Document:

Unassociated Document

    ARDENT
MINES LIMITED

     

    CONVERTIBLE
PROMISSORY NOTE

     

    THIS
PROMISSORY NOTE MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
EXCEPT AS PROVIDED HEREIN.  ANY ATTEMPTED TRANSFER OF THIS PROMISSORY
NOTE IN VIOLATION OF SUCH TERMS SHALL BE NULL AND VOID AND OF NO
EFFECT.  THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, AND
NO OFFER, TRANSFER OR ASSIGNMENT OF THIS PROMISSORY NOTE MAY BE MADE IN THE
ABSENCE OF SUCH REGISTRATIONS OR AVAILABLE EXEMPTIONS THERETO.

     

    
      
        	
                US$
      1,000,000.00

              	
                Dated:
      October 18, 2010

              

      

    

     

    FOR VALUE
RECEIVED, Ardent Mines
Limited, a Nevada corporation (the “Borrower”), hereby promises
to pay to the order of CRG
Finance AG (“Lender”), at such time,
place and in such manner as Lender may specify in writing, the principal amount
of One
Million U.S. Dollars  (USD1,000,000.00) (the “Principal”) pursuant to the
terms and conditions specified herein (this “Note”).  The
Borrower shall pay interest on the outstanding principal of this Note at the
annual rate of 7.5% per
annum, calculated based on a year of 365 days and actual days elapsed (the “Interest”).

    

    
      	
              1.  

            	
              The
      Borrower hereby promises to pay to the order of the Lender the Principal
      and all Interest due thereon after the first anniversary of the date of
      this Note upon delivery to the Borrower of written demand by the Lender
      for repayment of this Note within not less than thirty (30) calendar days
      (the “Due Date”),
      at such place and in such manner as Lender may specify in
      writing.  In lieu of payment in cash, the Lender may request the
      Borrower to repay any or all of the Principal and Interest in the form of
      restricted common stock of the Borrower at a price per share equal to
      eighty percent (80%) of the average closing price of the Borrower’s
      common stock as quoted on the principal quotation system or stock exchange
      on which such securities are traded over the thirty (30) days immediately
      preceding the closing of the acquisition of Rio São Pedro Mineração LTDA
      (“RSPM”)by the Borrower or such other third-party assets or shares
      of a strategic acquisition company which may be acquired earlier than such
      RSPM closing.  The Borrower shall promptly deliver such
      restricted common stock in accordance with the request of
      Lender.  Upon delivery of such shares of common stock this Note
      shall be deemed to be repaid and satisfied in
  full.

            

    

     

    
      	
              2.  

            	
              Any
      and all fees, costs, expenses and disbursements charged by financial
      institutions with respect to wire transfer or other transmittal charges
      incurred in connection with delivery of the Principal from the Lender to
      the Borrower shall be deemed to have been received by the Borrower from
      the Lender and all such amounts shall be included in the calculation of
      Principal hereunder.

            

    

     

    
      	
              3.  

            	
              This
      Note shall not be transferable by Borrower and the Borrower may not
      assign, transfer or sell all or a portion of its rights and interests to
      and under this Note to any persons and any such purported transfer shall
      be void ab initio.  The Lender may transfer and assign this Note
      at its sole discretion subject to applicable laws, rules and regulations
      pertaining to such transfers as to which a legal opinion of counsel to
      Lender shall be required to be delivered to Borrower, in form and
      substance acceptable to Borrower.

            

    

     

    
      
         

      

      
        Page 1 of
5

        
          

        

      

      
         

      

    

    
      
        	
                Ardent Mines Limited

              	
                Promissory
Note

              

      

       

    

    
      	
              4.  

            	
              The
      failure at any time of the Lender to exercise any of its options or any
      other rights hereunder shall not constitute a waiver thereof, nor shall it
      be a bar to the exercise of any of its options or rights at a later
      date.  All rights and remedies of the Lender shall be cumulative
      and may be pursued singly, successively or together, at the option of the
      Lender.  The acceptance by the Lender of any partial payment
      shall not constitute a waiver of any default or of any of the Lender's
      rights under this Note.  No waiver of any of its rights
      hereunder, and no modification or amendment of this Note, shall be deemed
      to be made by the Lender unless the same shall be in writing, duly signed
      on behalf of the Lender; and each such waiver shall apply only with
      respect to the specific instance involved, and shall in no way impair the
      rights of the Lender in any other respect at any other
    time.

            

    

    

    
      	
              5.  

            	
              Any
      term or condition of this Note may be waived at any time by the party that
      is entitled to the benefit thereof, but no such waiver shall be effective
      unless set forth in a written instrument duly executed by or on behalf of
      the party waiving such term or
condition.

            

    

    

    
      	
              6.  

            	
              The
      Borrower represents and warrants that this Note is the valid and binding
      obligation of the Borrower, fully enforceable in accordance with its
      terms.  The execution and delivery by the Borrower of this Note,
      the performance by the Borrower of its obligations hereunder and the
      consummation of the transactions contemplated hereby and thereby does not
      and will not: (a) conflict with or result in a violation or breach of any
      of the terms, conditions or provisions of the Borrower’s charter
      instruments; (b) conflict with or result in a violation or breach of any
      term or provision of any law or order applicable to the Borrower or any of
      its assets and properties; or (c) (i) conflict with or result in a
      violation or breach of, or (ii) result in or give to any person any rights
      or create any additional or increased liability of the Borrower under or
      create or impose any lien upon, the Borrower or any of its assets and
      properties under, any contract or permit to which the Borrower is a party
      or by which its assets and properties are
bound.

            

    

    

    
      	
              7.  

            	
              If
      any provision of this Note is held to be illegal, invalid or unenforceable
      under any present or future Law, and if the rights or obligations of any
      party hereto under this Note will not be materially and adversely affected
      thereby, (i) such provision will be fully severable; (ii) this Note will
      be construed and enforced as if such illegal, invalid or unenforceable
      provision had never comprised a part hereof; (iii) the remaining
      provisions of this Note will remain in full force and effect and will not
      be affected by the illegal, invalid or unenforceable provision or by its
      severance here from; and (iv) in lieu of such illegal, invalid or
      unenforceable provision, there will be added automatically as a part of
      this Note a legal, valid and enforceable provision as similar in terms to
      such illegal, invalid or unenforceable provision as may be
      possible.

            

    

    

    
      	
              8.  

            	
              Any
      notice, authorization, request or demand required or permitted to be given
      hereunder shall be in writing and shall be deemed to have been duly given
      two days after it is sent by an internationally recognized delivery
      service to the address of record of the Lender or the Borrower,
      respectively.  Any party may change its address for such
      communications by giving notice thereof to the other parties in conformity
      with this Section.

            

    

     

    
      
         

      

      
        Page 2 of
5

        
          

        

      

      
         

      

    

    
      
        	
                Ardent Mines Limited

              	
                Promissory
Note

              

      

       

    

    
      	
              9.  

