Document:

Exhibit 10.5

 

JR RESOURCES CORP.

(FOR NON-U.S. AND U.S. SUBSCRIBERS)

 

 

HAVE YOU COMPLETED THIS SUBSCRIPTION AGREEMENT
PROPERLY?  

 

The following items in this Subscription
Agreement (as defined herein) must be completed. Please initial each box. 

 

All
Subscribers

 

	 	 		All
                                            Subscribers (as defined herein) must complete the information in the boxes on pages 2 and
                                            3.

 

	 	 		All
                                            Subscribers must sign the execution page of this Subscription Agreement on page 2.

 

	 	 		All
                                            Subscribers must wire the appropriate funds to the wire transfer instructions contained in
                                            Schedule “F”

 

Non-U.S.
Subscribers 

 

	 	 	 	Subscribers relying on the
                    “Accredited Investor” exemption under Section 2.3 of NI 45-106 (as defined herein) (except those
                    that are not resident in a province of Canada and not otherwise subject to Canadian Securities Laws (as defined herein))
                    must complete the Canadian Accredited Investor Status Certificate in Schedule “B”, indicating which category
                    is applicable and sign on page B-5.

	 

 

	 	 	·	Subscribers
    relying on categories (j), (k) or (l) of the “Accredited Investor” exemption (and that do not meet the higher financial
    asset threshold set out in category (j.1) of Schedule “B”) must complete Exhibit “I” to Schedule “B”
    and sign on page B-7.
	 	 

 

	 	 		Subscribers
                                            resident outside of Canada and the United States (as defined herein) must complete Schedule
                                            “C”.

 

U.S. Subscribers
   

 

	 	 	 	Subscribers who are in the
                    United States, a U.S. Person (as defined herein) or purchasing securities for the account or benefit of a person
                    or persons that is/are in the United States or U.S. Persons must complete the U.S. Accredited Investor Certificate
                    in Schedule “D”.

	 

 

 

Return this executed Subscription Agreement and
all applicable Schedules to:

 

	Return by:
    

    June 16, 2020	Return
                                            to:

                                            JR RESOURCES CORP.

    241 Ridge Street, Suite 210

    Reno, Nevada 89501

    Email: richard@jrresourcescorp.com

 

JR RESOURCES CORP.

241 Ridge Street, Suite 210

Reno, Nevada 89501

 

together with payment as described herein in the
aggregate Subscription Amount set out on the following page, or in such other manner as may be provided for by the Corporation (as defined
herein).

 

     

     

    

 

JR RESOURCES CORP.

 

NON-BROKERED SUBSCRIPTION AGREEMENT FOR SUBSCRIPTION
RECEIPTS

 

TO:                     JR RESOURCES CORP. (THE “CORPORATION”),
A NEVADA CORPORATION

 

The undersigned, on its own behalf and, if applicable,
on behalf of a Disclosed Principal (as defined herein) for whom it is acting hereunder (the “Subscriber”), hereby
irrevocably subscribes for and agrees to purchase that number of subscription receipts of the Corporation (each a “Subscription
Receipt”) set out below at a price of US$1.00 per Subscription Receipt (the “Subscription Price”). The Subscriber
agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Subscription
Receipts”, including, without limitation, the terms, representations, warranties, covenants, certifications and acknowledgements
set forth in the applicable Schedules attached thereto. The Subscriber further agrees, without limitation, that the Corporation may rely
upon the Subscriber’s representations, warranties, covenants, certifications and acknowledgments contained in such documents.

 

SUBSCRIPTION AND SUBSCRIBER INFORMATION

 

Please print all information (other than signatures),
as applicable, in the space provided below 

 

	 
	 	Subscriber Information and Signature
	 	 
	 	 	 	 
	 	 	 	 
	 	(Name of Subscriber)	 
	 	 	 	 
	
	 	By:	           	 
	 	 	  Authorized Signature	 
	 	 	 	 
	 	 	 	 
	 	(Official Capacity or Title – if the Subscriber is not an
    individual)	 
	 	 	 	 
	 	 	 	 
	 	(Name of individual whose signature appears above if different than
    the name of the Subscriber printed above.)  	 
	 	 	 	 
	 	 	 	 
	 	(Subscriber’s Residential Address, including Municipality
    and Province/State)	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	(Subscriber’s Telephone Number)	 
	 	 	 	 
	 	 	 	 
	 	(Email Address)  	 
	 

 

 

	 
	 
	 
	 
	 	Number
    of Subscription Receipts: 	 	 
	 	 	 	 
	 	 	=
	 	 	 
	 	Aggregate
    Subscription Price: US$                                                       	 
	 	(the
    “Subscription Amount”)
	 

 

	 	 
	 	For
    Canadian Subscribers Only: 
	 
	 	If
    the Subscriber is signing as agent or trustee for a principal (a “Disclosed Principal”) and is not purchasing as trustee
    or agent for accounts fully managed by it, so as to be deemed to be purchasing as principal pursuant to NI 45-106 complete the following:
	 	 	 
	 	(Name
    of Disclosed Principal)	 
	 	 	 
	 	 	 
	 	(Residential
    Address of Disclosed Principal)	 
	 	 	 
	 	(Telephone
    Number of Disclosed Principal)	 
	 	 	 
	
	 	(Account
    Reference, if applicable)	 
	 

 

 

It is anticipated that the securities purchased
hereunder will be issued through physical certificates.

The Subscriber hereby provides the following registration and delivery instructions in connection with the physical settlement of the
Subscription Receipts being purchased hereunder. 

 

    2

     

    

 

	 	 
	 	Account Registration Information:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	(Account Reference, if applicable)
	 	 
	 	 
	 	 
	 	(Address, including Postal / Zip Code)
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 

 

 

 

	 	 
	 	Delivery Instructions:
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	(Account Reference, if applicable)
	 	 
	 	 
	 	 
	 	(Address, including Postal / Zip Code)
	 	 
	 	 
	 	(Telephone Number)
	 	 
	 	 
	 	(Contact Name)
	 

 

 

 

 

	 	 
	 	Number and kind of securities
    of the Corporation held, directly or indirectly, or over which control or direction is exercised by the Subscriber, if any:
	 	 
	 	 
	 	
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
	 

 

 

 

	 	 
	 	For Canadian Subscribers Only: 
	 	 
	 	State
                                            whether Subscriber is an Insider of the Corporation (as such term is defined in the Securities
                                            Act (Ontario)):   

                                                                                                                       

                                                                                                                      Yes
                                             ̈ No
                                             ̈

  
	 	
State
                                            whether Subscriber is a Registrant (as such term is defined in the Securities Act
                                            (Ontario)):  

                                                                                                                                

                                                                                                                               Yes
                                             ̈ No
                                             ̈

                                                                                                                                

                                                                                

	 	
	 

 

 

Execution by the Subscriber above shall constitute
an irrevocable offer and agreement by the Subscriber to subscribe for the securities described herein on the terms and conditions herein
set out. The Corporation shall be entitled to rely on the delivery of a PDF or facsimile copy of this subscription or a copy delivered
by other electronic means, and acceptance by the Corporation of such PDF, facsimile or copy delivered by other electronic means shall
be legally effective to create a valid and binding agreement between the Subscriber and the Corporation in accordance with the terms
and conditions hereof.

 

THE CORPORATION IS NOT A REPORTING ISSUER
IN ANY JURISDICTION AND THE SUBSCRIPTION RECEIPTS WILL BE SUBJECT TO AN INDEFINITE HOLD PERIOD.

 

    3

     

    

 

TERMS AND CONDITIONS OF SUBSCRIPTION FOR SUBSCRIPTION
RECEIPTS

ARTICLE
1 - INTERPRETATION

 

	1.1	Definitions

 

Whenever used in this Subscription
Agreement, unless there is something in the subject matter or context inconsistent therewith, the following words and phrases shall have
the respective meanings ascribed to them as follows:

 

“affiliate” and “distribution”
have the respective meanings ascribed to them in the Securities Act (Ontario).

 

“Business Day” means any day
except Saturday, Sunday and any day on which banking institutions in the State of New York are authorized or required by law or other
governmental action to close.

 

“Canadian Accredited Investor Status
Certificate” has the meaning ascribed to such term in Section 4.2(b)(i).

 

“Canadian Securities Laws”
means, collectively, all Securities Laws of each of the provinces of Canada.

 

“Change of Control Closing”
means the decision by the Corporation to exercise all or part of its right to purchase the Dakota Shares, in one or more closings that
results in the Corporation acquiring Dakota Shares, when aggregated with the Dakota Shares previously acquired or beneficially owned,
that exceed 49.9% of the actually issued and outstanding Dakota Shares, by satisfaction of the conditions set forth in the Dakota Agreement.

 

“Change of Control Closing Date”
means the particular date of the Change of Control Closing that is the Business Day immediately following the date on which all of the
conditions and agreements set forth in the Dakota Agreement are satisfied, or such other date as the parties thereto may agree, provided
that such Change of Control Closing occurs on or prior to the 5:00 p.m. Vancouver time on October 15, 2020, unless terminated prior thereto
by (i) mutual agreement of the Corporation and Dakota or (ii) the purchase by the Corporation of the maximum number of Dakota
Shares as provided for in the Dakota Agreement.

 

“Closing” has the meaning ascribed
to such term in Section 4.1.

 

“Closing Date” has the meaning
ascribed to such term in Section 4.1.

 

“Closing Time” has the meaning
ascribed to such term in Section 4.1.

 

“Control Person” means any
person that holds or is one of a combination of persons that holds (i) a sufficient number of any of the securities of an Corporation
so as to affect materially the control of the Corporation, or (ii) more than 20% of the outstanding voting securities of an Corporation
except where there is evidence showing that the holding of those securities does not affect materially the control of the Corporation.

 

“Corporation” means JR Resources
Corp., a Nevada corporation, and includes any successor corporation to or of the Corporation.

 

“Dakota” means Dakota Territory
Resource Corp., a Nevada corporation.

 

“Dakota Agreement” means the
agreement between the Corporation and Dakota dated May 26, 2020.

 

“Dakota Shares” means shares
of Dakota’s common stock.

 

“Disclosed Principal” has the
meaning ascribed to such term on page 2 of this Subscription Agreement.

 

“Escrow Release Condition”
means that the Change of Control Closing has been effected.

 

 

“Escrow Release Date” has the
meaning ascribed to such term in Section 3.3 hereof.

 

“Escrow Release Deadline” has
the meaning ascribed to such term in Section 3.3 hereof.

 

    4

     

    

 

“Escrowed Funds” has the meaning
ascribed to such term in Section 3.3 hereof.

 

“Governmental Authority” means
any government, parliament, legislature, or any regulatory authority, agency, commission or board of any government, parliament or legislature,
or any court or (without limitation to the foregoing) any other law, regulation or rule-making entity (including, without limitation,
any stock exchange, securities regulatory authority, central bank, fiscal or monetary authority or authority regulating banks), having
jurisdiction in the relevant circumstances.

 

“including” means including
without limitation.

 

“NI 45-106” means National
Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.

 

“Offering” has the meaning
ascribed to such term in Section 3.3.

 

“Person” includes any individual
(whether acting as an executor, trustee administrator, legal representative or otherwise), corporation, firm, partnership, sole proprietorship,
syndicate, joint venture, trustee, trust, unincorporated organization or association, and pronouns have a similar extended meaning.

 

“Personal Information” means
any information about a Person (whether an individual or otherwise) and, with respect to the Subscriber, includes information contained
in this Subscription Agreement and the Schedules incorporated by reference herein.

 

“Registrant” means a dealer,
adviser, investment fund manager, an ultimate designated person or chief compliance officer as those terms are used pursuant to Canadian
Securities Laws, or a person registered or otherwise required to be registered under Canadian Securities Laws.

 

“Regulation D” means Regulation
D under the U.S. Securities Act.

 

“Regulation S” means Regulation
S under the U.S. Securities Act.

 

“Securities Laws” means, as
applicable, the securities laws, regulations, rules, rulings and orders in each of the Selling Jurisdictions, the applicable policy statements,
notices, blanket rulings, orders and all other regulatory instruments of the securities regulators in each of the Selling Jurisdictions.

 

“Selling Jurisdictions” means
all provinces of Canada, pursuant to prospectus exemptions under NI 45-106 and pursuant to the exclusion from the registration requirements
of the U.S. Securities Act afforded by Rule 903 of Regulation S; the United States pursuant to Rule 506(b) of Regulation D to U.S. Accredited
Investors; and outside of Canada and the United States pursuant to the exclusion from the registration requirements of the U.S. Securities
Act afforded by Rule 903 of Regulation S on a private placement or equivalent basis in accordance with applicable laws and provided that
any such laws permit offers and sales of the Subscription Receipts without any obligation on the part of the Corporation to prepare or
file any registration statement, prospectus or other disclosure document and without triggering any disclosure obligations or submission
to the jurisdiction on the part of the Corporation, or as mutually agreed upon by the Corporation.

 

“Subscriber” means the subscriber
for the Subscription Receipts as set out on page 2 of this Subscription Agreement and includes, as applicable, each Disclosed Principal
for whom it is acting.

 

“Subscription Agreement” means
this subscription agreement (including any Schedules hereto) and any instrument amending this Subscription Agreement; “hereof”,
 “hereto”, “hereunder”, “herein” and similar expressions mean and refer to this
Subscription Agreement and not to a particular Article or Section; and the expression “Article” or “Section”
followed by a number means and refers to the specified Article or Section of this Subscription Agreement.

 

“Subscription Amount” has the
meaning ascribed to such term on page 2 of this Subscription Agreement.

 

“Subscription Price” has the
meaning ascribed to such term on page 2 of this Subscription Agreement.

 

“Subscription Receipts” has
the meaning ascribed to such term on page 2 of this Subscription Agreement.

 

“Subscription Receipt Certificate”
means a subscription receipt certificate to be executed on the Closing Date by the Corporation representing the Subscription Receipts
subscribed for hereunder.

 

    5

     

    

 

 

“Term Sheet” means the term
sheet delivered to potential purchasers of Subscription Receipts, a copy of which is attached hereto as Schedule “A”.

 

“Underlying Securities” means,
collectively, the Underlying Shares and Warrants issuable on conversion of the Subscription Receipts, and the Warrant Shares issuable
upon the due exercise of the Warrants.

 

“Underlying Shares” has the
meaning ascribed to such term in Section 3.1 hereof.

 

“United States” means the United
States of America, its territories and possessions, any State of the United States and the District of Columbia.

 

“U.S. Accredited Investor”
means an “accredited investor” as defined in Rule 501(a) of Regulation D.

 

“U.S. Person” means a “U.S.
person” as such term is defined in Rule 902(k) of Regulation S.

 

“U.S. Securities Act” means
the United States Securities Act of 1933, as amended.

 

“U.S. Subscriber” means a Subscriber
of Subscription Receipts who was, at the time of purchase (a) a U.S. Person, (b) any person purchasing the Subscription Receipts on behalf
of, or for the account or benefit of, any U.S. Person or any person in the United States, (c) any person who receives or received an offer
to acquire such Subscription Receipts while in the United States, or (d) any person who was in the United States at the time such person’s
buy order was made or the Subscription Agreement pursuant to which such Subscription Receipts were acquired was executed or delivered.

 

“Warrant” has the meaning ascribed
to such term in Section 3.1 hereof.

 

“Warrant Indenture” means the
warrant indenture to be entered into between the Corporation and the warrant agent named therein pursuant to which the Warrants will be
issued and providing for the definitive terms of the Warrants.

 

“Warrant Share” has the meaning
ascribed to such term in Section 3.1 hereof.

 

	1.2	Gender and Number

 

Words importing the singular
number only shall include the plural and vice versa, words importing the masculine gender shall include the feminine gender and words
importing persons shall include firms and corporations and vice versa.

 

	1.3	Currency

 

Unless otherwise specified,
all dollar amounts in this Subscription Agreement and the Schedules, including the symbol “US$”, are expressed in United States
dollars.

 

	1.4	Subdivisions and Headings

 

The division of this Subscription
Agreement into Articles, Sections, Schedules and other subdivisions and the inclusion of headings are for convenience of reference only
and shall not affect the construction or interpretation of this Subscription Agreement. The headings in this Subscription Agreement are
not intended to be full or precise descriptions of the text to which they refer. Unless something in the subject matter or context is
inconsistent therewith, references herein to an Article, Section, Subsection, paragraph, clause or Schedule are to the applicable article,
section, subsection, paragraph, clause or schedule of this Subscription Agreement.

 

    6

     

    

 

ARTICLE
2 - SCHEDULES

 

	2.1	Description of Schedules

 

The following are the Schedules
attached to and incorporated in this Subscription Agreement by reference and deemed to be a part hereof:

 

	 	Schedule “A”	-	Term Sheet
	 	Schedule “B”	-	Canadian Accredited Investor Status Certificate
	 	Schedule “C”	-	International Jurisdiction Certificate
	 	Schedule “D”	-	U.S. Accredited Investor Certificate
	 	Schedule “E”	-	Contact Information for Canadian Securities Commissions
	 	Schedule “F”	-	Funds Transfer Instructions

 

ARTICLE
3- SUBSCRIPTION AND DESCRIPTION OF SUBSCRIPTION RECEIPTS

 

	3.1	Subscription for the Subscription Receipts

 

The Subscriber hereby confirms
its irrevocable subscription for and offer to purchase from the Corporation that number of Subscription Receipts indicated on page 2 of
this Subscription Agreement, on and subject to the terms and conditions set out in this Subscription Agreement, for the Subscription Amount
which is payable as described in Article 4 hereto. Each Subscription Receipt shall entitle the holder thereof to receive, upon automatic
exchange in accordance with the terms of the Subscription Receipt Certificates, which are summarized in the Term Sheet, without payment
of additional consideration or further action on the part of the holder thereof, one common share in the capital of the Corporation (each,
an “Underlying Share”) and one half (1/2) of one common share purchase warrant of the Corporation (each, a “Warrant”)
upon the satisfaction or waiver (to the extent such waiver is permitted) of the Escrow Release Condition at or prior to the Escrow Release
Deadline, as more fully described in the Subscription Receipt Certificate. Each Warrant entitles the holder thereof to acquire one common
share in the capital of the Corporation (each, a “Warrant Share”) for an exercise price of US$1.50 per Warrant Share
for a period of five (5) years following the Escrow Release Date, subject to adjustment in certain events, as will be more fully described
in the Warrant Indenture. A summary of material terms of the Subscription Receipts, Underlying Shares and Warrants are set forth in the
Term Sheet, reproduced in Schedule “A”; however, reference should be made to the Subscription Receipt Certificate and the
Warrant Indenture for the definitive terms of the Subscription Receipts and the Warrants.  In the event of a conflict or inconsistency
between the provisions hereof, including the Term Sheet, and the Subscription Receipt Certificate or the Warrant Indenture, as applicable,
the Subscription Receipt Certificate or the Warrant Indenture, as applicable, shall be paramount and govern.

 

THE SUBSCRIBER ACKNOWLEDGES
THAT ALL SUBSCRIPTION RECEIPTS WILL BEAR THE FOLLOWING U.S. RESTRICTIVE LEGEND:

 

“THE SECURITIES REPRESENTED
HEREBY AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “U.S. SECURITIES ACT”), OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND MAY
NOT BE TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED EXCEPT (A) PURSUANT TO A REGISTRATION STATEMENT EFFECTIVE
UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. HEDGING
TRANSACTIONS INVOLVING SUCH SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE U.S. SECURITIES ACT.”

 

	3.2	Acceptance and Rejection of Subscription by the
Corporation

 

The Subscriber acknowledges
and agrees that the Corporation reserves the right, in its absolute discretion, to reject this subscription for Subscription Receipts,
in whole or in part, at any time prior to the Closing Time. The Corporation will be deemed to have accepted this offer upon the Corporation’s
execution of the acceptance form of this Subscription Agreement and the delivery (or deposit) of the Subscription Receipts purchased hereunder
(if any) in accordance with the provisions of this Subscription Agreement. If this subscription is rejected in whole, any payment delivered
by the Subscriber to the Corporation representing the Subscription Amount pursuant to this Subscription Agreement, will be promptly returned
to the Subscriber without interest or deduction. If this subscription is accepted only in part, a cheque representing any refund of the
Subscription Amount for that portion of the subscription for the Subscription Receipts which is not accepted will be promptly returned
to the Subscriber by the Corporation without interest or deduction.

 

    7

     

    

 

	3.3	Offering

 

The Subscriber, on its own
behalf and, if applicable, on behalf of a Disclosed Principal for whom it is acting hereunder, hereby acknowledges that the
Subscription Receipts subscribed to hereunder form part of an offering of up to 14,000,000 Subscription Receipts for aggregate gross
proceeds of up to approximately US$14,000,000 directly by the Corporation, to be issued and sold by
the Corporation pursuant to the Subscription Agreement and the Subscription Receipt Certificates (the
 “Offering”).; 

 

On the Closing Date, the gross
proceeds raised in connection with the Offering (collectively, the “Subscription Proceeds”) will be delivered to and
held in escrow on behalf of the subscribers of Subscription Receipts (including the Subscriber) by the Corporation in a segregated account
and invested in an interest bearing account, short-term obligations of, or guaranteed by, the Government of Canada or any other investments
that may be approved by the Corporation (the Subscription Proceeds, together with all interest and other income earned thereon, the “Escrowed
Funds”), pending the satisfaction or waiver (to the extent such waiver is permitted) of the Escrow Release Condition at or prior
to the Escrow Release Deadline, in accordance with the provisions of the Subscription Receipt Certificates.

 

The Escrowed Funds will be released
to the Corporation upon the satisfaction or waiver (to the extent such waiver is permitted) of the Escrow Release Condition at or before
the Escrow Release Deadline, at which time each Subscription Receipt shall automatically be exchanged for one Underlying Share and one
half (1/2) of one Warrant (such date hereinafter referred to as the “Escrow Release Date”). Unless the consent of holders
of not less than 66 2/3% of the then outstanding Subscription Receipts is obtained pursuant to the terms of the Subscription Receipt Certificates,
in the event that the Escrow Release Condition is not satisfied at or before 5:00 p.m. (Vancouver time) on October 15, 2020 (as the same
may be extended in accordance with the terms of the Subscription Receipt Certificates) (the “Escrow Release Deadline”),
the Corporation will return to each holder of Subscription Receipts, an amount equal to the aggregate Subscription Price for the Subscription
Receipts held by such holder plus a pro rata share of any interest or other income earned on the Subscription Proceeds, less applicable
withholding tax, if any. The Corporation shall use its commercially reasonable efforts to meet the Escrow Release Deadline prior to October
15, 2020. To the extent that the Escrowed Funds are insufficient to pay such amounts to the holders of the Subscription Receipts, the
Corporation will be liable for and will be required to contribute such amounts as are necessary to satisfy any shortfall.

 

The description of the Subscription
Receipts, the Underlying Shares and the Warrants contained in the Term Sheet and this Agreement is a summary only and is subject to the
provisions of the Subscription Receipt Certificates and the Warrant Indenture.

 

	3.4	Subscription Receipts

 

The Subscription Receipts will
be created and issued pursuant to the Subscription Receipt Certificates. The specific attributes of the Subscription Receipts will be
set forth in Subscription Receipt Certificates, which provide, among other things, that following the Escrow Release Condition having
been satisfied or, if capable of waiver and permitted to be waived, waived by the necessary parties at or prior to the Escrow Release
Deadline, each Subscription Receipt will be automatically exchanged, without payment of any additional consideration or any further action
by the holder thereof, for one Underlying Share and one Warrant.

 

The Subscription Receipt Certificates
will provide that, at Closing, the Subscription Proceeds will be held in escrow in a segregated account by the Corporation pursuant to
the terms of the Subscription Receipt Certificates and the Corporation shall issue the Subscription Receipts to the subscribers of Subscription
Receipts (including the Subscriber) at the Closing. The Subscription Proceeds will be held in escrow in a segregated account by the Corporation
on behalf of the subscribers of Subscription Receipts (including the Subscriber) and invested in an interest bearing account, short-term
obligations of, or guaranteed by, the Government of Canada or any other investments that may be approved by the Corporation pending the
Escrow Release Condition being satisfied or waived (to the extent such waiver is permitted).

 

The Escrowed Funds will be released
to the Corporation promptly following the date that the Escrow Release Condition has been satisfied or waived (to the extent such waiver
is permitted) by the necessary parties at or before the Escrow Release Deadline, at which time each Subscription Receipt shall automatically
be exchanged for one Underlying Share and one half (1/2) of one Warrant. The Warrants shall be governed by the Warrant Indenture and issued
in accordance with the terms and conditions contained therein. In the event the Escrow Release Condition is not satisfied or waived (to
the extent permitted) at or before the Escrow Release Deadline (as the same may be extended in accordance with the terms of the Subscription
Receipt Certificates), the Corporation will return to the holders of the Subscription Receipts an amount equal to the aggregate Subscription
Price for the Subscription Receipts held by such holder plus a pro rata share of any interest or other income earned on the Subscription
Proceeds, less applicable withholding tax, if any.

 

    8

     

    

 

The Subscriber, on its
own behalf and on behalf of each beneficial purchaser, if any, for whom it is contracting under this Subscription Agreement,
acknowledges and agrees that the rights of the holders of the Subscription Receipts may be modified under the Subscription Receipt Certificates,
pursuant to an ordinary resolution approved either: (i) by holders of Subscription Receipts at a meeting of at which there are
present in person or by proxy holders holding in the aggregate more than 25% of the total number of Subscription Receipts then
outstanding by the affirmative vote of holders voting as a single class who hold in the aggregate not less than 50% of the total
number of Subscription Receipts represented in person and by proxy at the meeting and voted on the resolution; or (ii) by written
consent of holders of Subscription Receipts representing at least 50% of the outstanding Subscription Receipts.

 

The foregoing description
of the Subscription Receipts is a summary only and is subject to the detailed provisions of the Subscription Receipt Certificates pursuant
to which the Subscription Receipts will be issued. In the event of any inconsistency between the provisions hereof and the provisions
of a Subscription Receipt Certificate, the provisions of the Subscription Receipt Certificate will prevail and take precedence.

 

ARTICLE
4 - CLOSING

	4.1	Closing

 

Delivery and sale of the Subscription
Receipts and payment of the aggregate Subscription Amount will be completed (the “Closing”) at the offices of the Corporation’s
Canadian counsel, Stikeman Elliott LLP, in Toronto, Ontario, Canada at 9:00 a.m. (Toronto time) (the “Closing Time”)
on or about June 30, 2020, or such other place or date or time as the Corporation may permit (the “Closing Date”) and
for greater clarity, there may be more than one closing date. If on or prior to the Closing Time, the terms and conditions contained in
this Subscription Agreement have been complied with to the satisfaction of the Corporation or waived by the Corporation, the Subscriber
shall deliver to the Corporation a completed Subscription Agreement and payment of the aggregate Subscription Amount for the Subscription
Receipts purchased, against physical delivery by the Corporation of certificates representing the Subscription Receipts or delivery by
the Corporation of such other evidence of issue of the Subscription Receipts as the Corporation may permit in accordance with the Subscription
Receipt Certificates, and such other documentation as may be required pursuant to this Subscription Agreement or the Subscription Receipt
Certificates. The Subscriber will take up, purchase and pay for the Subscription Receipts purchased hereunder at the Closing upon acceptance
of this offer by the Corporation.

 

If, prior to the Closing Time,
the terms and conditions contained in this Subscription Agreement (other than the physical delivery by the Corporation of Subscription
Receipt Certificates or the delivery by the Corporation of such other evidence of issue of the Subscription Receipts as the Corporation
may permit in accordance with the Subscription Receipt Certificates) have not been complied with to the satisfaction of the Corporation,
or waived by the relevant party, the Corporation and the Subscriber will have no further obligations under this Subscription Agreement.

 

It is anticipated that the
securities purchased hereunder will be issued through physical certificates or through book entry or such other electronic means as the
Corporation may in its discretion determine on the Closing Date.

 

	4.2	Conditions of Closing

 

The Subscriber acknowledges
and agrees that the Corporation is relying on the truth of the representations and warranties of the Subscriber contained in this Subscription
Agreement as of the date of this Subscription Agreement, and as of the Closing Time as if made at and as of the Closing Time, and the
fulfillment of the following additional conditions prior to the Closing Time:

 

		(a)	on or about June 23, 2020,

 

		(i)	the Subscriber having delivered a properly completed and signed Subscription Agreement (including all
applicable Schedules hereto) to the Corporation at the address below, and having made payment arrangements for the Subscription Amount
in a manner acceptable to the Corporation:

 

JR RESOURCES CORP.

241 Ridge Street,
Suite 210

Reno, Nevada 89501

 

Attention:          Richard
Silas 

Email:                  richard@jrresourcescorp.com

 

    9

     

    

 

		(ii)	if the Subscriber is resident of Canada or otherwise subject to Canadian Securities Laws, the Subscriber
having properly completed, signed and delivered (A) Schedule “B” (the Canadian Accredited Investor Status Certificate) attached
hereto, and (B) Exhibit “I” to Schedule “B” if subscribing under categories (j), (k) or (l) of the Canadian Accredited
Investor Status Certificate;

 

		(iii)	if the Subscriber is resident outside of Canada and the United States, the Subscriber having properly
completed, signed and delivered Schedule “C” (the International Jurisdiction Certificate) attached hereto; and

 

		(iv)	if the Subscriber is a U.S. Subscriber, the Subscriber having property completed, signed and delivered
Schedule “D” (the U.S. Accredited Investor Certificate) attached hereto;

 

		(b)	the Subscriber having executed and returned to the Corporation, at the Corporation’s request, all
other documents as may be required by the Securities Laws for delivery by the Corporation on behalf of the Subscriber;

 

		(c)	the Corporation having obtained all necessary approvals and consents in respect of the Offering; and

 

		(d)	the issue and sale of the Subscription Receipts being exempt from the requirement to file a prospectus
and the requirement to deliver an offering memorandum or similar disclosure document under applicable securities legislation relating
to the sale of the Subscription Receipts, or the Corporation having received such orders, consents or approvals as may be required to
permit such sale without the requirement to file a prospectus or registration statement or deliver an offering memorandum.

 

ARTICLE
5 – REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE CORPORATION

 

	5.1	Representations, Warranties and Covenants of
the Corporation

 

The Corporation represents and warrants to Subscriber as follows:

 

		(a)	The Corporation is a corporation duly organized, validly existing, and in good standing under the laws
of the State of Nevada, has all requisite power and authority to execute and deliver this Subscription Agreement, to issue and sell the
Subscription Receipts, to carry out the provisions of the Subscription Agreement, and to conduct its business and activities as they are
now being conducted.

 

		(b)	This Subscription Agreement is a legal, valid, and binding obligation of the Corporation, enforceable
against the Corporation in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, or other similar
laws of general application or by general principles of equity.

 

		(c)	The Subscription Receipts that are being purchased by Subscriber when issued, sold and delivered in accordance
with the terms of this Subscription Agreement and the Subscription Receipt Certificate, upon the Corporation’s receipt of the Subscription
Amount, will be duly and validly issued, and will be free of restrictions on transfer other than restrictions on transfer under this Subscription
Agreement and applicable Canadian and United States state and federal securities laws.

 

		(d)	To the Corporation’s knowledge, the operations of the Issuer are and have been conducted at all
times in compliance with applicable financial recordkeeping and reporting requirements of money laundering statutes, the rules and regulations
thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any government or Governmental
Authority (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or Governmental
Authority or any arbitrator involving the Issuer or any Subsidiary with respect to the Money
Laundering Laws is pending, or to the knowledge of the Issuer is threatened.

 

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		(e)	The Corporation has conducted and is conducting its business in compliance in all material respects with
all applicable laws and regulations of each jurisdiction in which it carries on business or holds assets (including all applicable federal,
state, municipal and local environmental anti-pollution and licensing laws, regulations and other lawful requirements of any governmental
or regulatory body, including all Governmental Authorities), holds all permits, licenses and like authorizations necessary for it to carry
on its business in each jurisdiction where such business is carried on that are material to the conduct of the business of the Corporation.

 

		(f)	There is no claim, action, suit, proceeding, arbitration, complaint, charge or investigation pending or,
to the Corporation’s knowledge, currently threatened against the Corporation. The Corporation is not a party or is named as subject
to the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality.

 

ARTICLE
6 - ACKNOWLEDGEMENTS, REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE
SUBSCRIBER

 

		6.1	Acknowledgements, Representations, Warranties
and Covenants of the Subscriber

 

The Subscriber, on its own behalf
and, if applicable, on behalf of a Disclosed Principal for whom it is acting hereunder, hereby acknowledges, represents and warrants to,
and covenants with, the Corporation as follows and acknowledges that the Corporation is relying on such acknowledgements, representations,
warranties and covenants in connection with the transactions contemplated herein:

 

		(a)	The Subscriber confirms that it:

 

		(i)	has such knowledge in financial and business affairs as to be capable of evaluating the merits and risks
of its investment in the Subscription Receipts, including the potential loss of its entire investment;

 

		(ii)	is aware of the characteristics of the Subscription Receipts and understands the risks relating to an
investment therein; and

 

		(iii)	is able to bear the economic risk of loss of its investment in the Subscription Receipts.

 

		(b)	The Subscriber is resident, or if not an individual has its head office, in the jurisdiction set out on
page 2 of this Subscription Agreement and intends that the Securities Laws of that jurisdiction govern the Subscriber’s subscription.
Such address was not created and is not used solely for the purpose of acquiring the Subscription Receipts and the Subscriber was solicited
to purchase in only such jurisdiction.

 

		(c)	If the Subscriber is not a Person resident in Canada, the subscription for the Subscription Receipts by
the Subscriber is being made pursuant to exemptions under, and does not contravene any of the applicable Securities Laws in the jurisdiction
in which the Subscriber resides and does not give rise to any obligation of the Corporation to prepare and file a prospectus or similar
document or to register the Subscription Receipts or the Underlying Securities, or to be registered with or to file any report or notice
with any governmental or regulatory authority or to comply with any continuous disclosure obligations, in each case, under the applicable
Securities Laws of the jurisdiction in which the Subscriber resides.

 

		(d)	As applicable, the Subscriber has properly completed, signed and delivered to the Corporation this Subscription
Agreement, Schedule “B” (Canadian Accredited Investor Status Certificate) and, if applicable, Exhibit “I” to Schedule
 “B” attached hereto, Schedule “C” (International Jurisdiction Certificate), and Schedule “D” (U.S.
Accredited Investor Certificate) attached hereto, and the acknowledgements, representations, warranties, covenants and information contained
herein and therein are true and correct as of the date hereof and will be true and correct as of the Closing Time and if
less than a complete copy of this Subscription Agreement is delivered to the Corporation, the Corporation and its respective advisors
are entitled to assume that the Subscriber accepts and agrees to all the terms and conditions of the pages not delivered, unaltered.

