Document:

Dakota Gold Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

    

    FIRST AMENDMENT TO
OPTION AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY

    THIS FIRST AMENDMENT (the "Amendment") to the Option Agreement for Purchase and Sale of Real Property dated as of October 14, 2021 (the "Option Agreement"), is entered into as of September 8, 2022 (the "Amendment Effective Date"), by and among Homestake Mining Company of California, a California corporation ("Homestake") and LAC Minerals (USA) LLC, a Delaware limited liability company ("LAC Minerals" and together with Homestake, the "Owners"), DTRC LLC (formerly known as Dakota Territory Resource Corp.), a Nevada limited liability company (the "Option Holder"), and Dakota Gold Corp., a Nevada corporation ("Dakota Gold").  Homestake shall act as the "Administrative Agent") of Owners under this Amendment.  Homestake, LAC Minerals, Option Holder and Dakota Gold sometimes may be referred to in this Amendment individually as a "Party", and collectively as the "Parties".

    RECITALS

    A. Owners and Option Holder entered into the Option Agreement.

    B. The Parties desire to amend the Option Agreement and Related Agreements as set forth in this Amendment.

    C. Option Holder is a wholly-owned subsidiary of Dakota Gold, which is made a Party for the purpose of the share issuance contemplated under Section 6 of this Amendment.

    AGREEMENT

    NOW, THEREFORE, in consideration of the premises and the mutual agreements, representations and warranties herein set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:

    1. Defined Terms.  Capitalized terms used but not defined in this Amendment shall have the meanings given thereto in the Option Agreement and Related Agreements.

    2. Amendment to Definition of "Dakota Shares". 

    (a) The definition of Dakota Shares in Section 1.13 of the Option Agreement hereby is deleted in its entirety and replaced with the following:

    "Shares of common stock, par value $0.001 per share, of Dakota Gold Corp., a Nevada corporation, as the parent company of Option Holder."

    (b) For the purpose of clarity, the Parties acknowledge and agree that all share issuances by Option Holder contemplated under the Option Agreement as of and after the Amendment Effective Date shall be issued by Dakota Gold.

    3. Extension of Option Period.  The definition of Option Period in Section 1.38 of the Option Agreement hereby is deleted in its entirety and replaced with the following:

    

    "The period that begins on the Effective Date and ends on the earlier of (a) March 7, 2026, and (b) the date the Option Holder delivers to the Administrative Agent the Option Exercise Notice."

    4. Amendment to Property Description.  The descriptions of (a) Property in Exhibit B to the Option Agreement; (b) Mining Property in Exhibit A to the Purchase Agreement; (c) Mining Property in Exhibit A to the Quitclaim Deed; and (d) Mining Property in Exhibit A to the Memorandum of Option hereby are deleted in their entirety and replaced with the property description set forth in Appendix I to this Amendment (the "Amended Property Description").

    5. Mine Map.  The Mine Map set forth in Schedule I to the Quitclaim Deed hereby is deleted in its entirety and replaced with the map set forth in Appendix II to this Amendment.

    6. Consideration.  In consideration for this Amendment, on the Amendment Effective Date, Dakota Gold shall issue to Owners or their designee as determined by the Administrative Agent, 180,000 freely tradable Dakota Shares (as the definition of that term has been revised by this Amendment) (the "Amendment Consideration Shares"), which Amendment Consideration Shares shall be registered in the name of Owners or their designee in book-entry form.  The Administrative Agent, on behalf of Owners, shall promptly provide to Dakota Gold and its transfer agent such documentation reasonably requested by them in connection with the delivery of the Amendment Consideration Shares to Owners or their designee, as determined by the Administrative Agent.

    7. Miscellaneous Provisions.

    (a) The Parties agree that, except as specifically modified by this Amendment, the Option Agreement remains in full force and effect in accordance with its terms.  This Amendment shall not be construed as a waiver or amendment of any other provision of the Option Agreement or for any purpose, except as expressly set forth herein.

    (b) This Amendment shall be governed by and construed in accordance with the laws of the State of South Dakota without reference to the conflict of law provisions thereof.

    (c) This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  This Amendment may be validly executed and delivered by facsimile, portable document format (.pdf) or other electronic transmission, and a signature by facsimile, portable document format (.pdf) or other electronic transmission shall be as effective and binding as delivery of a manually executed original signature.

    (d) Option Holder promptly shall prepare and record an amendment to the Memorandum of Option in the form of Appendix III to reflect the amendment to the Mining Property as set forth in the Memorandum of Option with the Amended Property Description (the "Amended Memorandum of Option") and shall provide to Owner a copy of the recorded Amended Memorandum of Option.

    
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    (e) This Amendment shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns permitted by the Option Agreement.

    [REMAINDER OF PAGE LEFT BLANK]

    
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    IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the Effective Date.

