except in compliance
with the registration requirements of such laws or pursuant to available
exemptions from registration.  The offer and sale of the Securities
has not been approved or disapproved by the SEC or any state regulatory
authority, and any representation to the contrary is unlawful.

      

      5.9           Legend.  The
Subscriber understands and agrees that the certificate(s) or the documents
representing the Securities will bear one or more restrictive legends determined
by counsel to the Company to be necessary or appropriate in order to comply with
United States federal or state securities law or to secure or protect any
applicable exemptions from registration or qualification, including a legend in
substantially the following form and the Subscriber agrees to abide by the terms
thereof:

      
        
          
             

          

           

        

        
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      THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED  (THE
“ACT”) OR ANY OTHER APPLICABLE SECURITIES LAW OF ANY STATE OR OTHER
JURISDICTION, AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER
THE ACT. THESE SECURITIES CANNOT BE TRANSFERRED, OFFERED, OR SOLD IN THE UNITED
STATES OR TO A “U.S. PERSON” (AS THAT TERM IS DEFINED IN REGULATION S
PROMULGATED UNDER THE ACT) UNLESS SUCH SECURITIES ARE REGISTERED UNDER THE ACT
OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE, THE AVAILABILITY OF WHICH IS TO
BE ESTABLISHED TO THE SATISFACTION OF THE CORPORATION AND ITS COUNSEL. HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE ACT.

      

      5.10           Compliance with Securities
Law.  The Subscriber will not sell or otherwise transfer the
Securities except as permitted under the Act and applicable United States state
securities laws or an exemption therefrom, provided that the Subscriber delivers
to the Company an opinion of counsel (which opinion and counsel are satisfactory
to the Company) confirming the availability of such exemption upon the Company’s
request.

      

      5.11           Resale.  Subscriber
may resell the Securities hereunder only pursuant to registration under the Act,
or pursuant to an available exemption from registration and subject to an
available exemption under Rule 144 promulgated under the Act (“Rule 144”). The
Securities may be sold following six (6) months from the date Subscriber
purchases the Securities so long as the Subscriber is not an “affiliate” of the
Company and all the conditions set forth under Rule 144 have been
satisfied.

      

      5.12           Company’s Reliance on
Information Provided.  The Subscriber understands that the
Securities are being offered and sold to it in reliance on specific exemptions
from the registration requirements of the United States federal and state
securities laws and that the Company is relying upon the truth and accuracy of
the representations, warranties, agreements, acknowledgments and understandings
of the Subscriber set forth herein to determine the applicability of such
exemptions and the suitability of the Subscriber to acquire the
Securities.

      

      5.13           Not a U.S.
Person.  The Subscriber represents and warrants that it is not
a “U.S. person” as such term is defined in Rule 902(k) of Regulation S under the
Act.  A definition of “U.S. person” includes but is not limited to the
following: (i) any natural person resident of the U.S.; (ii) any partnership or
corporation organized or incorporated under the laws of the U.S.; (iii) any
estate of which any executor or administrator is a U.S. person; and (iv) any
partnership or corporation if (1) organized or incorporated under the laws of
any foreign jurisdiction, and (2) formed by a U.S. person principally for the
purpose of investing in securities not registered under the Act, unless it is
organized or incorporated, and owned, by accredited investors who are not
natural persons, estates or trusts.  The Subscriber represents that it
is a bona fide resident of, and is domiciled in, the country so designated on
the signature page hereto.

      

      5.14            No Written or Oral
Representations. No person or entity, including the Company or agents of
the Company, has made any written or oral representations or warranties,
expressly or by implication to the Subscriber, (a) that any person will resell
or repurchase the Securities, (b) that any person will refund the Purchase Price
for the Units, (c) as to the future price or value of the Securities, (d) as to
the appropriate or exact length of time that Subscriber will be required to hold
the Securities, (e) as to the percentage of profit and/or amount or type of
consideration, profit, or loss to be realized, if any, as a result of an
investment in the Securities, or (f) as to the amount of distributions that the
Company will make.