            	
              This
      Note shall be governed by and construed under the laws of the State of
      incorporation of the Borrower as applied to agreements entered into and to
      be performed entirely within such State.  Each party hereby
      irrevocably consents to the jurisdiction of the courts of any competent
      jurisdiction over one or more of the parties.  In any such
      litigation the Borrower waives personal service of any summons, complaint
      or other process and agrees that the service thereof may be made by
      certified or registered mail directed to the registered corporate office
      of Borrower in the State of its incorporation. The Borrower hereby
      expressly waives trial by jury in any litigation in any court with respect
      to, in connection with, or arising out of this Note or the validity,
      protection, interpretation, collection or enforcement hereof and the
      Borrower hereby waives the right to interpose any setoff or non-compulsory
      counterclaim or cross-claim in connection with any such litigation,
      irrespective of the nature of such setoff, counterclaim or
      cross-claim.

            

    

    

    
      	
              10.  

            	
              A
      default shall exist on this Note if any of the following occurs and is
      continuing:  (i) Failure to pay Principal and any accrued
      Interest on the Note on or before the Due Date; (ii) Failure by the
      Borrower to perform or observe any other covenant or agreement of the
      Borrower contained in this Note; (iii) A custodian, receiver, liquidator
      or trustee of the Borrower, or any other person acting under actual or
      purported force of law takes ownership, possession or title to Borrower
      property; (iv) any of the property of the Borrower is sequestered by court
      order; (v) a petition or other proceeding, voluntary or otherwise is filed
      by or against the Borrower under any bankruptcy, reorganization,
      arrangement, insolvency, readjustment of indebtedness, dissolution or
      liquidation law of any jurisdiction, whether now or hereafter in effect;
      or (vi) the Borrower makes an assignment for the benefit of its creditors,
      or generally fails to pay its obligations as they become due, or consents
      to the appointment of or taking possession by a custodian, receiver,
      liquidator or trustee of the Borrower or all or any part of its
      property.  Upon any such default, the Borrower shall immediately
      notify the Lender, and upon notice to the Borrower, the Lender may declare
      the Principal of the Note, plus accrued Interest, to be immediately due
      and payable, upon which such Principal and accrued Interest shall become
      due and payable immediately.  Interest upon default shall
      thereafter accrue at the rate of 15% per annum, calculated based on a year
      of 365 days and actual days elapsed from the date of such
      default.

            

    

     

    
      	
              11.  

            	
              The
      Borrower, any endorser, or guarantor hereof or in the future (individually
      an “Obligor” and
      collectively “Obligors”) and each of
      them jointly and severally:  (a) waive presentment, demand,
      protest, notice of demand, notice of intent to accelerate, notice of
      acceleration of maturity, notice of protest, notice of nonpayment, notice
      of dishonor, and any other notice required to be given under the law to
      any Obligor in connection with the delivery, acceptance, performance,
      default or enforcement of this Note, any endorsement or guaranty of this
      Note, any pledge, security, guaranty or other documents executed in
      connection with this Note; (b) consent to all delays, extensions, renewals
      or other modifications of this Note, or waivers of any term hereof or
      thereof, or release or discharge by the Lender of any of Obligors, or
      release, substitution or exchange of any security for the payment hereof,
      or the failure to act on the part of the Lender or any indulgence shown by
      the Lender (without notice to or further assent from any of Obligors), and
      agree that no such action, failure to act or failure to exercise any right
      or remedy by the Lender shall in any way affect or impair the Obligations
      (as hereinafter defined) of any Obligors or be construed as a waiver by
      the Lender of, or otherwise affect, any of the Lender's rights under this
      Note, under any endorsement or guaranty of this Note; (c) if the Borrower
      fails to fulfill its obligations hereunder when due, agrees to pay, on
      demand, all costs and expenses of enforcement of collection of this Note
      or of any endorsement or guaranty hereof and/or the enforcement of the
      Lender's rights with respect to, or the administration, supervision,
      preservation, protection of, or realization upon, any property securing
      payment hereof, including, without limitation, all attorney's fees, costs,
      expenses and disbursements, including, without further limitation, any and
      all fees related to any legal proceeding, suit, mediation arbitration, out
      of court payment agreement, trial, appeal, bankruptcy proceedings or any
      other actions of any nature whatsoever required on the part of Lender or
      Lender’s representatives to enforce this Note and the rights hereunder;
      and (d) waive the right to interpose any defense, set-off or
      counterclaim of any nature or
description.

            

    

     

    
      
         

      

      
        Page 3 of
5

        
          

        

      

      
         

      

    

    
      
        	
                Ardent Mines Limited

              	
                Promissory
Note

              

      

       

    

    
      	
              12.  

            	
              The
      Borrower will not, by amendment of its Certificate of Incorporation or
      through any reorganization, recapitalization, transfer of assets,
      consolidation, merger, dissolution, issue or sale of securities or any
      other voluntary action, avoid or seek to avoid the observance or
      performance of any of the terms to be observed or performed hereunder by
      the Borrower, but will at all times in good faith assist in the carrying
      out of all the provisions of this Note and in the taking of all such
      action as may be necessary or appropriate in order to protect the rights
      of the Lender of this Note against impairment.  This Note shall
      be enforceable against all successors and assigns of
      Borrower.  Borrower hereby covenants that all of its
      subsidiaries and affiliates shall jointly and severally perform this Note
      to the same and full extent on behalf of Borrower if Borrower is unable to
      perform.

            

    

    

    
      	
              13.  

            	
              This
      Note supersedes all prior discussions and agreements between the parties
      with respect to the subject matter hereof and thereof and contains the
      sole and entire agreement between the parties hereto with respect to the
      subject matter hereof.

            

    

    

    
      	
              14.  

            	
              If
      the Lender loses this Note, the Borrower shall issue an identical
      replacement note to the Lender upon the Lender's delivery to the Borrower
      of a customary agreement to indemnify the Borrower reasonably satisfactory
      to the Borrower for any losses resulting from issuance of the replacement
      note.

            

    

    

    
      	
              15.  

            	
              The
      terms and conditions of this Note shall inure to the benefit of and be
      binding upon the respective successors and assigns of the
      parties.  Nothing in this Note, express or implied, is intended
      to confer upon any party other than the parties hereto or their respective
      successors and assigns any rights, remedies, obligations, or liabilities
      under or by reason of this Note, except as expressly provided in this
      Note.

            

    

    

    [Signature
Page Follows]

     

    
      
         

      

      
        Page 4 of
5

        
          

        

      

      
         

      

    

    
      
        	
                Ardent Mines Limited

              	
                Promissory
Note

              

      

    

     

    IN
WITNESS WHEREOF, the Borrower has caused this Note to be dated, executed and
issued on its behalf, by its duly appointed and authorized officer, as of the
date first above written.