 

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		(e)	The Subscriber is aware that the Subscription Receipts (and the Underlying Securities) have not been and
will not be registered under the U.S. Securities Act or the Securities Laws of any state of the United States and that the Subscription
Receipts (and the Underlying Securities) may not be offered or sold, directly or indirectly, in the United States without registration
under the U.S. Securities Act and applicable state Securities Laws or compliance with the requirements of an exemption from registration
therefrom and it acknowledges that the Corporation has no present intention of filing a registration statement under the U.S. Securities
Act or applicable state Securities Laws in respect of any such securities; accordingly, the Subscription Receipts (and the Underlying
Securities) are (or will be when issued) “restricted securities” within the meaning of Rule 144(a)(3) of the U.S. Securities
Act.

 

		(f)	Unless the Subscriber has properly completed, signed and delivered Schedule “D” attached hereto
(in which case the Subscriber makes the representations and warranties therein), the Subscriber, or beneficial purchaser, if any, for
whom it is acting as trustee or agent:

 

		(i)	is not a U.S. Person and is not acquiring the Subscription Receipts for the account or benefit of a U.S.
Person or a Person in the United States;

 

		(ii)	acknowledges an agrees that the Subscription Receipts have not been offered to the Subscriber in the United
States, and the individuals making the order to purchase the Subscription Receipts and executing and delivering this Subscription Agreement
on behalf of the Subscriber were not in the United States when the order was placed and this Subscription Agreement was executed and delivered;

 

		(iii)	acknowledges and agrees that offers and sales of any of the Subscription Receipts or the Underlying Securities
prior to the expiration of a period of one year after the date of the issuance of such securities (such one year period hereinafter referred
to as 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 U.S. Securities Act or an exemption therefrom, and all offers and sales
after the Distribution Compliance Period shall be made only in compliance with the registration provisions of the U.S. Securities Act
or an exemption therefrom and in each case only in compliance with applicable state securities laws, and the Subscriber and any transferee
of the such securities agree not to engage in hedging transactions involving such securities unless such transactions are in compliance
with the provisions of the U.S. Securities Act and in each case only in compliance with applicable state securities laws;

 

		(iv)	understands that the Corporation is the seller of the Subscription Receipts and the Underlying Securities
and that, for purposes of Regulation S, a “distributor” is any underwriter, dealer or other person who participates, pursuant
to a contractual arrangement, in the distribution of the securities sold in reliance on Regulation S and that an “affiliate”
is any partner, officer, director or any person directly or indirectly controlling, controlled by or under common control with any person
in question; the Subscriber agrees that it will not, during the Distribution Compliance Period described in Regulation S, act as a distributor,
either directly or through any affiliate, or offer, sell, transfer, or otherwise dispose of the Subscription Receipts or the Underlying
Securities other than (i) to or for the account or benefit of a person outside the United States or a non-U.S. Person and in compliance
with Regulation S, (ii) pursuant to an effective registration statement under the U.S. Securities Act and in compliance with all applicable
state securities laws, or (iii) pursuant to an available exemption from registration under the U.S. Securities Act and all applicable
state securities laws, and in each case, the Corporation has consented to such sale, transfer or other disposition; the Subscriber understands
that the Corporation will refuse to transfer the Subscription Receipts or the Underlying Securities
absent compliance with the foregoing;

 

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		(v)	acknowledges and understands that in the event the Subscription Receipts or the Underlying Securities
are offered, sold or otherwise transferred by the Subscriber prior to the expiration of the Distribution Compliance Period specified in
Regulation S, the purchaser or transferee must agree not to resell such securities except in compliance with the provisions of Regulation
S, pursuant to registration under the U.S. Securities Act, or pursuant to an available exemption from registration, and in each case,
in compliance with all applicable state securities laws; and must further agree not to engage in hedging transactions with regard to such
securities unless in compliance with the U.S. Securities Act; and

 

		(vi)	acknowledges and agrees that the Subscription Receipts and the Underlying Securities will be “restricted
securities” within the meaning of Rule 144(a)(3) under the U.S. Securities Act and will remain “restricted securities”
notwithstanding any resale within or outside the United States unless the sale is completed pursuant to an effective registration statement
under the U.S. Securities Act or pursuant to an exemption therefrom, including in accordance with Rule 144 under the U.S. Securities Act
(“Rule 144”), if available; the Subscriber acknowledges that the Subscription Receipts or the Underlying Securities
will be subject to a minimum hold period of at least one year under Rule 144 from the date of issuance; the Subscriber acknowledges that
it has been advised to obtain independent legal and professional advice on the requirements of Rule 144, and that the Subscriber has been
advised that resales of the Subscription Receipts or the Underlying Securities may be made only under certain circumstances; the Subscriber
understands that to the extent that Rule 144 is not available, the Subscriber may be unable to sell any of the Subscription Receipts or
the Underlying Securities without either registration under the U.S. Securities Act or the availability of another exemption or exclusion
from such registration requirements, and in all cases pursuant to exemptions from applicable securities laws of any applicable state of
the United States.

 

		(g)	The Subscriber undertakes and agrees that it will not offer or sell any of the Subscription Receipts (or
the Underlying Securities) in the United States or to, or for the account or benefit of U.S. Persons, unless such securities are registered
under the U.S. Securities Act and the Securities Laws of all applicable states of the United States, or an exemption from such registration
requirement is available, and further that the Subscriber will not resell or transfer the Subscription Receipts (or the Underlying Securities)
subscribed for hereunder except in accordance with the provisions of the Corporation’s constating documents, applicable securities
legislation, regulations, rules, policies and orders and stock exchange rules.

 

		(h)	The Subscriber confirms that the current structure of this transaction and all transactions and activities
contemplated hereunder is not a scheme to avoid the registration requirements of the U.S. Securities Act.

 

		(i)	The Subscriber is not purchasing the Subscription Receipts and the Underlying Securities as the result
of any “directed selling efforts” (as defined in Rule 902(c) of Regulation S).

 

		(j)	The Subscriber acknowledges and agrees that the Warrants may not be exercised by, or for the account or
benefit of, a U.S. Person or a person in the United States unless an exemption from the registration requirements of the U.S. Securities
Act and applicable state securities laws is available to the holder and the holder has furnished an opinion of counsel of recognized standing
in form and substance reasonably satisfactory to the Corporation to such effect or, at the Corporation’s option, as applicable,
other evidence of exemption satisfactory to the Corporation; provided, however, that the original Subscriber that purchased the Subscription
Receipts in the Offering for its own account or for the account or benefit of a Disclosed Principal, and properly completed either Schedule
 “B” (Canadian Accredited Investor Status Certificate) and, if applicable, Exhibit “I” attached thereto, or Schedule
 “C” (International Jurisdiction Certificate), or Schedule “D” (U.S. Accredited Investor Certificate) of the Subscription
Agreement, will not be required to deliver an opinion of counsel in connection with its exercise of the Warrant on its own behalf or on
behalf of such Disclosed Principal, provided that it, and such Disclosed Principal, provides a representation
to the Corporation as of the date of exercise of the Warrants that all the representations, warranties and covenants made by it herein,
including all applicable Schedules hereto, remain true as of the date of the exercise.

 

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		(k)	The execution and delivery of this Subscription Agreement, the performance and compliance with the terms
hereof, the subscription for the Subscription Receipts and the completion of the transactions described herein by the Subscriber will
not result in any material breach of, or be in conflict with or constitute a material default under, or create a state of facts which,
after notice or lapse of time, or both, would constitute a material default under any term or provision of the constating documents, by-laws
or resolutions of the Subscriber, if applicable, the Securities Laws or any other laws applicable to the Subscriber, any agreement to
which the Subscriber is a party, or any judgment, decree, order, statute, rule or regulation applicable to the Subscriber.

 

		(l)	The Subscriber is subscribing for the Subscription Receipts as principal for its own account and not for
the benefit of any other Person (within the meaning of applicable Securities Laws) or if it is not subscribing as principal it is acting
as agent for a Disclosed Principal (whose identity is disclosed on page 2 of this Subscription Agreement) who is purchasing as principal
for its own account and not for the benefit of any other Person.

 

		(m)	If the Subscriber is contracting hereunder as trustee or agent for a fully managed account (including
for greater certainty, a portfolio manager or comparable advisor) or as trustee or agent for a Disclosed Principal, the Subscriber is
duly authorized to execute and deliver this Subscription Agreement and all other necessary documentation in connection with such subscription
and if the Subscriber is acting as trustee or agent for a Disclosed Principal, who is subscribing as principal for its own account and
not for the benefit of any other Person, this Subscription Agreement has been duly authorized, executed and delivered by or on behalf
of and constitutes a legal, valid and binding agreement of such Disclosed Principal and the Subscriber acknowledges that the Corporation
may be required by applicable laws to disclose to certain regulatory authorities the identity of such Disclosed Principal for whom it
is acting.

 

		(n)	In the case of a subscription for the Subscription Receipts by the Subscriber acting as principal, this
Subscription Agreement has been duly authorized, executed and delivered by, and constitutes a legal, valid and binding agreement of the
Subscriber. This Subscription Agreement is enforceable in accordance with its terms against the Subscriber.

 

		(o)	If the Subscriber is:

 

		(i)	a corporation, the Subscriber is duly incorporated and is validly subsisting under the laws of its jurisdiction
of incorporation and has all requisite legal and corporate power and authority to execute and deliver this Subscription Agreement, to
subscribe for the Subscription Receipts as contemplated herein and to carry out and perform its covenants and obligations under the terms
of this Subscription Agreement and has obtained all necessary approvals in respect thereof, and the individual signing this Subscription
Agreement has been duly authorized to execute and deliver this Subscription Agreement;

 

		(ii)	a partnership, syndicate or other form of unincorporated organization, the Subscriber has the necessary
legal capacity and authority to execute and deliver this Subscription Agreement, to subscribe for the Subscription Receipts as contemplated
herein and to observe and perform its covenants and obligations hereunder and has obtained all necessary approvals in respect thereof
and the individual signing this Subscription Agreement has been duly authorized to execute and deliver this Subscription Agreement; or

 

		(iii)	an individual, the Subscriber is of the full age of majority in his or her jurisdiction of residence and
is legally competent to execute, deliver and be bound by the terms of this Subscription Agreement, to subscribe for the Subscription Receipts
contemplated herein and to observe and perform his or her covenants and obligations hereunder.

 

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	 	If the Subscriber, or any Disclosed Principal, is a corporation or a partnership, syndicate, trust association, or any other form of
unincorporated organization or organized group of persons, the Subscriber or such Disclosed Principal was not created or being used solely
to permit purchases of or to hold securities without a prospectus in reliance on a prospectus exemption.

 

		(p)	There is no Person acting or purporting to act in connection with the transactions contemplated herein
who is entitled to any brokerage or finder’s fee.

 

		(q)	The Subscriber is not acting jointly or in concert with any other subscriber in connection with the Offering
for the purpose of the acquisition of the Subscription Receipts.

 

		(r)	If required by applicable Securities Laws, the Subscriber will execute, deliver and file or assist the
Corporation in filing such reports, undertakings and other documents with respect to the issue of the Subscription Receipts as may be
required by any securities commission, stock exchange or other regulatory authority.

 

		(s)	The Subscriber has been advised to consult its own legal advisors with respect to the execution, delivery
and performance by it of this Subscription Agreement and the transactions contemplated herein, including trading in the Subscription Receipts
and Underlying Securities, and with respect to the hold periods imposed by the Securities Laws of the Selling Jurisdiction in which the
Subscriber resides and other applicable Securities Laws, and acknowledges that no representation has been made by the Corporation respecting
the applicable hold periods imposed by the Securities Laws or other resale restrictions applicable to such securities which restrict the
ability of the Subscriber (or others for whom it is contracting hereunder) to resell such securities, that the Subscriber (or others for
whom it is contracting hereunder) is solely responsible to find out what these restrictions are, that the Subscriber is solely responsible
(and the Corporation is in any way responsible) for compliance with applicable resale restrictions and that the Subscriber (or others
for whom it is contracting hereunder) is aware that it may not resell such securities except in accordance with limited exemptions under
the Securities Laws and other applicable Securities Laws and in accordance with the Corporation’s constating documents.

 

		(t)	The Subscriber has not received or been provided with a prospectus, offering memorandum (within the meaning
of the Securities Laws) or any sales or advertising literature or media in connection with the Offering or any document purporting to
describe the business and affairs of the Corporation which has been prepared for review by prospective purchasers to assist in making
an investment decision in respect of the Subscription Receipts and the Subscriber’s decision to subscribe for the Subscription Receipts
was not based upon, and the Subscriber has not relied upon, any oral or written representations as to facts made by or on behalf of the
Corporation, or any employee, agent or affiliate thereof or any other person associated therewith, except as set forth herein. The Subscriber’s
decision to subscribe for the Subscription Receipts was based solely upon this Subscription Agreement (including the Term Sheet) and any
information about the Corporation which is publicly available (any such information having been obtained by the Subscriber without independent
investigation or verification by the Corporation).

 

		(u)	Neither the Corporation nor any of its directors, employees, officers, affiliates or agents have made
any written or oral representations:

 

		(i)	that any Person will resell or repurchase the Subscription Receipts or the Underlying Securities;

 

		(ii)	that any Person will refund all or any part of the Subscription Amount;

 

		(iii)	as to the future price or value of the Subscription Receipts or the Underlying Securities; or

 

		(iv)	that the Corporation is or will become a reporting issuer in any jurisdiction.

 

		(v)	The Subscriber acknowledges and agrees that the Corporation is not a reporting issuer in
                                                          any jurisdiction and the Corporation cannot
and is not representing that the Subscription Receipts (or the Underlying Securities) are or will be listed on the Canadian Securities
Exchange, the TSX Venture Exchange, the Toronto Stock Exchange or any other exchange and no market exists for the securities of the Corporation.

 

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		(w)	The Subscriber is not purchasing the Subscription Receipts with knowledge of any material information
concerning the Corporation that has not been generally disclosed.

 

		(x)	The subscription for the Subscription Receipts has not been made through or as a result of, and the distribution
of the Subscription Receipts is not being accompanied by any form of “general solicitation” or “general advertising”
(as those terms are used in Regulation D), including without limitation in printed public media, radio, television or telecommunications,
including electronic display, or as part of a general solicitation.

 

		(y)	The funds representing the Subscription Amount which will be advanced by the Subscriber to the Corporation
hereunder will not represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing
Act (Canada) (the “PCMLTFA”), the United Kingdom’s Proceeds
of Crime Act 2002 (the “POCA”) or the Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act (the “PATRIOT Act”), and the Subscriber acknowledges that the Corporation
may in the future be required by law to disclose the Subscriber’s name and other information relating to this Subscription Agreement
and the Subscriber’s subscription hereunder, on a confidential basis, pursuant to the PCMLTFA, POCA or the PATRIOT Act. To the best
of its knowledge (a) none of the subscription funds to be provided by the Subscriber (i) have been or will be derived from or related
to any activity that is deemed criminal under the laws of Canada, the United States, or any other jurisdiction, or (ii) are being tendered
on behalf of a Person or entity who has not been identified to the Subscriber, and (b) the Subscriber shall promptly notify the Corporation
if the Subscriber discovers that any of such representations ceases to be true, and to provide the Corporation with appropriate information
in connection therewith.

 

	6.2	Acknowledgments and Covenants of the Subscriber

 

The Subscriber acknowledges, covenants and agrees as follows:

 

		(a)	It (i) has received and reviewed a copy of each of the Term Sheet and (ii) has had the opportunity to
ask and have answered any and all questions which the Subscriber wished to have answered with respect to the subscription for the Subscription
Receipts made hereunder and all such questions have been answered to Subscriber’s full satisfaction, or Subscriber elected to waive
such opportunity.

 

		(b)	It is not relying upon the Corporation to conduct any due diligence investigation on behalf of the Subscriber
concerning the Offering, the Subscription Receipts, the Underlying Securities or the Corporation’s business, management, financial
position or condition.

 

		(c)	The offer of the Subscription Receipts does not constitute a recommendation to purchase the Subscription
Receipts or financial product advice and the Subscriber acknowledges that the Corporation has not had regard to the Subscriber’s
particular objectives, financial situation or needs.

 

		(d)	There are risks associated with the purchase of the Subscription Receipts and no securities commission,
agency, governmental authority, regulatory body, stock exchange or similar regulatory authority has reviewed or passed on the merits of
Subscription Receipts nor have any such agencies or authorities made any recommendations or endorsement with respect to the Subscription
Receipts.

 

		(e)	The Subscription Receipts (and the Underlying Securities) may be subject to indefinite statutory resale
restrictions under the Securities Laws of the Selling Jurisdiction in which the Subscriber resides and under other applicable Securities
Laws, and the Subscriber covenants that it will not resell the Subscription Receipts (or the Underlying Securities) except in compliance
with such applicable Securities Laws and the Corporation’s
constating documents and the Subscriber acknowledges that it is solely responsible (and the Corporation is in any way responsible) for
such compliance.

 

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		(f)	The Subscriber’s ability to transfer the Subscription Receipts (and the Underlying Securities)
is limited by, among other things, applicable Securities Laws.

 

		(g)	The Subscription Receipts and the Underlying Securities shall have attached to them, whether on certificates
that may be issued or otherwise, a legend setting out resale restrictions under applicable Securities Laws substantially in the following
form (and with the necessary information inserted):

 

	 	THE SECURITIES REPRESENTED HEREBY [for Subscription Receipts, insert: AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF] [for
Warrants, insert: AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF] HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES AND MAY NOT BE TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED EXCEPT (A) PURSUANT TO A REGISTRATION
STATEMENT EFFECTIVE UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION
THEREUNDER. HEDGING TRANSACTIONS INVOLVING SUCH SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE U.S. SECURITIES ACT.

 

	 	[For Warrants, insert: “THIS WARRANT MAY NOT BE EXERCISED IN THE UNITED STATES OR BY OR FOR THE ACCOUNT OR BENEFIT OF
A U.S. PERSON OR A PERSON IN THE UNITED STATES UNLESS THESE SECURITIES AND THE UNDERLYING SECURITIES HAVE BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE. “UNITED
STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE U.S. SECURITIES ACT.”]

 

	 	[For Canadian Subscribers only, insert additional legend for Subscription Receipts and Warrants: “UNLESS PERMITTED UNDER
SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE
LATER OF (I) [CLOSING DATE], AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY.”]

 

		(h)	The Corporation is relying on an exemption from the requirement to provide the Subscriber with a prospectus
under the Securities Laws and, as a consequence of acquiring the Subscription Receipts pursuant to such exemption:

 

		(i)	certain protections, rights and remedies provided by the Securities Laws, including statutory rights of
rescission, or damages and certain statutory remedies against an issuer, underwriters, auditors, directors and officers that are available
to investors who acquire securities offered by a prospectus, will not be available to the Subscriber,

 

		(ii)	the common law may not provide investors with an adequate remedy in the event that they suffer investment
losses in connection with securities acquired in a private placement,

 

		(iii)	the Subscriber may not receive information that would otherwise be required to be given under the Securities
Laws, and

 

		(iv)	the Corporation is relieved from certain obligations that would otherwise apply under the Securities Laws.

 

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		(i)	In purchasing the Subscription Receipts, the Subscriber has relied solely upon this Subscription Agreement
(including, for greater certainty, the Term Sheet), and not upon: (i) any videos or other materials purporting to describe the business
and affairs of the Corporation; and (ii) any verbal or written representation as to any fact or otherwise made by or on behalf of the
Corporation or any of its respective directors, officers, employees, agents or representatives.

 

		(j)	The offer, issuance, sale and delivery of the Subscription
Receipts is conditional upon such sale being exempt from the prospectus filing or registration
requirements and the requirement to deliver an offering memorandum in connection with the distribution of the Subscription Receipts
under the Securities Laws of the Selling Jurisdictions or upon the issuance of such orders,
consents or approvals as may be required to permit such sale without the requirement of filing a prospectus.

 

		(k)	The Corporation may complete additional financings in the future
in order to develop the business of the Corporation and fund its ongoing development, and such future financings may have a dilutive effect
on current shareholders or securityholders of the Corporation, including the Subscriber. However there is no assurance that any
future financings will be available, on reasonable terms or at all, and if not so available, could have a material adverse effect on the
Corporation’s business, financial condition, performance or prospects.

 

		(l)	The Subscriber is responsible for obtaining such legal and tax advice as it considers appropriate in connection
with the execution, delivery and performance of this Subscription Agreement and the transactions contemplated under this Subscription
Agreement and is not relying on the Corporation’s counsel in this regard.

 

		(m)	This offer to subscribe is made for valuable consideration and may not be withdrawn, cancelled, terminated
or revoked by the Subscriber without the consent of the Corporation.

 

		(n)	There is no government or other insurance covering the Subscription Receipts.

 

		(o)	The Subscriber is aware that there is no minimum gross proceeds amount under the Offering, the Corporation
may close on any amount and the Subscriber may be the only purchaser under the Offering and the funds available under the Offering may
not be sufficient for the Corporation to accomplish its proposed objectives. While the Corporation is seeking to raise up to $14,000,000
pursuant to the Offering there is no guarantee that the Corporation will successfully raise such amount pursuant to the Offering. Further,
raising such amount pursuant to the Offering may take longer to close than expected. The Subscriber acknowledges that the failure of the
Corporation to raise up to $14,000,000 pursuant to the Offering, or unexpected delays in closing the Offering for up to $14,000,000 could
materially adversely affect the Corporation’s performance and prospects, including in particular its capacity to complete its business
objectives. The Subscriber further acknowledges that the Corporation may increase the size of the Offering and/or offer or sell additional
securities concurrently with the Offering without notice to the Subscriber, which may have a dilutive effect on current shareholders or
securityholders of the Corporation, including the Subscriber.

 

		(p)	The Subscriber is aware that the Corporation is a non-reporting issuer and for whose securities there
is no market whatsoever.

 

		(q)	Legal counsel retained by the Corporation is acting as counsel to the Corporation and not as counsel to
the Subscriber.

 

		(r)	The Subscriber acknowledges that any financial projections, assumptions or estimates delivered or communicated
to Subscriber are not statements of fact and that no representation or warranties are made, by the Corporation or any officer, director,
shareholder, employee or agent thereof, with respect to the accuracy of such projections, assumptions or estimates or with respect to
the future operations or the amount of any future income or loss of the Corporation.

 

    18

     

    

 

		(s)	The Subscriber understands and acknowledges that the Corporation is not obligated to file, and has no present intention of filing with
the United States Securities and Exchange Commission or with any state securities regulatory authority any registration statement in respect
of resales of the Securities.

 

		(t)	The Subscriber consents to the Corporation making a notation on its records or giving instruction to the
registrar and transfer agent of the Corporation in order to implement the restrictions on transfer and exercise with respect to the Securities
set forth and described in this Subscription Agreement.

 

		6.3	Further Acknowledgements of the Subscriber

 

The Subscriber acknowledges
that this Subscription Agreement and the Schedules hereto require the Subscriber to provide certain personal information to the Corporation.
Such information is being collected by the Corporation for the purposes of completing the Offering and complying with the Corporation’s
U.S. and Canadian regulatory requirements, which includes, without limitation, determining the Subscriber’s eligibility to purchase
the Subscription Receipts under the Securities Laws, other applicable securities laws and completing filings that may be required by any
stock exchange or securities regulatory authority or by any U.S. state, local or municipal regulatory authority. The Subscriber hereby
acknowledges, agrees and consents to: (a) the disclosure of Personal Information to each of the Corporation, a stock exchange, securities
regulatory authorities, the Canada Revenue Agency or other taxing authorities, and any of the other parties involved in the Offering,
including legal counsel to the Corporation, and that Personal Information may be included in record books in connection with the Offering;
and (b) the collection, use and disclosure of Personal Information by the Corporation for corporate finance and shareholder communication
purposes or such other purposes as are necessary to the Corporation’s business, including, without limitation, determining the Subscriber’s
eligibility to purchase the Subscription Receipts under the Securities Laws and other applicable Securities Laws and completing filings
required by any stock exchange or securities regulatory authority. The Subscriber also consents to the filing of copies or originals of
any of the Subscriber’s documents described herein as may be required to be filed with any stock exchange or securities regulatory
authority in connection with the transactions contemplated hereby. The Subscriber represents and warrants that it has the authority to
provide the consents and acknowledgements set out in this section on behalf of each Disclosed Principal, as applicable.

 

The Subscriber hereby acknowledges
and consents to the collection, use, and disclosure of Personal Information by the applicable provincial securities commission, including
the publishing or otherwise making available to the public Personal Information including, for individuals, their name, number and type
of securities purchased, the purchase price therefor, and their insider or registrant status, if applicable, and for non-individual Subscribers,
the above information and their address, contact person name and telephone number and the exemption relied upon. The Subscriber acknowledges
and agrees that the Subscriber has been notified by the Corporation, (i) of the delivery to securities regulatory authorities of Personal
Information pertaining to the Subscriber included in Schedule 1 and 2 (if any) of Form 45-106F1, including, without limitation, the full
name, residential address and telephone number of the Subscriber, the number and type of securities purchased and the total purchase price
paid in respect of the Subscription Receipts, (ii) that this information is being collected indirectly by securities regulatory authorities
under the authority granted to it in applicable securities legislation, (iii) that this information is being collected for the purposes
of the administration and enforcement of such securities legislation, (iv) that the title, business address and business telephone number
of the public official in each of the provinces of Canada who can answer questions about the applicable securities regulatory authorities’
indirect collection of the information is as listed in Schedule “E” hereto. The Subscriber and any beneficial subscriber consent
to such disclosure of its Personal Information.

 

		6.4	Reliance on Representations, Warranties, Covenants
and Acknowledgements

 

The Subscriber acknowledges
and agrees that the representations, warranties, covenants and acknowledgements made by the Subscriber in this Subscription Agreement
are made with the intention that they may be relied upon by the Corporation and its legal counsel in determining the Subscriber’s
eligibility (and if applicable, the eligibility of the Disclosed Principal) to purchase the Subscription Receipts. The Subscriber further
agrees that by accepting the Subscription Receipts, the Subscriber shall be representing and warranting that such representations, warranties,
covenants and acknowledgements are true as at the Closing Time with the same force and effect as if they had been made by the Subscriber
at the Closing Time. The Subscriber undertakes to immediately notify the Corporation of any change in any statement or other information
relating to the Subscriber set forth herein (including in any applicable Schedule attached hereto) which takes place prior to the Closing
Time.

 

    19

     

    

 

ARTICLE
7- SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS

 

		7.1	Survival of Representations, Warranties and Covenants
of the Corporation

 

The representations, warranties
and covenants of the Corporation contained in this Subscription Agreement shall survive the Closing and continue in full force and effect
for the benefit of the Subscriber for a period of two (2) years after the Closing Date, in each case notwithstanding such Closing or any
investigation made by or on behalf of the Subscriber with respect thereto.

 

		7.2	Survival of Representations, Warranties and Covenants
of the Subscriber

 

The representations, warranties
and covenants of the Subscriber contained in this Subscription Agreement shall survive the Closing and continue in full force and effect
for the benefit of the Corporation for a period of two (2) years after the Closing Date, in each case notwithstanding such Closing or
any investigation made by or on behalf of the Corporation with respect thereto and notwithstanding any subsequent disposition by the Subscriber
of any of the Subscription Receipts.

 

ARTICLE
8 - MISCELLANEOUS

 

		8.1	Further Assurances

 

Each of the parties hereto upon
the request of each of the other parties hereto, whether before or after the Closing Time, shall do, execute, acknowledge and deliver
or cause to be done, executed, acknowledged and delivered all such further acts, deeds, documents, assignments, transfers, conveyances,
powers of attorney and assurances as may reasonably be necessary or desirable to complete the transactions contemplated herein.

 

		8.2	Notices

 

		(a)	Any notice, direction or other instrument required or permitted to be given to any party hereto shall
be in writing and shall be sufficiently given if delivered personally, or transmitted electronically tested prior to transmission to such
party, as follows:

 

		(i)	in the case of the Corporation, to:

 

JR RESOURCES CORP.

241 Ridge Street, Suite 210

Reno, Nevada 89501

 

	Attention:	Richard Silas
	Email:	richard@jrresourcescorp.com

 

		(ii)	in the case of the Subscriber, at the address specified on the face page hereof.

 

		(b)	Any such notice, direction or other instrument, if delivered personally, shall be deemed to have been
given and received on the day on which it was delivered, provided that if such day is not a Business Day then the notice, direction or
other instrument shall be deemed to have been given and received on the first Business Day next following such day and if transmitted
electronically, shall be deemed to have been given and received on the day of its transmission, provided that if such day is not a Business
Day or if it is transmitted or received after the end of normal business hours then the notice, direction or other instrument shall be
deemed to have been given and received on the first Business Day next following the day of such transmission.

 

		(c)	Any party hereto may change its address for service from time to time by notice given to each of the other
parties hereto in accordance with the foregoing provisions.

 

    20

     

    

 

		8.3	Time of the Essence

 

Time shall be of the essence
of this Subscription Agreement and every part hereof.

 

		8.4	Costs and Expenses

 

All costs and expenses (including,
without limitation, the fees and disbursements of legal counsel) incurred in connection with this Subscription Agreement and the transactions
herein contemplated shall be paid and borne by the party incurring such costs and expenses.

 

		8.5	Applicable Law

 

This Subscription Agreement
shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Nevada.
Any and all disputes arising under this Subscription Agreement, whether as to interpretation, performance or otherwise, shall be subject
to the non-exclusive jurisdiction of the courts of Nevada and each of the parties hereto hereby irrevocably attorns to the jurisdiction
of the courts of Nevada.

 

		8.6	Entire Agreement

 

This Subscription Agreement,
including the Schedules hereto, constitutes the entire agreement between the parties with respect to the transactions contemplated herein
and cancels and supersedes any prior understandings, agreements, negotiations and discussions between the parties. There are no representations,
warranties, terms, conditions, undertakings or collateral agreements or understandings, express or implied, between the parties hereto
other than those expressly set forth in this Subscription Agreement or in any such agreement, certificate, affidavit, statutory declaration
or other document as aforesaid. This Subscription Agreement may not be amended or modified in any respect except by written instrument
executed by each of the parties hereto.

 

		8.7	Counterparts

 

This Subscription Agreement
may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute
one and the same Subscription Agreement. Counterparts may be delivered either in original, PDF or faxed form and the parties adopt any
signatures received by PDF or a receiving fax machine as original signatures of the parties. If less than a complete copy of this Subscription
Agreement is delivered to the Corporation, the Corporation and its respective advisors are entitled to assume that the Subscriber accepts
and agrees to all the terms and conditions of the pages not delivered, unaltered.

 

		8.8	Indemnity

 

The Subscriber agrees to indemnify
and hold harmless the Corporation and its directors, officers, employees, agents, advisers, shareholders and affiliates from and against
any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses
whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation
whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in
any document furnished by the Subscriber to the Corporation in connection herewith being untrue in any material respect or any breach
or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber herein or in any document furnished by the
Subscriber to the Corporation in connection herewith.

 

 

    21

     

    

 

		8.9	Assignment

 

This Subscription Agreement
may not be assigned by either party except with the prior written consent of the other party hereto.

 

		8.10	Enurement

 

This Subscription Agreement
shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, successors (including any
successor by reason of the amalgamation or merger of any party), administrators and permitted assigns.

 

		8.11	Language

 

The parties have specifically
requested that this Subscription Agreement and all of the documents relating to the subscription and notices hereunder be drafted in the
English language. Les parties ont explicitement requis que cette convention de souscription et tous les documents reliés à
cette souscription et les avis reliés soient rédigés en anglais.

 

REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK

 

    22

     

    

 

The Corporation hereby accepts the subscription
for Subscription Receipts as set forth on page 2 of this Subscription Agreement on the terms and conditions contained in this Subscription
Agreement (including all applicable Schedules) this ____ day of ______________, 2020.

 

	 	 	JR RESOURCES CORP.
	 	 
	 	Per:	 
	 	 
	 	 	Authorized Signing Officer

 

    23

     

    

 

SCHEDULE “A”

 

Term Sheet

 

	Issuer:	JR Resources Corp. (the “Corporation”). 
	Type of Transaction:	Private placement (the “Offering”) of subscription receipts (the “Subscription Receipts”). 
	Size of Offering:	Up to US$14,000,000 (the “Subscription Proceeds”). 
	Subscription Price:	US$1.00 per Subscription Receipt (the “Subscription Price”). 
	Subscription Receipts:	
    Each Subscription Receipt will entitle the holder
    thereof to receive, without payment of additional consideration or further action on the part of the holder thereof, one common share
    in the capital of the Corporation (each, an “Underlying Share”) and one half (1/2) of one common share purchase warrant
    of the Corporation (each whole warrant, a “Warrant”) upon the satisfaction or waiver (to the extent such waiver is
    permitted) of the Escrow Release Condition at or prior to the Escrow Release Deadline.

     

    Each Warrant shall entitle the holder thereof
    to acquire one common share in the capital of the Corporation (each, a “Warrant Share”) for an exercise price of US$1.50
    per Warrant Share for a period of five (5) years following the Escrow Release Date, subject to adjustment in certain events, as will be
    more fully described in the Warrant Indenture.

     

    The Subscription Receipts will be represented
by a subscription receipt certificate (the “Subscription Receipt Certificate”) issued by the Corporation.

	Escrow of Funds:	
    The aggregate Subscription Proceeds
    in respect of the Subscription Receipts (the “Escrowed Funds”) will be held in escrow in a segregated account by the
    Corporation pursuant to the Subscription Receipt Certificates pending the satisfaction of the Escrow Release Condition.

     

    Upon satisfaction of the Escrow
    Release Condition on or prior to the Escrow Release Deadline (as defined below), the Escrowed Funds will be released to the Corporation.

     

    Unless the consent of holders
of not less than 66 2/3% of the then outstanding Subscription Receipts is obtained pursuant to the terms of the Subscription Receipt
Certificates, in the event that the Escrow Release Condition is not satisfied at or before 5:00 p.m. (Vancouver time) on October 15,
2020 (as the same may be extended in accordance with the terms of the Subscription Receipt Certificates) (the “Escrow Release
Deadline”), the Corporation will return to each holder of Subscription Receipts, an amount equal to the aggregate Subscription
Price for the Subscription Receipts held by such holder plus a pro rata share of any interest or other income earned on the Subscription
Proceeds, less applicable withholding tax, if any. The Corporation shall use its commercially reasonable efforts to meet the Escrow Release
Deadline prior to October 15, 2020. To the extent that the Escrowed Funds are insufficient to pay such amounts to the holders of the
Subscription Receipts, the Corporation will be liable for and will be required to contribute such amounts as are necessary to satisfy
any shortfall.