      
        
          
             

          

           

        

        
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      5.15           Subscription Rejection
Right.  The Subscriber acknowledges that the Company reserves
the right to reject its subscription, to accept any subscription in part only,
or to prorate subscriptions, if the Subscriber (a) fails to deliver the Advance
as payment of the Purchase Price, (b) fails to deliver a completed Subscription
Agreement, or (c) constitutes a “U.S. Person” as such term is defined in Rule
902(k) of Regulation S under the Act.

      

      5.16            Subsequent
Changes.  All information which the Subscriber has provided to
the Company, including but not limited to all information given herein
concerning itself, investor status, address, residence, financial position and
knowledge and experience of financial and business matters are correct and
complete as of the date of the execution of the Subscription Agreement, and that
if there should be any material change in such information prior to this
Subscription Agreement being accepted by the Company, the Subscriber will
immediately provide the Company with such information.  The Subscriber
will promptly notify the Company of any material fact or circumstance that would
cause any of the foregoing representations to be untrue, incomplete, or
misleading.

      

      6.           Risk Factors.  In addition to
the risks otherwise disclosed in the Reports and elsewhere in this Subscription
Agreement, the Subscriber acknowledges and understands the risks involved with
an investment to purchase the Units, including, but not limited to, the risks
described below:

      

      6.1           Speculative.  The
Subscriber understands that an investment in the Securities is speculative and
involves substantial risks, including the possible loss of the entire
investment, and understands the risks and uncertainties discussed in this
Subscription Agreement.

      

      6.2           Investment Risk; No
Operating History.  The Subscriber understands that the Company
is currently in a development stage and has no operating history nor any history
of profitability.  The Company reserves the right to obtain additional
capital to develop its operations and complete its business
plans.  There is no assurance that the Company can obtain additional
capital to accomplish the foregoing or successfully complete its business
plans.  As such, the Subscriber’s investment in the Company involves a
high degree of risk which may result in a loss of all or substantially all of
the Subscriber’s investment.

      

      6.3           No Review of
Fairness.  No federal or state agency has passed upon the
Securities nor has made any finding, recommendation or determination as to the
fairness of this investment.

      

      6.4           No Representations
Concerning Suitability.  The Company has made no
representations or recommendations to the Subscriber concerning whether the
purchase of the Securities is a suitable investment for it.  The
Subscriber and its representative, if any, have the sole responsibility for
determining whether this investment is suitable for the
Subscriber.  The Company is not responsible to the Subscriber for
making any such determination.

      

      6.5           Unit Price May
Fluctuate.  In accordance with the Shares Issuance Agreement,
the Unit Price and the exercise price of the Warrants may fluctuate from time to
time based upon market conditions and trading activity of the Company’s Common
Stock.

      

      6.6           Illiquid
Investment.  The Subscriber’s investment in the Company is an
illiquid investment, and the Subscriber must bear the economic risk of its
investment.

      
        
          
             

          

           

        

        
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      6.7           The Securities Are Not
Registered With The SEC Nor With Any State Securities
Authorities.  The Securities will not be registered under the
Act nor under any state securities laws nor the securities laws of any other
country in reliance upon specific exemptions from registration under the
provisions of the Act and applicable state securities laws and the laws of other
countries.  The Securities issued will be deemed "restricted
securities" and may not be sold, transferred or otherwise disposed of without an
effective registration statement under the Act or an exemption
therefrom.  As a result, the Securities may be transferred or resold
only if the Securities have been registered or there is an available exemption
from registration and the certificates representing the Securities will bear a
legend to this effect.  The Securities are being offered in reliance
upon an exemption from the registration provisions of the Act, pursuant to
Regulation S promulgated thereunder.

      

      6.8           Dilution in Initial Equity
Interest.  Any further issuance by the Company of any
additional Securities of the Company will dilute any equity interest of the
Subscriber.  No assurances can be given that the Company will not
issue additional securities that will have the effect of diluting the equity
interest of the Subscriber.