    	HOMESTAKE MINING COMPANY OF
CALIFORNIA	    	LAC MINERALS (USA) LLC
	 	 	 
	By: "Patrick Malone"                                            
Name: Patrick Malone                                           
Title: President                                                       	 	By: "Patrick Malone"                                            
Name: Patrick Malone                                           
Title: President                                                        
	 	 	 
	 	 	 
	DTRC LLC	 	DAKOTA GOLD CORP.
	 	 	 
	 	 	 
	By:  "Jonathan Awde"                                           
Name: Jonathan Awde                                          
Title:  On behalf of Dakota Gold Corp., its
manager                                                                
	 	By; "Jonathan Awde"                                            
Name: Jonathan Awde                                           
Title: President & CEO                                         

    

    

    APPENDIX I
AMENDED PROPERTY DESCRIPTION

    LEGAL DESCRIPTION

    Properties, Property Agreements and Royalties

    (All Properties are located within T5N, R2E; T5N, R3E; T4N, R2E; T4N, R3E,, B.H.M., Lawrence County, South Dakota)

    Mineral Properties

    Owned by LAC Minerals:

    Enterprise patented lode mining claim, M.S. 407, located in Sections 10 and 15

    Surprise patented lode mining claim, M.S. 408, located in Sections 10 and 15

    Carbonate patented lode mining claim, M.S. 417, located in Section 15

    Jay Gould patented lode mining claim, M.S. 425, located in Section 10

    Garfield patented lode mining claim, M.S. 426, located in Section 10

    Far West patented lode mining claim, M.S. 428, located in Sections 10 and 15

    Katie patented lode mining claim, M.S. 437, located in Section 10

    Arthur patented lode mining claim, M.S. 438, located in Section 10

    Hartshorn patented lode mining claim, M.S. 440, located in Sections 10 and 15

    Minnie patented lode mining claim, M.S. 441, located in Section 15

    Ultimo patented lode mining claim, M.S. 442A, located in Section 15

    Tidiout patented lode mining claim, M.S. 443, located in Section 15

    Utica patented lode mining claim, M.S. 447A, located in Section 15

    Antietam patented lode mining claim, M.S. 448A, located in Section 15

    Blue Bird patented lode mining claim, M.S. 449, located in Section 15

    Carbonate Fraction #1 patented lode mining claim, M.S. 450, located in Section 15

    Carbonate Fraction #2 patented lode mining claim, M.S. 451, located in Section 15

    Mutual patented lode mining claim, M.S. 465, located in Section 15

    
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    Washington patented lode mining claim, M.S. 466, located in Section 15

    May Queen patented lode mining claim, M.S. 473, located in Section 15

    Hercules patented lode mining claim, M.S. 474, located in Section 15

    Adelphi patented lode mining claim, M.S. 489, located in Section 15

    Spanish patented lode mining claim, M.S. 679, located in Section 15

    Richmond patented lode mining claim, M.S. 680, located in Section 15

    Brooklyn patented lode mining claim, M.S. 874, located in Section 15

    J.M., Todd, Earle, Minnie C, Lyda B, Sister, Arthur L, Cass, Newell, Calvin P, Emma, Virginia, Juliett, Donald W, Helen, Atwood, Little Bonanze, Ella, Ralph K patented lode mining claims, M.S. 977, located in Sections 22, 23, 26 and 27

    Cloride Fr., Calkins, Logan, Anis patented lode mining claim, M.S. 1022, located in Section 15

    Rattler and Gilroy patented lode mining claim, M.S. 1043, located in Sections 10 and 15

    Nankipoo, Delaunay patented lode mining claim, M.S. 1278, located in Section 15

    Aliance, Sucker, Little Ellen, Black Bird, Golden Eagle No. 2, Rubicon, Rubicon No. 2, Rubicon No. 4, Dakota, Darboy, Havana No. 1, Havana No. 3, Porto Rico No. 2 patented lode mining claims, M.S. 1376, located in Sections 10, 11, 14 and 15

    Independent, Independent No. 1, Republick patented lode mining claims, M.S. 1398, located in Section 15

    Joplin No. 1, Joplin No. 2, Joplin No. 3, Julia-Etta, Magnetic patented lode mining claims, M.S. 1436, located in Sections 15 and 22

    Crest, Samoa, Co-moa, Sylvanite No. 1, Sylvanite No. 2, Grove, Volt, Seven-B, Storm King, Vigor patented lode mining claims, M.S. 1440, located in Sections 15, 16, 21 and      22

    Cashier, LaPlata patented lode mining claims, M.S. 1469, located in Section 15

    Maryland, Baltimore, Maverick, Badger, North Side Fraction patented lode mining    claims, M.S. 1529, located in Sections 15 and 16

    Lola patented lode mining claim, M.S. 1569, located in Section 15

    St. Cloud No. 5, Zelpha Mable, Josephine, St. Cloud No. 1, St. Cloud No. 3, Comstock, Victor Fraction #3, Grand Deposit No. 2, Tartar, Red Cloud, Red Cloud Frac., Valley Frac. patented lode mining claims, M.S. 1655, located in Sections 15 and 22