 

    A-1

     

    

 

	Escrow Release Conditions:	
    For the purposes hereof, the term “Escrow
    Release Condition” means the Change of Control Closing has been effected. For purposes of the foregoing:

     

    “Change of Control Closing”
    means the decision by the Corporation to exercise all or part of its right to purchase shares of common stock (the “Dakota Shares”)
    of Dakota Territory Resource Corp. (“Dakota”), in one or more closings that results in the Corporation acquiring Dakota
    Shares, when aggregated with the Dakota Shares previously acquired or beneficially owned, that exceed 49.9% of the actually issued and
    outstanding Dakota Shares, by satisfaction of the conditions set forth in the Dakota Agreement;

     

    “Change of Control Closing Date”
    means the particular date of the Change of Control Closing that is the business day immediately following the date on which all of the
    conditions and agreements set forth in the Dakota Agreement are satisfied, or such other date as the parties thereto may agree, provided
    that such Change of Control Closing occurs on or prior to the 5:00 p.m. Vancouver time on October 15, 2020, unless terminated prior thereto
    by (i) mutual agreement of the Corporation and Dakota or (ii) the purchase by the Corporation of the maximum number of Dakota Shares as
    provided for in the Dakota Agreement; and

     

    “Dakota Agreement” means
the agreement between the Corporation and Dakota dated May 26, 2020.

	Hold Period:	The securities issued or issuable pursuant to the Offering will be restricted securities under applicable United States federal and state securities laws and will also subject to a customary four month hold period in Canada. 
	Jurisdictions:	The Offering will be offered (i) to accredited investors in each of the provinces of Canada, on a private placement basis; (ii) to accredited investors in the United States on a private placement basis; and (iii) to investors resident in jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such foreign jurisdiction.
	Use of Proceeds:	The proceeds from the Offering shall be used for general corporate purposes.
	Closing Date:	On or about June 30, 2020 (the “Closing Date”) or such other place or date or time as the Corporation may permit. 

 

    A-2

     

    

 

SCHEDULE “B”

 

Canadian Accredited
Investor Status CERTIFICATE

 

TO BE COMPLETED BY CANADIAN SUBSCRIBERS.

 

The categories listed herein contain certain
specifically defined terms. If you are unsure as to the meanings of those terms, or are unsure as to the applicability of any category
below, please contact your broker and/or legal advisor before completing this certificate.

 

	TO:	JR RESOURCES CORP. (the “Corporation”)

 

In connection with the purchase
by the undersigned Subscriber of the Subscription Receipts, the Subscriber, on its own behalf or on behalf of each Disclosed Principal
for whom the Subscriber is acting (collectively, the “Subscriber”), hereby represents, warrants, covenants and certifies
to the Corporation (and acknowledges that the Corporation and its counsel are relying thereon) that:

 

		(a)	the Subscriber is resident in or otherwise subject to the securities laws of one of the Provinces of British
Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec, New Brunswick, Nova Scotia, Prince Edward Island or Newfoundland and
Labrador;

 

		(b)	the Subscriber is purchasing the Subscription Receipts as principal for its own account and not for the
benefit of any other person or is deemed to be purchasing as principal pursuant to NI 45-106;

 

		(c)	the Subscriber is an “accredited investor” within the meaning of NI 45-106 or Section 73.3
of the Securities Act (Ontario) on the basis that the Subscriber fits within one of the categories of an “accredited investor”
reproduced below beside which the Subscriber has indicated the undersigned belongs to such category;

 

		(d)	the Subscriber was not created or used solely to purchase or hold securities as an accredited investor
as described in paragraph (m) below;

 

		(e)	if the Subscriber is purchasing under category (j), (k) or (l) below, it has completed and signed Exhibit
 “I” attached hereto; and

 

		(f)	upon execution of this Schedule “B” by the Subscriber (and if applicable, Exhibit “I”
to Schedule “B”), this Schedule “B” (and if applicable, Exhibit “I” to Schedule “B”) shall
be incorporated into and form a part of the Subscription Agreement to which this Schedule “B” is attached.

 

(PLEASE CHECK THE BOX OF THE APPLICABLE CATEGORY
OF ACCREDITED INVESTOR)

 

	 ̈	(a)	(i) except in Ontario, a Canadian
financial institution, or a Schedule III bank; or

 

	 	(ii) in Ontario, a financial institution that is (A) a bank listed in Schedule I, II or III of the Bank
Act (Canada); (B) an association to which the Cooperative Credit Associations Act (Canada) applies or a central cooperative
credit society for which an order has been made under subsection 473(1) of that Act; or (C) a loan corporation, trust company, trust
corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative or credit union league
or federation that is authorized by a statute of Canada or Ontario to carry on business in Canada or Ontario, as the case may be;

 

	 ̈	(b)	the Business Development Bank
of Canada incorporated under the Business Development Bank of Canada Act (Canada);

 

	 ̈	(c)	a subsidiary of any person or
company referred to in paragraphs (a) or (b), if the person or company owns all of the voting securities of the subsidiary, except the
voting securities required by law to be owned by directors of that subsidiary;

 

    B-1

     

    

 

	 ̈	(d)	a person or company registered
under the securities legislation of a jurisdiction (province or territory) of Canada as an adviser or dealer (or in Ontario, except as
otherwise prescribed by the regulations under the Securities Act (Ontario));

 

	 ̈	(e)	an individual registered under
the securities legislation of a jurisdiction of Canada as a representative of a person referred to in paragraph (d);

 

	 ̈	(e.1)	an individual formerly registered
under the securities legislation of a jurisdiction of Canada, other than an individual formerly registered solely as a representative
of a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);

 

	 ̈	(f)	the Government of Canada or a
jurisdiction (province or territory) of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or
a jurisdiction of Canada;

 

	 ̈	(g)	a municipality, public board or
commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l’île
de Montréal or an intermunicipal management board in Québec;

 

	 ̈	(h)	any national, federal, state,
provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government;

 

	 ̈	(i)	a pension fund that is regulated
by either the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of
a jurisdiction (province or territory) of Canada;

 

	 ̈	(j)	an individual who, either alone
or with a spouse, beneficially owns financial assets having an aggregate realizable value that, before taxes, but net of any related
liabilities, exceeds C$1,000,000 (completion of Exhibit “I” is also required);

 

	 ̈	(j.1)	an individual who beneficially
owns financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds C$5,000,000;

 

	 ̈	(k)	an individual whose net income
before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a
spouse exceeded C$300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net
income level in the current calendar year (completion of Exhibit “I” is also required);

 

	 ̈	(l)	an individual who, either alone
or with a spouse, has net assets of at least C$5,000,000 (completion of Exhibit “I” is also required);

 

	 ̈	(m)	a person, other than an individual
or investment fund, that has net assets of at least C$5,000,000 as shown on its most recently prepared financial statements;

 

	 ̈	(n)	an investment fund that distributes
or has distributed its securities only to (i) a person that is or was an accredited investor at the time of the distribution, (ii) a
person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment] or 2.19
[Additional investment in investment funds] of NI 45-106, or (iii) a person described in sub-paragraph (i) or (ii) that acquires
or acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106;

 

	 ̈	(o)	an investment fund that distributes
or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities
regulatory authority, has issued a receipt;

 

    B-2

     

    

 

	 ̈	(p)	a trust company or trust corporation
registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation
in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust
corporation, as the case may be;

 

	 ̈	(q)	a person acting on behalf of a
fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent
under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction;

 

	 ̈	(r)	a registered charity under the
Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered
under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded;

 

	 ̈	(s)	an entity organized in a foreign
jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function;

 

	 ̈	(t)	a person in respect of which all
of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are
persons that are accredited investors;

 

	 ̈	(u)	an investment fund that is advised
by a person registered as an adviser or a person that is exempt from registration as an adviser;

 

	 ̈	(v)	a person that is recognized or
designated by the securities regulatory authority or, except in Ontario or Québec, the regulator as an accredited investor;

 

	 ̈	(w)	a trust established by an accredited
investor for the benefit of the accredited investor’s family members of which a majority of the trustees are accredited investors
and all of the beneficiaries are the accredited investor’s spouse, a former spouse of the accredited investor or a parent, grandparent,
brother, sister, child or grandchild of that accredited investor, of that accredited investor’s spouse or of that accredited investor’s
former spouse; or

 

	 ̈	(x)	in Ontario, such other persons or companies as may be prescribed
by the regulations under the Securities Act (Ontario).  
	 	 	 
	 	 	 ***If checking this category (x), please provide a description of how this
requirement is met.

 

For the purposes hereof, the following definitions
are included for convenience:

 

		(a)	“bank” means a bank named in Schedule I or II of the Bank Act (Canada);

 

		(b)	“Canadian financial institution” means (i) an association governed by the Cooperative
Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of
that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse
populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of
Canada to carry on business in Canada or a jurisdiction of Canada;

 

		(c)	“company” means any corporation, incorporated association, incorporated syndicate or
other incorporated organization;

 

		(d)	“eligibility adviser” means:

 

		(i)	a person that is registered as an investment dealer and authorized to give advice with respect to the
type of security being distributed, and

 

    B-3

     

    

 

		(ii)	in Saskatchewan or Manitoba, also means a lawyer who is a practicing
member in good standing with a law society of a jurisdiction of Canada or a public accountant who is a member in good standing of an
institute or association of chartered accountants, certified general accountants or certified management accountants in a jurisdiction
of Canada provided that the lawyer or public accountant must not

 

		(A)	have a professional, business or personal relationship with the issuer, or any of its directors, executive
officer, founders, or control persons, and

 

		(B)	have acted for or been retained personally or otherwise as an employee, executive officer, director, associate
or partner of a person that has acted for or been retained by the issuer or any of its directors, executive officers, founders or control
persons within the previous 12 months;

 

		(e)	“executive officer” means, for an issuer, an individual who is: (i) a chair, vice-chair
or president, (ii) a vice-president in charge of a principal business unit, division or function including sales, finance or production,
or (iii) performing a policy-making function in respect of the issuer;

 

		(f)	“financial assets” means (i) cash, (ii) securities, or (iii) a contract of insurance,
a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

 

		(g)	“fully managed account” means an account of a client for which a person makes the investment
decisions if that person has full discretion to trade in securities for the account without requiring the client’s express consent
to a transaction;

 

		(h)	“investment fund” has the same meaning as in National Instrument 81-106 Investment
Fund Continuous Disclosure;

 

		(i)	“person” includes: (i) an individual, (ii) a corporation, (iii) a partnership, trust,
fund and an association, syndicate, organization or other organized group of persons whether incorporated or not, and (iv) an individual
or other person in that person’s capacity as a trustee, executor, administrator or personal or other legal representative.

 

		(j)	“related liabilities” means (i) liabilities incurred or assumed for the purpose of
financing the acquisition or ownership of financial assets, or (ii) liabilities that are secured by financial assets;

 

		(k)	“Schedule III bank” means an authorized foreign bank named in Schedule III of the Bank
Act (Canada);

 

		(l)	“spouse” means, an individual who, (i) is married to another individual and is not
living separate and apart within the meaning of the Divorce Act (Canada), from the other individual, (ii) is living with another
individual in a marriage-like relationship, including a marriage-like relationship between individuals of the same gender, or (iii) in
Alberta, is an individual referred to in paragraph (i) or (ii), or is an adult interdependent partner within the meaning of the Adult
Interdependent Relationships Act (Alberta); and

 

		(m)	“subsidiary” means an issuer that is controlled directly or indirectly by another issuer
and includes a subsidiary of that subsidiary.

 

In NI 45-106 a person or company is an affiliate
of another person or company if one of them is a subsidiary of the other, or if each of them is controlled by the same person.

 

In NI 45-106 and except in Part 2 Division 4 (Employee,
Executive Officer, Director and Consultant Exemption) of NI 45-106, a person (first person) is considered to control another person (second
person) if (a) the first person, beneficially owns or directly or indirectly exercises control or direction over securities of the second
person carrying votes which, if exercised, would entitle the first person to elect a majority of the directors of the second person, unless
that first person holds the voting securities only to secure an obligation, (b) the second person is a partnership, other than a limited
partnership, and the first person holds more than 50% of the interests of the partnership, or (c) the second person is a limited partnership
and the general partner of the limited partnership is the first person.

 

    B-4

     

    

 

The foregoing representations contained in this
certificate are true and accurate as of the date of this certificate and will be true and accurate as of the Closing Time (as defined
in the Subscription Agreement to which this Schedule “B” is attached) and the Subscriber acknowledges that this Canadian Accredited
Investor Status Certificate is incorporated into and forms a part of the Subscription Agreement to which it is attached. If any such representations
shall not be true and accurate prior to the Closing Time, the undersigned shall give immediate written notice of such fact to the Corporation
prior to the Closing Time.

 

	 	Dated: 	 	 	Signed:	 
	 	 	 	 
	 	 	 	 
	 	Witness (If Subscriber is an Individual) 	 	Print the name of Subscriber
	 	 	 	 
	 	 	 	 
	 	Print Name of Witness 	 	If Subscriber is a corporation, 

print name and title of Authorized Signing Officer

 

    B-5

     

    

 

 

EXHIBIT “I” TO SCHEDULE “B”

 

FORM FOR INDIVIDUAL ACCREDITED INVESTORS

 

THIS “EXHIBIT A” TO SCHEDULE “B”
IS TO BE COMPLETED BY ACCREDITED INVESTORS WHO ARE INDIVIDUALS SUBSCRIBING UNDER CATEGORIES (J), (K) OR (L) IN SCHEDULE “B”
TO WHICH THIS EXHIBIT “I” IS ATTACHED.

 

	
     

    WARNING!

     

    This investment is risky. Don’t invest
    unless you can afford to lose all the money you pay for this investment.

     

 

	SECTION 1 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	1. About your investment
	Type of securities: Subscription Receipts  	Issuer: JR RESOURCES CORP.

	Purchased from: Issuer
	SECTIONS 2 TO 4 TO BE COMPLETED BY THE PURCHASER
	2. Risk acknowledgement
	This investment is risky. Initial that you understand that:	Your 

Initials
	Risk of loss - You could lose your entire investment of US$ _____________ . [Instruction: Insert the total dollar amount of the investment.]	 
	Liquidity risk - You may not be able to sell your investment quickly - or at all.	 
	Lack of information - You may receive little or no information about your investment.	 
	Lack of advice - You will not receive advice from the salesperson about whether this investment is suitable for you unless the salesperson is registered. The salesperson is the person who meets with, or provides information to, you about making this investment. To check whether the salesperson is registered, go to www.aretheyregistered.ca.	 
	3. Accredited investor status
	You must meet at least one of the following criteria to be able to make this investment. Initial the statement that applies to you. (You may initial more than one statement.) The person identified in section 6 is responsible for ensuring that you meet the definition of accredited investor. That person, or the salesperson identified in section 5, can help you if you have questions about whether you meet these criteria.	Your 

initials
	· 	Your net income before taxes was more than C$200,000
in each of the 2 most recent calendar years, and you expect it to be more than C$200,000 in the current calendar year. (You can find
your net income before taxes on your personal income tax return.)	 
	·	Your net income before taxes combined with your spouse’s
was more than C$300,000 in each of the 2 most recent calendar years, and you expect your combined net income before taxes to be more
than C$300,000 in the current calendar year.	 
	·	Either
alone or with your spouse, you own more than C$1 million in cash and securities, after subtracting any debt related to the cash and securities.	 
	·	Either
alone or with your spouse, you have net assets worth more than C$5 million. (Your net assets are your total assets (including real estate)
minus your total debt.)	 

  

    B-6

     

    

 

	4. Your name and signature
	By signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified in this form.
	First and last name (please print):
	Signature:	Date:
	SECTION 5 TO BE COMPLETED BY THE SALESPERSON 
	5. Salesperson information
	[Instruction: The salesperson is the person who meets with, or provides information to, the purchaser with respect to making this investment. That could include a representative of the issuer or selling security holder, a registrant or a person who is exempt from the registration requirement.]
	First and last name of salesperson (please print):
	Telephone:	Email:
	Name of firm (if registered):
	SECTION 6 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	6. For more information about this investment
	
    JR RESOURCES CORP.

241 Ridge Street, Suite 210 

    Reno, Nevada 89501

     

    Attention:          Richard Silas

    Email:                richard@jrresourcescorp.com

     

    For more information about prospectus
exemptions, contact your local securities regulator. You can find

 contact information at www.securities-administrators.ca.

	 
	 	 	 

 

Form instructions:

 

		1.	This form does not mandate the use of a specific font size or style but the font must be legible.

 

		2.	The information in sections 1, 5 and 6 must be completed before the purchaser completes and signs the
form.

 

		3.	The purchaser must sign this form. Each of the purchaser and the issuer or selling security holder
must receive a copy of this form signed by the purchaser. The issuer or selling security holder is required to keep a copy of this form
for 8 years after the distribution.

 

    B-7

     

    

 

SCHEDULE “C”

 

INTERNATIONAL JURISDICTION CERTIFICATE

 

TO BE COMPLETED BY SUBSCRIBERS WHO ARE
RESIDENT OUTSIDE OF CANADA AND THE UNITED STATES

 

Terms not otherwise defined herein will have
the definition ascribed thereto in the Subscription Agreement to which this Schedule “C” is attached.

 

TO:                   JR RESOURCES CORP. (the “Corporation”)

 

In connection with the purchase
by the undersigned Subscriber of the Subscription Receipts, the Subscriber, on its own behalf or on behalf of each Disclosed Principal
for whom the Subscriber is acting (collectively, the “Subscriber”), hereby represents, warrants, covenants and certifies
to the Corporation (and acknowledges that the Corporation and its counsel are relying thereon) that:

 

		(a)	the Subscriber is knowledgeable of, or has been independently advised as to, the applicable Securities
Laws of the securities regulators having application in the jurisdiction in which the Subscriber is resident which would apply to the
acquisition of the Subscription Receipts (the “International Jurisdiction”);

 

		(b)	the Subscriber is purchasing the Subscription Receipts pursuant to exemptions from prospectus or equivalent
requirements under applicable Securities Laws or, if such is not applicable, the Subscriber is permitted to purchase the Subscription
Receipts under the applicable Securities Laws of the securities regulators in the International Jurisdiction without the need to rely
on any exemptions;

 

		(c)	the applicable Securities Laws of the authorities in the International Jurisdiction do not require the
Corporation to make any filings or seek any approvals of any kind whatsoever from any securities regulator of any kind whatsoever in the
International Jurisdiction in connection with the issue and sale or resale of the Subscription Receipts (or Underlying Securities);

 

		(d)	the purchase of the Subscription Receipts by the Subscriber does not trigger:

 

		(i)	any obligation of the Corporation to prepare and file a prospectus, registration statement, offering memorandum
or similar document, or any other report or notice with respect to such purchase in the International Jurisdiction;

 

		(ii)	any continuous disclosure reporting obligation of the Corporation in the International Jurisdiction; or

 

		(iii)	any registration or other similar obligation on the part of the Corporation in the International Jurisdiction;

 

		(e)	the distribution of the Subscription Receipts (and the Underlying Securities) to the Subscriber by the
Corporation complies with the laws of the International Jurisdiction;

 

		(f)	the Subscriber will, if requested by the Corporation, deliver to the Corporation a certificate or opinion
of local counsel from the International Jurisdiction which will confirm the matters referred to in paragraphs (b), (c), (d) and (e) above
to the satisfaction of the Corporation, acting reasonably; and

 

		(g)	the Subscriber will not sell, transfer or dispose of the Subscription Receipts (or the Underlying Securities)
except in accordance with all applicable Securities Laws of the securities regulators in the International Jurisdiction and the Subscriber
acknowledges that the Corporation shall have no obligation to register any purported sale, transfer or disposition.

 

    C-1

     

    

 

The foregoing representations, warranties, covenants
and certifications contained in this certificate are true and accurate as of the date of this certificate and will be true and accurate
as of the Closing Time (as defined in the Subscription Agreement to which this Schedule “C” is attached) and the Subscriber
acknowledges that this international jurisdiction certificate is incorporated into and forms a part of the Subscription Agreement to which
it is attached. If any such representations, warranties and certifications shall not be true and accurate prior to the Closing Time, the
undersigned shall give immediate written notice of such fact to the Corporation prior to the Closing Time.

 

	Dated:	 	 	Signed:	 
	 	 	 
	 	 	 
	Witness (if Subscriber is an Individual)	 	Print the name of Subscriber
	 	 	 
	 	 	 
	Print Name of Witness	 	If Subscriber is a corporation,

print name and title of Authorized Signatory

 

    C-2

     

    

 

SCHEDULE “D”

 

U.S. ACCREDITED INVESTOR CERTIFICATE

 

Subscribers
that are U.S. Accredited Investors must review and complete the following U.S. Accredited Investor Certificate.

 

Terms
not otherwise defined herein will have the definition ascribed thereto in the Subscription Agreement to which this Schedule “D”
is attached.

 

TO:                   JR RESOURCES CORP. (the “Corporation”)

 

The undersigned (the “Subscriber”),
on behalf of itself and any Disclosed Principal, represents, warrants and covenants (which representations, warranties and covenants shall
survive the Closing) to and with the Corporation and acknowledges that the Corporation is relying thereon that:

 

		(a)	it (and any Disclosed Principal), alone or with the assistance of its professional advisors, has such
knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in the
Subscription Receipts and is able, without impairing its financial condition, to hold the Subscription Receipts or the Underlying Securities
for an indefinite period of time and to bear the economic risks, and withstand a complete loss, of such investment;

 

		(b)	it (and any Disclosed Principal) acknowledges that the Subscription Receipts and the Underlying Securities
have not been and will not be registered under the U.S. Securities Act or the securities laws of any state of the United States, and will,
therefore, be “restricted securities”, as such term is defined under Rule 144(a)(3) under the U.S. Securities Act, and that
the offer and sale of the Subscription Receipts to it will be made in reliance upon an exemption from registration available to the Corporation
pursuant to Rule 506(b) of Regulation D under the U.S. Securities Act;

 

		(c)	it is purchasing the Subscription Receipts for its own account, or for the account of another U.S. Accredited
Investor over which it exercises sole investment discretion, for investment purposes only and not with a view to resale or distribution
and, in particular, it has no intention to distribute either directly or indirectly any of the Subscription Receipts or the Underlying
Securities in the United States or to, or for the account or benefit of, U.S. Persons; provided, however, that this paragraph shall not
restrict the Subscriber (and any Disclosed Principal) from selling or otherwise disposing of any of the Subscription Receipts or the Underlying
Securities pursuant to a registration statement effective under the U.S. Securities Act and any applicable state securities laws or under
an exemption from such registration requirements;

 

		(d)	it (and any Disclosed Principal) is a U.S. Accredited Investor that satisfies one or more of the categories
of U.S. Accredited Investor indicated below (the Subscriber must mark “S” for the Subscriber and “DP” for the
Disclosed Principal on the appropriate line(s)):

 

	 	Category 1.	_____	A bank, as defined in section 3(a)(2) of the U.S. Securities Act, whether acting in its individual or fiduciary capacity; or
	 	Category 2.	_____	A savings and loan association or other institution as defined in section 3(a)(5)(A) of the U.S. Securities Act, whether acting in its individual or fiduciary capacity; or
	 	Category 3.	_____	A broker or dealer registered pursuant to section 15 of the United States Securities Exchange Act of 1934, as amended; or
	 	Category 4.	_____	An insurance company as defined in section 2(a)(13) of the U.S. Securities Act; or
	 	Category 5.	_____	An investment company registered under the United States Investment Company Act of 1940, as amended; or

 

    D-1

     

    

 

	 	Category 6.	_____	A business development company as defined in section 2(a)(48) of the United States Investment Company Act of 1940, as amended; or
	 	Category 7.	_____	A small business investment company licensed by the U.S. Small Business Administration under section 301 (c) or (d) of the United States Small Business Investment Act of 1958, as amended; or
	 	Category 8.	_____	A plan established and maintained by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, with total assets in excess of U.S.$5,000,000; or
	 	Category 9.	_____	An employee benefit plan within the meaning of the United States Employee Retirement Income Security Act of 1974, as amended, in which the investment decision is made by a plan fiduciary, as defined in section 3(21) of such Act, which is either a bank, savings and loan association, insurance company or registered investment adviser, or an employee benefit plan with total assets in excess of U.S. $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons who are accredited investors; or
	 	Category 10.	_____	A private business development company as defined in section 202(a)(22) of the United States Investment Advisers Act of 1940, as amended; or
	 	Category 11.	_____	An organization described in section 501(c)(3) of the United States Internal Revenue Code, a corporation, a Massachusetts or similar business trust, or a partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of U.S.$5,000,000; or
	 	Category 12.	_____	Any director or executive officer of the Corporation; or
	 	Category 13.	_____	
    A natural person whose individual net worth, or
    joint net worth with that person’s spouse, at the time of this purchase exceeds U.S.$1,000,000;

     

    Note: 

 

	 			(i)	person’s
primary residence shall not be included as an asset;
	 	 	 	(ii)	indebtedness
that is secured by the person’s primary residence, up to the estimated fair market value of the primary residence at the time of
the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time
of the sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary
residence, the amount of such excess shall be included as a liability); and
	 	 	 	(ii)	indebtedness
    that is secured by the person’s primary residence in excess of the estimated fair market value of the primary residence at the time
    of the sale of securities shall be included as a liability; or

 

 

    D-2

     

    

 

	 	Category 14.	_____	A natural person who had an individual income in excess of U.S.$200,000 in each of the two most recent years or joint income with that person’s spouse in excess of U.S.$300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or
	 	Category 15.	_____	A trust, with total assets in excess of U.S.$5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the U.S. Securities Act; or
	 	Category 16.	_____	Any entity in which all of the equity owners meet the requirements of at least one of the above categories;

		(e)	it (and any Disclosed Principal) has not purchased the Subscription Receipts as a result of any form of
 “general solicitation” or “general advertising” (as used in Rule 502(c) of Regulation D), including, without limitation,
any advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over
radio, television or internet or any seminar or meeting whose attendees have been invited by “general solicitation” or “general
advertising”;

 

		(f)	it (and any Disclosed Principal) agrees that if it decides to offer, sell, pledge or otherwise transfer
any of the Subscription Receipts or the Underlying Securities, it will not offer, sell, pledge or otherwise transfer any of such securities,
directly or indirectly, unless the transfer is:

 

		(i)	pursuant to a registration statement effective under the U.S. Securities Act and applicable state securities
laws; or

 

		(ii)	pursuant to an exemption from registration under the U.S. Securities Act;

 

and, in either case, it has furnished
to the Corporation an opinion of counsel of recognized standing in form and substance reasonably satisfactory to the Corporation to such
effect;

 

		(g)	the Subscription Receipts purchased hereunder and the Underlying Securities issuable upon conversion of
the Subscription Receipts will be represented by physical certificates and it understands and acknowledges that upon the original issuance
thereof, and until such time as the same is no longer required under applicable requirements of the U.S. Securities Act or applicable
state securities laws, certificates representing such securities and all certificates issued in exchange therefore or in substitution
thereof, will bear the legends set forth in the Subscription Agreement;

 

		(h)	it (and any Disclosed Principal) has had the opportunity to ask questions of and receive answers from
the Corporation regarding the investment, and has received all the information regarding the Corporation that it has requested;

 

		(i)	it (and any Disclosed Principal) has had access to such information concerning the Corporation as it has
considered necessary or appropriate in connection with its investment decision to acquire the Subscription Receipts;

 

		(j)	it (and any Disclosed Principal) is aware that (i) purchasing, holding and disposing of the Subscription
Receipts or the Underlying Securities may have tax consequences under the laws of the United States, (ii) the tax consequences for
prospective investors who are resident in, or citizens of, the United States are not described in this Subscription Agreement, and (iii) it
is solely responsible for determining the tax consequences applicable to its particular circumstances and should consult its own tax advisors
concerning investment in the Subscription Receipts; and

 

		(k)	it (and any Disclosed Principal) acknowledges that the representations, warranties and covenants
                                                           contained in this Schedule “D” are made by it with the intent that they may be relied upon by the Corporation in
                                                           determining its eligibility to purchase the Subscription Receipts. It (and any Disclosed Principal) agrees that by accepting the
                                                           Subscription Receipts, it shall be representing and warranting that the representations and warranties above are true as at the
                                                           Closing and as at the date of conversion of Subscription Receipts for the Underlying Securities with the same force and effect as if
                                                           they had been made by it at the Closing and that they shall survive the purchase
by it of the Subscription Receipts and shall continue in full force and effect notwithstanding any subsequent disposition by it of the
Subscription Receipts.

 

    D-3

     

    

 

The Subscriber undertakes to notify the Corporation
immediately of any change in any representation, warranty or other information relating to the Subscriber (and any Disclosed Principal)
set forth herein which takes place prior to the Closing.

 

	If a Corporation, Partnership or Other Entity:	 	If an Individual:
	 	 	 
	 	 	 
	  Name of Entity	 	  Signature
	 	 	 
	 	 	 
	   Type of Entity	 	  Print or Type Name
	 	 	 
	 	 	 
	  Signature of Person Signing	 	 
	 	 	 
	 	 	 
	  Print or Type Name and Title of Person Signing	 	 

 

    D-4

     

    

 

SCHEDULE “E”

CONTACT INFORMATION FOR CANADIAN SECURITIES COMMISSIONS

 

	
    Alberta Securities Commission 

    Suite 600, 250 – 5th Street SW

    Calgary, Alberta T2P 0R4

    Telephone: (403) 297-6454

    Toll free in Canada: 1-877-355-0585

    Facsimile: (403) 297-2082

    Public official contact regarding indirect collection
    of information: FOIP Coordinator

     

    British Columbia Securities Commission

    P.O. Box 10142, Pacific Centre

    701 West Georgia Street

    Vancouver, British Columbia V7Y 1L2

    Inquiries: (604) 899-6854

    Toll free in Canada: 1-800-373-6393

    Facsimile: (604) 899-6581

    Email: inquiries@bcsc.bc.ca

    Email (regarding indirect collection of information):
    FOI-privacy@bcsc.bc.ca

    Public official contact regarding indirect collection
    of information: FOI Inquiries

     

    The Manitoba Securities Commission

    500 – 400 St. Mary Avenue

    Winnipeg, Manitoba R3C 4K5

    Telephone: (204) 945-2548

    Toll free in Manitoba 1-800-655-5244

    Facsimile: (204) 945-0330

    Public official contact regarding indirect collection of information: Director

     

    Financial and Consumer Services Commission
    (New Brunswick)

    85 Charlotte Street, Suite 300

    Saint John, New Brunswick E2L 2J2

    Telephone: (506) 658-3060

    Toll free in Canada: 1-866-933-2222

    Facsimile: (506) 658-3059

    Email: info@fcnb.ca

    Public official contact regarding indirect collection
    of information: Chief Executive Officer and Privacy Officer

     

    

    
	
    Government of Nunavut

    Department of Justice

    Legal Registries Division

    P.O. Box 1000, Station 570

    1st Floor, Brown Building

    Iqaluit, Nunavut X0A 0H0

    Telephone: (867) 975-6590

    Facsimile: (867) 975-6594

     

    Ontario Securities Commission

    20 Queen Street West, 22nd Floor

    Toronto, Ontario M5H 3S8

    Telephone: (416) 593- 8314

    Toll free in Canada: 1-877-785-1555

    Facsimile: (416) 593-8122

    Email: exemptmarketfilings@osc.gov.on.ca

    Public official contact regarding indirect collection
    of information: Inquiries Officer

     

    Prince Edward Island Securities Office

    95 Rochford Street, 4th Floor Shaw Building

    P.O. Box 2000

    Charlottetown, Prince Edward Island C1A 7N8

    Telephone: (902) 368-4569

    Facsimile: (902) 368-5283

    Public official contact regarding indirect collection
    of information: Superintendent of Securities

     

    Autorité des marchés financiers

    800, Square Victoria, 22e étage

    C.P. 246, Tour de la Bourse

    Montréal, Québec H4Z 1G3

    Telephone: (514) 395-0337 or 1-877-525-0337

    Facsimile: (514) 873-6155 (For filing purposes only)

    Facsimile: (514) 864-6381 (For privacy requests only)

    Email: financementdessocietes@lautorite.qc.ca (For corporate finance
    issuers);

 fonds_dinvestissement@lautorite.qc.ca (For investment fund issuers)

    Public official contact regarding indirect collection of information:
Secrétaire générale 

    

 

    E-1

     

    

 

	Government of Newfoundland and Labrador

    Financial Services Regulation Division

    P.O. Box 8700

    Confederation Building

    2nd Floor, West Block

    Prince Philip Drive

    St. John’s, Newfoundland and Labrador A1B
    4J6
	 Financial and Consumer Affairs Authority of Saskatchewan

 Suite 601 - 1919 Saskatchewan Drive

 Regina, Saskatchewan S4P 4H2 

Telephone: (306) 787-5879 

Facsimile: (306) 787-5899 

Public official contact regarding indirect collection of information: Director

 

	Attention: Director of Securities

    Telephone: (709) 729-4189

    Facsimile: (709) 729-6187

    Public official contact regarding indirect collection
    of information: Superintendent of Securities

     

    Government of the Northwest Territories

    Office of the Superintendent of Securities

    P.O. Box 1320

    Yellowknife, Northwest Territories X1A 2L9

    Attention: Deputy Superintendent, Legal &
    Enforcement

    Telephone: (867) 920-8984

    Facsimile: (867) 873-0243

     

    Nova Scotia Securities Commission

    Suite 400, 5251 Duke Street

    Duke Tower

    P.O. Box 458

    Halifax, Nova Scotia B3J 2P8

    Telephone: (902) 424-7768

    Facsimile: (902) 424-4625

    Public official contact regarding indirect collection
    of information: Executive Director
	Government of Yukon

Department of Community Services

Law Centre, 3rd Floor

2130 Second Avenue

Whitehorse, Yukon Y1A 5H6

Telephone: (867) 667-5314

Facsimile: (867) 393-6251

 

    E-2

     

    

 

SCHEDULE “F”

ACCOUNT INFORMATION FOR FUNDS

 

Beneficiary Name, Address and Account Number:

 

JR Resources Corp.

610 – 815 Hastings St W

Vancouver, BC V6C 1B4

Account Number: 04-08816

 

Beneficiary Bank: 

 

Canadian Imperial Bank of Commerce

400 Burrard Street,

Vancouver, B.C. V6C 3A6

Canada

Institution #010

Swift Address: CIBCCATT

Transit #00010

 

    F-1Exhibit 10.6

 

OPTION AGREEMENT

FOR PURCHASE AND SALE OF REAL PROPERTY

 

This Option Agreement for
Purchase and Sale of Real Property (“Contract”) is made and entered into as of October 14, 2021 (the “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”),
and Dakota Territory Resource Corp., a Nevada corporation (“Option Holder”). Homestake shall act as the “Administrative
Agent” for Owners under this Agreement. Homestake, LAC Minerals and Option Holder sometimes may be referred to in this Contract
individually as a “Party”, and collectively as the “Parties”.