      

      6.9           Due Diligence and
Investigation.  The offer and sale of the Units is not
underwritten by or being offered through investment bankers or
underwriters.  There has not been an independent review of matters
covered in the Subscription Agreement by any such professionals or other
professionals.  Subscriber must rely solely upon its own investigation
and analysis of the risks in making this investment decision.

      

      6.10           No Established Public
Trading Market.  Even though the Company’s Common Stock is
traded over-the-counter by quotation on the OTC Bulletin Board under the symbol
“AMNP” the Subscriber realizes there is no established public trading market for
the Securities.

      

      6.11           Penny Stock Regulations
Affect the Company’s Stock Price, Which May Make it More Difficult to
Sell.  Broker-dealer practices in connection with transactions
in “penny stocks” are regulated by certain penny stock rules adopted by the SEC.
Penny stocks generally are equity securities with a price per share of less than
$5.00 (other than securities registered on certain national securities exchanges
or quoted on the NASDAQ Stock Market, provided that current price and volume
information with respect to transactions in such securities is provided by the
exchange or system). The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document that provides information about penny
stocks and the risks in the penny stock market. The broker-dealer must also
provide the customer with current bid and offer quotations for the penny stock,
the compensation of the broker-dealer and its salesperson in the transaction,
and monthly account statements showing the market value of each penny stock held
in the customer’s account. In addition, the penny stock rules generally require
that prior to a transaction in a penny stock the broker-dealer make a special
written determination that the penny stock is a suitable investment for the
purchaser and receive the purchaser’s written agreement to the transaction.
These disclosure requirements may have the effect of reducing the level of
trading activity in the secondary market for a stock that becomes subject to the
penny stock rules.  The Securities are subject to the penny stock
rules, and investors may find it more difficult to sell their
securities.

      

      
        
          
             

          

           

        

        
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        7.           Indemnification.  The
Subscriber agrees to indemnify and hold the Company and any person, if any, who
controls the Company, within the meaning of Section 15 of the Act, and the
Company’s officers, directors, agents, attorneys, and affiliates harmless from
and against all damages, losses, costs and expenses, including reasonable
attorneys’ fees and expenses reasonably incurred in the investigation or
preparation in defense of any litigation commenced or threatened or any claim
whatsoever, which they may incur by reason of the failure by the Subscriber to
comply with the terms and 
conditions
of this Subscription Agreement, or by reason of any misrepresentation or breach
of any warranty or covenant made by the Subscriber herein, or in any document
provided by the Subscriber to the Company in connection with the Subscriber’s
investment in the Securities.  The Subscriber further agrees that the
provisions of this Section shall survive (a) the sale, transfer or any attempted
sale or transfer of all or a portion of the Securities, and (b) the death of the
Subscriber.

    

    

    8.           Termination, Cancellation or
Revocation.  The Subscriber agrees that it may not cancel,
terminate, or revoke this Subscription Agreement or any agreement made by it
hereunder and that this Subscription Agreement shall survive the death or
disability of the Subscriber and shall be binding upon the Subscriber’s heirs,
executors, administrators, successors, and assigns, who shall execute a
substantially similar agreement.

    

    9.           Modification.  Neither
this Subscription Agreement nor any provisions hereof shall be modified,
discharged or terminated except by an instrument in writing signed by the party
against whom any modification, discharge or termination is sought.

    

    10.           Notices.  Any
notice, demand or other communication that any party hereto may be required, or
may elect, to give to anyone interested hereunder shall be deemed given (a)
three (3) business days after mailing if sent by registered or certified mail,
return receipt requested, addressed to such address as may be given herein, (b)
immediately if delivered personally at such address, including by overnight
delivery service, or (c) immediately if communicated by facsimile to the person
entitled to such notice, provided, however, that
acknowledgment of the receipt of such facsimile notice is returned to the person
giving notice, it being understood that such acknowledgment shall not be
unreasonably withheld.

