Document:

VALIDITY GUARANTEE

 

VALIDITY GUARANTEE dated
as of October 17, 2012 (this “Validity Guarantee”), by [name of individual], an individual with his address as set
forth on the signature page hereto (“Guarantor”) in favor of STAR FUNDING, INC., a New York corporation (“Star
Funding”).

 

WITNESSETH:

 

WHEREAS, BOLDFACE GROUP,
INC. with its principal office located at 1309 Pico Blvd, Suite A, Santa Monica, CA 90405 (the “Company”) and
Star Funding are entering into a Supply Agreement and a Factoring Agreement, each dated as of the date hereof (each, as may be
amended, supplemented, restated or otherwise modified from time to time, a “Star Agreement” and collectively
the “Star Agreements”), pursuant to which Star Funding will supply certain goods to the Company (“Goods”)
and purchase certain accounts receivable billed to customers of the Company (“Accounts Receivable”) on the basis
of, and in reliance upon, the representations, warranties and covenants of the Company contained in the Star Agreements; and

 

WHEREAS, Guarantor is
an officer and/or a shareholder of the Company; and

 

WHEREAS, Star Funding
will not enter into the Star Agreements, nor supply Goods or purchase Accounts Receivable pursuant thereto, unless the Guarantor
has executed and delivered this Validity Guarantee;

 

NOW, THEREFORE, in order
to induce Star Funding to enter into the Star Agreements and all documents related thereto (together, the “Transaction
Documents”), to supply Goods and purchase Accounts Receivable pursuant thereto, and in consideration thereof and for
other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Guarantor hereby agrees with Star Funding
as follows:

 

1.          Guarantee.
Subject to the limitations set forth in Section 2 below, Guarantor hereby unconditionally and irrevocably guarantees the due and
punctual payment to Star Funding of all present and future amounts, now or at any time or from time to time hereafter due or owing
to Star Funding under or in connection with the Factoring Agreement, the Supply Agreement, or any other Transaction Document, whether
at maturity or earlier by reason of acceleration or otherwise to the extent of any loss, damage, cost, expense, liability, claim
or other obligation incurred by Star Funding (including attorneys’ fees and costs reasonably incurred) arising out of or
in connection with the items listed in Section 2 below (the “Guarantor Obligations”). The Guarantor shall make
payment of the Guarantor Obligations and other amounts payable by the Guarantor hereunder immediately upon demand therefor, in
compliance with this Guarantee. Star Funding shall not be required to seek payment or performance from the Company or any other
person or entity, prior to demanding payment of the Guarantor Obligations from the Guarantor.

 

    	 

    	 

    

 

2.          Limitation.
Notwithstanding anything to the contrary contained herein, Star Funding and the Guarantor agree that Star Funding shall be entitled
to enforce this Guarantee only to the extent of any actual loss, damage, cost, expense, liability, claim or other obligation incurred
by Star Funding (including attorneys’ fees and costs reasonably incurred) arising out of or in connection with the following
(each of the following clauses (a) through (f) being independent and it being understood and agreed that Star Funding may
enforce this Guarantee separately under any or all of them):

 

(a)          Any
representations or warranties of the Company regarding the Accounts Receivable or its inventory, or any information provided by
the Company from time to time with respect to its inventory, Customers (as defined in the Star Agreements), purchase orders or
Accounts Receivable (including without limitation any of the representations or warranties contained in Section 5 of the Factoring
Agreement or Section 12 of the Supply Agreement), shall prove to be false, inaccurate or incomplete;

 

(b)          The
Company shall breach any covenant or obligation it has under the Star Agreements with respect to the management or collection of
any of its Accounts Receivable;

 

(c)          Any
fraud or misrepresentation on the part of the Company in connection with the Transaction Documents or the transactions contemplated
thereby;

 

(d)          The
removal or disposal of any portion of the Collateral (as defined in the Star Agreements) other than in the ordinary course of business
and in a manner consistent with the Transaction Documents;

 

(e)          Any
interference by the Company or the Guarantor with Star Funding’s efforts to collect the Accounts Receivable;

 

(f)          Any
misappropriation of proceeds of Collateral (including without limitation amounts collected on Accounts Receivable) by the Company
or the Guarantor, or any other intentional misconduct by the Company or the Guarantor that impairs the Collateral or the ability
of the Company to perform its obligations to Star Funding; and

 

3.          Continuing
Guarantee. This Validity Guarantee is a continuing guaranty of the Guarantor Obligations for the duration of the term of the
Star Agreements and any renewals or extensions thereof. Payments to be made by Guarantor hereunder may be required by Star Funding
on any number of occasions as provided in this Agreement. Payment by Guarantor shall be made to Star Funding at Star Funding’s
office on demand as Guarantor Obligations become due.