 

RECITALS

 

WHEREAS, Owners are
the owners of the fee lands and patented mining claims situated in Lawrence County, South Dakota, which are more particularly described
in Exhibit B attached hereto and made a part hereof, together with any buildings and other improvements thereon related to Mining
Operations and any and all appurtenances thereto (collectively, the “Property”);

 

AND WHEREAS, Owners
wish to grant to Option Holder, and Option Holder wishes to obtain from Owners, the Option (as defined below) from the Effective Date
until the Option Exercise Expiration Date (as defined herein), in exchange for the Option Consideration (as defined below);

 

NOW THEREFORE THIS AGREEMENT
WITNESSES THAT, in consideration of the foregoing and of the mutual promises and covenants contained in this Contract, the receipt
and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties, hereby covenant and agree as
to the following:

 

TERMS AND CONDITIONS

 

1.             Definitions. The
following terms when used in this Contract shall have the following meanings:

 

1.1       Additional
Option Cash Consideration. The meaning set forth in Section 2.2.2.

 

1.2       Additional Option Cash
Consideration Payment Date. The meaning set forth in Section 2.2.2.

 

1.3       Administrative Agent.
The meaning set forth in the Preamble, having an address for notices at 301 South Main Street, Suite 1150, Salt Lake City, Utah 84101,
Attention: General Counsel (North America) with copies to Owner's Attorney.

 

1.4       Affiliate. With
respect to any Person, any other Person that directly or indirectly, through one of more intermediaries, controls, is controlled by,
or is under common control with, such Person. For purposes of this definition, “control” (and its derivatives)
means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract, or otherwise.

 

    1

     

    

 

1.5       Attorneys’ Fees.
All reasonable fees and expenses charged or incurred by an attorney for services and the services of any paralegals, legal assistants
or law clerks, including, but not limited to, reasonable fees and expenses charged for representation at the trial level and in all appeals,
and the reasonable fees and expenses of experts.

 

1.6       Business Day. Any
day that the banks in New York City, New York and Toronto, Ontario, Canada are open for business, excluding Saturdays and Sundays.

 

1.7       Closing. The delivery
of the Closing Documents, which shall occur at a mutually agreed time and place on the Closing Date. The term “Close”
shall have a correlative meaning.

 

1.8       Closing Date. The
date of the Closing as mutually agreed by the Parties; provided that it shall be no later than thirty (30) days after the date of execution
of the Purchase Agreement.

 

1.9       Closing Documents.
The Quitclaim Deed and the Bill of Sale, each in the form attached to the Purchase Agreement, and the other Closing Documents (as defined
in the Purchase Agreement).

 

 1.10     Confidentiality Parties. The meaning set forth in Section 10.14.1

 

 1.11     Contract. The meaning set forth in the Preamble.

 

 1.12     Contract Matters. The meaning set forth in Section 10.14.1.

 

 1.13     Dakota Shares. Shares of common stock, par value $0.001 per share, of Option Holder.

 

1.14     Data. All data,
documentation and information which Owners possess relating to the Property, including, by way of illustration and not by limitation:
(a) all geological, geochemical and geophysical maps, reports, surveys and tests; (b) deeds, mortgages, ALTA or boundary surveys, licenses,
title insurance reports and policies, or equivalent documentation, if any; (c) all drill hole maps, drill logs, drill core, drill cuttings,
chip trays, and other samples taken from the Property; (d) all engineering and metallurgical reports, studies and tests; (e) all sample
and assay logs, maps, reports and tests; (f) all mineral resource and ore reserve calculations, estimates, reports, studies and tests;
(g) all anthropological, biological, cultural, hydrologic, environmental, meteorological, and other like reports, studies, surveys and
tests; and (h) all other data relating to the Property, including any such data, documentation or information in digital, electronic,
magnetic, optical and written format, all of which is unverified, but, in each case, excluding Privileged Documents.

 

1.15     Effective
Date. The meaning set forth in the Preamble.

 

    2

     

    

 

1.16     Encumbrance.
Any lien, pledge, mortgage, indenture, option, royalty, deed of trust, rights granted under a streaming agreement or other alternative
financing agreement, security interest, charge, claim, reservation, easement, right-of-way, restriction, servitude, surface use agreement,
imperfection of title, right of first offer or first refusal or similar right, encroachment or other similar encumbrance or obligation
created in favor of a third party.

 

1.17     Environmental
Laws. All applicable Governmental Requirements relating to the protection of human health and safety, the environmental or hazardous
or toxic substances or wastes, pollutants or contaminants.

 

1.18    Exploration. Any
activities, including physically invasive activities, seismic monitoring, mapping, conducting base line or foundation studies, site engineering,
surveys or survey updates, appraisals, environmental assessments or other testing, or other surface-related geophysical work, directed
toward ascertaining the existence, location, quantity, quality or commercial value of mineral deposits, including drilling required after
discovery of potentially commercial mineralization, all in accordance with Mining Industry Best Practices, but excluding Mining Operations.

 

 1.19     Exploration Plan. The meaning set forth in Section 4.1.1.

 

1.20     Financial
Statements. The consolidated audited annual financial statements of Option Holder and the unaudited quarterly financial statements
of Option Holder, prepared in accordance with GAAP.

 

1.21     GAAP. Generally
accepted accounting principles in the United States, consistently applied.

 

1.22    Governmental Authority.
Any federal, state, county, municipal or other governmental department, entity, authority, commission, board, bureau, court, agency or
any instrumentality of any of them.

 

1.23    Governmental Requirement.
Any law, enactment, statute, code, ordinance, rule, regulation, formal interpretation, judgment, decree, writ, injunction, franchise,
Permit, certificate, license, authorization, agreement, or other direction or requirement of any Governmental Authority now existing or
hereafter enacted, adopted, promulgated, entered, or issued applicable to Owners, the Property or the Data.

 

1.24    Homestake. The meaning
set forth in the Preamble, having an address for notices at 301 South Main Street, Suite 1150, Salt Lake City, Utah 84101, Attention:
General Counsel (North America) with copies to Owner's Attorney.

 

1.25    Knowledge of Owner.
For each Owner, the actual knowledge of Jeff Burich, Patrick Malone and Michael McCarthy, without further investigation.

 

1.26    LAC Minerals. The
meaning set forth in the Preamble, having an address for notices at 301 South Main Street, Suite 1150, Salt Lake City, Utah 84101, Attention:
General Counsel (North America) with copies to Owner's Attorney.

 

    3

     

    

 

 1.27     Material Adverse Event. The meaning set forth in Section 8.1.7.

 

1.28     Memorandum
of Option. The Memorandum of Option in the form attached hereto as Exhibit C.

 

1.29     Mining Industry Best
Practices. The best practices; methods; specifications; licensing requirements; standards of care, skill, diligence, safety and performance;
environmental health and safety standards (including the use of certified or third party verified environmental management systems and
adherence to the International Council on Mining and Metals guiding principles, or such other established industry standards as may be
agreed in writing by the Parties from time to time); and acts generally engaged in or observed by recognized and experienced international
mining companies, as in effect from time to time for Mining Operations, which are consistent with good judgment, reliability, and safety,
all in compliance with applicable Governmental Requirements (including Environmental Laws).

 

1.30     Mining Operations.
Any mining, extracting, producing, handling, milling, leaching, beneficiation or other processing of ores; any preparation for the removal
and recovery of minerals, in-fill drilling, pre-production stripping, stripping and the construction or installation of any mill, leach
facilities, or any other improvements to be used for the mining, extracting, producing, handling, milling, leaching, beneficiation or
other processing of ores; actions performed during or after the foregoing to comply with the requirements of all Environmental Laws or
contractual commitments related to reclamation of the Property or other compliance with Environmental Laws; and the attendant reclamation
and remediation and closure upon completion of the foregoing, including obligations or responsibilities that are reasonably expected to
or actually continue or arise, such as, without limitation, future monitoring, management, treatment or stabilization.

 

 1.31     Option. The meaning set forth in Section 2.1.

 

 1.32     Option Cash Consideration. The meaning set forth in Section 2.2.1.

 

 1.33     Option Consideration. The meaning set forth in Section 2.2.

 

1.34    Option
Exercise Notice. The written notice from Option Holder received by the Administrative Agent during the Option Period confirming
Option Holder’s exercise of the Option granted under this Contract.

 

1.35     Option Exercise Expiration
Date. The date that the Option shall terminate and expire, which such date shall occur at the end of the Option Period unless Option
Holder has previously delivered the Option Exercise Notice.

 

1.36     Option Holder. The
meaning set forth in the Preamble, having an address for notices hereunder at c/o Dakota Territory Resource Corp., 106 Glendale Drive,
Suite A, Lead, South Dakota 57754, Attention: Jonathan Awde, Email: JAwde@gold-sd.com with copies to Option Holder's Attorney.

 

    4

     

    

 

1.37     Option Holder’s
Attorney. Erwin Thompson Faillers, having an address for notices hereunder at: 241 Ridge Street, Suite 210, Reno, Nevada 89501, Attention:
Jeff Faillers, Email: jfaillers@renolaw.com.

 

1.38     Option Period. The
period that begins on the Effective Date and ends on the earlier of (a) September 7, 2024, and (b) the date the Option Holder delivers
to the Administrative Agent the Option Exercise Notice.

 

 1.39     Option Shares. The meaning set forth in Section 2.2.1.

 

1.40     Owners.
The meaning set forth in the Preamble, having an address for notices at 301 South Main Street, Suite 1150, Salt Lake City, Utah
84101, Attention: General Counsel (North America) with copies to Owner's Attorney.

 

1.41     Owner’s Attorney.
Parsons Behle & Latimer, having an address for notices hereunder at: 201 South Main Street, Suite 1800, Salt Lake City, Utah 84111,
Attention: Jacob Santini, Email: jsantini@parsonsbehle.com, with a copy to Barrick Gold of North America Inc., 301 South Main Street,
Suite 1150, Salt Lake City, Utah 84101, Attention: General Counsel (North America), Email: USLegalNotices@barrick.com, mmccarthy@barrick.com.

 

 1.42     “Parties” and “Party”. The meaning set forth in the Preamble.

 

1.43     Permit.
Any permit, license, approval, consent, ruling, authorization, certification, concession, exemption, variance, notification, waiver,
clearance or registration obtained from, or issued by, any Governmental Authority.

 

1.44     Permitted
Encumbrances. Any: (a) Encumbrances for Taxes, assessments or other governmental charges not yet delinquent or the amount or validity
of which is being contested in good faith and diligently by appropriate proceedings; (b) Encumbrances of mechanics, carriers, workers,
repairers, warehousemen and similar Persons arising or incurred in the ordinary course of business in respect of liabilities that are
not yet due or if due and payable, but are unpaid, are being contested in good faith, and in respect of which adequate resources are
maintained; (c) matters of public record; (d) any conditions that reasonably would be expected to be shown by a current land survey or
search or examination of publicly available information or documents; (e) Environmental Laws; (f) Encumbrances that arise due to zoning,
subdivision, entitlement, and other Governmental Requirements related to land use; (g) royalty interests of public record; (h) the paramount
title of the United States; (i) pledges made with respect to Owner Permits; (j) orders of any Governmental Authority; and (k) any Encumbrances
set forth in this Contract, the Purchase Agreement, the Memorandum of Option or the Related Agreements.

 

1.45     Person.
Any natural or artificial legal entity whatsoever, including, but not limited to, any individual, general partnership, limited partnership,
unincorporated association, sole proprietorship, corporation, limited liability company, trust, business trust, real estate investment
trust, joint venture, or Government Authority.

 

 1.46     Privilege. The meaning set forth in Section 4.2.4.

 

 1.47     Privileged Documents. The meaning set forth in Section 4.2.4.

 

    5

     

    

 

 1.48     Proceeding. The meaning set forth in Section 6.1.6.

 

 1.49     Property. The meaning set forth in the Recitals.

 

1.50     Purchase Agreement.
The Asset Purchase Agreement attached hereto in the form of Exhibit A.

 

 1.51     Purchase Shares. The meaning set forth in Section 3.2.2.

 

1.52    
Related Agreements. The (a) Memorandum of Option, (b) the Purchase Agreement, and (c) Closing Documents.

 

1.53     Representative.
With respect to any Person, any and all directors, officers, members, managers, employees, consultants, financial advisors, counsel,
accountants and other agents of such Person.

 

1.54     Restricted Areas.
The pit impoundment and backfilled areas; leach pads; water management infrastructure, including French drains, ponds and embankments;
and the South Gulch drainage area.

 

 1.55     SEC. The United States Securities and Exchange Commission.

 

1.56     Securities Act.
The Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

 1.57     Securities Filings. The meaning set forth in Section 7.1.6(b).

 

1.58     Tax.
All federal, state, local, foreign and other income, gross receipts, sales, use, severance, depletion, production, ad valorem,
transfer, franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment,
estimated, excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall
profits, customs, duties or other taxes, fees, assessments or charges in the nature of a tax of any kind whatsoever, together with
any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties.

 

 1.59     Termination Event. The meaning set forth in Section 8.1.

 

1.60     Transfer. To,
directly or indirectly, sell, transfer, assign, convey, dispose or otherwise grant a right, title or interest (including a joint
venture interest or an expropriation or other transfer required or imposed by Law or any Governmental Authority, whether voluntary
or involuntary), or to abandon, surrender or otherwise relinquish a right, title or interest.

 

2.             Option.

 

2.1       Grant
of Purchase Option. Each Owner, severally and not jointly, hereby grants to Option Holder the sole and exclusive right and
option during the Option Period to elect to purchase all of such Owner’s right, title, and interest in and to the Property and
the Data (the “Option”), which Option must be exercised in whole, but not in part, by Option Holder (if at all)
in accordance with the terms and conditions of this Contract.

 

    6

     

    

 

2.2       Payment
of Purchase Option Consideration. In consideration for the granting of the Option, Option Holder shall pay to the Administrative
Agent, for the benefit of the Owners, the following (the “Option Consideration”):

 

2.2.1       On the Effective Date,
Option Holder shall (a) pay to the Administrative Agent, on behalf of Owners, an amount in cash equal to $100,000, by wire transfer of
immediately available funds to one or more bank accounts designated by Owner on or before the Effective Date (the “Option Cash
Consideration”); and (b) issue to Owners or their designee, as determined by the Administrative Agent, 400,000 Dakota Shares
(the “Option Shares”), which Option Shares shall be (i) registered in the name of Owners or their designee in book-entry
form by the Option Holder’s transfer agent and (ii) bear a customary restrictive legend reflecting the issuance of the Option Shares
in a transaction exempt from registration under the Securities Act. The Administrative Agent, on behalf of Owners, shall promptly provide
to Option Holder and its transfer agent such documentation reasonably requested by them in connection with the delivery of the Option
Shares to Owners or their designee, as determined by the Administrative Agent.

 

2.2.2        In addition to the Option
Cash Consideration and the Option Shares, Option Holder shall pay to the Administrative Agent, on behalf of the Owners, additional cash
consideration of $200,000 (the “Additional Option Cash Consideration”), $100,000 of which shall be paid on the first
anniversary of the Effective Date, and the remaining $100,000 of which shall be paid on the second anniversary of the Effective Date (each,
an “Additional Option Cash Consideration Payment Date”); provided, if an Additional Option Cash Consideration
Payment Date falls on a day other than a Business Day, then the Additional Option Cash Consideration will be paid on the immediately succeeding
Business Day. Payments of Additional Option Cash Consideration shall be made by wire transfer of immediately available funds to one or
more bank accounts designated by the Administrative Agent on or before the applicable Additional Option Cash Consideration Payment Date.
If the Closing occurs before an Additional Option Cash Consideration Payment Date, then Option Holder shall not be required to pay the
Additional Option Cash Consideration payable on such Additional Option Cash Consideration Payment Date and, if applicable, any subsequent
Additional Option Cash Consideration payments. If Option Holder terminates this Contract before an Additional Option Cash Consideration
Payment Date, then Option Holder shall not be required to pay the Additional Option Cash Consideration payable on such Additional Option
Cash Consideration Payment Date and, if applicable, any subsequent Additional Option Cash Consideration payments.

 

2.3      Memorandum of Option.
On the Effective Date, provided that the Administrative Agent shall have received from Option Holder the Option Cash Consideration and
the Option Shares, Option Holder, at its cost and expense, shall have the right to record the Memorandum of Option in Lawrence County,
South Dakota. The Memorandum of Option shall not limit, increase or in any manner affect any of the terms of this Contract or any rights,
interests or obligations of the Parties hereunder.

 

    7

     

    

 

2.4       No
Partnership. Nothing contained in this Contract shall be deemed to constitute any Party the partner of any of the other Party,
or to constitute any Party the agent or legal representative of the other Party or to create any fiduciary relationship between
them. The Parties do not intend to create, nor shall this Contract be construed to create, any mining, commercial or other
partnership. No Party shall have any authority to act for or to assume any obligation or responsibility on behalf of the other
Party, except as otherwise expressly provided herein.

 

2.5       Administrative
Agent. Owners hereby appoint Homestake as the Administrative Agent of Owners under this Contract, and each Owner hereby authorizes
Homestake to act on behalf of it as its Administrative Agent in accordance with the terms of this Contract. Homestake hereby agrees to
act as the Administrative Agent of Owners as set forth in this Contract. Option Holder hereby acknowledges and agrees that Homestake
is acting as the Administrative Agent of Owners under this Contract.

 

2.6       Governmental Authorities.
During the Option Period, Option Holder shall provide the Administrative Agent with at least five days’ prior notice of any meetings
scheduled by Option Holder or its Affiliates or its and their respective Representatives with Governmental Authorities, related to the
Property, including any Exploration or Mining Operations on the Property, and the Administrative Agent shall have the opportunity to participate
in any such meetings.

 

2.7       Financial Statements.
Beginning on the Effective Date and continuing through the Option Period, Option Holder shall deliver the Financial Statements to the
Administrative Agent within 30 days after completion of each such Financial Statement. Option Holder may satisfy the delivery requirements
of this Section 2.6 by timely filing any such financial statements with the SEC.

 

2.8       Other Activities.
Except as expressly provided in this Contract, each of the Parties may be engaged on its own behalf and on behalf of Persons other than
the Parties in the general mining business and each of the Parties hereby consents to such involvement by the other without consulting
the other Party or inviting or allowing the other Party to participate. Except as expressly provided in this Contract, the legal doctrine
of “corporate opportunity” sometimes applied to persons occupying a fiduciary status shall not apply in the case of any endeavor
of any Party.

 

 3.             Exercise of Option.

 

3.1       Notice
of Exercise. If Option Holder elects to exercise the Option:

 

3.1.1     Option Holder shall
deliver to the Administrative Agent the Option Exercise Notice any time during the Option Period; and

 

3.1.2     Owners and Option Holder
shall execute the Purchase Agreement within ten (10) days after the date of delivery of the Option Exercise Notice; provided that
Owners’ failure to timely execute the Purchase Agreement shall not vitiate Option Holder’s exercise of the Option by delivering
the Option Exercise Notice in accordance with Section 3.1.1.

 

3.2       Closing.
The Closing shall occur on the Closing Date. At the Closing:

 

    8

     

    

 

3.2.1    Each of the Parties
will execute and deliver the Closing Documents to which it is a party, together with any other documents or instruments required for the
Closing; and

 

3.2.2    Option Holder shall
issue to Owners or their designee, as determined by the Administrative Agent, 400,000 Dakota Shares (the “Purchase Shares”),
which Purchase Shares shall be (a) registered in the name of Owners or their designee, as determined by the Administrative Agent, in book-entry
form by the Option Holder’s transfer agent and (b) bear a customary restrictive legend reflecting the issuance of the Purchase Shares
in a transaction exempt from registration under the Securities Act. The Administrative Agent shall promptly provide to Option Holder and
its transfer agent such documentation reasonably requested by them in connection with the delivery of the Purchase Shares to the Administrative
Agent.

 

 4.             Option Holder’s Access Rights to Property and Data During Option Period. 4.1 Option Holder’s Access Rights to Property.

 

4.1.1     Access to the Property.
Subject to Section 4.1.2, Option Holder, at its cost, may access the Property during the Option Period in order to conduct Exploration;
provided that Option Holder shall not conduct any Exploration within the Restricted Areas without the express written consent of
the Administrative Agent, such consent not to be withheld unreasonably. Any Exploration shall be conducted pursuant to an exploration
plan approved by the Administrative Agent, acting reasonably (the “Exploration Plan”), and in accordance with all applicable
Environmental Laws. Option Holder, at its cost, shall be responsible to obtain all Permits and third-party consents, including consents
from third parties who or which hold rights in property other than the Property, required to conduct Exploration. Option Holder shall
be responsible for all reclamation and remediation associated with Exploration. The Administrative Agent and its Affiliates, and its and
their respective Representatives, shall have the right, but not the obligation, to review the Exploration undertaken by Option Holder,
to verify that such Exploration is being conducted according to the Exploration Plan and applicable Environmental Laws, and that no Exploration
is conducted in the Restricted Areas. Option Holder shall be responsible and liable for all Exploration. In addition, Option Holder shall
have the right, but not the obligation, to conduct reviews of zoning, building code and other applicable ordinances to determine whether
the Property is in compliance.

 

4.1.2     Limitations.
Neither Option Holder nor its Affiliates shall conduct any Mining Operations on the Property.

 

4.1.3     Indemnification of
Owner. Option Holder shall indemnify, defend and save harmless the Administrative Agent, each Owner and its Affiliates and its and
their respective Representatives, with counsel of their choosing, from and against any and all claims, debts, demands, suits, actions
and causes of action whatsoever which may be brought or made against one or more of them by any Person and all loss, cost, damages, expenses
and liabilities (including Attorneys’ Fees) which may be suffered or incurred by them arising out of or in connection with or in
any way referable to, whether directly or indirectly, any access to the Property by Option Holder and its Affiliates and its and their
respective Representatives, including, without limitation, bodily injuries or death at any time resulting therefrom or damage to Property.

 

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4.1.4     Compliance with Laws
and Policies. In exercising its rights under Sections 4.1.1 and 4.1.2, Option Holder shall comply with all applicable Governmental
Requirements and shall carry out its activities in accordance with Mining Industry Best Practices and the environmental, health and safety
policies of each Owner. Option Holder, at its cost and expense, shall be responsible for obtaining all Permits and bonding required to
conduct its activities pursuant to Sections 4.1.1 and 4.1.2. Each Owner shall reasonably cooperate with Option Holder, at the expense
of Option Holder, in obtaining any Permits or other permissions that are required for Option Holder to conduct its activities on the Property
pursuant to Sections 4.1.1 and 4.1.2.

 

4.2       Option Holder
Rights to Data.

 

4.2.1     Access to Data.
During the Option Period, the Administrative Agent shall provide to Option Holder reasonable access to all of the Data that either Owner
owns or controls for Option Holder’s review. Any such review shall be during normal operating hours of the Owners and upon not less
than two (2) Business Days’ prior notice, which may be given by email. If Option Holder exercises the Option, then on the Closing
Date, each Owner shall Transfer, at Option Holder’s cost and expense, all of its rights, title and interest in and to the Data to
Option Holder, subject to Sections 4.2.4 and 4.2.5.

 

4.2.2     Access to Todd Duex.
During the Option Period, each Owner hereby waives any confidentiality obligations between such Owner and Mr. Todd Duex, to the extent
Option Holder desires to obtain information from Mr. Duex regarding the Property; provided that neither Owner shall be responsible
or liable for any information provided to Option Holder by Mr. Duex, or any actions taken by Option Holder or its Affiliates based on
information provided by Mr. Duex.

 

4.2.3    Access to Jeff Burich.
During the Option Period, the Administrative Agent will make Jeff Burich reasonably available to Option Holder during normal operating
hours in order to discuss factual matters regarding the Property; provided that (a) such discussions will not unreasonably interfere
with the normal business activities of Mr. Burich for or on behalf of each Owner and its Affiliates, (b) neither Owner shall be responsible
or liable for any actions taken by Option Holder or its Affiliates based on information provided by Mr. Burich; (c) Option Holder hereby
releases Mr. Burich from any liability with respect to any information provided by Mr. Burich to Option Holder or its Affiliates or its
or their respective Representatives related to the Property; and (d) any information provided by Mr. Burich to Option Holder or its Affiliates
or its or their respective Representatives in no way shall be attributed to Knowledge of Owner.

 

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4.2.4    Privilege.
All communications and other documents exchanged between the Administrative Agent, Owners or its or their Affiliates and legal
counsel (including, as applicable, internal legal counsel) providing legal advice to the Administrative Agent, Owners and its and
their Affiliates, including documents and communications relating to the this Contract, the Related Agreements and the Property, and
files maintained by legal counsel as a result of providing legal advice to the Administrative Agent, Owners or its or their
Affiliates (the “Privileged Documents”), that are subject to attorney-client privilege, any similar privilege, or
that constitute attorney work product (as applicable, a “Privilege”), specifically are excluded from the Data and
shall be and remain the property of the Administrative Agent, Owners and its and their Affiliates, as applicable. Neither the
Administrative Agent or Owners, nor its and their Affiliates, intend to waive any applicable Privilege, and any disclosure of any
Privileged Documents, whether in the Data or otherwise, shall be deemed to be inadvertent. Accordingly, Option Holder, on its behalf
and on behalf of its Affiliates and its and their respective Representatives acknowledges and agrees that a disclosure of any
Privileged Documents will not constitute a waiver of such Privilege, and the Person receiving any such Privileged Documents shall,
promptly upon request or becoming aware that such documents are Privileged Documents, return to Owner, or with the consent of the
Administrative Agent, destroy, such Privileged Documents.

 

4.2.5    Disclaimer of Warranties
of Data. All Data provided to, or made available to Option Holder under this Contract or prior to the Effective Date, is provided
without representation or warranty and is at the sole risk of Option Holder. Such information is provided “AS IS, WHERE IS”
AND WITH ALL FAULTS, AND THE ADMINISTRATIVE AGENT, OWNERS AND ITS AND THEIR AFFILIATES EXPRESSLY DISCLAIM THE ACCURACY OR COMPLETENESS
OF ALL DATA, AND ALL EXPRESS OR IMPLIED WARRANTIES CONCERNING THE SAME, AND EXPRESSLY EXCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS
FOR ANY PARTICULAR PURPOSE.

 

5.             Maintenance
of Property; Title.

 

5.1       Maintenance of the Property.
Owners shall make all payments of Taxes, royalties, land-holding costs, claim maintenance and similar fees, lease payments and other payments
that become due during the Option Period and that are required for Owners to maintain its interest in the Property.

 

5.2       No Encumbrances.
During the Option Period, Owners shall not lease, pledge as collateral or security, mortgage or encumber or cause or allow any Encumbrance
created by, through or under Owners to be placed against the Property, or grant any other right in or to the Property, except as expressly
provided in this Contract, except for Permitted Encumbrances.

 

6.             Owner’s
Representations.

 

6.1       Representations and Warranties.
Each Owner, severally but not jointly, hereby represents and warrants to Option Holder as of each of the Effective Date and the Option
Exercise Date as follows:

 

6.1.1     Incorporation and
Qualification. It is a corporation or limited liability company, as applicable, incorporated or formed and in good standing under
the laws of the jurisdiction of this organization and has the corporate or limited liability power to enter into and perform its obligations
under this Contract, the Purchase Agreement and the Related Agreements to which it is a party;

 

6.1.2     Corporate Authority.
The execution and delivery of and performance by it of this Contract, the Purchase Agreement and the Related Agreements to which it is
a party and the Transfer of the Property by it to the Option Holder have been authorized by all necessary corporate or limited liability
action on its part;

 

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6.1.3     No Violation or Breach.
The execution and delivery of and performance by it of this Contract, the Purchase Agreement and the Related Agreements to which it is
a party:

 

 (a)       does not conflict with its organizational documents;

 

(b)       does
not violate in any material respect any law applicable to it or the Property; and

 

(c)       does not (or would
not with the giving of notice or the lapse of time) result in a material breach or material violation of or a conflict in any material
way with, or allow any other person or entity to exercise any rights under any contracts or instruments directly related to the Property
to which it is a party;

 

6.1.4    Execution
and Binding Obligation. This Contract and, when executed, the Purchase Agreement and each of the Related Agreements to which it is
a party has been duly executed and delivered by it and constitutes a legal, valid and binding agreement enforceable against it in accordance
with its terms, subject only to any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement
and other laws of general application affecting the enforcement of creditors’ rights, and (ii) the discretion that a court may
exercise in the granting of equitable remedies;

 

6.1.5    Filings, Consents
and Approvals. To the Knowledge of Owner, it is not required to obtain any consent, waiver, authorization or order of, give any notice
to, or make any filing or registration with, any court or other Governmental Authority or other Person in connection with the execution,
delivery and performance by it of this Contract or any of the Related Agreements to which it is a party, other than (a) filings required
by state or federal securities laws (including the Securities Act), if applicable, (b) those that have been made or obtained prior to
the date of this Contract, (c) the recording of the Memorandum of Option and the Quitclaim Deed; and (d) approvals for the Transfer of
any Permits.

 

6.1.6    Title
to Property. It (a) owns or has valid rights to the Property, free and clear of any and all Encumbrances, except for Permitted Encumbrances;
(b) other than the rights of Option Holder pursuant to this Contract, there are no outstanding options, rights of first offer or first
negotiation or rights of first refusal in favor of any other party to acquire an interest in the Property; and (c) has not received written
notice of, and to the Knowledge of Owner, there is no, pending or threatened condemnation proceeding or proposed action or agreement
for taking in lieu of condemnation with respect to any portion of the Property.

 

6.1.7    No Action. It
has not received notice of any, and to the Knowledge of Owner, there are no pending or threatened actions, claims, counterclaims, suits,
governmental investigations or inquiries, or other proceedings (each, a “Proceeding”), which would prevent the consummation
of the transactions contemplated by this Contract, nor any Proceeding or Claim (as defined in the Purchase Agreement) related to, or that
would otherwise materially adversely affect, the Property, including, without limitation, the title or environmental status of the Property.

 

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6.1.8    Option
Shares. It is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the
Securities Act and it is acquiring the Option Shares for its own account and not with a view to the distribution thereof. Owner understands
that the Option Shares have not been and will not be registered under the Securities Act, will bear a restrictive legend, and may be
resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available. It further
represents and warrants that it will not Transfer any Option Shares or any interest therein except in a transaction exempt from or not
subject to the registration requirements of the Securities Act. It represents that (i) it has such knowledge, sophistication and experience
in business and financial matters that it is capable of evaluating the merits and risks of the acquisition of the Dakota Shares and (ii)
it has been granted the opportunity to ask questions of, and receive satisfactory answers from, representatives of Option Holder concerning
the business affairs and financial condition of Option Holder and its subsidiaries, and has had the opportunity to obtain and has obtained
any additional information which it deems necessary regarding such purchase, and that Option Holder is not required to register the Option
Shares.

 

6.2       Disclaimer.

 

6.2.1    Option Holder hereby
acknowledges and agrees that the transactions contemplated by this Contract and the Related Agreements are being completed on an “as
is, where is” and “with all faults” basis. Except as expressly set forth herein, neither the Administrative Agent or
Owner or its and their Affiliates nor its or their respective or Representatives, or any other Person, has made or makes any other express
or implied representation or warranty, either written or oral, on behalf of the Administrative Agent or Owners, including any representation
or warranty as to the accuracy or completeness of any Data or other information furnished or made available to any other Option Holder
and its Affiliates and its and their respective Representatives (including any projections, information, documents or material made available
in the Data, management presentations or other communications with management, or in any other form in expectation of the transactions
contemplated in this Contract or the Related Agreements), the sufficiency, merchantability or fitness for any particular purpose of the
Property or any Permits held by Owners related to the Property, compliance with applicable Governmental Requirements, or as to the future
revenue, profitability or success arising from the transactions contemplated in this Contract or the Related Agreements, or any representation
or warranty arising from statute or otherwise at law or in equity, all of which are hereby expressly disclaimed.

 

6.2.2    WITHOUT
LIMITING THE FOREGOING, OWNER MAKES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER CONCERNING THE EXISTENCE OR STATUS OF ANY MINES OR
WORKINGS WITHIN THE AREA COVERED BY THE PROPERTY, INCLUDING THE EXISTENCE AND STATUS OF ANY ABANDONED MINES OR WORKINGS, THE STATUS
OF ANY ROYALTIES OR THE EXISTENCE OR STATUS OF ANY UNRECORDED RIGHTS TO ANY ROYALTIES, THE EXISTENCE, NATURE, LOCATION, AMOUNT OR
VALUE OF ANY MINERALIZATION, MINERAL RESERVES OR RESOURCES, THE ABILITY TO EXTRACT, PROCESS, OR SELL MINERALS BY ANY MEANS, WHETHER
ANY NECESSARY PERMITS CAN BE OBTAINED IN A TIMELY MANNER OR AT ALL, WHETHER ANY MINING CAN BE DONE ECONOMICALLY OR AT ALL, OR THAT
THERE WILL BE NO THIRD PARTY CHALLENGE TO THE ISSUANCE OF ANY REQUIRED PERMIT OR ENVIRONMENTAL IMPACT STATEMENT REQUIRED FOR
OPERATIONS WITH RESPECT TO THE PROPERTIES, OR THAT THERE ARE NO RIGHTS (INCLUDING ROYALTIES, ACCESS RIGHTS, INFORMATION RIGHTS,
RECONVEYANCE RIGHTS, REVERSIONARY RIGHTS OR OTHER RIGHTS OF PREDECESSORS IN INTEREST) RFELATED TO THE PROPERTY.

 

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7.             Option Holder’s
Representations.

 

7.1       Representations and Warranties.
Option Holder hereby represents and warrants to the Administrative Agent and each Owner as of the each of Effective Date and the Option
Exercise Date as follows:

 

7.1.1    Incorporation and
Qualification. Option Holder is a corporation incorporated and in good standing under the laws of the State of Nevada and has the
corporate power to enter into and perform its obligations under this Contract, the Purchase Agreement and the Related Agreements to which
Option Holder is a party.

 

7.1.2    Corporate
Authority. The execution and delivery of and performance by Option Holder of this Contract, the Purchase Agreement and each of the
Related Agreements to which Option Holder is a party, the Transfer of the Property from Owner to Option Holder have been authorized by
all necessary corporate action on the part of Option Holder.

 

7.1.3     No Violation or Breach.
The execution and delivery of and performance by Option Holder of this Contract, the Purchase Agreement and the Related Agreements to
which it is a party:

 

(a)       does
not conflict with the articles of incorporation or bylaws of Option Holder;

 

(b)       does
not violate in any material respect any law applicable to Option Holder; and

 

(c)       does not (or would
not with the giving of notice or the lapse of time) result in a material breach or material violation of or a conflict in any material
way with, or allow any other person or entity to exercise any rights under any contracts or instruments to which Option Holder is a party.