     

    
      
        
          
            	Ardent
      Mines Limited	 
      
	 
      	 
      	 
      
	
                    By:

                  	
                    /s/ Leonardo
      Riera

                  	 
      
	 
      	
                    Name: Leonardo
      Riera

                  	 
      
	 
      	
                    Title:  
      President and CEO

                  	 
      
	 
      	 
      	 
      

          

        

      

    

     

    
      
        
        

      

    

    
      
        
          
             

            
              	      
                      Lender:  CRG
      Finance AG

                    	 
      
	 
      	 
      	 
      
	
                      By:

                    	
                      /s/ Sergei
      Stetsenko

                    	 
      
	 
      	
                      Name:
      Sergei Stetsenko 

                    	 
      
	 
      	
                      Title:  
      President and CEO

                    	 
      
	 
      	 
      	 
      

            

          

        

      

      
 

    

    
      
         

      

      
        Page 5 of
5EXHIBIT
10.2

     

    SUBSCRIPTION
AGREEMENT

    

    Universal
Gold Mining Corp. (f/k/a Federal Sports & Entertainment, Inc.)

    c/o
Gottbetter & Partners LLP

    488
Madison Avenue, 12th
Floor

    New York,
New York  10022

    

    This
Subscription Agreement (this “Agreement”)
has been executed by the subscriber set forth on the signature page attached
hereto (the “Subscriber”)
in connection with the private placement offering (the “Offering”)
of a minimum of 625,000 shares of common stock, par value $0.001 per share (the
“Shares”),
and a maximum of 6,250,000 Shares, plus up to an additional 2,500,000 Shares to
cover over-allotments, issued by Universal Gold Mining Corp., a Nevada
Corporation formerly known as “Federal Sports & Entertainment, Inc.” (the
“Company”),
at a purchase price of $0.40 per Share.  This subscription is being
submitted to you in accordance with and subject to the terms and conditions
described in this Agreement and the term sheet of the Company attached hereto as
Exhibit A (the
“Term
Sheet”), relating to the Offering.

     

    The
Shares being subscribed for pursuant to this Agreement have not been registered
under the Securities Act of 1933, as amended (the “Securities
Act”).  The Offering is being made on a “best efforts” basis to
“accredited investors,” as defined in Regulation D under the Securities Act, and
to non-“U.S. persons,” as defined in Regulation S under the Securities
Act.  The Company reserves the right, in its sole discretion and for
any reason, to reject any Subscriber’s subscription in whole or in part, or to
allot less than the number of Shares subscribed for.

     

    The
undersigned Subscriber acknowledges receipt of a copy of the Registration Rights
Agreement, substantially in the form of Exhibit B hereto (the
“Registration
Rights Agreement”).

     

    The
closing of the Offering (the “Closing;”
and the date on which such Closing occurs hereinafter referred to as the “Closing
Date”) shall be at the offices of Gottbetter & Partners, LLP, at 488
Madison Avenue, New York, New York 10022 (or such other place as is mutually
agreed to by the Company).  The Company may conduct an initial closing
for the sale of the Shares once the minimum offering amount has been subscribed
for.  Thereafter, the Company may consummate multiple closings for the
sale of the Shares until the termination of the Offering.  The
Offering shall continue until the termination of the Offering.  The
Offering shall continue until October 31, 2010, which date may be extended until
November 30, 2010 by the Company.

     

    1.           Subscription.  The
undersigned Subscriber hereby subscribes to purchase the number of Shares set
forth on the signature page attached hereto, at an aggregate price as set forth
on such signature page (the “Purchase
Price”), subject to the terms and conditions of this Agreement and on the
basis of the representations, warranties, covenants and agreements contained
herein.

     

    2.           Subscription
Procedure.  To complete a subscription for the Shares, the
Subscriber must fully comply with the subscription procedure provided in this
Section on or before the Closing Date.

     

    a.           Transaction
Documents.  On or before the Closing Date, the Subscriber shall
review, complete and execute the Omnibus Signature Page to this Agreement, the
Anti-Money Laundering Form following the Omnibus Signature Page and the Investor
Certification, attached hereto as Appendix A
(collectively, the “Transaction Documents”), and deliver the Transaction
Documents to the Company’s attorneys, Gottbetter & Partners, LLP
(“G&P”), at the address listed on the instruction sheet
below.  Executed documents may be delivered to G&P by facsimile or
electronic mail (e-mail), if the Subscriber delivers the original copies of the
documents to G&P as soon as practicable thereafter.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    b.           Purchase Price.  Simultaneously
with the delivery of the Transaction Documents to G&P as provided herein,
and in any event on or prior to the Closing Date, the Subscriber shall deliver
to G&P, in its capacity as escrow agent (the “Escrow
Agent”), the full Purchase Price by check or by wire transfer of
immediately available funds pursuant to the instructions set forth under the
caption “How to subscribe for Shares in the private offering of Universal Gold
Mining Corp.:” below.

     

    c.           Company
Discretion.  The Subscriber understands and agrees that the
Company in its sole discretion reserves the right to accept or reject this or
any other subscription for Shares, in whole or in part.  The Company
shall have no obligation hereunder until the Company shall execute and deliver
to the Subscriber an executed copy of this Agreement.  If this
subscription is rejected in whole, or the offering of Shares is terminated, all
funds received from the Subscriber will be returned without interest or offset,
and this Agreement shall thereafter be of no further force or
effect.  If this subscription is rejected in part, the funds for the
rejected portion of this subscription will be returned without interest or
offset, and this Agreement will continue in full force and effect to the extent
this subscription was accepted.

     

    d.           No
Trading.  The Subscriber represents and warrants to the Company
that neither the Subscriber nor any of its affiliates has directly or indirectly
traded any securities of the Company, including without limitation, making any
short sales or engaging in any hedging transaction with respect to such
securities (collectively, “Prohibited
Transactions”), since becoming aware of the
Offering.  Furthermore, Subscriber shall not engage in any Prohibited
Transactions through the final Closing Date.

     

    3.           Representations and Warranties of the
Company.  The Company hereby represents and warrants to the
Subscriber the following:

     

    a.           Organization and
Qualification.  The Company is a corporation duly organized and
validly existing under the laws of the State of Nevada.  The Company
has all requisite power and authority to carry on its business as currently
conducted, other than such failures that would not reasonably be expected to
have a material adverse effect on the Company’s business, properties or
financial condition (a “Material
Adverse Effect”).  The Company is duly qualified to transact
business in each jurisdiction in which the failure to be so qualified would
reasonably be expected to have a Material Adverse Effect.

     

    b.           Authorization.  As
of the Closing, all action on the part of the Company, its board of directors,
officers and existing stockholders necessary for the authorization, execution
and delivery of this Agreement and the Registration Rights Agreement and the
performance of all obligations of the Company to be performed on or prior to
Closing hereunder and thereunder shall have been taken, and this Agreement and
the Registration Rights Agreement, assuming due execution by the parties hereto
and thereto, will constitute valid and legally binding obligations of the
Company, enforceable in accordance with their respective terms, subject to: (i)
judicial principles limiting the availability of specific performance,
injunctive relief, and other equitable remedies and (ii) bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect
generally relating to or affecting creditors’ rights.