    

    11.           Payment of
Expenses.  Subject to the provisions of this Subscription
Agreement, the Company, on the one hand, and the Subscriber, on the other hand,
will pay all fees and expenses (including, without limitation, legal fees and
expenses) incurred by them in connection with the transactions contemplated
hereunder.

    

    12.           Counterparts.  This
Subscription Agreement may be executed through the use of separate signature
pages (including by facsimile) or in any number of counterparts, and each of
such counterparts shall, for all purposes, constitute one agreement binding on
all the parties, notwithstanding that all parties are not signatories to the
same counterpart.

    

    13.           Binding
Effect.  Except as otherwise provided herein, this Subscription
Agreement shall be binding upon and inure to the benefit of the parties and
their heirs, executors, administrators, successors, legal representatives and
assigns.  The obligation of the Subscriber and the agreements,
representations, warranties and acknowledgments herein contained shall be deemed
to be made by and be binding upon the Subscriber and the heirs, executors,
administrators and successors of the Subscriber.

    

    14.           Entire
Agreement.  This instrument, including all appendices, exhibits
and schedules attached hereto which have been incorporated by reference into
this Subscription Agreement, contain the entire agreement of the parties with
respect to the subject matter of this Subscription Agreement, and there are no
representations, covenants or other agreements except as stated or referred to
herein.

    

    15.           Assignability.  This
Subscription Agreement is not transferable or assignable by the Subscriber
except as provided herein.

    
      
        
           

        

         

      

      
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    16.           Applicable
Law.  This Subscription Agreement shall be governed by and
construed in accordance with the laws of the State of Nevada as applied to
residents of that state entering into contracts wholly to be performed in that
state, without regards to conflicts of laws principles.  The
Subscriber hereby agrees that any suit, action, or proceeding arising out of or
relating to this Subscription Agreement, any amendments or any replacements
hereof, and any transactions or agreements relating hereto shall be brought in
the courts of, or the Federal courts in, the State of Nevada, County of Washoe,
and the Subscriber hereby irrevocably consents and submits to the jurisdiction
of such courts for the purposes of any such suit, action or proceeding, and the
Subscriber agrees that service of process on the Subscriber in such suit, action
or proceeding may be made in the same way as is prescribed by this Subscription
Agreement for other notices.  The Subscriber hereby waives, and agrees
not to assert against the Company or any assignee thereof, by way of motion, as
a defense, or otherwise, in any such suit, action or proceeding, (a) any claim
that he or she is not personally subject to the jurisdiction of the above-named
courts or that his or her property is exempt or immune from setoff, execution or
attachment, either prior to judgment or in execution thereof, and (b) to the
extent permitted by applicable law, any claim that such suit, action or
proceeding is brought in an inconvenient forum or that the venue of suit, action
or proceeding is improper or that this subscription agreement or any amendments
or any replacements hereof may not be enforced in or by such
courts.  Venue for such actions as set forth above is intended to be
inclusive.

    

    17.           Waiver of Jury
Trial.  The parties to this Subscription Agreement hereby waive
any right that they may otherwise have to a trial by jury in any suit, action,
or proceeding that arises out of or relates to this Subscription Agreement, any
amendments to or any replacements of this Subscription Agreement, and any
transactions or agreements relating to this Subscription
Agreement.  The parties understand that, as a result of this waiver,
the facts relating to any dispute that is covered by this waiver will be tried,
if necessary, to a judge rather than to a jury.

    

    18.           Severability.  If
any provision or portion of this Subscription Agreement is held to be
unenforceable or invalid for any reason, the remaining provisions and portions
of this Subscription Agreement shall be unaffected by such holding.

    

    

    

    

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    SUBSCRIPTION
AGREEMENT SIGNATURE PAGE

     

    In
addition to the foregoing, the Subscriber hereby certifies that it (a) agrees to
all the terms and conditions of this Subscription Agreement, (b) meets the
suitability standards set forth in this Subscription Agreement, and (c) is a
resident of the jurisdiction indicated below.