 

7.1.4     Execution and Binding
Obligation. This Contract, the Purchase Agreement and each of the Related Agreements to which Option Holder is a party has been duly
executed and delivered by Option Holder and constitutes a legal, valid and binding agreement of Option Holder enforceable against it in
accordance with its terms subject only to any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement
and other laws of general application affecting the enforcement of creditors’ rights, and (ii) the discretion that a court may exercise
in the granting of equitable remedies.

 

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7.1.5    Capitalization.

 

(a)       The
authorized capital of Option Holder consists of 75,000,000 shares of common stock and 10,000,000 shares of preferred stock, of which
70,428,204 shares of common stock no shares of preferred stock, and derivative securities to purchase up to 4,146,250 shares of
common stock are issued and outstanding as of October 4, 2021; and

 

(b)       On a fully diluted
basis, Option Holder has a sufficient number of authorized shares of common stock to issue the Dakota Shares without exceeding the number
of shares authorized under Option Holder’s articles of incorporation.

 

7.1.6       Filings,
Consents and Approvals.

 

(a)       Option Holder is not
required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court
or other Governmental Authority or other Person in connection with the execution, delivery and performance by Option Holder of this Contract,
the Purchase Agreement or any of the Related Agreements to which it is a party, other than (i) filings required by state or federal securities
laws (including the Securities Act), if applicable, and (ii) those that have been made or obtained prior to the date of this Contract;
and

 

(b)      During the last 12
months, Option Holder has filed in a timely manner all disclosures, reports and other filings required to be filed by it under applicable
securities laws (the “Securities Filings”) in all jurisdictions in which such Securities Filings are required to be
filed and with all securities exchanges where the Purchaser’s securities are traded, and all such Securities Filings are true and
accurate in all material respects.

 

7.1.7     Issuance of the Option
Shares. The issuance of the Option Shares has been duly authorized and, when issued, the Option Shares will be duly and validly issued,
fully paid and nonassessable, free and clear of all Encumbrances.

 

7.1.8     Independent
Review.

 

(a)         Option Holder and its
direct and indirect Affiliates, and its and their respective Representatives, have had sufficient access to and opportunity to review
the Property and Data and to ask questions of the Administrative Agent and the management representatives and professional advisors of
Owners, as necessary for Option Holder to investigate, analyze, and evaluate the Property and Data and to make its and their independent
decision to acquire the Property and to consummate the transactions contemplated by this Contract, the Purchase Agreement and the Related
Agreements to which Option Holder is a party.

 

(b)       In
making the decision to enter into this Contract, the Purchase Agreement and the Related Agreements to which Option Holder is a
party, and to consummate the transactions contemplated herein and therein, Option Holder has conducted its own independent
investigation, analysis, and evaluation of the Property and Data (including Option Holder’s own estimate and appraisal of the
extent, location and value of mineralization, mineral resources and reserves, undeveloped properties, and environmental
obligations), and the financial condition of, operations, and prospects for, the Property.

 

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8.             Termination
and Effect of Termination.

 

8.1           Termination
Events. This Contract may be terminated upon the occurrence of any one or more of the following events (each, a “Termination
Event”):

 

8.1.1       By
Option Holder upon giving thirty (30) days written notice to the Administrative Agent;

 

8.1.2       By
mutual written agreement of the Administrative Agent and Option Holder;

 

8.1.3      In
the event that Option Holder fails to exercise the Option by delivery of an Option Exercise Note during the Option Period;

 

8.1.4       In
the event that Option Holder fails to execute the Purchase Agreement in accordance with Section 3.1.2;

 

8.1.5       By
Owners, acting through the Administrative Agent, upon the failure of Option Holder to make any Additional Option Cash Payment on or before
the applicable Additional Option Cash Payment Date to the extent required by Section 2.2.2 and such failure is not cured within five
(5) Business Days after Option Holder’s receipt of notice of such failure;

 

8.1.6       By
Owners, acting through the Administrative Agent, in the event Option Holder conducts Exploration in violation of the Exploration Plan
or conducts Exploration in the Restricted Areas without the consent of the Administrative Agent;

 

8.1.7       By
Owners, acting through the Administrative Agent, in the event Option Holder files for bankruptcy, becomes insolvent or undergoes material
restructuring event, including a change in the majority of the board of directors of Option Holder or a change in the majority of the
executive management of Option Holder that would require a filing by Option Holder of a Form 8-K with the SEC (each, a “Material
Adverse Event”), and Owners, acting through the Administrative Agent, determine, acting reasonably, that Option Holder is unable
to exercise the Option and conduct Mining Operations on the Property as a result of such Material Adverse Event;

 

8.1.8       Except
as allowed in Section 4.1.1, Option Holder conducts or has conducted on its behalf Mining Operations on the Property without the written
consent of Owners, acting through the Administrative Agent, and any other Person who or which has rights to the Property or the minerals
appurtenant to the Property;

 

8.1.9       In
the event Owners, acting through the Administrative Agent, consent to the conduct of Mining Operations on the Property, Option Holder
materially fails to conduct, or have conducted, such Mining Operations in accordance with Mining Industry Best Practices; or

 

8.1.10     In
the event the Purchase Agreement is not executed in accordance with Section 3.1.2, or the Purchase Agreement is terminated by either
Party in accordance with the terms thereof.

 

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8.2           Effect
of Termination. Upon a Termination Event:

 

 

8.2.1       this
Contract automatically shall terminate;

 

8.2.2       Upon
Owners request, acting through the Administrative Agent, Option Holder shall deliver to Owner all information and data developed by or
on behalf of Option Holder related to the Property; and

 

8.2.3       Owner,
acting through the Administrative Agent, shall have the right to release the Memorandum of Option, and Option Holder shall cooperate
with the Administrative Agent in the preparation and recordation of any document or instrument releasing the Memorandum of Option.

 

8.3           Survival.
Upon the expiration or termination of this Contract, the provisions of this Contract that, by their terms are intended to survive the
expiration or termination of this Contract shall so survive including, without limitation, Sections 1, 2.4, 4.1.3, 4.2.2, 4.2.3, 4.2.4,
4.2.5, 6.2, 7.1.8, 8.2 and 10.

 

9.             Notices.
Any notice, request, demand, instruction or other communication to be given to either Party hereunder, except where required to be delivered
at the Closing, shall be in writing and shall either be (a) hand-delivered, (b) sent by Federal Express or a comparable overnight mail
service, or (c) mailed by U.S. registered or certified mail, return receipt requested, postage prepaid, or (d) sent by electronic mail
or other electronic means, to Option Holder, the Administrative Agent on behalf of Owners, Option Holder’s Attorney and Owner’s
Attorney, at their respective addresses set forth in Section 1 of this Contract. Notice shall be deemed to have been given upon receipt
or refusal of delivery of said notice. The addressees and addresses for the purpose of this paragraph may be changed by giving notice.
Unless and until such written notice is received, the last addressee and address stated herein shall be deemed to continue in effect
for all purposes hereunder.

 

		10.	Miscellaneous.

 

10.1         Section
and Paragraph Headings. The section and paragraph headings herein contained are for the purposes of identification only and shall
not be considered in construing this Contract.

 

10.2         Amendment.
No modification or amendment of this Contract shall be of any force or effect unless in writing executed by each of Owners and Option
Holder.

 

10.3         Attorneys’
Fees. If any Party obtains a judgment against any other Party by reason of breach of this Contract, Attorneys’ Fees and costs
shall be included in such judgment.

 

10.4         Governing
Law.

 

10.4.1 This Contract and
all the documents delivered in connection with this Contract shall be construed and enforced in accordance with the laws of the State
of South Dakota, without regard to any conflicts of law provisions that may otherwise require the application of the law of any other
jurisdiction.

 

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10.4.2     Any
Proceeding arising out of or based upon this Contract or the interpretation thereof may be instituted in the state courts of South Dakota
or the federal courts of the United States, in each case located in Rapid City, South Dakota, and each Party irrevocably submits to the
exclusive jurisdiction of such courts in any such Proceeding. Service of process, summons, notice or other document by mail to such Party’s
address set forth herein shall be effective service of process for any Proceeding brought in any such court. The Parties irrevocably
and unconditionally waive any objection to the laying of venue of any Proceeding in such courts and irrevocably waive and agree not to
plead or claim in any such court that any such Proceeding brought in any such court has been brought in an inconvenient forum.

 

10.5         Entire
Contract. This Contract sets forth the entire agreement between Owners and Option Holder relating to the Property and all subject
matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the
Parties.

 

10.6         Time
of the Essence. Time is of the essence in the performance of all obligations by Option Holder and Owners under this Contract.

 

10.7         Computation
of Time. Any reference herein to time periods of less than six (6) days shall exclude Saturdays, Sundays and legal holidays in the
computation thereof. Any time period provided for in this Contract which ends on a Saturday, Sunday or legal holiday shall extend to
5:00 p.m. on the next full Business Day.

 

10.8         Successors
and Assigns; Assignment. This Contract shall inure to the benefit of and be binding upon the permitted successors and assigns of
the Parties. Option Holder may only assign this Contract upon Owners’ written consent, acting through the Administrative Agent,
which Owners, acting through the Administrative Agent, shall exercise in their sole discretion; provided, however, that
Option Holder shall have the right to assign this Contract, upon notice to, but without the written consent of, Owners, to an Affiliate
of Option Holder. If Option Holder assigns this Contract to such an Affiliate or with Owner’s consent, any assignee of Option Holder
shall be able and obligated to Close under this Contract in the same manner as Option Holder and the originally named Option Holder shall
not be released from any of the obligations of “Option Holder” under this Contract. In the event Option Holder assigns this
Contract to an Affiliate of Option Holder or with the consent of Owners, acting through the Administrative Agent, a duly executed assignment
of this Contract shall be delivered to Owner at or prior to the Closing Date, as well as entity documentation as may be reasonably requested
by Owners, acting through the Administrative Agent.

 

10.9         Construction
of Contract. All of the Parties to this Contract have participated freely in the negotiation and preparation hereof; accordingly,
this Contract shall not be more strictly construed against any one of the Parties.

 

10.10       Gender.
As used in this Contract, the masculine shall include the feminine and neuter, the singular shall include the plural and the plural shall
include the singular as the context may require.

 

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10.11       Counterparts;
Electronic Execution. This Contract may be executed in any number of counterparts and delivered via electronic mail or otherwise,
each of which when executed and delivered shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

10.12       Further
Assurances. The Parties each agree to do such other and further acts and things, and to execute and deliver such instruments and
documents (not creating any obligations additional to those otherwise imposed by this Contract) as either may reasonably request from
time to time, whether at or after the Closing, in furtherance of the purposes of this Contract. In addition, in the event either Owner
becomes aware that any representation, warranty or covenant of such Owner set forth in this Contract will not be true and correct in
any material respect on the Closing Date, then such Owner, acting through the Administrative Agent shall give prompt written notice thereof
to Purchaser, which notice shall include all appropriate information related thereto that is in the possession or control of such Owner.

 

10.13       Closing
Documents/Deliverables. To the extent any of the Closing Documents are not attached hereto or to the Purchase Agreement at the time
of this Contract, Option Holder and Owner shall negotiate in good faith with respect to the form and content of such Closing Documents
prior to Closing.

 

10.14       Brokers.
Each Party hereto represents and warrants to the other that that it has not had, and shall not have, any dealings with (and it has not
engaged and will not engage) any third party to whom the payment of any broker’s fee, finder’s fee, commission or other similar
compensation shall or may become due or payable in connection with the transactions contemplated hereby. It is agreed that if any claims
for brokerage commissions or fees are ever made against either Owner or Option Holder, all such claims shall be handled and paid by the
Party whose actions or alleged commitments form the basis of such claim. Each Party shall indemnify, defend and hold the other Party
harmless from any and all claims for commissions or fees by brokers made against the other Party, and resulting loss, cost (including
reasonable Attorneys’ Fees) and damages, which claim shall have arisen out of any written document or alleged oral agreement entered
or purported to have been entered into by the indemnifying Party and the person claiming such commission, with respect to the transaction
contemplated by this Contract.

 

10.15       Confidentiality.

 

10.15.1   Except
for such information as is contained in the Memorandum of Option and related transfer Tax returns, neither Party shall use (other than
in the performance of its obligations under this Contract) or disclose (and each Party shall cause its Affiliates, and its and their
respective Representatives (the “Confidentiality Parties”) not to so use or disclose) and each Party shall (and shall
cause the Confidentiality Parties to) instruct each Party’s (and the Confidentiality Parties’) Representatives with knowledge
of this transaction not to so use or disclose any term or condition, of this Contract or any other identifying details with respect to
the provisions of this Contract (“Contract Matters”); however the Confidentiality Parties can confirm (i) that each
Owner has granted Option Holder an option to purchase the Property, (ii) such details as are set forth in the Memorandum of Option and
(iii) whether or not Option Holder has exercised the option to purchase the Property as set forth in this Contract.

 

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10.15.2 The above notwithstanding,
nothing contained herein shall restrict either Party’s ability to disclose (or restrict the Confidentiality Parties to disclose)
Contract Matters (i) to (A) either Party’s lenders or investors (or potential lenders or investors) or their respective successors
and assigns, (B) any rating agencies, (C) any potential purchasers of Option Holder's interest in this Contract, (D) securities regulators
in accordance with applicable securities laws or (E) any attorneys, accountants and other professionals of the Persons listed in (A)
through (D) above with a need to know such information to perform their duties that either Party retains such professionals for, provided
that such recipients are advised of the confidentiality of such information, (ii) in connection with any arbitration or potential litigation
between the Parties under this Contract, or (iii) that are or become known to the general public under circumstances involving no breach
by such Party or others of the terms of this Section 10.14. Further, either Party may disclose Contract Matters as required by any Governmental
Requirement or by a court of competent jurisdiction or any other Governmental Authority issuing a subpoena to such Party; provided that
such Party (A) gives the other Party prior written notice sufficient to allow the other Party to seek a protective order or other appropriate
remedy and (B) discloses only such information as is required by any Governmental Authority.

 

10.15.3  Notwithstanding
anything to the contrary in this Section 10.14, Owners, acting through the Administrative Agent, and Option Holder shall jointly issue
the first press release regarding the purchase of the Property by Option Holder (or its designee) on the Closing Date. Following such
press release pursuant to the foregoing sentence, Owners may not issue a subsequent press release or other public communication regarding
this Contract without first obtaining Option Holder’s consent, which consent shall not be unreasonably withheld or delayed. With
respect to this Contract, any mention of Option Holder other than merely identifying such Party as the Option Holder of the Property
after the Closing Date in any press release or public communication by Owner shall require Option Holder's prior written consent.

 

10.16       Waiver
of Jury Trial. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY, UNCONDITIONALLY AND INTENTIONALLY FOREVER WAIVES THE RIGHT TO A TRIAL BY
JURY IN RESPECT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER ARISING AT LAW, AT EQUITY, IN TORT OR CONTRACT) BROUGHT BY ANY PARTY
AGAINST SUCH PARTY ON ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS CONTRACT. THE PROVISIONS OF THIS SECTION 10.15 SHALL
SURVIVE THE TERMINATION HEREOF.

 

[SIGNATURE PAGE TO FOLLOW]

 

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IN WITNESS WHEREOF, the Parties have executed this Contract
as of the Effective Date.

 

	 	OWNERS
	 	 
	 	HOMESTAKE MINING COMPANY OF CALIFORNIA, a California corporation, as Owner and Administrative Agent

 

	 	By:	“Patrick Malone”
	 	Name: Patrick Malone
	 	Title: President

 

	 	LAC MINERALS (USA) LLC, a Delaware limited liability company

 

	 	By:	“Patrick Malone”
	 	Name: Patrick Malone
	 	Title: President

 

	 	OPTION HOLDER
	 	 
	 	DAKOTA TERRITORY RESOURCE CORP., a Nevada corporation

 

	 	By:	“Jonathan Awde”
	 	Name: Jonathan Awde
	 	Title: President and Chief Executive Officer

 

    

    

    

 

EXHIBIT A

 

PURCHASE AGREEMENT

 

Attached

 

    

    

    

 

 

ASSET PURCHASE AGREEMENT

 

THIS ASSET PURCHASE AGREEMENT
(together with any schedules or exhibits attached hereto, the “Agreement”) is made and entered into as of this ____
day of _________ 20__ (the “Effective Date”), by and among Homestake Mining Company of California, a California corporation
(the “Homestake”) and LAC Minerals (USA) LLC, a Delaware limited liability company (“LAC Minerals and
together with Homestake, the “Sellers”), and Dakota Territory Resource Corp., a Nevada corporation (the “Purchaser”).
Homestake shall act as the

 

“Administrative Agent” for
the Sellers under this Agreement. Homestake, LAC Minerals and the Purchaser sometimes may be referred to in this Agreement individually
as a “Party,” and collectively as the “Parties.”

 

RECITALS

 

A.         
Each Seller owns or has rights to certain mining claims set forth in Exhibit A attached to this Agreement (the “Mining
Property”) and certain Data related to the Mining Property (collectively, the “Purchased Assets”).

 

B.         
The Parties entered into an Option Agreement for Purchase and Sale of Real Property dated October 14, 2021 (the “Option Agreement”),
pursuant to which each Sellers granted to the Purchaser the exclusive option to purchase the Purchased Assets and assume the Assumed Liabilities.

 

C.          
On _______, the Purchaser exercised its Option (as defined in the Option Agreement) pursuant to the Option Agreement for the purchase
of the Purchased Assets and the assumption of the Assumed Liabilities.

 

D.          
As a result of the exercise of the Option, the Purchaser wishes to purchase the Purchased Assets and to assume and discharge the Assumed
Liabilities from each Seller, and each Seller is willing to sell the Purchased Assets and Transfer the Assumed Liabilities to the Purchaser,
all in accordance with the provisions of this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the above and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, and intending
to be legally bound hereby, the Parties agree as follows:

 

1.             Definitions
and Rules of Construction.

 

(a)           Certain Defined Terms.
The following terms when used in this Agreement shall have the following meanings:

 

“Administrative Agent” has the meaning
set forth in the Preamble.

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly, through one of more intermediaries, controls, is
controlled by, or is under common control with, such Person. For purposes of this definition, “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract, or otherwise.

 

     

     

    

 

“Agreement” has the meaning set forth
in the Preamble.

 

“Assignment and Assumption” means the
Assignment and Assumption in the form of Exhibit B.

 

“Assumed Liabilities”
means all of the known and unknown damages, costs, expenses, responsibilities, Losses, Claims and other liabilities of any nature whatsoever
now existing or hereafter arising out of, relating to, or resulting from, in any manner, the ownership, legal or beneficial right to,
operation, maintenance, preservation, use, exploration or exploitation (including extraction), reclamation and closure of the Purchased
Assets, whether arising before, on or after the Effective Date.

 

“Bill of Sale” means the Bill of Sale
in the form of Exhibit C.

 

“Business Day”
means any day that the banks in New York City, New York and Toronto, Ontario, Canada are open for business, excluding Saturdays and Sundays.

 

“Claim”
means any action, arbitration, cause of action, claim, counterclaim, demand, dispute, hearing, grievance, mediation, injunction, investigation,
obligation, stay, suit or other Proceeding.

 

“Closing” has the meaning set forth in
Section 4.

 

“Closing Date” has the meaning set forth
in Section 4.

 

“Consideration” has the meaning set forth
in Section 3.

 

“Consideration Shares” has the meaning
set forth in Section 3(a).

 

“Dakota Shares”
means shares of common stock, par value $0.001 per share, of the Purchaser.

 

“Data”
means all data, documentation and information which each Sellers possesses relating to the Mining Property, including, by way of illustration
and not by limitation: (a) all geological, geochemical and geophysical maps, reports, surveys and tests; (b) deeds, mortgages, ALTA or
boundary surveys, licenses, title insurance reports and policies, or equivalent documentation, if any; (c) all drill hole maps, drill
logs, drill core, drill cuttings, chip trays, and other samples taken from the Mining Property; (d) all engineering and metallurgical
reports, studies and tests; (e) all sample and assay logs, maps, reports and tests; (f) all mineral resource and ore reserve calculations,
estimates, reports, studies and tests; (g) all anthropological, biological, cultural, hydrologic, environmental, meteorological, and other
like reports, studies, surveys and tests; and (h) all other data relating to the Mining Property, including any such data, documentation
or information in digital, electronic, magnetic, optical and written format, all of which is unverified, but, in each case, excluding
Privileged Documents.

 

    2

     

    

  

“Deductible” has the meaning set forth
in Section 8(d)(ii).

 

“Defaulting Party” has the meaning set
forth in Section 11.

 

“De Minimis Amount” has the meaning set
forth in Section 8(d)(i).

 

“Designee” has the meaning set forth in
Section 3(a).

 

“Effective Date” has the meaning set forth
in the Preamble.

 

“Encumbrance”
means any lien, pledge, mortgage, indenture, option, royalty, deed of trust, rights granted under a streaming agreement or other alternative
financing agreement, security interest, charge, claim, reservation, easement, right-of-way, restriction, servitude, surface use agreement,
imperfection of title, right of first offer or first refusal or similar right, encroachment or other similar encumbrance or obligation
created in favor of a third party.

 

“Environmental Laws”
means all applicable Laws relating to the protection of human health and safety, the environmental or hazardous or toxic substances or
wastes, pollutants or contaminants.

 

“Governmental Authority”
means any federal, state, county, municipal or other governmental department, entity, authority, commission, board, bureau, court, agency
or any instrumentality of any of them.

 

“Homestake” has the meaning set forth
in the Preamble.

 

“Indemnitee” has the meaning set forth
in Section 8(g).

 

“Indemnitor” has the meaning set forth
in Section 8(g).

 

“Knowledge of Seller”
means the actual knowledge of Jeff Burich, Patrick Malone and Michael McCarthy, without inquiry.

 

“LAC Minerals” has the meaning set forth
in the Preamble.

 

“Law” means
any law, enactment, statute, code, ordinance, rule, regulation, formal interpretation, judgment, decree, writ, injunction, franchise,
Permit, certificate, license, authorization, agreement, or other direction or requirement of any Governmental Authority now existing or
hereafter enacted, adopted, promulgated, entered, or issued applicable to Parties, the Mining Property or the Data.

 

“Loss”
means, in respect of any matter, all Claims, demands, Proceedings, losses, damages, liabilities, deficiencies, fines, costs and expenses
(including reasonable legal and other professional fees and disbursements, interest, penalties and amounts paid in settlement (but excluding
punitive, exemplary, aggravated damages, lost opportunity damages and loss of profits), injuries and judgments arising directly or indirectly
as a consequence of such matter.

 

“Mining Property” has the meaning set
forth in Recital A.

 

    3

     

    

 

“Non-Defaulting Party” has the meaning
set forth in Section 11.

 

“NSR” has the meaning set forth in Section
3(b).

 

“OFAC”
means the United States Department of the Treasury, Office of Foreign Assets Control

 

“Option Agreement” has the meaning set
forth in Recital B.

 

“Organizational Documents”
means: (a) as to a corporation, the articles or certificate of incorporation and the bylaws of the corporation; and (b) as to a limited
liability company, the articles or certificate of formation and the operating agreement or limited liability company agreement of the
limited liability company, together with any amendment or supplement to any of the foregoing.

 

“Parties” has the meaning set forth in
the Preamble.

 

“Party” has the meaning set forth in the
Preamble.

 

“PATRIOT Act”
means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, U.S.
Public Law 107-56.

 

“Permit”
means any permit, license, approval, consent, ruling, authorization, certification, concession, exemption, variance, notification, waiver,
clearance or registration by or with any Governmental Authority.

 

“Permitted Encumbrance”
means: (a) Encumbrances for Taxes, assessments or other governmental charges not yet delinquent or the amount or validity of which is
being contested in good faith and diligently by appropriate proceedings; (b) Encumbrances of mechanics, carriers, workers, repairers,
warehousemen and similar Persons arising or incurred in the ordinary course of business in respect of liabilities that are not yet due
or if due and payable, but are unpaid, are being contested in good faith, and in respect of which adequate resources are maintained; (c)
matters of public record; (d) any conditions that reasonably would be expected to be shown by a current land survey or search or examination
of publicly available information or documents; (e) Environmental Laws; (f) Encumbrances that arise due to zoning, subdivision, entitlement,
and other Laws related to land use; (g) royalty interests of public record; (h) the paramount title of the United States; (i) pledges
made with respect to Seller Permits; (j) orders of any Governmental Authority; and (k) any Encumbrances set forth in this Agreement or
the Related Agreements.

 

“Person”
means any natural or artificial legal entity whatsoever, including any individual, general partnership, limited partnership, unincorporated
association, sole proprietorship, corporation, limited liability company, trust, business trust, real estate investment trust, joint venture,
or Government Authority.

 

“Privilege” has the meaning set forth
in Section 2(c)(i).

 

“Privileged Documents” has the meaning
set forth in Section 2(c)(i).

 

    4

     

    

 

“Proceeding”
means any action, Claim, counterclaim, suit, governmental investigation or inquiry, or other proceeding.

 

“Purchased Assets” has the meaning set
forth in Recital A.

 

“Purchaser” has the meaning set forth
in the Preamble.

 

“Purchaser Indemnitees” has the meaning
set forth in Section 8(c).

 

“Quitclaim Deed” means the Quitclaim Deed
in the form of Exhibit D.

 

“Related Agreements”
means the Assignment and Assumption, the Bill of Sale, the Quitclaim Deed and the Royalty Deed.

 

“Representative”
means, with respect to any Person, any and all directors, officers, members, managers, employees, consultants, financial advisors, counsel,
accountants and other agents of such Person.

 

“Royalty Deed” means the Royalty Deed
for the NSR in the form of Exhibit E.

 

“Sanctions”
means sanctions administered or enforced by OFAC, or other relevant sanctions authority.

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Securities Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Sellers” has the meaning set forth in
the Preamble.

 

“Seller Indemnitees” has the meaning set
forth in Section 8(a).

 

“Seller Permits”
means the Permits held by a Seller or its Affiliates related to the Mining Property.

 

“Tax” means
all federal, state, local, foreign and other income, gross receipts, sales, use, severance, depletion, production, ad valorem, transfer,
franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise,
severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs, duties
or other taxes, fees, assessments or charges in the nature of a tax of any kind whatsoever, together with any interest, additions or penalties
with respect thereto and any interest in respect of such additions or penalties.

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, convey, dispose or otherwise grant a right, title or interest (including a joint
venture interest or an expropriation or other transfer required or imposed by Law or any Governmental Authority, whether voluntary or
involuntary), or to abandon, surrender or otherwise relinquish a right, title or interest.

 

    5

     

    

 

(b)           Interpretation.
In this Agreement:

 

(i)        unless the context otherwise
clearly requires, (A) references to the plural include the singular, and references to the singular include the plural, (B) references
to one gender include the other gender, (C) the words “include,” “includes,” and “including” do not
limit the preceding terms or words and shall be deemed to be followed by the words “without limitation,” (D) the terms “hereof,”
 “herein,” “hereunder,” “hereto,” and similar terms refer to this entire Agreement and not to any particular
provision of this Agreement, unless the provision otherwise provides, (E) “or” is used in the inclusive sense of “and/or,”
(F) if a word or phrase is defined, then its other grammatical or derivative forms have a corresponding meaning; (G) a reference to Law
or a statute, code, act, legislation, or to a provision thereof includes a modification, amendment, or substitution thereof or any successor
Law, the rules and regulations promulgated thereunder, and the formal interpretations issued in accordance therewith; and

(H) unless otherwise specified, the terms “day” and “days”
mean and refer to calendar day(s);

 

(ii)        unless otherwise specified,
any reference to any document, instrument or agreement (including a reference to this Agreement) (A) includes and incorporates all exhibits,
schedules, and other attachments thereto, (B) includes and incorporates all documents, instruments, deeds, or agreements issued or executed
in connection therewith or in replacement thereof, and (C) means such document, instrument, deed, or agreement, or replacement or predecessor
thereto, as amended, modified, or supplemented from time to time in accordance with its terms and in effect at the relevant time (except
to the extent prohibited by this Agreement or such other agreement or document);

 

(iii)      unless otherwise specified,
all references to articles, sections, schedules and exhibits are to the Articles, Sections, and Exhibits of this Agreement;

 

(iv)      the headings of this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement; and

 

(v)       the Parties acknowledge
that they and their respective legal counsel have reviewed and participated in negotiating and settling the terms of this Agreement, including
the Related Agreements, and agree that no inference shall be drawn in favor of or against any Party by virtue of the fact that they or
their respective legal counsel were or were not principally responsible for drafting this Agreement and the Related Agreements.

 

2.            Purchase and
Sale; Assignment and Assumption.

 

(a)           Purchased Assets.
Subject to the terms and conditions of this Agreement and the Related Agreements, at the Closing each Seller, severally and not jointly
shall sell and Transfer and the Purchaser shall purchase and acquire, the Purchased Assets as of the Closing Date free and clear of any
Encumbrances arising by, through or under the applicable the Sellers, except for Permitted Encumbrances.

 

(b)           Assumed Liabilities.
Subject to the terms and conditions of this Agreement and the Related Agreements, at the Closing, each Seller, severally and not jointly,
shall assign to the Purchaser, and the Purchaser shall assume the Assumed Liabilities.

 

    6

     

    

 

(c)           Limitations.

 

(i)
        Privilege. All communications and other documents exchanged between the
Administrative Agent, the Sellers or its or their Affiliates and legal counsel (including, as applicable, internal legal counsel)
providing legal advice to the Administrative Agent, the Sellers and its and their Affiliates, including documents and communications
relating to the this Agreement, the Related Agreements and the Mining Property, and files maintained by legal counsel as a result of
providing legal advice to the Administrative Agent, the Sellers or its or their Affiliates (the “Privileged
Documents”), that are subject to attorney-client privilege, any similar privilege, or that constitute attorney work
product (as applicable, a “Privilege”), specifically are excluded from the Data and shall be and remain the
property of the Administrative Agent, the Sellers and its and their Affiliates, as applicable. Neither the Administrative Agent or
the Sellers nor its and their Affiliates intend to waive any applicable Privilege, and any disclosure of any Privileged Documents,
whether in the Data or otherwise, shall be deemed to be inadvertent. Accordingly, the Purchaser, on its behalf and on behalf of its
Affiliates and its and their respective Representatives acknowledges and agrees that a disclosure of any Privileged Documents will
not constitute a waiver of such Privilege, and the Person receiving any such Privileged Documents promptly shall return to the
Administrative, or with the consent of the Administrative Agent, destroy, such Privileged Documents.

 

(ii)       Data. All Data
provided to, or made available to the Purchaser under this Agreement or prior to the Effective Date, is provided without representation
or warranty and is at the sole risk of the Purchaser. Such information is provided “AS IS, WHERE IS” AND WITH ALL FAULTS,
AND THE ADMINISTRATIVE AGENT, THE SELLERS AND ITS AND THEIR AFFILIATES EXPRESSLY DISCLAIM THE ACCURACY OR COMPLETENESS OF ALL DATA, AND
ALL EXPRESS OR IMPLIED WARRANTIES CONCERNING THE SAME, AND EXPRESSLY EXCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE.

 

(iii)       Permits. The
Purchaser, at its cost and expense, shall have the sole responsibility to, and shall, Transfer the Seller Permits to the Purchaser as
of the Closing Date. In the event the Purchaser desires to amend, modify or revise any Seller Permits, or obtain additional Permits: (A)
such amendments, modifications or revisions, or any action to obtain additional Permits, shall only be made following Closing; and (ii)
the Purchaser shall be solely responsible for such amendments, modifications or revisions, or any action to obtain additional Permits,
and shall be solely liable for and shall pay all related fees and other costs, including the cost of posting any bonds or other financial
assurances related to any such amendments, modifications or revisions, or any action to obtain additional Permits. Any actions by the
Purchaser or any Affiliate of the Purchaser, to which the Seller Permits may be Transferred, to amend, modify or revise any Seller Permits,
or to obtain additional Permits, is subject to the rights of the Seller under the Quitclaim Deed.

 

(iv)      Trade
Name. The Purchaser shall not use the term “Homestake”, “LAC” or any confusingly similar term in any
trademark, trade name, service mark, trade dress, logo, copyright, domain name, or corporate, company or business name; provided
that Purchaser may use the term “Homestake” when referring to the Mining Property or the mining operations conducted on
the Mining Property.

 

    7

     

    

 

(d)          Administrative Agent.
Each of Homestake and LAC Minerals hereby appoints Homestake as its Administrative Agent under this Agreement and the Related Agreements,
to the extent that the Sellers are party thereto, and each of Homestake and LAC Minerals hereby authorizes Homestake to act on behalf
of it as its Administrative Agent in accordance with the terms of this Agreement and the Related Agreements to the extent that it is a
party thereto. Homestake hereby agrees to act as the Administrative Agent of Homestake and LAC Minerals as set forth in this Agreement
and Related Agreements to which the Sellers are party. Buyer hereby acknowledges and agrees that Homestake is acting as the Administrative
Agent of Homestake and LAC Minerals under this Agreement and the Related Agreements to which Homestake and LAC Minerals are party.

 

3.             Consideration.

 

In consideration of the purchase
of the Purchased Assets and the assumption of the Assumed Liabilities, at the Closing the Purchaser shall deliver to the Administrative
Agent, for the benefit of the Sellers, the following (the “Consideration”):

 

(a)           Dakota Shares. 400,000
Dakota Shares (the “Consideration Shares”) to be issued to the Sellers or a direct or indirect Affiliate of the Sellers
identified by the Administrative Agent to the Purchaser in writing not less than two days prior to the anticipated Closing Date (the “Designee”),
which Consideration Shares shall be (i) registered in the name of the Designee in book-entry form by the Purchaser’s transfer agent
and (ii) bear a customary restrictive legend reflecting the issuance of the Consideration Shares in a transaction exempt from registration
under the Securities Act;

 

(b)           NSR. A 1.0% net smelter
returns royalty (the “NSR”) on the production of minerals from the properties set forth in the Royalty Deed, dated
as of the Closing Date; and

 

(c)           Operating Indemnity.
The indemnity included in the Quitclaim Deed, dated as of the Closing Date.

 

4.             Closing.

 

Closing shall take place at
a location mutually agreed by the Parties, and at a date and time mutually agreed by the Parties (the “Closing”), but
in any event not later than thirty (30) days after the Effective Date (the “Closing Date”).

 

(a)           Sellers Closing Deliverables.
At Closing, the Administrative Agent, on behalf of the Sellers, shall deliver or cause to be delivered to the Purchaser the following:

 

(i)         The Quitclaim
Deed for the Mining Property, duly executed by each Seller;

 

 (ii)        The Bill of Sale for the Data, duly executed by each Seller;

 

(iii)       The
Assignment and Assumption for the Assumed Liabilities, duly executed by each Seller;

 

    8

     

    

 

 (iv) The Royalty Deed for the NSR, duly executed by each Seller;

 

(v) A certificate of
each Seller repeating its representations and warranties, except as noted thereon, in the form of Exhibit F;

 

 (vi) A completed form W-9; and

 

(vii) all such
other assurances, consents, agreements, documents and instruments as reasonably may be required by the Purchaser to consummate the
transactions contemplated in this Agreement and the Related Agreements.