    

    c.           Valid Issuance of the Common
Stock.  The Shares, when issued, sold and delivered in
accordance with the terms of this Agreement for the consideration expressed
herein, shall be duly and validly issued and will be free of restrictions on
transfer directly or indirectly created by the Company other than restrictions
on transfer under this Agreement and the Registration Rights Agreement and under
applicable federal and state securities laws.

    

    d.           Governmental
Consents.  No consent, approval, order or authorization of, or
registration, qualification, designation, declaration or filing with, any
federal, state or local governmental authority on the part of the Company is
required in connection with the offer, sale or issuance of the Shares, except
for the following: (i) the filing of such notices as may be required under the
Securities Act and (ii) the compliance with any applicable state securities
laws, which compliance will have occurred within the appropriate time periods
therefor.

    

    e.           Litigation.  There
are no actions, suits, proceedings or investigations pending or, to the best of
the Company’s knowledge, threatened before any court, administrative agency or
other governmental body against the Company which question the validity of this
Agreement or the Registration Rights Agreement or the right of the Company to
enter into either of them, or to consummate the transactions contemplated hereby
or thereby, or which would reasonably be expected to have a Material Adverse
Effect.  The Company is not a party or subject to, and none of its
assets is bound by, the provisions of any order, writ, injunction, judgment or
decree of any court or government agency or instrumentality which would
reasonably be expected to have a Material Adverse Effect.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    f.      
     Compliance with Other
Instruments.  The Company is not in violation or default of any
provision of its Articles of Incorporation, as in effect immediately prior to
the Closing, except for such failures as would not reasonably be expected to
have a Material Adverse Effect. The Company is not in violation or default of
any provision of any material instrument, mortgage, deed of trust, loan,
contract, commitment, judgment, decree, order or obligation to which it is a
party or by which it or any of its properties or assets are bound which would
reasonably be expected to have a Material Adverse Effect.  To the best
of its knowledge, the Company is not in violation or default of any provision of
any federal, state or local statute, rule or governmental regulation which would
reasonably be expected to have a Material Adverse Effect.  The
execution, delivery and performance of and compliance with this Agreement and
the Registration Rights Agreement and the issuance and sale of the Shares, will
not result in any such violation, be in conflict with or constitute, with or
without the passage of time or giving of notice, a default under any such
provision, require any consent or waiver under any such provision (other than
any consents or waivers that have been obtained), or result in the creation of
any mortgage, pledge, lien, encumbrance or charge upon any of the properties or
assets of the Company pursuant to any such provision.

    

    g.           Certain Registration
Matters.  Assuming the accuracy of the Subscriber’s
representations and warranties set forth in this Agreement and the Transaction
Documents, and the representations and warranties made by all other purchasers
of Shares in the Offering, no registration under the Securities Act is required
for the offer and sale of the Shares by the Company to the Subscriber
hereunder.

    

    h.           No General
Solicitation.  Neither the Company nor any person acting on
behalf of the Company has offered or sold any of the Shares by any form of
general solicitation or general advertising (within the meaning of Regulation
D).

    

    4.           Representations and Warranties of the
Subscriber.  The Subscriber represents and warrants to the
Company the following:

     

    a.           The
Subscriber, its advisers, if any, and designated representatives, if any, have
the knowledge and experience in financial and business matters necessary to
evaluate the merits and risks of its prospective investment in the Company, and
have carefully reviewed and understand the risks of, and other considerations
relating to, the purchase of Shares and the tax consequences of the investment,
and have the ability to bear the economic risks of the investment.

     

    b.           The
Subscriber is acquiring the Shares for investment for its own account and not
with the view to, or for resale in connection with, any distribution
thereof.  The Subscriber understands and acknowledges that the Shares
have not been registered under the Securities Act or any state securities laws,
by reason of a specific exemption from the registration provisions of the
Securities Act and applicable state securities laws, which depends upon, among
other things, the bona fide nature of the investment intent as expressed
herein.  The Subscriber further represents that it does not have any
contract, undertaking, agreement or arrangement with any person to sell,
transfer or grant participation to any third person with respect to any of the
Shares.  The Subscriber understands and acknowledges that the offering
of the Shares pursuant to this Agreement will not be registered under the
Securities Act nor under the state securities laws on the ground that the sale
provided for in this Agreement and the issuance of securities hereunder is
exempt from the registration requirements of the Securities Act and any
applicable state securities laws.

     

    c.           The
Subscriber understands that an active public market for the Company’s common
stock does not now exist and that there may never be an active public market for
the Shares.  The Subscriber further acknowledges that the Company is a
former “shell company” as defined by the Securities Act, and it filed “Form 10
Information” (as defined in Rule 144(i)) with the SEC reflecting that it is no
longer a shell company on June 22, 2010.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    d.           The
Subscriber, its advisers, if any, and designated representatives, if any, have
received and reviewed information about the Company and have had an opportunity
to discuss the Company’s business, management and financial affairs with its
management.  The Subscriber understands that such discussions, as well
as any written information provided by the Company, were intended to describe
the aspects of the Company’s business and prospects which the Company believes
to be material, but were not necessarily a thorough or exhaustive description,
and except as expressly set forth in this Agreement, the Company makes no
representation or warranty with respect to the completeness of such information
and makes no representation or warranty of any kind with respect to any
information provided by any entity other than the Company.  Some of
such information may include projections as to the future performance of the
Company, which projections may not be realized, may be based on assumptions
which may not be correct and may be subject to numerous factors beyond the
Company’s control.  Additionally, the Subscriber understands and
represents that he is purchasing the Shares notwithstanding the fact that the
Company may disclose in the future certain material information the Subscriber
has not received, including financial statements for recently acquired or to be
acquired businesses.

     

    e.           As
of the Closing, all action on the part of Subscriber, and its officers,
directors and partners, if applicable, necessary for the authorization,
execution and delivery of this Agreement and the Registration Rights Agreement
and the performance of all obligations of the Subscriber hereunder and
thereunder shall have been taken, and this Agreement and the Registration Rights
Agreement, assuming due execution by the parties hereto and thereto, constitute
valid and legally binding obligations of the Subscriber, enforceable in
accordance with their respective terms, subject to: (i) judicial principles
limiting the availability of specific performance, injunctive relief, and other
equitable remedies and (ii) bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect generally relating to or
affecting creditors’ rights.

     

    f.           The
Subscriber either (i) is an “accredited investor” as defined in Rule 501 of
Regulation D as promulgated by the Securities and Exchange Commission under the
Securities Act or (ii) is not a “U.S. Person” as defined in Regulation S as
promulgated by the Securities and Exchange Commission under the Securities Act,
and, in each case, shall submit to the Company such further assurances of such
status as may be reasonably requested by the Company.