 

4.          Costs
of Enforcement. The Guarantor shall pay to Star Funding forthwith upon demand, all reasonable costs and expenses (including
court costs and legal expenses) incurred or expended by Star Funding in enforcing its rights under this Validity Guarantee.

 

5.          Waiver
of Right of Subrogation. Notwithstanding any payment or payments made by the Guarantor hereunder, Guarantor will not exercise
any rights of Star Funding against the Company by way of contribution, subrogation, reimbursement or indemnity, or shall have any
right of recourse to any assets or property of the Company held for the payment and performance of its Guarantor Obligations, until
such time as all Guarantor Obligations of the Company to Star Funding are paid in full in cash and the Star Agreements are irrevocably
terminated. If any amount shall nevertheless be paid to the Guarantor, such amount shall be held in trust for the benefit of Star
Funding and shall forthwith be paid to Star Funding to be credited and applied to the Guarantor Obligations, whether matured or
not matured. The provisions of this Section 6 shall survive termination of this Validity Guarantee.

 

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6.          Other
Waivers. Guarantor hereby assents, to the extent permitted by law, to all the terms and conditions of the Guarantor Obligations
and waives: (a) notice of acceptance of this Validity Guarantee and all notice of the creation, extension or accrual of any Guarantor
Obligations; (b) presentment, demand for payment, notice of dishonor and protest; (c) notice of any other nature whatsoever; (d)
any requirement of diligence or promptness on the part of Star Funding in the enforcement of any of its rights under the provisions
of any of the Transaction Documents; (e) any requirement that Star Funding take any action whatsoever against the Company or any
other party or file any claim in the event of the bankruptcy of the Company; or (f) failure of Star Funding to protect, preserve
or resort to any Collateral. The waivers set forth in this section shall be effective notwithstanding the fact that the Company
ceases to exist by reason of its liquidation, merger, consolidation or otherwise.

 

7.          Consent.
Guarantor hereby consents that from time to time, and without further notice to or consent of Guarantor, Star Funding may take
any or all of the following actions without affecting the liability of Guarantor: (a) extend, renew, modify, compromise, settle
or release the Guarantor Obligations; (b) release or compromise any liability of any party or parties with respect to the Guarantor
Obligations; (c) release its security interest in the Collateral or exchange, surrender or otherwise deal with the Collateral as
Star Funding may determine; or (d) exercise or refrain from exercising any right or remedy of Star Funding.

 

8.          Obligations
of Guarantor Unconditional; Termination. The obligations of Guarantor under this Validity Guarantee shall be absolute and unconditional,
irrespective of the validity, regularity or enforceability of any Guarantor Obligation or any instrument or agreement evidencing
the same or relating thereto or any other circumstance that might otherwise constitute a defense available to, or a discharge of,
Guarantor. The obligations of Guarantor hereunder shall be absolute and unconditional under any and all circumstances and shall
not be discharged except by complete payment or performance of the Guarantor Obligations and the liabilities of Guarantor hereunder
and shall be joint and several with the obligations of any other party to a guarantee given to Star Funding on behalf of the Company.
This Validity Guarantee and the obligations of Guarantor hereunder shall terminate when the Supply Agreement, the Factoring Agreement
and all other Transaction Documents have been terminated and all obligations of the Company thereunder have been paid and performed
in full, without the need for further action by Star Funding; provided, however, that this Guarantee shall be reinstated if any
such payment or performance is rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be restored
or returned by Star Funding for any reason, including without limitation by reason of the insolvency, bankruptcy or reorganization
of the Company, the Guarantor or any other person.