 

(b)          Purchaser Closing Deliverables. At Closing,
the Purchaser shall deliver or cause to be delivered to the Administrative Agent, on behalf of the Sellers, the following:

 

(i)       A stock
certificate or a Direct Registration Statement from the Purchaser’s transfer agent, representing the Consideration Shares,
issued in the name of the Designee;

 

 (ii)       The Bill of Sale for the Data, duly executed by the Purchaser;

 

(iii)
      The Assignment and Assumption for the Assumed Liabilities, duly executed by the Purchaser;

 

 (iv)      The Royalty Deed for the NSR, duly executed by the Purchaser;

 

(v)       The
Quitclaim Deed for the Mining Property, duly executed by the Purchaser and JR Resources Corp., a Nevada corporation, and in proper
form for recording;

 

(vi)      Certificates of such
resolutions evidencing the Purchaser’s existence, power and authority to enter into and execute this Agreement and to consummate
the transactions herein contemplated;

 

(vii)     A certificate of the
Purchaser repeating its representations and warranties, except as noted thereon, in the form of Exhibit G;

 

(viii)    all such other assurances,
consents, agreements, documents and instruments as reasonably may be required by the Purchaser or the Purchaser’s title company
to consummate the transactions contemplated in this Agreement and the Related Agreements.

 

(c)          Simultaneous Transactions.
The transactions and all deliveries contemplated in this Agreement shall be deemed to occur simultaneously on the Closing Date, and none
shall be deemed completed until all are completed.

 

(d)           Taxes and Fees. Except
for federal income Tax obligations related to the transactions set forth in this Agreement for which the Seller is responsible, the Purchaser
shall be solely liable for and shall pay all applicable sales, transfer, use, stamp, conveyance, value-added, real property transfer,
recording, and other similar Taxes, if any, together with all recording or filing fees, notarial fees and other similar costs
of Closing, that may be imposed upon, or payable, collectible or incurred in connection with the transactions contemplated in this Agreement.

 

    9

     

    

 

(e)          Recordation. The
Purchaser shall be solely responsible for recording the Quitclaim Deed with the appropriate Governmental Authorities, and shall be solely
liable for and shall pay all related recording fees and other costs, fees and expenses. The Sellers shall be solely responsible for recording
the Royalty Deed with the appropriate Governmental Authorities.

 

(f)           Unpaid Taxes. The
Purchaser shall be responsible for and shall pay to the applicable Governmental Authorities all unpaid Taxes of any nature with respect
to the Mining Property.

 

(g)           Possession. The Purchaser
shall be granted full and exclusive possession of the Mining Property at Closing.

 

5.            Seller’s
Representations and Warranties.

 

Each Seller, severally and
not jointly, represents and warrants to the Purchaser as of the Effective Date and as of the Closing Date as follows:

 

(a)           Organization and Qualification.
It is a corporation or limited liability company, as applicable, incorporated or formed, as applicable, and in good standing under the
Laws of jurisdiction of its incorporation or formation, as applicable, and has the company power to enter into and perform its obligations
under this Agreement and the Related Agreements to which such Seller is a party.

 

(b)           Corporate Authority.
The execution and delivery of and performance by it of this Agreement and the Related Agreements to which it is a party, the Transfer
of the Purchased Assets by it to the Purchaser, and the assignment of the Assumed Liabilities from it to the Purchaser have been authorized
by all necessary company action on its part.

 

(c)            No Violation or Breach.
The execution and delivery of and performance by it of this Agreement and the Related Agreements to which it is a party:

 

 (i)         does not conflict with its Organizational Documents;

 

 (ii)        does not violate in any material respect any Law applicable to it or the Purchased Assets; and

 

(iii)       to the Knowledge of
Seller, does not (or would not with the giving of notice or the lapse of time) result in a material breach or material violation of or
a conflict in any material way with, or allow any other Person to exercise any rights under any contracts or instruments directly related
to the Purchased Assets to which it is a party.

 

(d)           Execution
and Binding Obligation. This Agreement and each of the Related Agreements to which it is a party has been duly executed and
delivered by it and constitutes a legal, valid and binding agreement of it enforceable against such Seller in accordance with its
terms, subject only to any limitation under applicable Laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and
other Laws of general application affecting the enforcement of creditors’ rights, and (ii) the discretion that a court may
exercise in the granting of equitable remedies.

 

    10

     

    

 

(e)           Filings, Consents and
Approvals. To the Knowledge of Seller, it is not required to obtain any consent, waiver, authorization or order of, give any notice
to, or make any filing or registration with, any court or other Governmental Authority or other Person in connection with the execution,
delivery and performance by it of this Agreement or any of the Related Agreements to which it is a party, other than (i) filings required
by state or federal securities laws (including the Securities Act and the Securities Exchange Act), if applicable, (ii) those that have
been made or obtained prior to the date of this Agreement, (iii) the recording of the Memorandum of Option and the Quitclaim Deed; and
(iv) approvals for the Transfer of any Permits.

 

(f)           Title to the Purchased
Assets. It (i) owns its Purchased Assets free and clear of any Encumbrances arising by, through or under it, except for Permitted
Encumbrances; and (ii) except for Permitted Encumbrances, to the Knowledge of Seller, there are no outstanding options, rights of first
offer or first negotiation or rights of first refusal in favor of any other party to acquire an interest in its Mining Property, and it
has not granted any currently exercisable option or other right to acquire an interest in the other Purchased Assets it owns or to which
it has rights; provided that it has not reviewed the Data and makes no representation or warranty as to the accuracy or completeness
of any of the Data or that the Data delivered to the Purchaser constitutes all of the documents related to its Mining Property; and (iii)
has not received written notice of any, and to the Knowledge of Seller, there are no pending or threatened condemnation proceedings or
proposed actions or agreements for taking in lieu of condemnation with respect to any portion of its Mining Property.

 

(g)           No Action. It has
not received written notice of any, and to the Knowledge of Seller, there are no Proceedings which would prevent the consummation of the
transactions contemplated by this Agreement or the Related Agreements to which it is a party, nor is there any Proceeding or Claim related
to its Mining Property, including, without limitation, the title or environmental status of its Mining Property.

 

(h)          OFAC. It is not listed
on the list maintained by OFAC (commonly known as the OFAC List) or otherwise qualify as a terrorist, specially designated national and
blocked person or a person with whom business by a United States citizen or resident is prohibited. It is not in violation of any anti-money
laundering or anti-terrorism statute, including the PATRIOT Act, and the related regulations issued thereunder, including temporary regulations,
and Executive Orders (including Executive Order 13224) issued in connection therewith, all as amended from time to time. Neither it nor
any of its Affiliates or, to its knowledge, any of its directors, officers, employees, agents or representatives, is a Person currently
the subject of any Sanctions. It has not knowingly engaged in, and is not now knowingly engaged in, any dealings or transactions with
any Person, or in any country or territory, that is the subject of Sanctions.

 

(i)           Consideration
Shares. It, on its behalf and on behalf of its Designee, if any, represents and warrants that it is an institutional
 “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and it is acquiring
the Consideration Shares for its own account and not with a view to the distribution thereof. Seller, on its behalf and on behalf of
its Designee, if any, understands that the Consideration Shares have not been and will not be registered under the Securities Act,
will bear a restrictive legend, and may be resold only if registered pursuant to the provisions of the Securities Act or if an
exemption from registration is available. It, on its behalf and on behalf of its Designee, if any, further represents and warrants
that it will not Transfer any Consideration Shares or any interest therein except in a transaction exempt from or not subject to the
registration requirements of the Securities Act. It, on its behalf and on behalf of its Designee, if any, represents that (i) it has
such knowledge, sophistication and experience in business and financial matters that it is capable of evaluating the merits and
risks of the acquisition of the Consideration Shares and (ii) it has been granted the opportunity to ask questions of, and receive
satisfactory answers from, representatives of Purchaser concerning the business affairs and financial condition of the Purchaser and
its Affiliates, and has had the opportunity to obtain and has obtained any additional information which it deems necessary regarding
such purchase, and that the Purchaser is not required to register the Consideration Shares.

 

    11

     

    

 

(j)            Disclaimer.
Except as specifically set forth in this Section 5:

 

(i)         Except as expressly set
forth herein, it makes no representations or warranties of any kind or nature, express or implied, at Law or in equity, and there are
no implied conditions in respect of it, or any of its assets, liabilities or operations, or with respect to the Purchased Assets or the
Assumed Liabilities, including without limitation, any warranties express or implied with respect to the sufficiency, merchantability
or fitness for any particular purpose of any of the Purchased Assets or the Assumed Liabilities, or compliance with applicable Laws, including
Environmental Laws, and all such representations, warranties or conditions hereby are expressly disclaimed.

 

(ii)       The Purchaser hereby
acknowledges and agrees that the Purchaser is purchasing the Purchased Assets and the Assumed Liabilities on an “as-is, where-is”
basis, with all faults.

 

(iii)     WITHOUT LIMITING THE
FOREGOING, IT MAKES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER CONCERNING THE EXISTENCE OR STATUS OF ANY MINES OR WORKINGS WITHIN THE
AREA COVERED BY ITS MINING PROPERTY, INCLUDING THE EXISTENCE AND STATUS OF ANY ABANDONED MINES OR WORKINGS, THE STATUS OF ANY ROYALTIES
OR THE EXISTENCE OR STATUS OF ANY UNRECORDED RIGHTS TO ANY ROYALTIES, THE EXISTENCE, NATURE, LOCATION, AMOUNT OR VALUE OF ANY MINERALIZATION,
MINERAL RESERVES OR RESOURCES, THE ABILITY TO EXTRACT, PROCESS, OR SELL MINERALS BY ANY MEANS, WHETHER ANY NECESSARY PERMITS CAN BE OBTAINED
IN A TIMELY MANNER OR AT ALL, WHETHER ANY MINING CAN BE DONE ECONOMICALLY OR AT ALL, OR THAT THERE WILL BE NO THIRD PARTY CHALLENGE TO
THE ISSUANCE OF ANY REQUIRED PERMIT OR ENVIRONMENTAL IMPACT STATEMENT REQUIRED FOR OPERATIONS WITH RESPECT TO THE MINING PROPERTIES, OR
THAT THERE ARE NO RIGHTS (INCLUDING ROYALTIES, ACCESS RIGHTS, INFORMATION RIGHTS, RECONVEYANCE RIGHTS, REVERSIONARY RIGHTS OR OTHER RIGHTS
OF PREDECESSORS IN INTEREST) RFELATED TO ITS MINING PROPERTY.

 

    12

     

    

 

6.             Purchaser’s
Representations and Warranties.

 

The Purchaser represents and
warrants to the Administrative Agent and each Seller as of the Effective Date and as of the Closing Date as follows:

 

(a)           Incorporation and Qualification.
The Purchaser is a corporation incorporated and in good standing under the Laws of the State of Nevada and has the corporate power to
enter into and perform its obligations under this Agreement and the Related Agreements to which the Purchaser is a party;

 

(b)           Corporate Authority.
The execution and delivery of and performance by the Purchaser of this Agreement and each of the Related Agreements to which the Purchaser
is a party, the transfer of the Purchased Assets from the Seller to the Purchaser, and the assumption of the Assumed Liabilities by the
Purchaser, have been authorized by all necessary corporate action on the part of the Purchaser;

 

(c)          No Violation or Breach.
The execution and delivery of and performance by the Purchaser of this Agreement and the Related Agreements to which it is a party:

 

(i)        does
not conflict with the Organizational Documents of the Purchaser;

 

(ii)       does
not violate in any material respect any Law applicable to the Purchaser; and

 

(iii)      does not (or would not
with the giving of notice or the lapse of time) result in a material breach or material violation of or a conflict in any material way
with, or allow any other person or entity to exercise any rights under any contracts or instruments to which the Purchaser is a party.

 

(d)           Execution and Binding
Obligation. This Agreement and each of the Related Agreements to which the Purchaser is a party has been duly executed and delivered
by the Purchaser and constitutes a legal, valid and binding agreement of the Purchaser enforceable against it in accordance with its terms
subject only to any limitation under applicable Laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and other Laws of
general application affecting the enforcement of creditors’ rights, and (ii) the discretion that a court may exercise in the granting
of equitable remedies.

 

(e)           Capitalization.

 

(i) The authorized capital
of the Purchaser consists of 75,000,000 shares of common stock and 10,000,000 shares of preferred stock, of which [●] Dakota Shares,
no shares of preferred stock, and derivative securities to purchase up to [●] shares of common stock are issued and outstanding
as of [●], 20[__]; and

 

(ii) On a fully diluted basis,
the Purchaser has a sufficient number of authorized Dakota Shares to issue the Consideration Shares without exceeding the number of shares
authorized under Purchaser’s articles of incorporation.

 

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(f)            Filings, Consents
and Approvals.

 

(i) The Purchaser is not required
to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other
Governmental Authority or other person or entity in connection with the execution, delivery and performance by the Purchaser of this Agreement
or any of the Related Agreements to which it is a party, other than (A) filings required by applicable securities Laws (including the
Securities Act and the Securities Exchange Act), and (B) those that have been made or obtained prior to the date of this Agreement; and

 

(ii) During the last 12 months,
the Purchaser has filed in a timely manner all disclosures, reports and other filings required to be filed by it under applicable securities
Laws, including the Securities Act and the Securities and Exchange Act (the “Securities Filings”) in all jurisdictions
in which such Securities Filings are required to be filed and with all securities exchanges where the Purchaser’s securities are
traded, and all such Securities Filings are true and accurate in all material respects.

 

(g)           Financial Capability.

 

(i) From the Effective Date,
and thereafter through the Closing, the Purchaser shall maintain sufficient financial resources and capabilities to pay the Consideration;
and

 

(ii) Payment of the Consideration
will not leave the Purchaser insolvent, thinly capitalized (as determined by generally acceptable accounting principles applied on a consistent
basis), or unable to meet its commitments, financial or otherwise, as they become due.

 

(h)           Issuance of the Consideration
Shares. The issuance of the Consideration Shares has been duly authorized and, when issued, the Consideration Shares will be duly
and validly issued, fully paid and nonassessable, free and clear of all Encumbrances.

 

(i)            The Purchaser is not listed
on the list maintained by OFAC (commonly known as the OFAC List) or otherwise qualify as a terrorist, specially designated national and
blocked person or a person with whom business by a United States citizen or resident is prohibited. The Purchaser is not in violation
of any anti-money laundering or anti-terrorism statute, including the PATRIOT Act, and the related regulations issued thereunder, including
temporary regulations, and Executive Orders (including Executive Order 13224) issued in connection therewith, all as amended from time
to time. Neither the Purchaser nor any of its Affiliates or, to its knowledge, any director, officer, employee, agent or representative
of the Seller, is a Person currently the subject of any Sanctions. The Purchaser has not knowingly engaged in, and is not now knowingly
engaged in, any dealings or transactions with any Person, or in any country or territory, that is the subject of Sanctions.

 

(j)            Independent
Review.

 

(i)        The Purchaser and
its Affiliates, and its and their respective Representatives, have had sufficient access to and opportunity to review the Purchased
Assets and the Assumed Liabilities and to ask questions of the management representatives and professional advisors of the Seller,
as necessary for the Purchaser to investigate, analyze, and evaluate the Purchased Assets and the Assumed Liabilities and to make
its and their independent decision to acquire the acquire the Purchased Assets and assume the Assumed Liabilities and to consummate
the transactions contemplated by this Agreement and the Related Agreements to which the Purchaser is a party.

 

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(ii)       In making the decision
to enter into this Agreement and the Related Agreements to which the Purchaser is a party, and to consummate the transactions contemplated
herein and therein, the Purchaser has conducted its own independent investigation, analysis, and evaluation of the Purchased Assets and
the Assumed Liabilities (including the Purchaser’s own estimate and appraisal of the extent, location and value of mineralization,
mineral resources and reserves, undeveloped properties, and environmental obligations), and the financial condition of, operations, and
prospects for, the Mining Property.

 

7.             Data.

 

Without any obligation to
investigate or review, to the extent that the Administrative Agent locates or receives any documents and/or information that constitute
Data after the Closing Date, it will deliver those documents and/or information to the Purchaser as soon as reasonably practicable.

 

8.             Indemnity.

 

(a)          Purchaser Indemnification.
Subject to the Quitclaim Deed, the Purchaser shall indemnify, defend and hold harmless the Administrative Agent, each Seller and its and
their respective Affiliates and its and their respective Representatives (collectively, the “Seller Indemnitees") against,
and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained
by, or imposed upon, the Seller Indemnitees based upon, arising out of, with respect to or by reason of:

 

(i)        any material inaccuracy
in or material breach of any of the representations or warranties of the Purchaser contained in this Agreement as of the Closing Date
(except for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined
with reference to such specified date); provided that the materiality requirement in this Section 8(a)(i) shall not apply
to representations or warranties that, in accordance with their provisions, are subject to a materiality standard; or

 

(ii)        any material breach or
non-fulfillment of any covenant, agreement or obligation to be performed by the Purchaser pursuant to this Agreement.

 

(b)          Limitations to Purchaser
Indemnification. Subject to the Quitclaim Deed, the aggregate liability of the Purchaser to the Seller Indemnitees for indemnification
pursuant to Section 8(a) in no event shall exceed the value of the Consideration Shares as determined as of the Closing Date.

 

    15

     

    

 

(c)          Seller
Indemnification. Each Seller, severally and not jointly, shall indemnify, defend and hold harmless the Purchaser and its Affiliates
and its and their respective Representatives (collectively, the “Purchaser Indemnitees”) against, and shall hold each
of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed
upon, the Purchaser Indemnitees based upon, arising out of, with respect to or by reason of:

 

(i)        any material inaccuracy
in or material breach of any of the representations or warranties of a Seller contained in this Agreement as of the Closing Date (except
for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined
with reference to such specified date); provided that the materiality requirement in this Section 8(c)(i) shall not apply
to representations or warranties that, in accordance with their provisions, are subject to a materiality standard; or

 

(ii)       any material breach or
non-fulfillment of any covenant, agreement or obligation to be performed by a Seller pursuant to this Agreement.

 

(d)           Limitations to Seller
Indemnification. The indemnification provided by a Seller to the Purchaser Indemnitees pursuant to Section 8(c) shall be subject
to the following limits, as determined for the Sellers in the aggregate:

 

(i)         the amount finally agreed
or adjudicated of any such individual Loss of a Purchaser Indemnitee subject to indemnification by the Sellers under this Agreement must
exceed $10,000 (the “De Minimis Amount”);

 

(ii)       the aggregate amount
of Losses of the Purchaser Indemnitees subject to indemnification by the Sellers under this Agreement must exceed $70,000 (the “Deductible”),
provided that (A) any individual amount used to calculate the Deductible shall be no less than the De Minimis Amount, and (B) once the
Deductible has been exceeded, the Purchaser shall only be entitled to require payment on such indemnities on the portion of Losses that
exceeds the Deductible;

 

(iii)      any Claims of the Purchaser
Indemnitees arising out of similar facts, matters or circumstances will not be treated as separate Claims; and

 

(iv)      notwithstanding any provision
in this Agreement to the contrary, but subject to the Quitclaim Deed the aggregate amount of all Claims of the Purchaser Indemnitees subject
to indemnification by the Sellers under this Agreement shall not exceed 10% of the total value of the Consideration Shares as of the Closing.

 

(e)           Damages Limitations.
In no event shall the Purchaser be liable to any Seller Indemnitee, and in no event shall the Sellers be liable to any Purchaser Indemnitee,
as applicable, for any punitive, incidental, consequential, special or indirect damages, including loss of future revenue or income, loss
of business reputation or opportunity relating to the breach or alleged breach of this Agreement, or diminution of value or any damages
based on any type.

 

(f)            Survival.
Subject to the provisions in the Quitclaim Deed governing the survival period of the indemnification obligations therein, the
indemnification obligations of the Purchaser to the Seller Indemnitees, and the indemnification obligations of the Sellers to the
Purchaser Indemnitees, as applicable, under this Section 8 shall terminate in all respects two hundred and seventy (270)
calendar days following the earlier of the termination this Agreement and the Closing Date, after which such indemnification
obligation automatically shall cease. For purposes of clarity, the survival period for the indemnification obligations in the
Quitclaim Deed shall be governed by the Quitclaim Deed.

 

    16

     

    

 

 

(g)           Procedure. Promptly
after receipt by a Party entitled to indemnification hereunder (the “Indemnitee”) of written notice of the assertion
or the commencement of any Claim subject to indemnification under this Section 8, the Indemnitee shall give written notice thereof
to the Purchaser the Sellers, as applicable (the “Indemnitor”), and thereafter shall keep the Indemnitor reasonably
informed with respect thereto; provided, however, that failure of the Indemnitee to give the Indemnitor notice as provided
in this Section shall not relieve the Indemnitor of its obligations hereunder except to the extent that the Indemnitor is prejudiced
thereby. If any third person commences any Proceeding against any Indemnitee, the Indemnitor shall be entitled to participate in such
Proceeding and, at its option, assume the defense thereof with counsel reasonably satisfactory to the Indemnitee, at the Indemnitor’s
sole expense; provided, however, that the Indemnitor shall not have the right to assume the defense of any Proceeding if (i) the Indemnitee
shall have one or more legal or equitable defenses available to it which are different from or in addition to those available to the
Indemnitor, and, in the reasonable opinion of the Indemnitee, counsel for the Indemnitor could not adequately represent the interests
of the Indemnitee because such interests could be in conflict with those of the Indemnitor, (ii) such Proceeding is reasonably likely
to have a material adverse effect on any other matter beyond the scope or limits of the indemnification obligation of the Indemnitor,
or (iii) the Indemnitor shall not have assumed the defense of the Proceeding in a timely fashion (but in any event within 30 days of
written notice of such Proceeding). If the Indemnitor shall assume the defense of any Claim, the Indemnitee shall be entitled to participate
in any Proceeding at its expense, and the Indemnitor shall not settle such Proceeding unless the settlement shall include as an unconditional
term thereof the giving by the claimant or the plaintiff of a full and unconditional release of the Indemnitee from all liability with
respect to the matters that are subject to such Proceeding and to which Indemnitee is entitled to indemnification hereunder, or otherwise
shall have been approved reasonably by the Indemnitee. For purposes of this Section 8(g), all notices to be sent to a Seller shall
be sent to the Administrative Agent.

 

(h)           Sole Remedy. Subject
to the Quitclaim Deed, the rights to indemnification provided for in this Section 8 shall be the sole and exclusive remedy of
the Purchaser Indemnitees and the Seller Indemnitees, as the case may be, for any Claims or Losses of any nature under this Agreement.

 

9.             Conditions
of Closing.

 

(a)            Conditions for the Benefit
of the Purchaser. The transactions contemplated in this Agreement and the Related Agreements are subject to the following conditions
to be fulfilled or performed, on or before the Closing Date, which conditions are for the exclusive benefit of the Purchaser and may be
waived, in whole or in part, by the Purchaser in its sole discretion:

 

(i)        The
covenants, representations and warranties of a Seller contained in this Agreement shall be true and correct in all material respects
as of the Closing Date with the same force and effect as if such covenants, representations and warranties had been made on and as
of such date; provided that the materiality requirement in this Section 8(a)(i) shall not apply to covenants,
representations and warranties that, in accordance with their provisions, are subject to a materiality standard; and

 

    17

     

    

 

(ii)       All other consents, approvals
and waivers required by a Seller to Transfer the Purchased Assets to the Purchaser shall have been obtained on terms acceptable to the
Purchaser, acting reasonably.

 

(b)           Conditions for the Benefit
of the Sellers. The purchase and sale of the Purchased Assets is subject to the following conditions to be fulfilled or performed,
on or before the Closing Date, which conditions are for the exclusive benefit of the Sellers and may be waived, in whole or in part, by
the Sellers, acting through the Administrative Agent, in their sole discretion:

 

(i)       The covenants, representations
and warranties of the Purchaser contained in this Agreement shall be true and correct in all material respects as of the Closing Date
with the same force and effect as if such covenants, representations and warranties had been made on and as of such date; provided
that the materiality requirement in this Section 9(b)(i) shall not apply to covenants, representations and warranties that, in
accordance with their provisions, are subject to a materiality standard;

 

(ii)      The Purchaser shall deliver
to the Administrative Agent a copy of the resolution of the directors of the Purchaser approving the transactions contemplated in this
Agreement and the Related Agreements; and

 

(iii)     All consents, approvals
and waivers required by the Purchaser to acquire the Purchased Assets and assume the Assumed Liabilities shall have been obtained on terms
acceptable to the Administrative Agent, acting reasonably.

 

10.           Casualty;
Condemnation.

 

Each Seller shall bear the
risk of any loss or damage to its Mining Property resulting from condemnation, fire or other casualty at all times prior to Closing. In
the event of any such loss or damage, there will be no adjustment in the Consideration on account of such loss or damage but all insurance
proceeds and condemnation awards payable as a result of the occurrence of the event resulting in such loss or damage shall be delivered
by the applicable Seller to Purchaser, or the rights to such proceeds shall be assigned by the applicable Seller to the Purchaser if not
yet paid over to the Seller, in each case contingent upon the occurrence of Closing.

 

11.           The
Purchaser’s Remedies for a Seller’s Default.

 

In the event that any
Party (as applicable, the “Defaulting Party”) shall default in performance of its obligations under this
Agreement, or if the Defaulting Party’s representations and warranties contained in this Agreement shall fail to be true in
any material and adverse respect when made, or as of the Closing, which default continues for ten (10) Business Days following
written notice thereof from the other Party (as applicable, the “Non-Defaulting Party”) then, at the
Non-Defaulting Party’s option, the Non-Defaulting Party shall have the right to elect any of the following remedies hereunder:
(a) the Non-Defaulting Party may terminate this Agreement and thereafter, except as otherwise specifically set forth in this
Agreement (including in Section 8), neither the Non-Defaulting Party nor the Defaulting Party shall have any further
obligations under this Agreement; (b) the Non-Defaulting Party may seek all remedies at equity, including, without limitation,
specific performance of this Agreement; or (c) the Non-Defaulting Party may seek applicable rights to indemnification from the
Defaulting Party in accordance with Section 8.

 

    18

     

    

 

12.           Termination.

 

This Agreement may, by notice
in writing given at or prior to the Closing Date, be terminated by mutual consent of the Sellers and the Purchaser.

 

13.           Brokers.

 

Each Party represents and
warrants to the other that that it has not had, and shall not have, any dealings with (and it has not engaged and will not engage) any
third party to whom the payment of any broker’s fee, finder’s fee, commission or other similar compensation shall or may become
due or payable in connection with the transactions contemplated hereby. It is agreed that if any claims for brokerage commissions or fees
are ever made against the Seller or the Purchaser, all such claims shall be handled and paid by the party whose actions or alleged commitments
form the basis of such claim. Each Party shall indemnify, defend and hold the other Party harmless from any and all claims for commissions
or fees by brokers made against another Party, and resulting loss, cost (including reasonable attorneys’ fees) and damages, which
claim shall have arisen out of any written document or alleged oral agreement entered or purported to have been entered into by the indemnifying
Party and the Person claiming such commission, with respect to the transaction contemplated by this Agreement.

 

14.           Maintenance
of Property; Title.

 

(a)           Maintenance of the Property.
Each Seller shall make all payments of Taxes, royalties, land-holding costs, claim maintenance and similar fees, lease payments and other
payments that are due as of the Effective Date or become due from and after the Effective Date until the Closing Date and that are required
for such Seller to maintain the interest in its Mining Property, except to the extent such payments are being contested pursuant to a
good faith dispute.

 

(b)           No Encumbrances.
From and after the Effective Date until the Closing Date, each Seller shall not create or allow any Encumbrances arising by, through or
under such Seller on its Mining Property, except for Permitted Encumbrances.

 

15.           Enurement.

 

This Agreement becomes effective
on the Effective Date. After the Effective Date, this Agreement will be binding upon and enure to the benefit of the Parties and their
respective successors, legal representatives and permitted assigns. Except as otherwise set forth in this Agreement or the Related Agreements,
neither this Agreement nor the Related Agreements nor any of the rights or obligations under this Agreement or the Related Agreements,
including any right to payment, may be assigned or transferred, in whole or in part, by either Party without the prior written consent
of the other Party.

 

    19

     

    

 

16.           Entire
Agreement.

 

This Agreement, together with
the Related Agreements, constitutes the entire agreement between the Parties with respect to the transactions contemplated in this Agreement
and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties with respect
to such transactions. Except as specifically set forth in this Agreement, the Parties have not relied and are not relying on any other
information, discussion or understanding in entering into and completing the transactions contemplated by this Agreement.

 

17.           Waiver.

 

No waiver of any of the provisions
of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed
in writing by the

 

Party to be bound by the waiver. A Party’s failure or delay in
exercising any right under this

 

Agreement will not operate as a waiver of that
right. A single or partial exercise of any right will not preclude a Party from any other or further exercise of that right or the exercise
of any other right it may have.

 

18.           Further
Assurances.

 

Each of the Parties covenants
and agrees to take reasonable commercial efforts to do such things and to execute such further conveyances, transfers, documents and assurances
as may be deemed necessary or advisable from time to time in order to effectively transfer the Purchased Assets to the Purchaser and carry
out the terms and conditions of this Agreement in accordance with their true intent.

 

19.           Severability.

 

If any provision of this Agreement
is determined to be illegal, invalid or unenforceable, by an arbitrator or any court of competent jurisdiction from which no appeal exists
or is taken, that provision will be severed from this Agreement and the remaining provisions will remain in full force and effect.

 

20.           Governing
Law; Jurisdiction.

 

(a)           This Agreement is governed
by, and will be interpreted and construed in accordance with, the Laws of the State of Utah without reference to Utah principles of conflicts
of Law; provided that the Quitclaim Deed and the Royalty Deed shall be governed by the laws of the State of South Dakota without
reference to South Dakota principles of conflicts of Law.

 

(b)           For all purposes of this
Agreement, and for all purposes of any Claim arising out of or relating to the transactions contemplated hereby or for recognition or
enforcement of any judgment, the Parties hereby submit to the exclusive jurisdiction of the United States District Court in the State
of Utah located in Salt Lake City, Utah, or if that court does not have or will not accept jurisdiction, then the competent state courts
of the State of Utah located in Salt Lake City, Utah, and hereby irrevocably and unconditionally agree that all matters with respect
to any such Claim may be heard and determined in such court. The Parties agree that a final judgment in any such Claim shall be conclusive
and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by Law. Each of the Parties hereby
irrevocably and unconditionally waives, to the fullest extent they may legally and effectively do so, and further agrees not to assert
as a defense in any such Proceeding, any Proceeding that such Party is not personally subject to the jurisdiction of such court, that
the venue of the Proceeding is brought in an inconvenient forum or that this Agreement or the subject matter hereof may not be enforced
in or by such court.

 

    20

     

    

 

(c)           Each Party hereby irrevocably
waives all rights to a jury trial in any Proceeding of any kind directly or indirectly arising out of or in any way relating this this
Agreement. This jury trial waiver is intended to apply, to the fullest extent permitted by Law, to any and all disputes and controversies
that arise out of or in any way relate to any or all of the matters described in the preceding sentence, including without limitation
contract Claims, tort Claims, and all other common Law and statutory Claims of any kind or character. This Agreement may be filed in any
court of competent jurisdiction as a Party’s written consent to such Party’s waiver of a jury trial.

 

21.           Counterparts.

 

This Agreement may be executed
in any number of counterparts, each of which is deemed to be an original, and such counterparts together constitute one and the same instrument.
Transmission of an executed signature page by facsimile, email or other electronic means is as effective as a manually executed counterpart
of this Agreement.

 

22.           Disclosure.

 

The Purchaser and the Sellers
each acknowledge and agree that the other may be required to disclose the terms of this Agreement, as well as a copy of this Agreement,
in order to comply with federal securities Laws and hereby consent to such filing(s) as may be required by federal securities Laws.

 

[REMAINDER OF PAGE LEFT BLANK]

 

    21

     

    

 

The Parties have executed this Agreement as of the Effective
Date.

 

	 	SELLERS:
	 	 
	 	HOMESTAKE
    MINING COMPANY OF CALIFORNIA
	 	 
	 	By: 	                              
	 	Name: 
	 	Title:
	 	 
	 	LAC
    MINERALS (USA) LLC
	 	 
	 	By: 	 
	 	Name: 
	 	Title:
	 	  
	 	PURCHASER:
	 	 
	 	DAKOTA
    TERRITORY RESOURCE CORP.
	 	 
	 	By: 	 
	 	Name: 
	 	Title:

 

 

     

     

    

 

EXHIBIT A

MINING PROPERTY

 

LEGAL DESCRIPTION

 

Properties, Property Agreements and Royalties

 

(All Properties are located within T5N, R2E, 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

 

    A-1

     

    

 

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

 

    A-2

     

    

 

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

 

    A-3

     

    

 

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

 

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

 

1.             The Peterson Lease.

 

Material Contracts

 

		1.	Restated Joint Venture Agreement dated December 2, 1988 between Viable Resources, Inc. and 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).

 

		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).

 

 

 

		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.

 

    A-4

     

    

 

		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.

 

		6.	Pursuant to the Exploration Lease and Purchase Option Agreement dated June 18, 2019 (the “Exploration and
Option Agreement”), among Wharf Resources (U.S.A.) Inc. (“Coeur”), Coeur Mining Inc., Homestake and LAC
Minerals, which Exploration and Option Agreement terminated on September 17, 2021, Coeur has certain access rights to the Mining
Property in order to perform Coeur Reclamation Obligations, including Post-Termination Reclamation Obligations (each as defined in
the Exploration and Option Agreement).

 

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]

 

    A-5

     

    

 

 

EXHIBIT B

ASSIGNMENT AND ASSUMPTION

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

This Assignment and Assumption Agreement (Real Property
Leases, Agreements, Rights of Way and Easements) (Lawrence County) (this “Assignment”), effective as of [____],
20[__] (“Effective Date”), is from [Homestake Mining Company of California, a California corporation][LAC
Minerals (USA) LLC, a Delaware limited liability company] (“Assignor”) whose address is 310 S. Main Street, Suite
1150, Salt Lake City, Utah 84101, to Dakota Territory Resource Corp., a Nevada corporation whose address is 106 Glendale Drive,
Suite A, Lead, South Dakota 57754 (“Assignee”).