     

    g.           The
Subscriber, if a non-U.S. Person, agrees that it is acquiring the Shares in an
offshore transaction pursuant to Regulation S and hereby represents to the
Company as follows:

     

    (i)           The
Subscriber is outside the United States when receiving and executing this
Subscription Agreement;

     

    (ii)          The
Subscriber has not acquired the Shares as a result of, and will not itself
engage in, any “directed selling efforts” (as defined in Regulation S) in the
United States in respect of the Shares which would include any activities
undertaken for the purpose of, or that could reasonably be expected to have the
effect of, conditioning the market in the United States for the resale of the
Shares; provided, however, that the Subscriber may sell or otherwise dispose of
the Shares pursuant to registration of the Shares under the Securities Act and
any applicable state and provincial securities laws or under an exemption from
such registration requirements and as otherwise provided herein;

     

    (iii)         The
Subscriber understands and agrees that offers and sales of any of the Shares
prior to the expiration of a period of one year after the date of transfer of
the Shares under this Subscription Agreement (the “Distribution
Compliance Period”), shall only be made in compliance with the safe
harbor provisions set forth in Regulation S, pursuant to the registration
provisions of the Securities Act or an exemption therefrom, and that all offers
and sales after the Distribution Compliance Period shall be made only in
compliance with the registration provisions of the Securities Act or an
exemption therefrom, and in each case only in accordance with all applicable
securities laws;

     

    (iv)        The
Subscriber understands and agrees not to engage in any hedging transactions
involving the Shares prior to the end of the Distribution Compliance Period
unless such transactions are in compliance with the Securities Act;
and

     

    (v)         The
Subscriber hereby represents that it has satisfied itself as to the full
observance of the laws of its jurisdiction in connection with any invitation to
subscribe for the Shares or any use of this Subscription Agreement, including:
(a) the legal requirements within its jurisdiction for the purchase of the
Shares; (b) any foreign exchange restrictions applicable to such purchase; (c)
any governmental or other consents that may need to be obtained; and (d) the
income tax and other tax consequences, if any, that may be relevant to the
purchase, holding, redemption, sale or transfer of the Shares. Such Subscriber’s
subscription and payment for, and its continued beneficial ownership of the
Shares, will not violate any applicable securities or other laws of the
Subscriber’s jurisdiction.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    h.           Subscriber
represents that neither it nor, to its knowledge, any person or entity
controlling, controlled by or under common control with it, nor any person
having a beneficial interest in it, nor any person on whose behalf the
Subscriber is acting: (i) is a person listed in the Annex to Executive Order No.
13224 (2001) issued by the President of the United States (Executive Order
Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten
to Commit, or Support Terrorism); (ii) is named on the List of Specially
Designated Nationals and Blocked Persons maintained by the U.S. Office of
Foreign Assets Control; (iii) is a non-U.S. shell bank or is providing banking
services indirectly to a non-U.S. shell bank; (iv) is a senior non-U.S.
political figure or an immediate family member or close associate of such
figure; or (v) is otherwise prohibited from investing in the Company pursuant to
applicable U.S. anti-money laundering, anti-terrorist and asset control laws,
regulations, rules or orders (categories (i) through (v), each a “Prohibited Subscriber”). The
Subscriber agrees to provide the Company, promptly upon request, all information
that the Company reasonably deems necessary or appropriate to comply with
applicable U.S. anti-money laundering, anti-terrorist and asset control laws,
regulations, rules and orders. The Subscriber consents to the disclosure to U.S.
regulators and law enforcement authorities by the Company and its affiliates and
agents of such information about the Subscriber as the Company reasonably deems
necessary or appropriate to comply with applicable U.S. antimony laundering,
anti-terrorist and asset control laws, regulations, rules and orders. If the
Subscriber is a financial institution that is subject to the USA Patriot Act,
the Subscriber represents that it has met all of its obligations under the USA
Patriot Act. The Subscriber acknowledges that if, following its investment in
the Company, the Company reasonably believes that the Subscriber is a Prohibited
Subscriber or is otherwise engaged in suspicious activity or refuses to promptly
provide information that the Company requests, the Company has the right or may
be obligated to prohibit additional investments, segregate the assets
constituting the investment in accordance with applicable regulations or
immediately require the Subscriber to transfer the Shares.  The
Subscriber further acknowledges that the Subscriber will have no claim against
the Company or any of its affiliates or agents for any form of damages as a
result of any of the foregoing actions.

     

    i.       
    The Subscriber or its duly authorized representative
realizes that because of the inherently speculative nature of businesses of the
kind conducted and contemplated by the Company, the Company’s financial results
may be expected to fluctuate from month to month and from period to period and
will, generally, involve a high degree of financial and market risk that could
result in substantial or, at times, even total losses for investors in
securities of the Company.

     

    j.     
      The Subscriber has adequate means of
providing for its current and anticipated financial needs and contingencies, is
able to bear the economic risk for an indefinite period of time and has no need
for liquidity of the investment in the Shares and could afford complete loss of
such investment.

     

    k.           The
Subscriber is not subscribing for the Shares as a result of or subsequent to any
advertisement, article, notice or other communication, published in any
newspaper, magazine or similar media or broadcast over television, radio, or the
internet, or presented at any seminar or meeting, or any solicitation of a
subscription by a person not previously known to the Subscriber in connection
with investments in securities generally.

     

    l.      
     All of the information that the Subscriber has
heretofore furnished or which is set forth herein is correct and complete as of
the date of this Agreement, and, if there should be any material change in such
information prior to the admission of the undersigned to the Company, the
Subscriber will immediately furnish revised or corrected information to the
Company.

     

    5.           Transfer
Restrictions.  The Subscriber acknowledges and agrees as
follows:

     

    a.           The
Shares have not been registered for sale under the Securities Act, in reliance
on the private offering exemption in Section 4(2) thereof; the Company does not
intend to register the Shares under the Securities Act at any time in the
future, except to the extent required by the Registration Rights
Agreement.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    b.           The
Subscriber understands that the certificates representing the Shares, until such
time as they have been registered under the Securities Act, shall bear a
restrictive legend in substantially the following form (and a stop-transfer
order may be placed against transfer of such certificates or other
instruments):

    

    For U.S.
Persons:

    

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS,
AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD,
PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT
WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE
COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH
COUNSEL AND OPINION ARE SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE
OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE
SECURITIES LAWS.

    

    
      	
               
      

            	
              For
      Non-U.S. Persons:

            

    

     

    THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S.
PERSONS (AS DEFINED IN REGULATION S) PURSUANT TO REGULATION S UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE
1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY
BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S.
PERSONS EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT, AND IN EACH CASE ONLY IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933
ACT.

     

    The
legend(s) set forth above shall be removed and the Company shall issue a
certificate without such legend to the holder of the Shares upon which it is
stamped, if (a) such Shares are sold pursuant to a registration statement
under the Securities Act, or (b) such holder delivers to the Company an
opinion of counsel, reasonably acceptable to the Company, that a disposition of
the Shares is being made pursuant to an exemption from such registration and
that the Shares, after such transfer, shall no longer be “restricted securities”
within the meaning of Rule 144.