    
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    Edmonia patented lode mining claim, M.S. 1769, located in Section 14

    Mars No. 1 patented lode mining claim, M.S. 1851, located in Section 15

    Legal Tender, Diamond Point, Joe Craig, Gremmel No. 1, Cotton Tail Frac. patented lode mining claims, M.S. 1872, located in Section 22

    Dante, Creston, Morning Glory, Vindicator patented lode mining claims, M.S. 1910, located in Section 23

    Bison, Trent patented lode mining claims, M.S. 2033, located in Sections 10 and 15

    Govt. Lots 3, 9, 10, 12, 13, located in Section 15

    Tracts 0102-A, 0102-B, 0103-B, located in Section 15

    Govt. Lot 1, 2, 4 and 5 located in Section 22

    Govt. Lots 9 and 10, located in Section 23

    Tract 0103-A, located in Section 23

    Owned by Homestake:

    Yankee Boy, Yankee Boy No. 3, Yankee Boy No. 4, Alliance No. 2, Little Bonanza No. 2, Magna Charta and General Joe Hooker patented lode mining claims, M.S. 1406, located in Section 14

    Tract 1 of M.S. 1829, as shown on Plat Document Number 2014-1022, located in    Sections 22 and 23

    Los Angeles No. 1, Los Angeles No. 2 and Los Angeles No. 3 patented lode mining    claims, M.S. 1617, located in Section 23

    Stella No. 3, Stella No. 5, Margarite No. 6 and Margarite No. 7, patented lode mining claims, M.S. 1862, located in Sections 23 and 26

    Govt. Lot 10, located in Section 11

    Govt. Lot 12, located in Section 13

    Govt. Lots 2, 3, 4, 7, 8, 9 and 10, located in Section 14

    Govt. Lots 1, 2, 3, 4, 5, 6, 7 and 8, located in Section 23

    Govt. Lots 12, 13 and 14, located in Section 24

    
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    Owned by Homestake - Minerals Only:

    Old Reliable patented lode mining claim, M.S. 348, located in Section 14

    Dakota, Granite, Columbia and Union patented lode mining claims, M.S. 1092, located in Sections 13, 14 and 23

    White House, Congress, China Fraction, Japan Fraction patented lode mining claims, M.S. 1247, Sections 13 and 14

    Arthur No. 1, Little Hill, Little Hill No. 2 patented lode mining claims, M.S. 1406,  located in Section 14

    Bessie, Cross No. 1, Dixie, Geneva, Hattie, Tan patented lode mining claims, M.S. 1822, located in Section 14

    Owned by LAC Minerals - Unpatented Lode Mining Claims:

    L&O No. 11 BLM serial No. MMC 74914 Located in Section 15

    NJB 72 BLM serial No. MMC 165019 Located in Section 15

    Owned by Homestake - Wharf Area Mineral - 100%

    General Grant, M.S. 675, located in Section 1, T4N, R2E, B.H.M.;

    Boss lode, M.S. 839, located in Section 6, T4N, R3E, B.H.M.;

    Big Sam, Francis, Marseillase, Minnie, Ruby Hill and Glenwood lodes, M.S. 930, located in Section 7, T4N, R3E, B.H.M.;

    South Lyon lode, M.S. 935, located in Section 6, T4N, R3E, B.H.M.;

    Argenta, Glyn, Lemans, Oro and Oro Fraction lodes, M.S. 1109, located in Sections 12 and 13, T4N, R2E, BH.M.;

    West Wedge Fraction, West End, Jackson, Moonlight, Sunrise, Sunset Fraction, Lizzie lodes, M.S. 1114, located in Section 12, T4N, R2E, and Section 7, T4N, R3E, B.H.M.;

    Camden, Ford and Georgia lodes, M.S. 1141, located in Sections 34 and 35, T5N, R2E, B.H.M.;

    Blue and Rocky Lynn lodes, M.S. 1168, located in Section 34, T5N, R2E, B.H.M.;

    Buffalo, Deadwood, Link Fraction, May lodes, M.S. 1283, located in Section 33, T5N, R2E, B.H.M.;

    
        

        
            1 This claim is currently listed in BLM records as owned by St. Joe Richmond Hill.

        

        
            2 This claim is currently listed in BLM records as owned by Bond Gold Richmond.

        

    

    
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    Cardinal and Longpoint Fraction lodes, M.S. 1288, located in Section 25, T5N, R2E, B.H.M.;

    Ames, Ames Fraction, Cloud, Dick, Ester, Lightning, Thunder lodes, M.S. 1289, located in Sections 27 and 28, T5N, R2E, B.H.M.;

    James G. Blaine, M.S. 1349, located in Section 34, T5N, R2E, B.H.M.;

    Loyd lode, M.S. 1468, located in Sections 33 and 34, T5N, R2E, B.H.M.;