 

Recitals

 

1.           
Assignor and Assignee are parties to that certain Asset Purchase Agreement dated [___] (the “Agreement”).

 

2.          Pursuant to the Agreement, Assignor agreed, among other
things, to assign to Assignee all of Assignor’s right, title and interest in, to and under certain assets described in the
Agreement (collectively, the “Assigned Assets”), which form part of the Purchased Assets.

 

3.           
Pursuant to the Agreement, the parties to the Agreement agreed, among other things, to cause Assignee to assume all Assumed Liabilities
in, under or related to the Assigned Assets.

 

4.          Assignor and Assignee execute this Assignment with respect to the Assigned Assets in order to fulfill, in part, their obligations under
the Agreement.

 

Assignment and Assumption

 

For good and valuable consideration,
the receipt and sufficiency of which are acknowledged by the parties, and subject to the terms and conditions set forth in the Agreement,
Assignor sells, assigns and transfers to Assignee, its successors and assigns forever, all of Assignor’s right, title and interest
in, to and under the Assigned Assets, free and clear of all encumbrances other than Permitted Encumbrances, to have and to hold forever.

 

As of the Effective Date,
Assignees accept the assignment, and assume and agree to perform and satisfy all Assumed Liabilities in, under or related to the Assigned
Assets.

 

Notwithstanding the
foregoing, to the extent that the sale, assignment and transfer of any Assigned Asset pursuant to this Assignment requires prior
consent or approval of any person or governmental authority, and such consent or approval has not been obtained prior to or on the
Effective Date, then the sale, assignment and transfer of any such Assigned Asset pursuant to this Assignment shall not be effective
until such consent or approval shall have been obtained. Upon obtaining such consent or approval, the sale, assignment and transfer
of any such Assigned Asset pursuant to this Assignment shall become effective automatically without any further action on the part
of the parties hereto. To the greatest extent permitted by law, all Assumed Liabilities in, under or related to any such asset shall
be, and shall for all purposes be deemed to be, assumed by Assignee as of the Effective Date and Assignee shall thereafter be fully
responsible and liable therefor.

 

     

     

    

 

This Assignment incorporates
by reference the representations and warranties, and associated limitations and disclaimers, made in the Agreement with respect to the
Assigned Asset. This Assignment and the covenants contained herein shall extend to and be binding upon and every benefit hereof shall
inure to the parties hereto, their respective successors and assigns.

 

This Assignment, being further
documentation of the transactions contemplated by the Agreement, is subject in all respects to the terms and conditions of the Agreement.
In the event of a conflict between any provision of this Assignment and any provision of the Agreement, the provisions of the Agreement
shall control. Capitalized terms used but not defined in this Assignment shall have the meanings ascribed to them in the Agreement.

 

This Assignment shall be governed by the laws of the South
Dakota.

 

This Assignment may be executed
in counterparts, each of which when so executed will be deemed to be an original and when taken together shall constitute the entire and
same agreement.

 

[Signature Page Follows]

 

    B-2 

     

    

 

Executed by Assignor and Assignees to be effective as of the Effective
Date.

 

 

Assignor:

 

[Homestake Mining Company of California, a California
corporation][LAC Minerals (USA) LLC, a Delaware limited liability company]

 

	 	By:	 

	 	Name:	 

	 	Title:	 

 

 

Assignee:

 

Dakota Territory Resource Corp., a Nevada corporation

 

	 	By:	 

	 	Name:	 

	 	Title:	 

 

 

 

 

    B-3 

     

    

 

EXHIBIT C

BILL OF SALE

 

BILL OF SALE

 

This Bill of Sale (the “Bill
of Sale”), executed to be effective as of [___] (the “Effective Date”), is made by [Homestake Mining Company
of California, a California corporation][LAC Minerals (USA) LLC, a Delaware limited liability company], the address of which is 310 S.
Main Street, Suite 1150, Salt Lake City, Utah 84101 (“Seller”), in favor of Dakota Territory Resource Corp, a Nevada
corporation, the address of which is 106 Glendale Drive, Suite A, Lead South Dakota 57754 (“Purchaser”).

 

Recitals

 

1.           
Seller and Purchaser, are parties to that certain Asset Purchase Agreement dated [____] (the “Agreement”). Capitalized
terms used and not otherwise defined in this Bill of Sale shall have the meanings ascribed to them in the Agreement.

 

2.           
Pursuant to the Agreement, Seller agreed, among other things, to sell and transfer to Purchaser all of Seller’s right, title and
interest in, to and under the Data that form a part of the Purchased Assets (the “Sale Assets”).

 

3.           
Seller executes this Bill of Sale with respect to the Sale Assets in order to fulfill, in part, its obligations under the Agreement.

 

Sale

 

For good and valuable consideration,
the receipt and sufficiency of which are acknowledged, subject to the terms and conditions set forth in the Agreement, Seller hereby sells,
assigns and transfers to Purchaser all of Seller’s right, title and interest in and to the Sale Assets, free and clear of encumbrances
arising by, through or under Seller.

 

This Bill of Sale incorporates
by reference the representations and warranties, and associated limitations and disclaimers, made in the Agreement with respect to the
Sale Assets and no others. This Bill of Sale, being further documentation of the transactions contemplated by the Agreement, is subject
in all respects to the terms and conditions of the Agreement. In the event of a conflict between any provision of this Bill of Sale and
any provision of the Agreement, the provisions of the Agreement shall control.

 

This Bill of Sale and the
covenants contained herein shall extend to and be binding upon and every benefit hereof shall inure to the parties hereto, their respective
successors and assigns. This Bill of Sale may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall be deemed to be one and the same agreement. This Bill of Sale may be executed by facsimile, e-mail, .pdf or similar means,
which shall be deemed to have the same legal effect as delivery of an original signed copy of this Bill of Sale for all purposes.

 

This Bill of Sale is governed by the laws of South Dakota.

 

    C-1 

     

    

 

 

Executed by Assignor to be effective as of the date first written above.

 

Seller:

	[Homestake Mining Company of California,a California corporation][LAC Minerals (USA) LLC, a Delaware limited liability company]	 

 

	By:	 	 

	Name:	 	 

	Title:	 	 

 

Acknowledged and accepted:

Purchaser:

Dakota Territory Resource Corp., a Nevada corporation

 

	By:	 	 

	Name:	 	 

	Title:	 	 

 

    C-2 

     

    

 

EXHIBIT D

QUITCLAIM DEED

 

 

(See Attached)

  

    D-1 

     

    

 

Prepared by:

 

Parsons Behle & Latimer

201 South Main Street

Salt Lake
City, Utah

84111

(801) 532-1234

 

Grantee Address:

Dakota Territory Resource Corp

106 Glendale Drive, Suite A

Lead, SD 57754

 

 

Pursuant to South Dakota Codified Laws 43-28-24
thru 43-28-28 inclusive: this Deed does not contain any individual’s personally identifiable information.

 

 

 

QUITCLAIM DEED

 

This QUITCLAIM DEED (the “Deed”) is
effective the [__] day of [__], 20[__] (the “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, “Grantors”), Dakota
Territory Resource Corp., a Nevada corporation (“Grantee”), and JR Resources Corp., a Nevada
Corporation (the “Guarantor”).

 

RECITALS

 

1.           
Grantors and Grantee are parties to that certain Asset Purchase Agreement executed by Grantor and Grantee on [DATE], 2021 (the “Agreement”).

 

2.           
Pursuant to the Agreement, Grantors agreed, among other things, to convey to Grantee all of Grantors’ right, title and interest
in and to the real property described in Exhibit A to this Deed (the “Mining Property”). The Mining Property
is located in Lawrence County, South Dakota.

 

3.           
As partial consideration for the conveyance of the Mining Property from Grantors to Grantee, Grantee hereby agrees to conduct mining
operations on the Mining Property in accordance with certain operating parameters, and to indemnify Grantors for any failure by Grantee
to conduct such mining operations in accordance with such operating parameters, all as described in Exhibit B to this Deed (the
 “Operating Parameters and Indemnity”).

 

4.           
Each Grantor and Grantee executes this Deed with respect to the Mining Property and the Operating Parameters and Indemnity in order to
fulfill, in part, its respective obligations under the Agreement.

 

    1 

     

    

 

CONVEYANCE

 

For good and valuable consideration,
the receipt and sufficiency of which are acknowledged by the parties, each Grantor quitclaims to Grantee all of such Grantor’s right,
title and interest, if any, in and to the Mining Property and all and singular the tenements, hereditaments, appurtenances, fixtures,
buildings, and other improvements thereon or thereunto belonging to or in anywise appertaining, the reversion and reversions, remainder
and remainders, rents, issues, and profits thereof and including, with respect to all patented mining claims included in the Mining Property
all of the lodes, ledges, veins and mineral-bearing rock, both known and unknown, intraliminal and extralateral, lying within or extending
beyond the boundaries of such mining claims, and all dips, spurs and angles, and all the ores, mineral bearing-quartz, rock and earth
or other mineral deposits therein or thereon, to have and to hold unto Grantee, its successors and assigns forever, subject to the Operating
Parameters and Indemnity.

 

Grantee hereby agrees to conduct
mining operations on the Mining Property in accordance with the Operating Parameters and Indemnity.

 

This Deed and the covenants
contained herein shall extend to and be binding upon and every benefit hereof shall inure to the parties hereto, their respective successors
and assigns.

 

This Deed shall be governed by the laws of the State of South
Dakota.

 

[Signature Page follows]

 

    2 

     

    

 

IN WITNESS WHEREOF, each Grantor has executed this Deed
on the date set forth above.

 

	 	HOMESTAKE MINING COMPANY OF CALIFORNIA

 

	 	By:	 
	 	Name:
	 	Title:

 

ACKNOWLEDGEMENT

 

STATE OF_____________________________________________ )

)
ss.

COUNTY OF____________________________________________  )

 

This record was
acknowledged before me on the ____ day of ______________, 20[__], by ____________________ as __________________ of Homestake Mining
Company of California, a California corporation.

 

 

	 	(Signature of notarial officer)

	 	[Affix seal/stamp as close to signature as possible]

 

 

	 	My commission expires:

 

	 	 

 

    3 

     

    

 

	 	LAC MINERALS (USA) LLC

 

		By:	 
	 	Name:
	 	Title:

 

ACKNOWLEDGEMENT

 

STATE OF_____________________________________________ )

)
ss.

COUNTY OF____________________________________________  )

 

This record was acknowledged
before me on the ____ day of ______________, 20[__], by ____________________ as __________________ of LAC Minerals (USA) LLC, a Delaware
limited liability company.

 

 

	 	(Signature of notarial officer)

	 	[Affix seal/stamp as close to signature as possible]

 

 

	 	My commission expires:

 

	 	 

 

    4 

     

    

 

	 	DAKOTA TERRITORY RESOURCE CORP.

 

		By:	 
	 	Name:
	 	Title:

 

ACKNOWLEDGEMENT

 

STATE OF_____________________________________________ )

)
ss.

COUNTY OF____________________________________________  )

 

This record was acknowledged
before me on the ____ day of ______________, 20[__], by ____________________ as ___________ of Dakota Territory Resource Corp, a Nevada
corporation.

 

 

		(Signature of notarial officer)

	 	[Affix seal/stamp as close to signature as possible]

 

 

	 	My commission expires:

 

	 	 

 

    5 

     

    

 

	 	JR RESOURCES CORP.

 

	 	By:	 
	 	Name:
	 	Title:

 

ACKNOWLEDGEMENT

 

STATE OF_____________________________________________ )

)
ss.

COUNTY
OF__________________________________________ )

 

This record was acknowledged before me
on the ____ day of ______________, 20[__], by ____________________ as ___________ of JR Resources Corp, a Nevada corporation.

 

 

	 	(Signature of notarial officer)

	 	[Affix seal/stamp as close to signature as possible]

 

 

	 	My commission expires:

 

	 	 

 

    6 

     

    

 

 

EXHIBIT A

TO

DEED

 

MINING PROPERTY (LAWRENCE COUNTY, SOUTH DAKOTA)

 

 

Properties, Property Agreements and Royalties

 

(All Properties are located within T5N, R2E, 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

 

    A-1

     

    

 

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

 

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

 

    A-2

     

    

 

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

 

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

 

    A-3

     

    

 

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

 

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

 

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

 

1.       The Peterson Lease.

 

Material Contracts

 

		1.	Restated Joint Venture Agreement dated December 2, 1988 between Viable Resources, Inc. and 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).

 

 

 

		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. 

 

    A-4

     

    

 

		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.

 

		6.	Pursuant to the Exploration Lease and Purchase Option Agreement dated June 18, 2019 (the “Exploration
and Option Agreement”), among Wharf Resources (U.S.A.) Inc. (“Coeur”), Coeur
Mining Inc., Homestake and LAC Minerals, which Exploration and Option Agreement terminated on September
17, 2021, Coeur has certain access rights to the Mining Property in order to perform Coeur Reclamation Obligations, including Post-Termination
Reclamation Obligations (each as defined in the Exploration and Option Agreement).

 

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]

 

    A-5

     

    

 

EXHIBIT B

TO

DEED

 

OPERATING PARAMETERS AND INDEMNITY

 

ARTICLE I.

DEFINITIONS

 

1.1        Certain Defined Terms.
For purposes of these Operating Parameters and Indemnity, except where the context otherwise requires, the following capitalized terms
have the following meanings:

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly, through one of more intermediaries, controls, is controlled
by, or is under common control with, such Person. For purposes of this definition, “control” means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership
of voting securities, by contract or otherwise.

 

“Business Day”
means any day except Saturday, Sunday or any other day on which commercial banks located in Vancouver, British Columbia, Toronto, Ontario
or Reno, Nevada are closed for business.

 

“Claim”
means any action, arbitration, cause of action, claim, counterclaim, demand, dispute, grievance, mediation, injunction, investigation,
notice of violation, obligation, order, stay, suit or other proceeding.

 

“Corporate Reorganization” has the meaning
set forth in Section 3.1.

 

“Cure Notice” has the meaning set forth
in Section 2.5(a).

 

“Cure Notice Period” has the meaning set
forth in Section 2.5(a).

 

“Cure Period” has the meaning set forth
in Section 2.5(a).

 

“Declaration of Environmental
Deed Restrictions” means the Declaration of Environmental Deed Restrictions dated February 2, 2018, recorded with the Lawrence
County, South Dakota Register of Deeds at Doc. # 2018-00714, a copy of which is attached to these Operating Parameters and Indemnity as
Schedule III.

 

“Default Cure Plan” has the meaning set
forth in Section 2.5(a).

 

“Default Notice” has the meaning set forth
in Section 2.5(a).

 

“Environmental Law”
means all applicable Laws relating to the protection of human health and safety, the environmental, or to hazardous or toxic substances
or wastes, pollutants or contaminants (including Hazardous Materials).

 

    B-1

     

    

 

“Event of Default” has the meaning set forth in
Section 2.5.

 

“Governmental
Authority” means: (a) any domestic or foreign government, whether national, federal, provincial, state, territorial,
municipal or local (whether administrative, legislative, executive or otherwise); (b) any agency, authority, ministry, department,
regulatory body, court, central bank, bureau, board or other instrumentality having legislative, judicial, taxing, regulatory,
prosecutorial or administrative powers or functions of, or pertaining to, government; (c) any court, commission, individual
arbitrator, arbitration panel or other body having adjudicative, regulatory, judicial, quasi-judicial, administrative or similar
functions; or (d) any other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the
foregoing, including any stock or other securities exchange or professional association.

 

“Governmental Filings” has the meaning
set forth in Section 2.1(c).

 

“Grantee Administrative Agent” means the
Grantee.

 

“Grantor Administrator Agent” means Homestake.

 

“Grantor Regulatory Rights” has the meaning
set forth in Section 2.4(b).

 

“Hazardous Material”
means any pollutant, contaminant, constituent, chemical, mixture, raw material, intermediate product, finished product or by-product,
hydrocarbon or any fraction thereof, or industrial, solid, toxic, radioactive, infectious, disease-causing or hazardous substance, material,
waste or agent, including all substances, materials, or wastes, the presence and amount of which is regulated by any Governmental Authority
under any Environmental Law, or which may threaten life, health or property or adversely affect the environment.

 

“Indemnifiable Claim” means a Claim arising
pursuant to an Indemnification Obligation.

 

“Indemnification Obligations” has the
meaning set forth in Section 4.1(a).

 

“Indemnified Parties”
means the Grantor Administrative Agent, each Grantor and its and their respective Affiliates, and its and their respective Representatives,
and “Indemnified Party” means any one of them.

 

“Indemnitors” the Grantee and the Guarantor.

 

“Indemnitor Parties”
means, collectively, each of the Indemnitors and their respective Affiliates and its and their respective Representatives and “Indemnitor
Party” means any one of them.

 

“Inspection Right” has the meaning set
forth in Section 2.4(a).

 

“Laws”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, formal interpretation,
or other requirement or rule of law of any Governmental Authority.

 

    B-2

     

    

 

“Loss”
means, in respect of any matter, all claims, demands, proceedings, losses, damages, liabilities, deficiencies, fines, costs and expenses
(including reasonable legal and other professional fees and disbursements, interest, penalties and amounts paid in settlement but excluding
punitive, exemplary, aggravated damages, lost opportunity damages and loss of profits), injuries and judgments arising directly or indirectly
as a consequence of such matter.

 

“Mine”
means the area within the circumambient boundaries of the Mining Property, commonly known as the Richmond Hill mine, as depicted on the
Mine Map.

 

“Mine Map”
means the map as of the Effective Date, attached as Schedule I, and includes the descriptions of the Mining Property.

 

“Mining Industry
Best Practices” means the best practices; methods; specifications; licensing requirements; standards of care, skill, diligence,
safety and performance; environmental health and safety standards (including the use of certified or third party verified environmental
management systems and adherence to the International Council on Mining and Metals guiding principles, or such other established industry
standards as may be agreed in writing by the Parties from time to time); and acts generally engaged in or observed by recognized and experienced
international mining companies, as in effect from time to time for Mining Operations, which are consistent with good judgment, reliability,
and safety, all in compliance with applicable Permits (including the Operating Permits) and applicable Laws (including Environmental Laws).

 

“Mining Operations”
means any mining, extracting, producing, handling, milling, leaching, beneficiation or other processing of ores; activities directed toward
ascertaining the existence, location, quantity, quality or commercial value of mineral deposits, including drilling required after discovery
of potentially commercial mineralization; any preparation for the removal and recovery of minerals, in-fill drilling, preparation of order
of magnitude studies, pre-feasibility studies, feasibility studies, pre-production stripping, stripping and the construction or installation
of any mill, leach facilities, or any other improvements to be used for the mining, extracting, producing, handling, milling, leaching,
beneficiation or other processing of ores; actions performed during or after the foregoing to comply with the requirements of all Environmental
Laws or contractual commitments related to reclamation of the Mining Property or other compliance with Environmental Laws; and the attendant
reclamation and remediation and closure upon completion of the foregoing, including obligations or responsibilities that are reasonably
expected to or actually continue or arise, such as, without limitation, future monitoring, management, treatment or stabilization.

 

“Notice of Claim” has the meaning set
forth in Section 4.2(b)(i).

 

“Operating Parameters” has the meaning
set forth in Section 2.2(b).

 

“Operating Parameters
and Indemnity” means the Operating Parameters and Indemnity set forth in this Exhibit B, and any exhibits, schedules
and addenda referenced herein or attached hereto, as the same may be amended or modified from time to time as set forth herein.

 

“Operating Permits”
means the Permits to conduct Mining Operations at the Mine, including those set forth in Schedule II.

 

    B-3

     

    

 

“Operating Records” has the meaning set
forth in Section 2.1(b).

 

“Operational Default” has the meaning
set forth in Section 2.5(a).

 

“Parties”
means any combination of the Grantor Administrative Agent, Homestake, LAC Minerals, the Grantee Administrative Agent, the Grantee and
the Guarantor.

 

“Party”
means any one of the Grantor Administrative Agent, Homestake, LAC Minerals, the Grantee Administrative Agent, the Grantee or the Guarantor.

 

“Permit Modification Notice” has the meaning
set forth in Section 2.3.

 

“Permit Modifications” has the meaning
set forth in Section 2.3.

 

“Permits”
means any permit, license, approval, consent, ruling, authorization, certification, concession, exemption, variance, notification, waiver,
clearance or registration by or with a Governmental Authority or other third parties.

 

“Person”
means any individual, corporation or company with or without share capital, partnership, joint venture, association, trust, unincorporated
organization, trustee, executor, administrator or other legal personal representative, Governmental Authority or entity however designated
or constituted.

 

“Release”
means any spill, discharge, leak, emission, injection, escape, dumping, leaching, dispersal, disposal, emanation, migration or release
of any Hazardous Materials into the environment, including abandonment or discard of barrels, containers, tanks or other receptacles containing
or previously containing any Hazardous Materials, or the recycling of Hazardous Materials.

 

“Release Obligations” has the meaning
set forth in Section 4.1(a).

 

“Representatives”
means, with respect to any Person, any and all directors, officers, members, managers, employees, consultants, financial advisors, counsel,
accountants and other agents of such Person.

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, convey, dispose or otherwise grant a right, title or interest (including a joint
venture interest or an expropriation or other transfer required or imposed by Law or any Governmental Authority, whether voluntary or
involuntary), or to abandon, surrender or otherwise relinquish a right, title or interest.

 

“Uncured Operational Default” has the
meaning set forth in Section 4.5.

 

		1.2	Rules of Construction.

 

		(a)	In these Operating Parameters and Indemnity:

 

(i)        unless the context otherwise clearly
requires, (A) references to the plural include the singular, and references to the singular include the plural, (B) references to
one gender include the other gender, (C) the words “include,” “includes,” and “including” do not
limit the preceding terms or words and shall be deemed to be followed by the words “without limitation,” (D) the terms
 “hereof,” “herein,” “hereunder,” “hereto,” and similar terms refer to this entire
Operating Parameters and Indemnity and not to any particular provision of this Operating Parameters and Indemnity, unless the
provision otherwise provides, (E) “or” is used in the inclusive sense of “and/or,” (F) if a word or phrase
is defined, then its other grammatical or derivative forms have a corresponding meaning; (G) a reference to Law or a statute, code,
act, legislation, or to a provision thereof includes a modification, amendment, or substitution thereof or any successor Law, the
rules and regulations promulgated thereunder, and the formal interpretations issued in accordance therewith; and (H) unless
otherwise specified, the terms “day” and “days” mean and refer to calendar day(s);

 

    B-4

     

    

 

(ii)        unless otherwise specified,
any reference to any document, instrument or agreement (including a reference to these Operating Parameters and Indemnity) (A) includes
and incorporates all exhibits, schedules, and other attachments thereto, (B) includes and incorporates all documents, instruments, deeds,
or agreements issued or executed in connection therewith or in replacement thereof, and (C) means such document, instrument, deed, or
agreement, or replacement or predecessor thereto, as amended, modified, or supplemented from time to time in accordance with its terms
and in effect at any given time (except to the extent prohibited by these Operating Parameters and Indemnity or such other agreement or
document);

 

(iii)        unless otherwise specified,
all references to articles, sections, schedules and exhibits are to the Articles, Sections, Schedules, and Exhibits of these Operating
Parameters and Indemnity; and

 

(iv)        the headings of these
Operating Parameters and Indemnity are for reference purposes only and shall not affect in any way the meaning or interpretation of these
Operating Parameters and Indemnity.

 

(b)        The Parties acknowledge
that they and their respective legal counsel have reviewed and participated in negotiating and settling the terms of these Operating Parameters
and Indemnity and agree that no inference shall be drawn in favor of or against any Party by virtue of the fact that they or their respective
legal counsel were or were not principally responsible for drafting these Operating Parameters and Indemnity.

 

(c)        The following Schedules
are attached to, and form an integral part of, these Operating Parameters and Indemnity:

 

	 	Schedule I	-	Mine Map
	 	Schedule II	-	Operating Permits
	 	Schedule III	-	Declaration of Environmental Deed Restrictions

 

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ARTICLE II.

MINING OPERATIONS

 

2.1       Indemnitor
Responsibilities.

 

(a)        The Indemnitor Parties are
solely responsible and liable for all Mining Operations at the Mine, and an Indemnitor Party shall at all times be the operator under
applicable Laws. No Indemnified Party is, or shall be considered to be, an operator under applicable Laws or otherwise involved in any
Mining Operations at the Mine. The Indemnitors shall not, and shall cause the Indemnitor Parties not to, bring any Claim against any one
or more of the Indemnified Parties alleging that any one or more of such Indemnified Parties is an operator of the Mine based on any activities
undertaken by one or more of the Indemnified Parties pursuant to these Operating Parameters and Indemnity, or under applicable Laws.

 

(b)       The
Indemnitor Parties shall maintain complete and accurate records of Mining Operations at the Mine in accordance with Mining Industry
Best Practices (the “Operating Records”).

 

(c)        The Indemnitors, acting
through the Grantee Administrative Agent, shall provide to the Grantor Administrative Agent promptly, and in any event within five Business
Days of the triggering event referred to below: (i) copies of material filings with, or correspondence from, all Governmental Authorities,
related directly or indirectly to the Permits (including Operating Permits) for Mining Operations at the Mine; and (ii) written notice
of (A) any Release, or threatened Release; (B) any contamination or threat to the environment, or human health and safety at the Mine
that requires a notice or filing with a Governmental Authority, together with a copy of any such filing; and (C) copies of any filings
or correspondence directly or indirectly related to any Claims or potential Claims alleged by a Governmental Authority or Losses imposed
by a Governmental Authority (“Governmental Filings”).

 

2.2       Operating
Parameters.

 

(a)        The Indemnitor Parties shall
conduct Mining Operations at the Mine, or cause Mining Operations at the Mine to be conducted, in accordance with Mining Industry Best
Practices.

 

(b)       
In addition to conducting Mining Operations in compliance with Mining Industry Best Practices, the Indemnitor Parties shall conduct Mining
Operations, or cause Mining Operations to be conducted, at the Mine in compliance with the following (the “Operating Parameters”):

 

(i)        The Indemnitor Parties
shall comply with Mining Industry Best Practices with regard to environmental health and safety (such as the use of certified or third
party verified environmental management systems and adherence to the International Council on Mining and Metals guiding principles);

 

(ii)       The
Indemnitor Parties shall comply with applicable Environmental Laws;

 

(iii)        The Indemnitor Parties
shall exercise due care consistent with Mining Industry Best Practices in the handling, management, acquisition, disposal, generation,
recycling, use and sale of Hazardous Materials; and

 

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(iv)        The Indemnitor Parties
shall comply with the restrictions set forth in the Declaration of Environmental Deed Restrictions, which Declaration of Environmental
Deed Restrictions form an integral part of these Operating Parameters and Indemnity; provided that, notwithstanding the permissive
provisions of the Declaration of Environmental Deed Restrictions, the Indemnitor Parties shall not conduct Mining Operations or conduct
any excavation or subsurface construction, and shall not seek to conduct Mining Operations or to conduct any excavation or subsurface
construction, within the Pit Impoundment (as described in the Declaration of Environmental Deed Restrictions) located on Govt. Lot 4,
Govt. Lot 5, Little Bonanza, Ella, Atwood, Helen, Donald W., Juliette, Virginia, Emma and Calvin P. lodes, M.S. 977, being located in
the E/2, Section 22, T5N, R2E, BHM, as generally shown on Exhibit C to the Declaration of Environmental Deed Restrictions, without the
Administrative Agent’s written consent, which may be withheld in its sole and absolute discretion..

 

2.3         
Modification of Operating Parameters. Subject to Section 2.2(b)(iv), and to the Grantor Regulatory Rights and the
Indemnitor Parties’ compliance with their obligations relating to the Permit Modification Notice and the Inspection Rights, the
Indemnitor Party conducting Mining Operations at the Mine may apply for additional Permits, or seek approval to modify or amend the Operating
Permits, from Government Authorities having jurisdiction over the Mining Operations at the Mine (the “Permit Modifications”);
provided that the Grantee Administrative Agent shall provide the Grantor Administrative Agent not less than 30 days’ written
notice (the “Permit Modification Notice”) prior to the submission of any request for Permit Modifications, which Permit
Modification Notice shall include a copy of the proposed submission(s) to the relevant Governmental Authorities requesting approval of
the Permit Modifications.

 

		2.4	Grantor Rights.

 

(a)        Any one or more of the Indemnified
Parties shall have the right, but not the obligation, to access the Operating Records in order to verify that Mining Operations at the
Mine comply with Mining Industry Best Practices and the Operating Parameters, and to exercise their respective Grantor Regulatory Rights
(the “Inspection Right”). The Indemnitor Parties shall ensure that the Indemnified Parties are able to exercise the
Inspection Right during normal operating hours on working days at the expense of the Indemnified Parties and in a manner that does not
unreasonable hinder, delay, or interfere with the Indemnitor Parties’ operations, provided that the Indemnified Parties shall deliver
five days’ prior written notice to the Grantee Administrative Agent before exercising the Inspection Right. In addition, any Inspection
Right related to the Mining Operations at the Mine and the Operating Parameters will be conducted in accordance with applicable health
and safety standards for the Mine.

 

(b)        To the extent that the
Grantor Administrative Agent determines, in its sole and absolute discretion, that any proposed Permit Modification or any proposed modification
to the Operating Parameters represents a material risk to an Indemnified Party, any one or more of the Indemnified Parties shall have
the unfettered right to make submissions to the relevant Governmental Authorities in respect of each application for additional Permits
and each request for a Permit Modification, and exercise any other rights available to such Indemnified Parties under applicable Law
(including injunctive rights), as applicable, in their sole and absolute discretion (the “Grantor Regulatory Rights”).
The Indemnitors shall not assert, and shall cause the Indemnitor Parties (including the Grantee Administrative Agent) not to assert,
that any Indemnified Party owes any duty to the Indemnitors, any of the Indemnitor Parties or any other Person, or otherwise is restricted
or prohibited in any way from exercising the Grantor Regulatory Rights or otherwise acting in the best interests of any such Indemnified
Party in connection with the exercise of any of the Grantor Regulatory Rights.

 

    B-7

     

    

 

(c)        The Indemnified Parties
may use any non-public information obtained pursuant to the Inspection Rights to confirm compliance by the Indemnitor Parties under these
Operating Parameters and Indemnity and in furtherance of the exercise of the Grantor Regulatory Rights, and shall not use such non-public
information for any other purpose.

 

2.5        Default. The occurrence
of any one or more of the following events shall constitute a default under these Operating Parameters and Indemnity (as applicable, an
 “Event of Default”):

 

(a)       
the Indemnitor Parties fail to conduct, or fail to have conducted, Mining Operations at the Mine in accordance with Mining Industry
Best Practices and the Operating Parameters in all material respects (an “Operational Default”) and such failure
continues for a period of 45 days (the “Cure Period”) after receipt of written notice of such failure from the
Grantor Administrative Agent to the Grantee Administrative Agent (a “Default Notice”); provided that, (i)
the Grantee Administrative Agent shall inform the Grantor Administrative Agent in writing (the “Cure Notice”)
within 48 hours of receipt off a Default Notice (the “Cure Notice Period”) of the intent of the Indemnitor
Parties to cure the Operational Default within the Cure Period, and (ii) if the Indemnitor Parties, using diligent efforts, cannot
cure any such Operational Default within the Cure Period, then the Indemnitor Parties shall take meaningful steps beginning on the
date of the Default Notice to cure such Operational Default as quickly as possible and provide to the Grantor Administrative Agent
with the Cure Notice a detailed written plan as to the steps the Indemnitor Parties will take to cure such Operational Default and
the time period in which such Operational Default will be cured (the “Default Cure Plan”), which Default Cure
Plan is acceptable to the Grantor Administrative Agent, acting reasonably;

 

(b)        the Indemnitor Parties fail
to cure an Operational Default in accordance with the applicable Default Cure Plan;

 

(c)        any of the Indemnitor Parties
seeks to prohibit any of the Indemnified Parties from exercising its Inspection Right or Grantor Regulatory Rights;

 

(d)        any of the Indemnitor Parties
refuses any of the Indemnified Parties access to the Operating Records in contravention of Section 2.4(a);

 

(e)        the Indemnitors undertake,
or attempt to undertake, a Corporate Reorganization in contravention of Section 3.1;

 

(f)        the Indemnitors, or either
of them, transfers all or any portion of the Mining Property in contravention of Section 3.2;

 

(g)        the Indemnitors, or either
of them, abandons, or takes action to abandon, any Mining Property in contravention of Section 3.3;

 

    B-8

     

    

 

(h)        the Grantor Administrative
Agent, acting reasonably, determines that the Indemnitor Parties are unable or unwilling to perform any one or more of their Indemnification
Obligations; or

 

(i)       
(A) any one or more of the Indemnitor Parties seeks voluntary relief under any applicable federal or state debtor relief laws; (B) an
involuntary case is commenced against any one or more of the Indemnitor Parties under any applicable federal or state debtor relief laws
and such case is not dismissed with prejudice within 60 days after its filing; (C) any one or more of the Indemnitor Parties is declared
insolvent or unable to pay its debts as the same become due; (D) any one or more of the Indemnitor Parties commences dissolution or liquidation
proceedings; or (E) a receiver, liquidator, judicial manager, sequestrator, trustee, custodian or other officer having similar powers
is appointed with respect to such Indemnitor Party or its assets.

 

Upon the occurrence and during the continuance
of an Event of Default, the Grantors, in addition to any rights set forth herein, may seek any and all remedies available to it at law
or in equity.

 

2.6        Relationship of the
Parties. Nothing in these Operating Parameters and Indemnity shall create or be deemed to create a relationship of employer and employee,
joint venture or partnership between the Indemnified Parties or the Indemnitor Parties for any purpose whatsoever. Nothing in these Operating
Parameters and Indemnity shall create a relationship of principal and agent between the Indemnified Parties or the Indemnitor Parties.
Nothing in these Operating Parameters and Indemnity shall be construed to allege that any Indemnified Party is an operator of the Mine
under applicable Laws. No Party shall have the authority to bind or obligate the other Parties in any manner as a result of the relationship
created hereby.

 

ARTICLE III.

TRANSFER AND ABANDONMENT

 

3.1         
Preservation of Corporate Structure. Subject to Section 3.2, the Indemnitors shall not consolidate, amalgamate with,
or merge with or into, or Transfer all or substantially all of its assets to, or reorganize, reincorporate or reconstitute into or as
another entity (each a “Corporate Reorganization”) without the prior written consent of the Grantor Administrative
Agent unless at the time of such Corporate Reorganization, the resulting, surviving or transferee entity: (i) assumes in favor of the
Indemnified Parties all the obligations of the Indemnitors under these Operating Parameters and Indemnity in an instrument in writing
satisfactory to the Grantor Administrative Agent, acting reasonably; and (ii) has the financial capability to satisfy the obligations
of the Indemnitors pursuant to these Operating Parameters and Indemnity, as determined to the satisfaction of the Grantor Administrative
Agent, acting reasonably.