     

    c.           The
Company was, until recently, a “shell company” as defined in Rule 12b-2 under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 
Pursuant to Rule 144(i), securities issued by a current or former shell company
(that is, the Shares) that otherwise meet the holding period and other
requirements of Rule 144 nevertheless cannot be sold in reliance on Rule 144
until one year after the Company (a) is no longer a shell company; and (b) has
filed current “Form 10 information“ (as defined in Rule 144(i)) with the SEC
reflecting that it is no longer a shell company, and provided that at the time
of a proposed sale pursuant to Rule 144, the Company is subject to the reporting
requirements of section 13 or 15(d) of the Exchange Act and has filed all
reports and other materials required to be filed by section 13 or 15(d) of the
Exchange Act, as applicable, during the preceding 12 months (or for such shorter
period that the issuer was required to file such reports and materials), other
than Form 8-K reports.  As a result, the restrictive legends on
certificates for the Shares cannot be removed except in connection with an
actual sale meeting the foregoing requirements or pursuant to an effective
registration statement.

     

    d.           No
governmental agency has passed upon the Shares or made any finding or
determination as to the wisdom of any investments therein.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    e.           There
are substantial restrictions on the transferability of the Shares, and if the
Company decides to issue certificates representing the Shares, restrictive
legends will be placed on any such certificates.

    

    6.           Indemnification.  The
Subscriber agrees to indemnify and hold harmless the Company, any placement
agents for the Offering, and their respective officers, directors, employees,
agents, control persons and affiliates from and against all losses, liabilities,
claims, damages, costs, fees and expenses whatsoever (including, but not limited
to, any and all expenses incurred in investigating, preparing or defending
against any litigation commenced or threatened) based upon or arising out of any
actual or alleged false acknowledgment, representation or warranty, or
misrepresentation or omission to state a material fact, or breach by the
Subscriber of any covenant or agreement made by the Subscriber herein or in any
other document delivered in connection with this Agreement.

     

    7.           Irrevocability; Binding
Effect.  The Subscriber hereby acknowledges and agrees that the
subscription hereunder is irrevocable by the Subscriber, except as required by
applicable law, and that this Agreement shall survive the death or disability of
the Subscriber and shall be binding upon and inure to the benefit of the parties
and their heirs, executors, administrators, successors, legal representatives
and permitted assigns.  If the Subscriber is more than one person, the
obligations of the Subscriber hereunder shall be joint and several and the
agreements, representations, warranties and acknowledgments herein shall be
deemed to be made by and be binding upon each such person and such person’s
heirs, executors, administrators, successors, legal representatives and
permitted assigns.

    

    8.           Modification.  This
Agreement shall not be modified or waived except by an instrument in writing
signed by the party against whom any such modification or waiver is
sought.

     

    9.           Notices.  Any notice
or other communication required or permitted to be given hereunder shall be in
writing and shall be mailed by certified mail, return receipt requested, or
delivered against receipt to the party to whom it is to be given (a) if to the
Company, at the address set forth above, or (b) if to the Subscriber, at the
address set forth on the signature page hereof (or, in either case, to such
other address as the party shall have furnished to the other in writing in
accordance with the provisions of this Section 10).  Any notice or
other communication given by certified mail shall be deemed given at the time of
certification thereof, except for a notice changing a party’s address which
shall be deemed given at the time of receipt thereof.

    

    10.         Assignability.  This
Agreement and the rights, interests and obligations hereunder are not
transferable or assignable by the Subscriber and the transfer or assignment of
the Shares shall be made only in accordance with all applicable
laws.

    

    11.         Applicable
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without reference to the
principles thereof relating to the conflict of laws.

     

    12.         Arbitration.  The
parties agree to submit all controversies to arbitration in accordance with the
provisions set forth below and understand that:

    

    (a)         Arbitration
is final and binding on the parties.

    

    (b)         The
parties are waiving their right to seek remedies in court, including the right
to a jury trial.

    

    (c)      
   Pre-arbitration discovery is generally more limited and
different from court proceedings.

    

    (d)         The
arbitrator’s award is not required to include factual findings or legal
reasoning and any party’s right to appeal or to seek modification of rulings by
arbitrators is strictly limited.

    

    (e)   
      The panel of arbitrators will typically
include a minority of arbitrators who were or are affiliated with the securities
industry.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (f)          All
controversies which may arise between the parties concerning this Agreement
shall be determined by arbitration pursuant to the rules then pertaining to the
Financial Industry Regulatory Authority in New York City, New
York.  Judgment on any award of any such arbitration may be entered in
the Supreme Court of the State of New York or in any other court having
jurisdiction of the person or persons against whom such award is
rendered.  Any notice of such arbitration or for the confirmation of
any award in any arbitration shall be sufficient if given in accordance with the
provisions of this Agreement.  The parties agree that the
determination of the arbitrators shall be binding and conclusive upon
them.

    

    13.     
    Blue
Sky Qualification.  The purchase of Shares under this Agreement
is expressly conditioned upon the exemption from qualification of the offer and
sale of the Shares from applicable federal and state securities
laws.  The Company shall not be required to qualify this transaction
under the securities laws of any jurisdiction and, should qualification be
necessary, the Company shall be released from any and all obligations to
maintain its offer, and may rescind any sale contracted, in the
jurisdiction.

    

    14.    
     Use of
Pronouns.  All pronouns and any variations thereof used herein
shall be deemed to refer to the masculine, feminine, neuter, singular or plural
as the identity of the person or persons referred to may require.

    

    15.     
    Confidentiality.  The
Subscriber acknowledges and agrees that any information or data the Subscriber
has acquired from or about the Company or may acquire in the future, not
otherwise properly in the public domain, including, without limitation, the Term
Sheet, was received in confidence.  The Subscriber agrees not to
divulge, communicate or disclose, except as may be required by law or for the
performance of this Agreement, or use to the detriment of the Company or for the
benefit of any other person, or misuse in any way, any confidential information
of the Company, including any scientific, technical, trade or business secrets
of the Company and any scientific, technical, trade or business materials that
are treated by the Company as confidential or proprietary, including, but not
limited to, internal personnel and financial information of the Company or its
affiliates, information regarding oil and gas properties, the manner and methods
of conducting the business of the Company or its affiliates and confidential
information obtained by or given to the Company about or belonging to third
parties.  The Subscriber understands that the Company may rely on his
agreement of confidentiality to comply with the exemptive provisions of
Regulation FD under the Securities Act as set forth in Rule 100(a)(b)(2)(ii) of
Regulation FD.  In addition, the Subscriber acknowledges that he is
aware that the United States securities laws generally prohibit any person who
is in possession of material nonpublic information about a public company such
as the Company from purchasing or selling securities of such
company.

    

    16.       
  Miscellaneous.

    

    (a)      
   This Agreement, together with the Registration Rights
Agreement constitute the entire agreement between the Subscriber and the Company
with respect to the Offering and supersede all prior oral or written agreements
and understandings, if any, relating to the subject matter
hereof.  The terms and provisions of this Agreement may be waived, or
consent for the departure therefrom granted, only by a written document executed
by the party entitled to the benefits of such terms or provisions.