    Genessee, Grenada, Peerless, Trenton lodes, M.S. 1616, located in Section 4, T4N, R2E, B.H.M.;

    Snorter and Snorter Fraction lodes, M.S. 1643, located in Sections 33 and 34, T5N, R2E, B.H.M.;

    Maid of Erin, Telegram, Gannon, B&M Fraction lodes, M.S. 1659, located in Sections 33 and 34, T5N, R2E, and Section 3, T4N, R2E, B.H.M.;

    Belligerent, Belligerent Fraction, Belligerent No. 3, Belligerent No. 4, Bull Hill Fraction lodes, M.S. 1673, located in Sections 27 and 34, T5N, R2E, B.H.M.;

    Marconi lode, M.S. 1792, located in Section 31, T5N, R3E, B.H.M.;

    Leased Mineral Rights

    Rubicon, Cleveland, Lizzie Johnson, Standard and Grayback patented lode mining claims, M.S. 1382, located in Section 23, which claims are leased by LAC pursuant to a Lease Agreement dated November 15, 1984 between James E. Peterson and Arlene Peterson, husband and wife, as  lessors, and St. Joe American Corporation, as lessee, a short form of which is recorded in Lawrence County, South Dakota as document number 84-3814 (the "Peterson Lease").

    Property Agreements

    The Peterson Lease.

    Material Contracts

    1. Restated Joint Venture Agreement dated December 2, 1988, between Homestake Mining Company of California, as successor-in-interest to Statmon Technologies Corp., and LAC Minerals (USA) LLC, as successor-in-interest to Bond Gold Richmond Hill Inc., and all judicial orders, decisions and opinions relating thereto, including without limitation Order Following Court Trial in Fowler v. LAC Minerals (USA), LLC, Civ. No. 08-5043-JLV (D. S.D. August 10, 2011); Judgment in Fowler v. LAC Minerals (USA), LLC, Civ. No. 08-5043-JLV (D. S.D. August 10, 2011); and opinion in Fowler v. LAC Minerals (USA), LLC, 694 F.3d 930 (8th Cir. 2012).

    
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    2. Easement Agreement dated February 22, 1998 between Timothy Morton and Shirley Morton as grantors and LAC Minerals (USA) Inc. as grantee.

    3. Settlement Agreement dated June 15, 2000 among Scott L. Prentice and Jeanne L. Prentice, LAC Minerals (USA) Inc. and Todd Duex, and Order related thereto in the matter of  Scott L. Prentice et al. v. LAC Minerals (USA) Inc., Civ. No. 99-5083-KES (D. S.D. June 15, 2000).

    4. Deed, Grant of Easements and Right of First Refusal dated April 18, 2003 from Homestake Mining Company of California to Donald F. Hander and Karen Hander, as modified  by Relinquishment and Release of First Right to Purchase dated November 2, 2007 from Maitland Partners, L.L.C. to Homestake Mining Company of California.

    5. All instruments and documents relating to the Properties, or any of them, contained in the records of the Lawrence County Register of Deeds Office or in the files of the United States Bureau of Land Management or in the files of the South Dakota Department of Environment & Natural Resources, or in any other public records, to which LAC or Homestake is a party or the successor to a party.

    Documents creating Royalties

    1. The Peterson Lease.

    2. Mining Deed dated May 24, 1968 from Fillmore and Company, W. O. Fillmore and Lillian G. Fillmore, as grantors, to Congo Uranium Company, as grantee, recorded in Lawrence County, South Dakota as document number 84-1176.

    3. Warranty Deed dated June 2, 1976 from Iwalana L. Gali (fka Iwalana L. Aye), as grantor, to Homestake Mining Company, as grantee, recorded in Lawrence County, South Dakota as document number 82-5846.

    4. Grant, Bargain and Sale Deed dated April 11, 2014 from Sharlene J. Hoffman, trustee, Earl D. Bohlen and Helen L. Bohlen, as grantors, to Homestake Mining Company of California, as grantee, recorded in Lawrence County, South Dakota as document number 2014-01773.

    [End]

    
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    APPENDIX II
MAP

    

    
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    APPENDIX III
AMENDED MEMORANDUM OF OPTION

    (See Attached)

     

    
        III-1

    

    

     

     

    HOMESTAKE MINING COMPANY OF CALIFORNIA

    and

    LAC MINERALS (USA) LLC

    Optionors

    and

    DTRC LLC

    Optionee

    and

    DAKOTA GOLD CORP.