    

    

    
      	
              I.     NUMBER OF
      SUBSCRIBED UNITS.  Subscriber subscribes to purchase
      __________ Units

              (at
      $________ per Unit) of the Company (“Units”).

               

               

              II.    PURCHASE PRICE.  The total
      purchase price of the Units (the number of Units multiplied by price per
      Unit) is $______________ (the “Purchase Price”).

               

               

            	 
      
	
              III.          TYPE OF OWNERSHIP AND REQUIRED
      DOCUMENTS AND SIGNATURES

              (please
      check one)

               

            
	
              [  ]INDIVIDUAL
      OWNERSHIP (one signature required)

               

              [  ]JOINT
      TENANTS WITH RIGHTS OF SURVIVORSHIP (both or all parties must
      sign)

               

              [  ]COMMUNITY
      PROPERTY (both husband and wife must sign)

               

              [  ]COMMUNITY
      PROPERTY WITH RIGHTS OF SURVIVORSHIP (both husband and wife must
      sign)

               

            	
              [  ]TENANTS
      IN COMMON (both or all parties must sign) (indicate the interest of each
      Subscriber)

               

              [  ]PARTNERSHIP

               

              [  ]  LIMITED
      PARTNERSHIP (State:_______)

               

              [  ]  LIMITED
      LIABILITY COMPANY (State:_______)

               

              [  ]CORPORATION
      (State:______)

               

              [  ]TRUST
      (Type:_________)

               

              [  ]  OTHER
      (Please specify:_________)

               

               

            
	
              IV.         PURCHASER
      INFORMATION

               

              a._______________________________________________________

                     (Please print
      the exact name you desire to use for ownership.)

               

              b._______________________________________________________                                                                                                                     

                        (Mailing
      address)

               

              c.           Primary
      Country of
      Residence:  __________________________                                                                                                                   

               

              d.           Telephone
      No.:  _________________     Fax
      No.:  ___________

               

              e.           Social
      Security or Employer Tax ID Number (if applicable): _______________

               

            

    

    
      
        
           

        

         

      

      
        9

        
          

        

      

      
         

      

    

    

    
      	
              V.          REGISTRATION AND DELIVERY
      DETAILS (if other than as set forth above).

               

            
	
              a)            
      Registered Holder Custodian of securities (if different than Part IV
      above):

               

              Name:   _______________________________________________

               

            
	
              b)           
      Delivery details for securities certificates (if different than Part IV
      above):

               

              Name:   _______________________________________________

              Address:  ______________________________________________

                                                 
         ______________________________________________

               

            
	 
      	 
      

    

    Executed
this __day of _______________, 2009 at_____________________,
___________________.

    (City)                                    (State/Country)

    

    __________________________________                                         _____________________________________

    Signature
of
Subscriber                                                                           Signature
of Joint Subscriber

    

    

    By:  ______________________________                                          By:  _________________________________

    Print Name and
Title                                                                       Print
Name and Title

     

    
 

    

    
      
        
          

        

      

    

    

    
      ********************

      SUBSCRIPTION
ACCEPTED:

    

    
      	
               
      

            	
              AMERICAN
      SIERRA GOLD CORP.

            

    

    
      	
               
      

            	
              a
      Nevada corporation

            

    

    

    

    
      	
               
      

            	
              Dated:
      __________________

            	
              ,
      2009

            	 	 

    

    
      	
               

            	
              By:  
      Johannes Petersen, Chief Financial
Officer

            

    

    

    
      
        
           

           

        

         

      

      
        10exh41.htm

    Exhibit
4.1

    

    

    
      	
              Number

            	 
      	
              Shares

            
	 
      	
              GOLD
      DRAGON ENTERPRISES INC.