    

    (b)       
  The representations and warranties of the Company and the Subscriber
made in this Agreement shall survive the execution and delivery hereof and
delivery of the Shares.

    

    (c)          Each
of the parties hereto shall pay its own fees and expenses (including the fees of
any attorneys, accountants, appraisers or others engaged by such party) in
connection with this Agreement and the transactions contemplated hereby, whether
or not the transactions contemplated hereby are consummated.

    

    (d)          This
Agreement may be executed in one or more original or facsimile counterparts,
each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument.

    

    (e)          Each
provision of this Agreement shall be considered separable and, if for any reason
any provision or provisions hereof are determined to be invalid or contrary to
applicable law, such invalidity or illegality shall not impair the operation of
or affect the remaining portions of this Agreement.

    

    (f) 
         Paragraph titles are for
descriptive purposes only and shall not control or alter the meaning of this
Agreement as set forth in the text.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    (g)           The
Subscriber understands and acknowledges that there may be multiple Closings for
the Offering.

    

    (h)           The
Subscriber hereby agrees to furnish the Company such other information as the
Company may request prior to the Closing with respect to its subscription
hereunder.

    

    17.           Omnibus Signature
Page.  This Agreement is intended to be read and construed in
conjunction with the Registration Rights Agreement pertaining to the issuance by
the Company of the Shares to subscribers in the
Offering.  Accordingly, pursuant to the terms and conditions of this
Agreement and such related agreement, it is hereby agreed that the execution by
the Subscriber of this Agreement, in the place set forth herein, shall
constitute agreement to be bound by the terms and conditions hereof and the
terms and conditions of the Registration Rights Agreement as a “Purchaser”
thereunder, with the same effect as if each of such separate but related
agreement were separately signed.

     

    18.           Public
Disclosure.  Neither the Subscriber nor any officer, manager,
director, member, partner, stockholder, employee, affiliate, affiliated person
or entity of the Subscriber shall make or issue any press releases or otherwise
make any public statements or make any disclosures to any third person or entity
with respect to the transactions contemplated herein and will not make or issue
any press releases or otherwise make any public statements of any nature
whatsoever with respect to the Company without the Company’s express prior
approval.  The Company has the right to withhold such approval in its
sole discretion.

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    How
to subscribe for Shares in the private offering of

    Universal Gold Mining
Corp.:

    

    
      	
              1.

            	
              Date and Fill in the
      number of Shares being
      purchased and Complete
      and Sign the Omnibus Signature
Page.

            

    

    

    
      	
              2.

            	
              Initial the Investor
      Certification page.

            

    

    

    
      	
              3.

            	
              Fax or email all forms and
      then send all signed original documents
to:

            

    

    

    Gottbetter
& Partners, LLP

    488
Madison Avenue, 12th Floor

    New York,
NY  10022

    Facsimile
Number:  (212) 400-6901

    Telephone
Number:  (212) 400-6900

    Attn:  Haley
M. Sapp

    E-mail
Address:  hms@gottbetter.com

    

    
      	
              4.

            	
              If
      you are paying the Purchase Price by check, a check for the
      exact dollar amount of the Purchase Price for the number of Shares you are
      offering to purchase should be made payable to the order of “Gottbetter & Partners, LLP,
      Escrow Agent for UNIVERSAL GOLD MINING CORP.” and should sent to Gottbetter
      & Partners, LLP, 488 Madison Avenue, 12th Floor, New York, New
      York 10022.

            

    

    

    
      	
              5.

            	
              If
      you are paying the Purchase Price by wire transfer, you should send
      a wire transfer for the exact dollar amount of the Purchase Price for the
      number of Shares you are offering to purchase according to the following
      instructions:

            

    

    

    
      
        
          
            	
                    Bank:

                     

                  	 
      	
                    Citibank,
      N.A.

                    330
      Madison Ave.

                    New
      York, NY 10017.

                  
	
                    ABA
      Routing #:

                  	 
      	
                    021000089

                  
	 
      	 
      	 
      
	
                    SWIFT
      CODE:

                  	 
      	
                    CITIUS33

                  
	 
      	 
      	 
      
	
                    Account
      Name:

                  	 
      	
                    Gottbetter
      & Partners, LLP Attorney Trust

                  
	 
      	 
      	 
      
	
                    Account
      #:

                  	 
      	
                    9951660945

                  
	 
      	 
      	 
      
	
                    Reference:

                  	 
      	
                    “Universal
      Gold Mining Corp. – [insert Subscriber’s name]”

                  
	 
      	 
      	 
      
	
                    G&P
      Contact:

                  	 
      	
                    Vincent
      DiPaola; telephone: (212) 400-6900;

                    e-mail:
      vdp@gottbetter.com

                  

          

        

      

    

    

    Thank you
for your interest,

    

    Universal
Gold Mining Corp.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    UNIVERSAL
GOLD MINING CORP.

    OMNIBUS
SIGNATURE PAGE TO

    SUBSCRIPTION
AGREEMENT AND

    REGISTRATION
RIGHTS AGREEMENT

     

    IN
WITNESS WHEREOF, the Subscriber hereby executes this Subscription Agreement and
the Registration Rights Agreement.

     

    Dated:                                                      ,
2010

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      	
                                                              SUBSCRIBER
      (individual)

                                                            	 
      	
                                                              SUBSCRIBER
      (entity)

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              Signature

                                                            	 
      	
                                                              Name
      of Entity

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              Print
      Name

                                                            	 
      	
                                                              Signature

                                                            
	 
      	 
      	 
      
	 
      	 
      	
                                                              Print Name:

                                                            	 
      
	
                                                              Signature
      (if Joint Tenants or Tenants in Common)

                                                            	 
      	 
      
	 
      	 
      	
                                                              Title:

                                                            	 
      
	 	 	 
	
                                                              Address
      of Principal Residence:

                                                            	 
      	
                                                              Address
      of Executive Offices:

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              Social
      Security Number(s):

                                                            	 
      	
                                                              IRS
      Tax Identification Number:

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              Telephone
      Number:

                                                            	 
      	
                                                              Telephone
      Number:

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              Facsimile
      Number:

                                                            	 
      	
                                                              Facsimile
      Number:

                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                              E-mail
      Address:

                                                            	 
      	
                                                              E-mail
      Address:

                                                            
	 
      	 
      	 
      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
            	______________________	
                    X

                  	
                    $0.40                             
      

                  	
                    =

                  	
                    $__________________________

                  
	
                    Number
      of Shares

                  	 
      	
                    Price
      per Shares

                  	 
      	
                    Purchase
      Price

                  

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    UNIVERSAL
GOLD MINING CORP.

     

    IN
WITNESS WHEREOF, the Company has duly executed this Subscription Agreement with
respect to ______________ Shares as of the ___ day of ____________,
2010.

     

    
      
        
          	
                  UNIVERSAL
      GOLD MINING CORP.