    Dakota Gold

    

    MEMORANDUM OF FIRST AMENDMENT TO OPTION

    

    Dated as of September; 8, 2022

    The properties affected by the within instrument are located in Lawrence County, South Dakota

    Prepared by and Record and Return to:

    Erwin Thompson Faillers
241 Ridge Street, Suite 210
Reno, NV 89501
Attn: Jeff N. Faillers
Telephone: (775) 825-4300

    
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    MEMORANDUM OF FIRST AMENDMENT TO OPTION

    THIS MEMORANDUM OF FIRST AMENDMENT TO OPTION AGREEMENT
("Memorandum") dated as of the 8th day of September 2022, by and among HOMESTAKE MINING COMPANY OF CALIFORNIA, a California corporation and LAC Minerals (USA) LLC, a Delaware limited liability company (collectively, "Optionors"), DTRC LLC (formerly known as Dakota Territory Resources Corp.), a Nevada limited liability company ("Optionee"), and Dakota Gold Corp., a Nevada corporation ("Dakota Gold").

    Optionors and Optionee acknowledged the following:

    Optionors and Optionee are parties to that certain Option Agreement for Purchase and Sale of Real Property dated as of October 14, 2021 (the "Option Agreement"), pursuant to which Optionors granted to Optionee the exclusive and irrevocable option (the "Option") to purchase certain fee lands and patented mining claims situated in Lawrence County, South Dakota, which are more particularly described in the Option Agreement (the "Original Memorandum"). The property subject to the Option Agreement is more particularly described in Exhibit A to each of the Option Agreement and the Original Memorandum (the "Original Property Description").  Optionee is a wholly-owned subsidiary of Dakota Gold.

    Optionors, Optionee and Dakota Gold have entered into that certain First Amendment to Option Agreement for Purchase and Sale of Real Property dated September 8, 2022 (the "First Amendment") to, among other things, extend the Option Period and amend and replace the Original Property Description as it contained certain errors.

    The Option Agreement, as amended by the First Amendment, affects the fee lands and
patented and unpatented mining claims situated in Lawrence County, South Dakota, more particularly described in Exhibit A attached hereto and made a part hereof (the "Amended Property Exhibit"). In furtherance of the foregoing, the property exhibit attached to the Original Memorandum is hereby amended by deleting the respective exhibits in their entirety and replacing them with the Amended Property Exhibit.

    This Memorandum is intended only for recording purposes to provide notice of certain terms and conditions contained in the Option Agreement and is not to be construed as a complete summary of the terms and conditions thereof. This Memorandum is subject to the Option Agreement, and any amendments, modifications, alterations, renewals, and extensions of the Option Agreement. The terms and provisions of the Option Agreement are incorporated in this Memorandum by reference. If there is any conflict between this Memorandum and the Option Agreement the provisions of the Option Agreement shall control.

    This Memorandum may be executed in multiple counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same document.

    
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    IN WITNESS WHEREOF, the Parties hereto have caused this Memorandum as of the date first written above.

    	HOMESTAKE MINING COMPANY OF CALIFORNIA	 	LAC MINERALS (USA) LLC
	 	 	 
	By;________________________________________
Name:_____________________________________
Title:______________________________________	    	By:_________________________________________
Name:______________________________________
Title:_______________________________________
	 	 	 
	 	 	 
	DTRC LLC	 	DAKOTA GOLD CORP.
	 	 	 
	 	 	 
	By;________________________________________
Name:_____________________________________
Title:______________________________________	 	By;________________________________________
Name:_____________________________________
Title:______________________________________

    

    
        III-4

    

    

    Optionor Acknowledgement

    STATE OF ________________)

     ) ss:

    COUNTY OF ______________)

    On the ____ day of _______, 2022 before me, the undersigned, a Notary Public in and for said State, personally appeared __________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

    	 	 
	 	Notary Public

     

    Optionor Acknowledgement

    STATE OF ________________)

     ) ss:

    COUNTY OF ______________)

    On the ____ day of _______, 2022 before me, the undersigned, a Notary Public in and for said State, personally appeared __________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

    	 	 
	 	Notary Public

    

    
        III-5

    

    

    Optionee Acknowledgement

    STATE OF ________________)

     ) ss:

    COUNTY OF ______________)

    On the ____ day of _______, 2022 before me, the undersigned, a Notary Public in and for said State, personally appeared __________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

    	 	 
	 	Notary Public

     

    Dakota Gold Acknowledgement

    STATE OF ________________)

     ) ss:

    COUNTY OF ______________)

    On the ____ day of _______, 2022 before me, the undersigned, a Notary Public in and for said State, personally appeared __________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

    	 	 
	 	Notary Public

    

    
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    EXHIBIT A
LEGAL DESCRIPTION

    Properties, Property Agreements and Royalties

    (All Properties are located within T5N, R2E; T5N, R3E; T4N, R2E; T4N, R3E, B.H.M.,
Lawrence County, South Dakota)

    Mineral Properties

    Owned by LAC Minerals:

    Enterprise patented lode mining claim, M.S. 407, located in Sections 10 and 15

    Surprise patented lode mining claim, M.S. 408, located in Sections 10 and 15

    Carbonate patented lode mining claim, M.S. 417, located in Section 15

    Jay Gould patented lode mining claim, M.S. 425, located in Section 10

    Garfield patented lode mining claim, M.S. 426, located in Section 10

    Far West patented lode mining claim, M.S. 428, located in Sections 10 and 15

    Katie patented lode mining claim, M.S. 437, located in Section 10

    Arthur patented lode mining claim, M.S. 438, located in Section 10

    Hartshorn patented lode mining claim, M.S. 440, located in Sections 10 and 15

    Minnie patented lode mining claim, M.S. 441, located in Section 15

    Ultimo patented lode mining claim, M.S. 442A, located in Section 15

    Tidiout patented lode mining claim, M.S. 443, located in Section 15

    Utica patented lode mining claim, M.S. 447A, located in Section 15

    Antietam patented lode mining claim, M.S. 448A, located in Section 15

    Blue Bird patented lode mining claim, M.S. 449, located in Section 15

    Carbonate Fraction #1 patented lode mining claim, M.S. 450, located in Section 15

    Carbonate Fraction #2 patented lode mining claim, M.S. 451, located in Section 15

    Mutual patented lode mining claim, M.S. 465, located in Section 15

    Washington patented lode mining claim, M.S. 466, located in Section 15

    
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    May Queen patented lode mining claim, M.S. 473, located in Section 15

    Hercules patented lode mining claim, M.S. 474, located in Section 15

    Adelphi patented lode mining claim, M.S. 489, located in Section 15

    Spanish patented lode mining claim, M.S. 679, located in Section 15

    Richmond patented lode mining claim, M.S. 680, located in Section 15

    Brooklyn patented lode mining claim, M.S. 874, located in Section 15

    J.M., Todd, Earle, Minnie C, Lyda B, Sister, Arthur L, Cass, Newell, Calvin P, Emma, Virginia, Juliett, Donald W, Helen, Atwood, Little Bonanze, Ella, Ralph K patented lode mining claims, M.S. 977, located in Sections 22, 23, 26 and 27

    Cloride Fr., Calkins, Logan, Anis patented lode mining claim, M.S. 1022, located in Section 15

    Rattler and Gilroy patented lode mining claim, M.S. 1043, located in Sections 10 and 15

    Nankipoo, Delaunay patented lode mining claim, M.S. 1278, located in Section 15

    Aliance, Sucker, Little Ellen, Black Bird, Golden Eagle No. 2, Rubicon, Rubicon No. 2, Rubicon No. 4, Dakota, Darboy, Havana No. 1, Havana No. 3, Porto Rico No. 2 patented lode mining claims, M.S. 1376, located in Sections 10, 11, 14 and 15

    Independent, Independent No. 1, Republick patented lode mining claims, M.S. 1398, located in Section 15

    Joplin No. 1, Joplin No. 2, Joplin No. 3, Julia-Etta, Magnetic patented lode mining  claims, M.S. 1436, located in Sections 15 and 22

    Crest, Samoa, Co-moa, Sylvanite No. 1, Sylvanite No. 2, Grove, Volt, Seven-B, Storm King, Vigor patented lode mining claims, M.S. 1440, located in Sections 15, 16, 21 and      22

    Cashier, LaPlata patented lode mining claims, M.S. 1469, located in Section 15

    Maryland, Baltimore, Maverick, Badger, North Side Fraction patented lode mining  claims, M.S. 1529, located in Sections 15 and 16

    Lola patented lode mining claim, M.S. 1569, located in Section 15

    St. Cloud No. 5, Zelpha Mable, Josephine, St. Cloud No. 1, St. Cloud No. 3, Comstock, Victor Fraction #3, Grand Deposit No. 2, Tartar, Red Cloud, Red Cloud Frac., Valley Frac. patented lode mining claims, M.S. 1655, located in Sections 15 and 22

    Edmonia patented lode mining claim, M.S. 1769, located in Section 14

    
        III-8

    

    

    Mars No. 1 patented lode mining claim, M.S. 1851, located in Section 15

    Legal Tender, Diamond Point, Joe Craig, Gremmel No. 1, Cotton Tail Frac. patented lode mining claims, M.S. 1872, located in Section 22

    Dante, Creston, Morning Glory, Vindicator patented lode mining claims, M.S. 1910, located in Section 23

    Bison, Trent patented lode mining claims, M.S. 2033, located in Sections 10 and 15

    Govt. Lots 3, 9, 10, 12, 13, located in Section 15

    Tracts 0102-A, 0102-B, 0103-B, located in Section 15

    Govt. Lot 1, 2, 4 and 5 located in Section 22

    Govt. Lots 9 and 10, located in Section 23

    Tract 0103-A, located in Section 23

    Owned by Homestake:

    Yankee Boy, Yankee Boy No. 3, Yankee Boy No. 4, Alliance No. 2, Little Bonanza No. 2, Magna Charta and General Joe Hooker patented lode mining claims, M.S. 1406, located in Section 14