            	 
      
	 
      	
              INCORPORATED
      UNDER THE LAWS OF THE STATE OF NEVADA

            	 
      
	 
      	
              100,000,000
      SHARES COMMON STOCK AUTHORIZED,

            	 
      
	 
      	
              $0.0001
      PAR VALUE

            	 
      
	 
      	 
      	 
      
	 
      	 
      	
              CUSIP
      _______

            
	 
      	 
      	
              SEE
      REVERSE

            
	 
      	 
      	
              FOR

            
	
              This

            	 
      	
              CERTAIN

            
	
              certifies

            	 
      	
              DEFINITIONS

            
	
              that

            	 
      	 
      
	
              is
      the owner of

            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              FULLY
      PAID AND NON-ASSESSABLE

            	 
      
	 
      	
              SHARES
      OF COMMON STOCK OF

            	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              GOLD
      DRAGON ENTERPRISES INC.

            	 
      
	 
      	
              transferable
      on the books of the corporation in person or by duly

            	 
      
	 
      	
              authorized
      attorney upon surrender of this certificate properly

            	 
      
	 
      	
              endorsed.  This
      certificate and the shares represented hereby

            	 
      
	 
      	
              are
      subject to the laws of the State of Nevada, and to the

            	 
      
	 
      	
              Articles
      of Incorporation and Bylaws of the Corporation,

            	 
      
	 
      	
              as
      now or hereafter amended.  This certificate is not
      valid

            	 
      
	 
      	
              unless
      countersigned by the Transfer Agent.  WITNESS

            	 
      
	 
      	
              the
      facsimile seal of the Corporation and the signature

            	 
      
	 
      	
              of
      its duly authorized officers

            	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              PRESIDENT

            	
              [SEAL]

            	
              SECRETARY

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The following abbreviations, when used
in the inscription on the face of this certificate, shall be construed as though
they were written out in full according to applicable laws or
regulations.

    

    
      	
              TEN
      COM

            	
              as
      tenants in common

            	
              UNIF
      GIFT MIN ACT

            	
              _____________________

            	
              Custodian

            	
              ______________________

            
	
              TEN
      ENT

            	
              as
      tenants by the entireties

            	 
      	
              (Cust)

            	 
      	
              (Minor)

            
	
              JT
      TEN

            	
              as
      joint tenants with the right of

            	
              Act

            	
              _________________________________

            
	 
      	
              survivorship
      and not as tenants

            	 
      	
              (State)

            
	 
      	
              in
      common

            	 
      	 
      

    

    

    Additional
abbreviations may also be used though not in the above list.

    

    
      	
              For value received,
      _______________________________________________________________________________________
      hereby sell, assign and
      transfer unto

            
	 
      	
              PLEASE
      INSERT SOCIAL SECURITY OR OTHER

            	 
      
	 
      	
              IDENTIFYING
      NUMBER OF ASSIGNEE

            	 
      
	 
      
	
              ______________________________________________________________________________________________________________________________________

            
	
              (PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF
      ASSIGNEE)

            
	 
      
	
              ______________________________________________________________________________________________________________________________________

            
	 
      
	
              ______________________________________________________________________________________________________________________________________

            
	 
      
	
              ______________________________________________________________________________________________________________________________________

            
	 
      
	
              _____________________________________________________________________________
      shares of the capital
      stock represented by the within Certificate, and do 

              hereby irrevocably constitute
      and appoint 

            
	 
      
	
              _____________________________________________________________________________,
      Attorney to transfer the
      said stock on the books of the within named 

              Corporation with full power of
      substitution in the premises.

            
	 
      
	
              Dated
      _______________________

            
	 
      
	
              X
      ________________________________________________________________________________

            
	
              THE
      SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
      THE FACE OF 

              THIS
      CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY
      CHANGE 

              WHATSOEVER.  THE
      SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
      

              (Banks,
      Stockbrokers, Savings and Loan Associations and Credit
    Unions)

            

    

    

    

    

    SIGNATURE
GUARANTEED:

    

    

    

    

    

    TRANSFER
FEE WILL APPLY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]