                
	 
      	 
      
	
                  By:

                	 
      
	 
      	
                  Name:  David
      Rector

                
	 
      	
                  Title:  Chief
      Executive Officer

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Universal Gold Mining
Corp.

    

    ANTI-MONEY
LAUNDERING INFORMATION FORM

    (Please
fill out and return with requested documentation.)

    

    The following is required in
accordance with the AML provision of the USA PATRIOT ACT.

    

    
      
        
          
            
              
                
                  
                    	
                            INVESTOR
      NAME:

                          	 
      
	 
      	 
      
	
                            LEGAL
      ADDRESS:

                          	 
      
	 
      	 
      
	 
      	 
      
	 
	
                            SS#
      or TAX ID#

                          
	
                            of
      INVESTOR:

                          	 
      

                  

                

              

            

          

        

      

    

    

    IDENTIFICATION,
DOCUMENTATION AND SOURCE OF FUNDS:

    

    
      	
              1.

            	
              Please
      submit a copy of a non-expired identification for the authorized
      signatory(ies) on the investment documents, showing name, date of birth
      and signature:

            

    

    

    
      	
              Current
      Driver’s License

            	
              or

            	
              Valid
      Passport

            	
              or

            	
              Identity
      Card

            

    

    
      	
               
      

            	
              (Circle
      one or more)

            

    

    

    
      	
              2.

            	
              If
      the Investor is a corporation, please submit the following corporate
      documents:

            

    

    (i)
Articles of Incorporation (or similar); (ii) Corporate Resolution granting
authority to signatory(ies) and designating that they are permitted to make the
proposed investment.

    

    
      	
              3.

            	
              Please
      advise where the funds were derived from to make the proposed
      investment:

            

    

    

    
      	
              Investments

            	
              Savings

            	
              Proceeds
      of Sale

            	
              Other
      ____________

            

    

    (Circle
one or more)

    

    
      
        	
                Signature:

              	  

      

    

    

    
      
        	
                Print Name:

              	  

      

    

    

    
      
        
          	
                  Title (if applicable):

                	  

        

      

    

    

    
      
        	
                Date:

              	  

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    UNIVERSAL
GOLD MINING CORP.

    INVESTOR
CERTIFICATION

    

    For
Individual Accredited Investors Only

    (all
Individual Accredited Investors must INITIAL where
appropriate):

    

    
      
        
          	
                  Initial
      _______

                	 
      	
                  I
      have a net worth (including home, furnishings and automobiles) in excess
      of $1,000,000 either individually or through aggregating my individual
      holdings and those in which I have a joint, community property or other
      similar shared ownership interest with my spouse.

                
	
                  Initial
      _______

                	 
      	
                  I
      have had an annual gross income for the past two years of at least
      $200,000 (or $300,000 jointly with my spouse) and expect my income (or
      joint income, as appropriate) to reach the same level in the current
      year.

                
	 
      	 
      	 
      
	
                  For Non-Individual
      Accredited Investors

                
	
                  (all Non-Individual
      Accredited Investors must INITIAL where
      appropriate):

                
	 
      	 
      	 
      
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is a partnership, corporation, limited
      liability company or business trust that is 100% owned by persons who meet
      at least one of the criteria for Individual Investors set forth
      above.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is a partnership, corporation, limited
      liability company or business trust that has total assets of at least $5
      million and was not formed for the purpose of investing in the
      Company.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is an employee benefit plan whose investment
      decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is
      a bank, savings and loan association, insurance company or registered
      investment adviser.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is an employee benefit plan whose total assets
      exceed $5,000,000 as of the date of this Agreement.

                
	
                  Initial
      _______

                	 
      	
                  The
      undersigned certifies that it is a self-directed employee benefit plan
      whose investment decisions are made solely by persons who meet either of
      the criteria for Individual Investors.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is a U.S. bank, U.S. savings and loan
      association or other similar U.S. institution acting in its individual or
      fiduciary capacity.

                
	
                  Initial
      _______

                	 
      	
                  The
      undersigned certifies that it is a broker-dealer registered pursuant to
      §15 of the Securities Exchange Act of 1934.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is an organization described in §501(c)(3) of
      the Internal Revenue Code with total assets exceeding $5,000,000 and not
      formed for the specific purpose of investing in the
    Company.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is a trust with total assets of at least
      $5,000,000, not formed for the specific purpose of investing in the
      Company, and whose purchase is directed by a person with such knowledge
      and experience in financial and business matters that he is capable of
      evaluating the merits and risks of the prospective
    investment.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is a plan established and maintained by a state
      or its political subdivisions, or any agency or instrumentality thereof,
      for the benefit of its employees, and which has total assets in excess of
      $5,000,000.

                
	
                  Initial
      _______

                	 
      	
                  The
      investor certifies that it is an insurance company as defined in §2(13) of
      the Securities Act, or a registered investment
  company.

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      For
Non-U.S. Person Investors

    

    (all Investors who are not a U.S.
Person must INITIAL this section):

    

    
      
        	
                Initial
      _______

              	 
      	
                The
      Investor is not a “U.S. Person” as defined in Regulation S; and
      specifically the Purchaser is not:

              
	 
      	 
      	 
      
	
                A.

              	 
      	
                a
      natural person resident in the United States of America, including its
      territories and possessions (“United States”);

              
	
                B.

              	 
      	
                a
      partnership or corporation organized or incorporated under the laws of the
      United States;

              
	
                C.

              	 
      	
                an
      estate of which any executor or administrator is a U.S.
      Person;

              
	
                D.

              	 
      	
                a
      trust of which any trustee is a U.S. Person;

              
	
                E.

              	 
      	
                an
      agency or branch of a foreign entity located in the United
      States;

              
	
                F.

              	 
      	
                a
      non-discretionary account or similar account (other than an estate or
      trust) held by a dealer or other fiduciary for the benefit or account of a
      U.S. Person;

              
	
                G.

              	 
      	
                a
      discretionary account or similar account (other than an estate or trust)
      held by a dealer or other fiduciary organized, incorporated, or (if an
      individual) resident in the United States; or

              
	
                H.

              	 
      	
                a
      partnership or corporation: (i) organized or incorporated under the laws
      of any foreign jurisdiction; and (ii) formed by a U.S. Person principally
      for the purpose of investing in securities not registered under the
      Securities Act, unless it is organized or incorporated, and owned, by
      accredited investors (as defined in Rule 501(a) under the Act) who are not
      natural persons, estates or trusts.

              
	 
      	 
      	 
      
	
                And, in addition:

              	 
      	 
      
	 
      	 
      	 
      
	
                I.

              	 
      	
                the
      Purchaser was not offered the Shares in the United
  States;

              
	
                J.

              	 
      	
                at
      the time the buy-order for the Shares was originated, the Purchaser was
      outside the United States; and

              
	
                K.

              	 
      	
                the
      Purchaser is purchasing the Shares for its own account and not on behalf
      of any U.S. Person (as defined in Regulation S) and a sale of the Shares
      has not been pre-arranged with a purchaser in the United
      States.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]