    Tract 1 of M.S. 1829, as shown on Plat Document Number 2014-1022, located in  Sections 22 and 23

    Los Angeles No. 1, Los Angeles No. 2 and Los Angeles No. 3 patented lode mining    claims, M.S. 1617, located in Section 23

    Stella No. 3, Stella No. 5, Margarite No. 6 and Margarite No. 7, patented lode mining claims, M.S. 1862, located in Sections 23 and 26

    Govt. Lot 10, located in Section 11

    Govt. Lot 12, located in Section 13

    Govt. Lots 2, 3, 4, 7, 8, 9 and 10, located in Section 14

    Govt. Lots 1, 2, 3, 4, 5, 6, 7 and 8, located in Section 23

    Govt. Lots 12, 13 and 14, located in Section 24

    Owned by Homestake - Minerals Only:

    Old Reliable patented lode mining claim, M.S. 348, located in Section 14

    
        III-9

    

    

    Dakota, Granite, Columbia and Union patented lode mining claims, M.S. 1092, located in Sections 13, 14 and 23

    White House, Congress, China Fraction, Japan Fraction patented lode mining claims, M.S. 1247, Sections 13 and 14

    Arthur No. 1, Little Hill, Little Hill No. 2 patented lode mining claims, M.S. 1406,  located in Section 14

    Bessie, Cross No. 1, Dixie, Geneva, Hattie, Tan patented lode mining claims, M.S. 1822, located in Section 14

    Owned by LAC Minerals - Unpatented Lode Mining Claims:

    L&O No. 13 BLM serial No. MMC 74914 Located in Section 15

    NJB 74 BLM serial No. MMC 165019 Located in Section 15

    Owned by Homestake - Wharf Area Mineral - 100%

    General Grant, M.S. 675, located in Section 1, T4N, R2E, B.H.M.;

    Boss lode, M.S. 839, located in Section 6, T4N, R3E, B.H.M.;

    Big Sam, Francis, Marseillase, Minnie, Ruby Hill and Glenwood lodes, M.S. 930, located in Section 7, T4N, R3E, B.H.M.;

    South Lyon lode, M.S. 935, located in Section 6, T4N, R3E, B.H.M.;

    Argenta, Glyn, Lemans, Oro and Oro Fraction lodes, M.S. 1109, located in Sections 12 and 13, T4N, R2E, BH.M.;

    West Wedge Fraction, West End, Jackson, Moonlight, Sunrise, Sunset Fraction, Lizzie lodes, M.S. 1114, located in Section 12, T4N, R2E, and Section 7, T4N, R3E, B.H.M.;

    Camden, Ford and Georgia lodes, M.S. 1141, located in Sections 34 and 35, T5N, R2E, B.H.M.;

    Blue and Rocky Lynn lodes, M.S. 1168, located in Section 34, T5N, R2E, B.H.M.;

    Buffalo, Deadwood, Link Fraction, May lodes, M.S. 1283, located in Section 33, T5N, R2E, B.H.M.;

    
        

        
            3 This claim is currently listed in BLM records as owned by St. Joe Richmond Hill.

        

        
            4 This claim is currently listed in BLM records as owned by Bond Gold Richmond.

        

    

    
        III-10

    

    

    Cardinal and Longpoint Fraction lodes, M.S. 1288, located in Section 25, T5N, R2E, B.H.M.;

    Ames, Ames Fraction, Cloud, Dick, Ester, Lightning, Thunder lodes, M.S. 1289, located in Sections 27 and 28, T5N, R2E, B.H.M.;

    James G. Blaine, M.S. 1349, located in Section 34, T5N, R2E, B.H.M.;

    Loyd lode, M.S. 1468, located in Sections 33 and 34, T5N, R2E, B.H.M.;

    Genessee, Grenada, Peerless, Trenton lodes, M.S. 1616, located in Section 4, T4N, R2E, B.H.M.;

    Snorter and Snorter Fraction lodes, M.S. 1643, located in Sections 33 and 34, T5N, R2E, B.H.M.;

    Maid of Erin, Telegram, Gannon, B&M Fraction lodes, M.S. 1659, located in Sections 33 and 34, T5N, R2E, and Section 3, T4N, R2E, B.H.M.;

    Belligerent, Belligerent Fraction, Belligerent No. 3, Belligerent No. 4, Bull Hill Fraction lodes, M.S. 1673, located in Sections 27 and 34, T5N, R2E, B.H.M.;

    Marconi lode, M.S. 1792, located in Section 31, T5N, R3E, B.H.M.;

    Leased Mineral Rights

    Rubicon, Cleveland, Lizzie Johnson, Standard and Grayback patented lode mining claims, M.S. 1382, located in Section 23, which claims are leased by LAC pursuant to a Lease Agreement dated November 15, 1984 between James E. Peterson and Arlene Peterson, husband and wife, as  lessors, and St. Joe American Corporation, as lessee, a short form of which is recorded in Lawrence County, South Dakota as document number 84-3814 (the "Peterson Lease").