 

9.          Notices.
All notices and other communications hereunder shall be deemed given when delivered or deposited in the mails, first class postage
prepaid (provided, however, that notices given by telegram, telex or telefax shall be deemed given when dispatched) and if to a
party hereto addressed as set forth beneath its name at the foot hereof unless a party shall give notice of a different address
or telefax number in the manner provided herein.

 

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10.         Survival
of Guarantee. This Validity Guarantee shall inure to the benefit of, and be binding upon, Guarantor and Star Funding and their
respective heirs, executors, administrators, successors and assigns, including any subsequent holder or holders of any Guarantor
Obligations, and the term “Star Funding” shall include any such holder or holders whenever the context permits.

 

11.         Independent
Obligation. Star Funding may proceed against Guarantor under this Validity Guarantee without first proceeding against the Company,
against any other surety or any other person or any security held by Star Funding and without pursuing any other remedy.

 

12.         CONSENT
TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH
OF MANHATTAN, THE CITY OF NEW YORK OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS VALIDITY GUARANTEE. EACH
PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING
OF THE VENUE OF ANY SUCH SUIT ACTION OR PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY AGREES THAT A FINAL JUDGMENT IN ANY SUCH SUIT ACTION
OR PROCEEDING BROUGHT IN SUCH A COURT, AFTER ALL APPROPRIATE APPEALS, SHALL BE CONCLUSIVE AND BINDING UPON IT.

 

13.         GOVERNING
LAW. THIS VALIDITY GUARANTEE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

 

14.         JURY
TRIAL WAIVER. THE PARTIES HERETO DO HEREBY WAIVE ANY AND ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT
OF THIS VALIDITY GUARANTEE.

 

[Remainder of page
intentionally left blank; signature page follows]

  

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[Signature page to
Validity Guarantee]

 

IN WITNESS WHEREOF,
the Guarantor has executed this Validity Guarantee as a sealed instrument as of the date first above written.

 

	 	 
	[name of individual]	 	 
	Address for Notices:	 	 
	 	 
	 	 
	Telephone Number:	 	 
	Telefax Number:	 	 

 

The foregoing Validity Guarantee is hereby
accepted as of the date hereof:

 

	 	STAR FUNDING, INC.
	 	 	 
	 	By:	/s/ Marin Weingarten
	 	 	Name: Martin Weingarten
	 	 	Title: Chief Executive Officer
	 	 	 
	 	Address for Notices:
	 	237 West 37th Street, 5th Floor
	 	New York, New York 10018
	 	Attn: Martin Weingarten
	 	Telephone Number: (212) 768-9900
	 	Telefax Number: (212) 768-9800

 

STATE OF ____________)

                                            ): ss.:

COUNTY OF __________)

 

On the ____ day of
________________, 2012, before me personally came ___________________ to me known, who being by me duly sworn, did depose and say
that he resides at _________________________, that he has read the foregoing instrument and is fully familiar with the contents
thereof; that he signed his name thereto of his own free will and volition.

 

	 	 
	 	Notary Public

 

    	 

    	 

    
 

Schedule of Omitted Documents in the
Form of

Exhibit 10.4, Including Material Detail
in

Which Such Documents Differ From Exhibit
10.4

 

 

  

The following documents
do not differ in material detail from the form of Exhibit 10.4, except with respect to the name of the individual which entered
into the agreement:

 

1. Validity Guarantee,
dated as of October 17, 2012, entered into by and between Star Funding, Inc. and Nicole Ostoya

 

2. Validity Guarantee,
dated as of October 17, 2012, entered into by and between Star Funding, Inc. and Ashumi Kothary

 

3. Validity
Guarantee, dated as of October 17, 2012, entered into by and between Star Funding, Inc. and Robin Coe-Hutshingex10-1.htm

Exhibit 10.1

AGREEMENT FOR LAND ACCESS

 

This agreement between Earlscourt Farms Ltd. (hereafter the “Land Owner”) and North Bay Resources Inc. (hereafter the “Mineral Claim Holder”), herein sets forth the terms for access to the surface of lands owned by the Land Owner and located within certain areas near the West bank of Fraser River within Sections 11 and 14, Township 15, Range 27 (hereafter the "Land") to sample for mineral ores.