    Property Agreements

    The Peterson Lease.

    Material Contracts

    1. Restated Joint Venture Agreement dated December 2, 1988, between Homestake Mining Company of California, as successor-in-interest to Statmon Technologies Corp., and LAC Minerals (USA) LLC, as successor-in-interest to Bond Gold Richmond Hill Inc., and all judicial orders, decisions and opinions relating thereto, including without limitation Order Following Court Trial in Fowler v. LAC Minerals (USA), LLC, Civ. No. 08-5043-JLV (D. S.D. August 10, 2011); Judgment in Fowler v. LAC Minerals (USA), LLC, Civ. No. 08-5043-JLV (D. S.D. August 10, 2011); and opinion in Fowler v. LAC Minerals (USA), LLC, 694 F.3d 930 (8th Cir. 2012).

    
        III-11

    

    

    2. Easement Agreement dated February 22, 1998 between Timothy Morton and Shirley Morton as grantors and LAC Minerals (USA) Inc. as grantee.

    3. Settlement Agreement dated June 15, 2000 among Scott L. Prentice and Jeanne L. Prentice, LAC Minerals (USA) Inc. and Todd Duex, and Order related thereto in the matter of  Scott L. Prentice et al. v. LAC Minerals (USA) Inc., Civ. No. 99-5083-KES (D. S.D. June 15, 2000).

    4. Deed, Grant of Easements and Right of First Refusal dated April 18, 2003 from Homestake Mining Company of California to Donald F. Hander and Karen Hander, as modified  by Relinquishment and Release of First Right to Purchase dated November 2, 2007 from Maitland Partners, L.L.C. to Homestake Mining Company of California.

    5. All instruments and documents relating to the Properties, or any of them, contained in the records of the Lawrence County Register of Deeds Office or in the files of the United States Bureau of Land Management or in the files of the South Dakota Department of Environment & Natural Resources, or in any other public records, to which LAC or Homestake is a party or the successor to a party.

    Documents creating Royalties

    1. The Peterson Lease.

    2. Mining Deed dated May 24, 1968 from Fillmore and Company, W. O. Fillmore and Lillian G. Fillmore, as grantors, to Congo Uranium Company, as grantee, recorded in Lawrence County, South Dakota as document number 84-1176.

    3. Warranty Deed dated June 2, 1976 from Iwalana L. Gali (fka Iwalana L. Aye), as grantor, to Homestake Mining Company, as grantee, recorded in Lawrence County, South Dakota as document number 82-5846.

    4. Grant, Bargain and Sale Deed dated April 11, 2014 from Sharlene J. Hoffman, trustee, Earl D. Bohlen and Helen L. Bohlen, as grantors, to Homestake Mining Company of California, as grantee, recorded in Lawrence County, South Dakota as document number 2014-01773.

    [End]

    
        III-12Exhibit 4.5

 

Number A-1

 

SEE
REVERSE FOR IMPORTANT NOTICE REGARDING OWNERSHIP AND TRANSFER RESTRICTIONS AND CERTAIN OTHER INFORMATION

 

		DFLI	CUSIP
                                            26145B 106

SEE REVERSE
FOR CERTAIN DEFINITIONS

 

DRAGONFLY
ENERGY HOLDINGS CORP.

A
Delaware Corporation

 

INCORPORATED
UNDER THE LAWS OF THE STATE OF DELAWARE.

COMMON
STOCK

 

SPECIMEN

 

FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK. PAR VALUE OF $0.00001 PER SHARE OF

DRAGONFLY
ENERGY HOLDINGS CORP.

 

transferable
on the books of the company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

This certificate
is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

Witness the seal of the Company and the facsimile
signatures of its duly authorized officers.

 

	 	 	 
	Chief Executive
Officer	 	Chief
                                            Financial Officer

 

     

     

    

  

DRAGONFLY ENERGY HOLDINGS CORP.

 

The
Company will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the shares of common stock represented hereby are issued and shall be held subject
to all the provisions of the Company’s certificate of incorporation and all amendments thereto and resolutions of the Board of
Directors providing for the issue of securities (copies of which may be obtained from the secretary of the Company), to all of which
the holder of this certificate by acceptance hereof assents.

 

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)
	IT
    TEN	—	as joint
    tenants with right of survivorship and not as tenants in common	Under Uniform Gifts to Minors Act 	_______	 
	TTEE	—	trustee
    under Agreement dated	 	(State) 	 

  

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 INFLUCING POSTAL ZIP CODE OF ASSIGNEE

 

Shares of the common
stock represented by this 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	 	 	 
	 	 	 	 
	 	 	 	NOTICE: The signature to
    this assignment must correspond with the name as written upon the face of the certificate in every particular without alteration
    or enlargement or any change whatsoever.

 

SIGNATURE
GUARANTEED:

 

 

THE
SIGNATURES(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION, (BANKS STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]