 

Representation

 

WHEREAS Mineral Claim Holder makes representation that they are the legal holders of valid placer claims under the British Columbia Mining Act and that they or their officers, employees and agents have applied for and received all required permits to exercise these claims in full accordance with the laws of British Columbia; and,

 

AND WHEREAS, these claims extend beneath certain lands of the Land Owner which are unoccupied and not under cultivation currently; and

 

AND WHEREAS, in consideration of this representation, Land Owner has in consultation agreed to cooperate with Mineral Claim Holder in allowing access to the surface,Now therefore, the parties covenant and agree as follows:

 

Terms and Conditions

 

Compliance

 

The privileges of this agreement are granted on condition of compliance with the terms thereof.  Mineral Claim Holder and its officers, employees and agents shall comply with all federal, provincial and local laws, regulations and ordinances governing, controlling or limiting in any way the work or the persons engaged in the work as well as any permit conditions from the Provincial Mining Inspector and/or other agencies.

 

Location and Extent of Access

 

Mineral Claim Holder shall be allowed access and work space at Six (6) test pit locations on the Land in dimensions as provided in permit from Inspector of Mines and located as shown on attached map, and in accordance with terms of permit. In addition, Mineral Claim Holder shall be allowed access to a mutually agreeable area for screening and sluicing of material removed from test pits, use of water at agreed upon location and staging area for equipment in a mutually suitable area.

 

Schedule of activities

 

All work shall be conducted between date of agreement execution and December 31, 2012.

 

  

  

  

Notice and Communication

 

All official communication shall occur in writing between the parties as follows:

	
Land Owner

	
Mineral Claim Holder

	
Earlscourt Farms

	
North Bay Resources Inc.

	
Box 50 Mile 2 Spencer Rd.

	
PO Box 162

	
Lytton, BC V0K1Z0

	
Skippack, PA 19474 USA

Indemnification

 

Mineral Claim Holder and its officers, employees and agents shall defend, indemnify and hold harmless Land Owner, its officers, employees, agents, heirs and successors from any and every claim and risk and losses, damages, demands, suits, judgments and attorneys' fees, and other expenses of any kind, on account of injury to or death of any and all persons and on account of all property damage of any kind, whether tangible or intangible, including loss of use resulting therefrom, in connection with the work or caused or occasioned in whole or in part by reason of the presence of Mineral Claim Holder or its officers, employees and agents on the Land.

 

Transferal and Authorization

 

This agreement may not be transferred without the express written consent of both parties.

 

Insurance

 

Mineral Claim Holder, its officers, employees and agents shall obtain and continuously carry during the term of the Agreement all such insurance as may be required provided that, at a minimum, Mineral Claim Holder shall carry not less than $1,000,000 in liability insurance on a per occurrence basis with a reputable and duly licensed insurance firm with valid coverage in British Columbia, Canada.

 

Rent

 

In consideration of the foregoing authorization to enter and occupy premises of Land Owner for test pits as outlined above, Mineral Claim Holder shall pay to Land Owner in lawful currency of Canada as follows:$50.00 per day from start of work until completion and restoration of the Land subsequent to conclusion of work associated with the test pits in accordance with permit terms and conditions.

 

  

  

  

 

Renegotiation of Terms of Access

 

In the event of successful test pit results, and in the further event that the Mineral Claim Holder desires to pursue extraction of ore on an increased scale, the parties herein agree to renegotiate the terms of access of the Mineral Holder to the land and its claim(s) therein, in light of the further impact to the land and the Land Owner.

 

  Entire Agreement

 

This agreement represents the entire agreement between the parties hereto pertaining to Ministry of Mines permit # P-4-275 Approval #12-1620779-0625 for test pits.

 

 

Execution of Agreement

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed,

 

	
EARLSCOURT FARMS LTD.

	
 

	
NORTH BAY RESOURCES INC.

	  
	  	  	  	  
	
By:  /s/ Evelyn Mundall-Newell                      

	  	
By:  /s/ Perry Leopold                            

	  
	  	  	  	  
	
Title:  Owner                                                       

	  	
Title:  CEO                                                

	  
	  	  	  	  
	
Date:   11/26/2012                                               

	  	
Date:  11/26/2012

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