 

3.2          Limitations
on Transfer. The Indemnitor Parties shall not Transfer, in whole or in part, the Mining Property without the prior written
consent of the Grantor Administrative Agent, unless the Person to whom or to which such Mining Property are Transferred: (a) agrees
to conduct Mining Operations at the Mine pursuant to Mining Industry Best Practices and in accordance with the Operating Parameters;
(b) assumes in favor of the Indemnified Parties all or its proportionate share thereof based on its relative interest in the Mining
Property of the obligations of the Indemnitors under these Operating Parameters and Indemnity in instruments in writing satisfactory
to the Grantor Administrative Agent, acting reasonably; (c) has the financial capability to conduct Mining Operations at the Mine
pursuant to Mining Industry Best Practices and in accordance with the Operating Parameters and to satisfy its obligations under
these Operating Parameters and Indemnity, as determined to the reasonable satisfaction of the Grantor Administrative Agent; and (d)
the ultimate parent company of such transferee assumes in favor of the Indemnified Parties all or its proportionate share of the
obligations of the Indemnitor Parties under these Operating Parameters and Indemnity based on its relative interest in the Mining
Property. Any Transfer of all or any portion of the Mining Property in contravention of this Section 3.2 shall be void ab
initio.

 

    B-9

     

    

 

3.3 Abandonment. Subject
to Section 6.1, the Indemnitor Parties may abandon any Mining Property that no longer are deemed beneficial for Mining Operations
at the Mine upon not less than 30 days’ prior written notice to the Grantor Administrative Agent.

 

ARTICLE IV. 

RELEASE AND INDEMNITY

 

4.1       Release.

 

(a)       
Each Indemnitor, jointly and severally, on its behalf and on behalf of the Indemnitor Parties hereby unconditionally and irrevocably
forever RELEASES, DISCHARGES AND ACQUITS the Indemnified Parties from and against all Claims and Losses of whatsoever kind or
nature, under any Law or otherwise, whether accrued or unaccrued, whether known or unknown, whether now existing or that might arise
hereafter, present or future, suspected or unsuspected, asserted or unasserted, foreseen or unforeseen, contingent or fixed,
liquidated or unliquidated, including without limitation any Claims for contribution and/or indemnity, and for all Losses of any
kind or nature, Claims for prejudgment interest, lost profits, consequential damages, exemplary damages, and other expenses or
damages, incurred or to be incurred for, upon, or by reason of any matter, cause or thing arising prior to, on or following the
Effective Date arising out of, in connection with, or in any way related to Mining Operations at the Mine (collectively, the
 “Release Obligations”), regardless of when or how any of the Claims and Losses related to the Release Obligation
arose and notwithstanding their foreseeability or predictability.

 

(b)        Each Indemnitor, jointly
and severally, on its behalf and on behalf of the Indemnitor Parties, hereby unconditionally and irrevocably agrees to indemnify and hold
harmless the Indemnified Parties from and against any and all Claims and Losses of whatsoever kind or nature (including prejudgment interest,
lost profits, consequential damages, exemplary damages) directly or indirectly arising from Claims of any Person (including any Governmental
Authority) relating to any Release Obligations.

 

(c)        Any Indemnified Party that
is named in a Claim that is related to the Release Obligations or pursuant to which indemnification is available under Section 4.1(b)
shall have control over the management, prosecution and settlement of such Claim, all at the expense of the Indemnitors.

 

4.2       Indemnity.

 

(a)       
Each Indemnitor, jointly and severally, on its behalf and on behalf of the Indemnitor Parties, hereby unconditionally and
irrevocably agrees to indemnify, defend, and hold harmless the Indemnified Parties from and against any and all Claims and Losses
(including prejudgment interest, lost profits, consequential damages, exemplary damages) directly or indirectly arising from Claims
of any Person (including any Governmental Authority), whenever arising, relating to any one or more of (i) Mining Operations at the
Mine (including any failure or alleged failure to conduct Mining Operations at the Mine in accordance with Mining Industry Best
Practices or the Operating Parameters) and (ii) allegations that any one or more of the Indemnified Parties is or was an operator of
the Mine under applicable Law (collectively, the “Indemnification Obligations”).

 

    B-10

     

    

 

(b)        The obligation of the Indemnitor
Parties to indemnify, defend and hold harmless the Indemnified Parties for Indemnification Obligations is subject to the following notice
requirements:

 

(i)        An Indemnified Party seeking
indemnification pursuant to an Indemnifiable Claim shall give written notification through the Grantor Administrative Agent to the Grantee
Administrative Agent of such Indemnifiable Claim (a “Notice of Claim”) promptly upon becoming aware of the Claim or
Loss. The Notice of Claim shall specify with reasonable particularity, to the extent that the information is available, the factual basis
for the Indemnifiable Claim and the amount of the Indemnifiable Claim.

 

(ii)        If the Grantor Administrative
Agent fails to provide the Grantee Administrative Agent with a Notice of Claim promptly as required by Section 4.2(b)(i), then
the Indemnitor Parties shall be relieved of the obligation to pay damages to the extent they can show that they were materially prejudiced
in the defense of the Indemnifiable Claim or in proceeding against a third party who or which would have been liable to them but for the
fact of the delay, but the failure to provide such Notice of Claim promptly shall not otherwise release the Indemnitor Parties from their
obligations under this Section 4.2(b)(ii).

 

4.3       Indemnification
Procedure.

 

(a)        Subject to Section 4.3(d),
upon receiving a Notice of Claim, the Indemnitors, acting through the Grantee Administrative Agent, may participate in the investigation
and defense of the Indemnifiable Claim, and may also elect to assume the investigation and defense of the Indemnifiable Claim with counsel
reasonably satisfactory to the Indemnified Party, acting through the Grantor Administrative Agent; provided that the Indemnitors
shall not have the right to assume such investigation and defense, and shall pay the reasonable fees and expenses of counsel retained
by the Indemnified Party, if the Indemnifiable Claim involves a Claim that, in the good faith judgment of the Indemnified Party, acting
through the Grantor Administrative Agent, the Grantee Administrative Agent failed or is failing to vigorously prosecute or defend. The
Indemnified Party shall have the right, at its own cost and expense, to participate in the defense of any Indemnifiable Claim with counsel
selected by it subject to the Indemnitor’s right to control the defense thereof (except in the circumstances described above).

 

(b)        In order to assume the investigation
and defense of an Indemnifiable Claim, the Grantee Administrative Agent must give the Grantor Administrative Agent written notice of its
election within 20 days of receipt by the Grantee Administrative Agent of the Notice of Claim.

 

    B-11

     

    

 

(c)          Subject to Section 4.3(d),
if the Indemnitors assume the investigation and defense of an Indemnifiable Claim:

 

(i)          the Indemnitor Parties
will pay for all reasonable costs and expenses of the investigation and defense of the Indemnifiable Claim except that the Indemnitor
Parties will not, so long as the Grantee Administrative Agent diligently conducts such defense, be liable to the applicable Indemnified
Party for any fees of other counsel or any other expenses with respect to the defense of the Indemnifiable Claim, incurred by the Indemnified
Party after the date the Indemnitor validly exercised its right to assume the investigation and defense of the Indemnifiable Claim;

 

(ii)          the Indemnitor Parties
will reimburse the Indemnified Parties for all reasonable costs and expenses incurred by the Indemnified Parties in connection with the
investigation and defense of the Indemnifiable Claim prior to the date the Indemnitors, through the Grantee Administrative Agent, validly
exercised its right to assume the investigation and defense of the Indemnifiable Claim; and

 

(iii)          if the Indemnitors,
acting through the Grantee Administrative Agent, thereafter fail to defend the Indemnifiable Claim within a reasonable time, the Indemnified

 

Parties shall be entitled to assume such defense
at the Indemnitor Parties’ cost and expense and the Indemnitors shall be bound by the results obtained by the Indemnified Party
with respect to the Indemnifiable Claim.

 

(d)           Where the named parties
to any Indemnifiable Claim include an Indemnified Party as well as any Indemnitor Party and the Indemnified Party determines in good faith,
based on advice from legal counsel, that joint representation would be inappropriate due to the actual or potential differing interests
between them or there may be one or more legal defenses available to the Indemnified Party which are different from or in addition to
those available to the Indemnitor Parties, and such Indemnified Party, acting through the Grantor Administrative Agent, notifies the Grantee
Administrative Agent in writing that it elects to retain separate counsel, the Indemnitors shall not have the right to assume the defense
of such Indemnifiable Claim on behalf of the Indemnified Party but shall be liable to pay the reasonable fees and expenses of counsel
of the Indemnified Party. In no event, however, shall the Indemnitor Parties be liable hereunder to pay the fees and disbursements of
more than one counsel in any one jurisdiction acting as counsel on behalf of all Indemnified Parties. Throughout the course of any legal
proceeding, to the extent there are not actual or potential conflicts between the Indemnitor Parties and any Indemnified Parties, the
Indemnified Parties and the Indemnitor Parties shall reasonably cooperate with each other in connection with the conduct of the settlement
or defense thereof.

 

(e)           If an Indemnified Party
undertakes the defense of the Indemnifiable Claim, then the Indemnitor Parties will not be bound by any compromise or settlement of the
Indemnifiable Claim effected without the consent of the Indemnitor Parties (which consent may not be unreasonably withheld, conditioned
or delayed).

 

(f)           None of the Indemnitor
Parties will be permitted to compromise and settle or to cause a compromise and settlement of a Indemnifiable Claim without the
prior written consent of the applicable Indemnified Party, acting through the Grantee Administrative Agent, which consent may not be
unreasonably withheld, conditioned or delayed; provided, however, that no such consent shall be required if:

 

    B-12

     

    

 

(i)          the terms of the compromise
and settlement require only the payment of money for which the Indemnified Party is entitled to full indemnification under these Operating
Parameters and Indemnity and the Indemnitor Parties agree to timely pay such amount in full; and

 

(ii)         the Indemnified Party
is not required to admit any wrongdoing, take or refrain from taking any action, acknowledge any rights of the Person making the Indemnifiable
Claim or waive any rights that the Indemnified Party may have against the Person making the Indemnifiable Claim.

 

(g)           No Party shall be liable
to pay any amount in discharge of a Claim under these Operating Parameters and Indemnity unless and until the liability in respect of
which the Claim is made has become due and payable.

 

4.4       Nature of
Release and Indemnity.

 

(a)           The Release Obligations
and the Indemnification Obligations given hereunder are freely and voluntarily given and the Parties acknowledge and represent that they
have fully reviewed the terms contained herein, that they are fully informed with respect to the legal effect of the Release Obligations
and the Indemnification Obligations, and that they have voluntarily chosen to accept the terms and conditions.

 

(b)           The Release Obligations
and the Indemnification Obligations shall be read liberally to give the Indemnified Parties the broadest possible protection.

 

4.5        Injunction.
Each of Grantee and Guarantor, on its behalf and on behalf of its Affiliates and its and their respective Representatives, hereby
absolutely, unconditionally and irrevocably stipulate (a) that each Grantor will suffer irreparable injury in the event that (i) the
Indemnitor Parties fail to cure an Operational Default within the Cure Period, (ii) the Indemnitor Parties fail to perform under the
approved Default Cure Plan, or (iii) the Grantee Administrative Agent fails to provide a Cure Notice with a Default Cure Plan within
the Cure Notice Period in which case the Cure Period shall not apply (each, an “Uncured Operational Default”), as
determined by the Grantor Administrative Agent in its sole and absolute discretion, acting in good faith; and (b) that, as a result
of such failure, (i) each Grantor will succeed on the merits of any claim based on such Uncured Operational Default, (ii) the
balance of equities between the Parties support a claim by each Grantor, and (iii) a claim initiated by each Grantor is in the
public interest. Based on the foregoing, for a period of 10 years after the commencement of Mining Operations at the Mine, in the
event of an Uncured Operational Default, each Grantor, acting through the Administrative Agent, upon five days’ prior written
notice to the Grantee Administrative Agent, shall have the unrestricted right to file, or have filed on its behalf, an injunction
requiring Grantee to cease, or the cause the cessation of, Mining Operations at the Mine. Each of Grantee and Guarantor, on its
behalf and on behalf of its and their Affiliates and its and their respective Representatives, hereby absolutely, unconditionally,
and irrevocably agree not to oppose such injunction filed by or on behalf of Grantee. Notwithstanding the foregoing, Grantee and
Guarantor reserve the right to contest the continued existence of an Uncured Operational Default on the merits.

 

    B-13

     

    

 

ARTICLE V.

REPRESENTATIONS

 

Each of the Indemnitors, severally and not jointly,
hereby represents to the Grantor, and the Grantor represents to the Indemnitors, as of the Effective Date that:

 

5.1         
Existence. It is a corporation or limited liability company, as applicable, duly organized, validly existing and in good
standing in the jurisdiction of its organization and has the power and authority to carry on its business as currently conducted and as
contemplated to be conducted under these Operating Parameters and Indemnity, to the extent a party thereto.

 

5.2         
Authority. It has full right, power and authority to enter into and be bound by the terms and conditions of these Operating
Parameters and Indemnity, to the extent a party thereto, and to carry out their respective obligations under these Operating Parameters
and Indemnity, to the extent a party thereto, without the approval or consent of any other individual, corporation, partnership, association,
trust or other entity or organization, including a governmental or political subdivision or any agency or instrumentality thereof.

 

5.3         
Enforceability. It has duly authorized these Operating Parameters and Indemnity, to the extent a party thereto, by all requisite
company action. To the extent a party thereto, these Operating Parameters and Indemnity have been duly executed and delivered and constitute
a the legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited
by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general principles
of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

 

5.4         
Validity. The entering into these Operating Parameters and Indemnity, to the extent a party thereto, and the carrying out
of their respective obligations hereunder and thereunder are not prohibited, restricted or otherwise limited by any contract, agreement
or understanding entered into by them, or by which any of them is bound, with any other Person.

 

5.5        
No Conflict. The execution, delivery and performance of these Operating Parameters and Indemnity, to the extent a party thereto,
do not: (i) conflict with or result in a violation or breach of any provision of its constating documents; or (ii) violate in any material
respect any Law applicable to it.

 

5.6        
Governmental Actions. There is no Claim pending or currently threatened against it which, if adversely determined, would restrict
or limit its right to enter into these Operating Parameters and Indemnity, to the extent a party thereto, or carry out its obligations
under these Operating Parameters and Indemnity, to the extent a party thereto.

 

    B-14

     

    

 

ARTICLE VI.

MISCELLANEOUS

 

6.1         
Real Property Interest. The Parties intend that the obligations of the Indemnitor Parties to conduct Mining Operations at the Mine
in accordance with Mining Industry Best Practices and the Operating Parameters constitute a valuable right, shall continue during the
conduct of Mining Operations at the Mine by the Indemnitor Parties, and shall constitute a presently vested interest in and a covenant
running with the Mining Property which shall inure to the benefit of and be binding upon the Indemnitor Parties and each Grantor and their
respective, successors and assigns. The obligations of the Indemnitor Parties to conduct Mining Operations at the Mine in accordance with
Mining Industry Best Practices and the Operating Parameters shall attach to any amendments, relocations or conversions of any Mining Property,
or to any renewals or extensions thereof. If the Indemnitor Parties or any successor or assignee of the Indemnitor Parties surrenders,
allows to lapse or otherwise relinquishes or terminates its interest in any of the Mining Property, and reacquires a direct or indirect
interest in the land or minerals covered by the former Mining Property, then from and after the date of such reacquisition such reacquired
properties shall be included in the Mining Property and the obligations of the Indemnitor Parties to conduct Mining Operations at the
Mine in accordance with Mining Industry Best Practices and the Operating Parameters shall apply to such interest so acquired. Indemnitor
shall give written notice to the Grantor Administrative Agent within 30 days of any acquisition or reacquisition of an interest in the
Mining Property. The Parties do not intend that there be any violation of the rule against perpetuities. Accordingly, any right that is
subject to such rule shall be exercised within the maximum time periods permitted under applicable Law.

 

6.2        
Registration. To the extent the Grantors are able to do so under applicable Law, the Grantors shall be entitled from time to time
and at its sole cost and expense to register or record notice of its and their interest in these Operating Parameters and Indemnity against
title to the Mining Property or elsewhere, and the Indemnitor Parties shall cooperate with the Grantors to effect such reasonable registrations
and recordings and provide their written consent, acting reasonably, to any documents in connection therewith and do such other things,
at the cost and expense of the Grantors, as soon as reasonably practicable, as are reasonably necessary to effect any such registrations
or recordings.

 

6.3        
Expenses. Except as otherwise set forth in these Operating Parameters and Indemnity, all costs and expenses, including, without
limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with these Operating Parameters
and Indemnity shall be paid by the Party incurring such costs and expenses.

 

6.4          Notices.
All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been given: (a) when delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by
a nationally recognized overnight courier (receipt requested), (c) on the date sent by facsimile or e-mail of a PDF document (with
confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after
normal business hours of the recipient, or (d) when received by the addressee if mailed, by certified or registered mail, return
receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses (or at
such other address for a Party as shall be specified in a notice given in accordance with this Section 6.4):

 

    B-15

     

    

 

	 	If to Grantors:	c/o Grantor Administrative Agent
	 	 	301 S. Main Street, Suite 1150
	 	 	Salt Lake City, Utah 84101
	 	 	Attention: General Counsel (North
    America)
	 	 	email:	USLegalNotices@barrick.com 
	 	 	 	mmccarthy@barrick.com

 

	 	With a copies to:	Barrick Gold of North America Inc.
	 	 	310 S. Main Street, Suite 1150 
	 	 	Salt Lake City, Utah 84101
	 	 	Attention: Michael McCarthy
	 	 	General Counsel (North America)
	 	 	email: 	USLegalNotices@barrick.com
	 	 	 	mmccarthy@barrick.com
	 	 
	 	If to Indemnitors: 	c/o Grantee Administrative Agent
	 	 	Dakota Territory Resource Corporation
	 	 	106 Glendale Drive, Suite A 
	 	 	Lead, South Dakota 57754
	 	 	Attention: Jonathan Awde, CEO
	 	 	email: jawde@gold-sd.com

 

6.5         
Severability. If any provision of these Operating Parameters and Indemnity is determined by a court of competent jurisdiction
to be invalid, illegal or unenforceable in any respect, all other provisions of these Operating Parameters and Indemnity shall nevertheless
remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in
a manner materially adverse to a Party.

 

6.6         
Entire Agreement. These Operating Parameters and Indemnity are an essential element of the transactions contemplated in
the Purchase Agreement; these Operating Parameters and Indemnity constitutes valuable consideration under the Purchase Agreement; and
the Grantors will realize benefits and economic advantages from these Operating Parameters and Indemnity. Subject to the foregoing, these
Operating Parameters and Indemnity constitutes the sole and entire agreement of the Parties with respect to the subject matter contained
herein and supersedes all prior and contemporaneous representations, warranties, understandings and agreements, both written and oral,
with respect to such subject matter.

 

6.7          Waiver.
No waiver of any provision of these Operating Parameters and Indemnity shall be of any force or effect unless such waiver is in
writing, expressly stating to be a waiver of a specified provision of these Operating Parameters and Indemnity, and is signed by the
Party to be bound thereby. A Party’s waiver of any breach of these Operating Parameters and Indemnity or failure to enforce
any of the provisions of these Operating Parameters and Indemnity, at any time, shall not in any way limit or waive that
Party’s right thereafter to enforce or compel strict compliance with these Operating Parameters and Indemnity or any portion
or provision or right under these Operating Parameters and Indemnity.

 

    B-16

     

    

 

6.8        
Successors and Assigns. These Operating Parameters and Indemnity shall be binding upon and shall inure to the benefit of the Parties
hereto and their respective successors and permitted assigns. Except as provided in Section 3.2, no Party may assign its rights
or obligations hereunder without the prior written consent of the other Parties.

 

6.9        
Beneficiaries. These Operating Parameters and Indemnity include rights and benefits for the Indemnitor Parties and the Indemnified
Parties, and the Parties will exercise their respective rights and obligations under these Operating Parameters and Indemnity with due
consideration for the rights and benefits of the Indemnitor Parties and the Indemnified Parties. Subject to the foregoing, these Operating
Parameters and Indemnity are for the sole benefit of the Parties and their respective successors and permitted assigns and nothing herein,
express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature
whatsoever under or by reason of these Operating Parameters and Indemnity.

 

6.10      
Amendment and Modification; Waiver. These Operating Parameters and Indemnity may only be amended, modified or supplemented by an
agreement in writing signed by each Party hereto or, in the case of the Indemnitors, by the Grantee Administrative Agent. No waiver by
any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving
or, in the case of the Indemnitors, by the Grantee Administrative Agent. No waiver by any Party shall operate or be construed as a waiver
in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character,
and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege
arising from these Operating Parameters and Indemnity shall operate or be construed as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege.

 

		6.11	Governing Law; Submission to Jurisdiction.

 

(a) These Operating Parameters
and Indemnity shall be governed by and construed in accordance with the internal laws of the State of South Dakota without giving effect
to any choice or conflict of law provision or rule (whether of the State of South Dakota or any other jurisdiction).

 

(b) Any Claim arising out of
or based upon these Operating Parameters and Indemnity or the interpretation thereof may be instituted in the state courts of South Dakota
or the federal courts of the United States, in each case located in Rapid City, South Dakota, and each Party irrevocably submits to the
exclusive jurisdiction of such courts in any such Claim. Service of process, summons, notice or other document by mail to such Party’s
address set forth herein shall be effective service of process for any Claim brought in any such court. The Parties irrevocably and unconditionally
waive any objection to the laying of venue of any Claim in such courts and irrevocably waive and agree not to plead or claim in any such
court that any such Claim brought in any such court has been brought in an inconvenient forum.

 

    B-17

     

    

 

(c)      
EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO A JURY TRIAL IN ANY ACTION, SUIT, OR PROCEEDING OF ANY KIND DIRECTLY OR INDIRECTLY
ARISING OUT OF OR IN ANY WAY RELATING TO THESE OPERATING PARAMETERS AND INDEMNITY. THE JURY TRIAL WAIVER CONTAINED IN THESE OPERATING
PARAMETERS AND INDEMNITY IS INTENDED TO APPLY, TO THE FULLEST EXTENT PERMITTED BY LAW, TO ANY AND ALL DISPUTES AND CONTROVERSIES THAT
ARISE OUT OF OR IN ANY WAY RELATE TO ANY OR ALL OF THE MATTERS DESCRIBED IN THE PRECEDING SENTENCE, INCLUDING WITHOUT LIMITATION CONTRACT
CLAIMS, TORT CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS OF ANY KIND. THESE OPERATING PARAMETERS AND INDEMNITY MAY BE FILED
WITH ANY COURT OF COMPETENT JURISDICTION AS A PARTY’S WRITTEN CONSENT TO SUCH PARTY’S WAIVER OF A JURY TRIAL.

 

6.12      
Specific Performance. The Parties hereby agree that irreparable damage would occur in the event that any provision of these Operating
Parameters and Indemnity are not performed in accordance with its specific terms or is otherwise breached, and that money damages or other
legal remedies would not be an adequate remedy for any such damages. Accordingly, the Parties acknowledge and hereby agree that in the
event of any breach or threatened breach by any Party of any of its covenants or obligations set forth in these Operating Parameters and
Indemnity, the other Parties shall be entitled to injunctive relief to prevent or restrain breaches or threatened breaches of these Operating
Parameters and Indemnity by the other, and to specifically enforce the terms and provisions of these Operating Parameters and Indemnity
to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the other under these Operating
Parameters and Indemnity. Each of the Parties hereby agrees not to raise any objections to the availability of the equitable remedy of
specific performance to prevent or restrain breaches or threatened breaches of these Operating Parameters and Indemnity by it, and to
specifically enforce the terms and provisions of these Operating Parameters and Indemnity to prevent breaches or threatened breaches of,
or to enforce compliance with, the covenants and obligations of the other parties under these Operating Parameters and Indemnity.

 

6.13     
Further Assurances. The Parties shall each do, or cause to be done, any such further acts, or execute and deliver, or cause to
be executed and delivered, such further documents as may be reasonably necessary for their respective performance under these Operating
Parameters and Indemnity.

 

		6.14	Administrative Agent.

 

(a) The Indemnitors hereby appoint
Grantee as the Grantee Administrative Agent of the Indemnitors under these Operating Parameters and Indemnity, and each Indemnitor hereby
authorizes the Grantee to act on behalf of each such Indemnitor as its Grantee Administrative Agent in accordance with the terms of these
Operating Parameters and Indemnity. The Grantee hereby agrees to act as the Grantee Administrative Agent of the Indemnitors as set forth
in these Operating Parameters and Indemnity. The Grantor Parties hereby acknowledge and agree that the Grantee is acting as the Grantee
Administrative Agent of the Indemnitors under these Operating Parameters and Indemnity. The Indemnitors may replace the Grantee Administrative
Agent upon written notice to the Grantor.

 

    B-18

     

    

 

(b) Each of Homestake and LAC
Minerals hereby appoints Homestake as Grantor Administrative Agent under these Operating Parameters and Indemnity, and each of Homestake
and LAC Minerals hereby authorizes Homestake to act on behalf of it as the Grantor Administrative Agent in accordance with the terms of
these Operating Parameters and Indemnity. Homestake hereby agrees to act as the Grantor Administrative Agent of Homestake and LAC Minerals
as set forth in these Operating Parameters and Indemnity. Each of Grantee and Guarantor hereby acknowledges and agrees that Homestake
is acting as the Grantor Administrative Agent of Homestake and LAC Minerals under these Operating Parameters and Indemnity.

 

6.15. Benefits of Guarantor.
Guarantor will realize benefits and economic advantages arising from the conduct of Mining Operations at the Mine.

 

    B-19

     

    

 

SCHEDULE I

MINE MAP

 

 

     

     

    

 

 

 

    II-1

     

    

 

SCHEDULE III

DECLARATION OF ENVIRONMETAL DEED RESTRICTIONS

 

(See Attached)

 

    III-1

     

    

 

 

 

     

     

    

 

 

     

     

    

 

     

     

    

 

 

     

     

    

 

 

 

     

     

    

 

 

     

     

    

 

 

EXHIBIT E

ROYALTY DEED

 

(See Attached)

 

    E-1

     

    

 

APN #: N/A (mineral royalty interest)

 

Prepared by:

 

Parsons Behle & Latimer 

201 South Main Street 

Salt Lake
City, Utah 

84111

 (801) 532-1234

 

Mail Tax Statement to: N/A

 

(mineral royalty interest)

 

	 	Space above for County Recorder’s Use

 

Pursuant to South Dakota Codified Laws 43-28-24
thru 43-28-28 inclusive: this Deed does not contain any individual’s personally identifiable information.

 

NET SMELTER RETURNS ROYALTY DEED

 

This Net Smelter Returns Royalty
Deed (this “Deed”), executed to be effective as of [DATE], 2021(“Effective Date”) is from Dakota
Territory Resource Corp, a Nevada corporation, the address of which is 106 Glendale Drive, Suite A, Lead, South Dakota 57754 (“Grantor”),
to Homestake Mining Company of California, California corporation, the address of which is 310 S. Main Street, Suite 1150, Salt Lake City,
Utah 84101 (“Homestake”) and LAC Minerals (USA) LLC, a Delaware limited liability company, the address of which is
310 S. Main Street, Suite 1150, Salt Lake City, Utah 84101 (“LAC Minerals” and together with Homestake the “Grantees”).
Homestake shall act as the “Administrative Agent” for Homestake and LAC Minerals under this Deed. Grantor, Homestake
and LAC Minerals sometimes are referred to in this Deed individually as a “Party” and collectively as the “Parties.”

 

RECITALS

 

A.          
Grantor owns fee property and mining claims (collectively, the “Mining Property”) located in Lawrence County, South
Dakota. The Mining Property is more particularly described in Exhibit A to this Deed.

 

B.           
Pursuant to that certain Asset Purchase Agreement (the “Agreement”) made and entered into as of the Effective Date,
by and among Grantor and Grantees, Grantor is required to execute, acknowledge and deliver to the Administrative Agent for the benefit
of Grantees an instrument granting to Grantees a Net Smelter Returns Royalty on all gold and other minerals of any type produced from
the tailings facility located on the Mining Property and from dumps, waste rock, tailings, residues or stockpiles located on the Mining
Property (collectively referred to as the “Royalty Property”), from and after the Effective Date.

 

C.           
Grantor executes and delivers
this Deed to the Administrative Agent for the benefit of Grantees pursuant to the terms of the Agreement.

 

     

     

    

 

CONVEYANCE

 

1.       Grant
of Royalty.

 

(a) Royalty Percentage.
For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Grantor grants, assigns, conveys
and agrees to pay to the Administrative Agent for the benefit of Grantees, and their respective successors and assigns, forever, a Royalty
equal to 1.0% of Net Smelter Returns (the “Royalty Percentage”), as hereinafter defined and computed, for all gold
and other minerals of any type produced from the Royalty Property, from and after the Effective Date (the “Royalty”),
subject to Section 1(b).

 

(b) No Buy Down. Grantor
will not have the right to buy down all or any portion of the Royalty.

 

2.       Representations
and Warranties.

 

(a) Full Authority. Grantor
represents and warrants that as of the date hereof it has all authority necessary for it to execute and deliver this Deed.

 

(b) No Encumbrances.
Grantor represents and warrants that it has not taken any action by which the Royalty Property, will be subject to a lien or other encumbrance
that will in any way be a lien or other encumbrance on the Royalty.

 

(c) Grantees’ Acceptance.
Each Grantee acknowledges and agrees that this Deed is accepted by such Grantee in satisfaction of Grantor’s obligation to deliver
this Deed pursuant to the Agreement.

 

3.       Definition
of Net Smelter Returns.

 

(a) For Gold Bullion.
 “Net Smelter Returns,” for gold produced from the Royalty Property, and refined by or for Grantor to a form that meets
good delivery standards in the London Bullion Market or comparable terminal market (“Gold Bullion”), will be determined
by multiplying (i) the gross number of troy ounces of Gold Bullion produced from the Royalty Property, and returned to or credited to
Grantor or purchased and paid for by a smelter, refiner, processor, purchaser or other recipient of such bullion during a calendar quarter,
by (ii) the arithmetic average of the London Bullion Market Association P.M. Fixing Price (in United States dollars) reported on its website
for Gold Bullion for the calendar quarter (or should such quotation cease, another similar quotation acceptable to the Administrative
Agent, acting reasonably) calculated by summing the quoted prices reported for each day of the calendar quarter and dividing the sum by
the number of days for which such prices were reported, and (iii) by deducting from the product of (i) times (ii), the Allowable Deductions
permitted in Section 4(a) below.

 

    2 

     

    

 

(b) For Other Products.
For gold and other minerals of any type produced from the Royalty Property, and sold in a crude or intermediate form other than as Gold
Bullion (“Other Products”), Net Smelter Returns will be equal to (i) the actual sales price for the minerals
contained in such Other Products received by Grantor from a smelter, refiner, processor, purchaser or other recipient of such products
during a calendar quarter, less (ii) the Allowable Deductions permitted in Section 4(b) below.

 

(c) Affiliate Transactions.
If Other Products are delivered in kind or sold to an entity which, under the broadest definition, directly or indirectly controls, is
controlled by, or is under common control with Grantor (an “Affiliate”), and are sold by such Affiliate with or without
further processing, Net Smelter Returns will be calculated based on the value of Gold Bullion sold by or credited or returned to the Affiliate
(calculated pursuant to Section 3(a)), or the proceeds actually received by such Affiliate in an arm's length transaction for sale
of Other Products, less Allowable Deductions actually incurred by the Affiliate, and the Gold Bullion or Other Products will be deemed
to have been sold by Grantor, the proceeds will be deemed to have been received by Grantor and the Allowable Deductions will be deemed
to have been made by Grantor for purposes of calculating Net Smelter Returns, in each case as if Grantor had sold (or received or was
credited with) such Gold Bullion or Other Products in an arm’s-length transaction.

 

(d) Insurance Proceeds.
In the event Grantor receives insurance proceeds for gold in Gold Bullion or for gold or other minerals in Other Products lost or damaged,
Net Smelter Returns will equal any such insurance proceeds that are received by Grantor for such loss.

 

4.       Allowable
Deductions.

 

(a) For Gold Bullion.
For gold produced and sold as Gold Bullion, “Allowable Deductions” means, to the extent actually incurred:

 

(i) charges imposed by a smelter
or refinery for refining Gold Bullion from doré or concentrates produced in Grantor’s, or a third party’s, mill or
other processing plant; however, charges incurred by Grantor for processing raw or crushed ore or other preliminary products in Grantor’s
mill or other processing plant shall not be subtracted in determining Net Smelter Returns;

 

(ii) penalty substance, assaying,
and sampling charges imposed on or incurred by Grantor for refining Gold Bullion contained in such production;

 

(iii) charges and costs, if
any, for transportation and insurance of doré or concentrates produced in Grantor’s mill or other processing plant to places
where such doré or concentrates are smelted, refined and/or sold or otherwise disposed of; and

 

(iv) all taxes paid on production
of Gold Bullion, except income tax, including but not limited to, production, severance, sales and privilege taxes and all local, state
and federal taxes that are based on the production of Gold Bullion.

 

    3 

     

    

 

(b) For Other Products.
For gold and other minerals of any type produced and sold in Other Products, “Allowable Deductions” means, to the extent
actually incurred:

 

(i) charges imposed by the
smelter, refiner or other processor for smelting, refining or processing gold and other minerals of any type contained in Other Products,
but excluding any and all charges and costs related to Grantor’s, or a third party’s, mill or other processing plant constructed
for the purpose of milling or processing Other Products;

 

(ii) penalty substance, assaying,
and sampling charges imposed by a smelter, refiner or other processor for smelting, refining, or processing gold and other minerals of
any type contained in Other Products, but excluding any and all charges and costs of or related to Grantor’s mill or other processing
plant constructed for the purpose of milling or processing Other Products;

 

(iii) charges and costs, if
any, for transportation and insurance of the gold and other minerals of any type contained in Other Products and the beneficiated products
thereof from Grantor’s mill or other processing plant to places where such Other Products or the beneficiated products thereof are
smelted, refined and/or sold or otherwise disposed of; and

 

(iv) all taxes paid on production
of the gold and other minerals of any type contained in Other Products, except income tax, including but not limited to, production, severance,
sales and privilege taxes and all local, state and federal taxes that are based on the production of gold contained in Other Products.

 

(c) Custom Facilities.
In the event Grantor carries out smelting, refining or other processing operations to produce Gold Bullion or gold and other minerals
of any type contained in Other Products in facilities owned or controlled, in whole or in part, by Grantor, which facilities were not
constructed for the sole purpose of smelting, refining or processing crude or intermediate products produced from the Royalty Property,
then charges, costs and penalties for such smelting, refining or processing shall mean the amount Grantor would have incurred as “Allowable
Deductions” under Section 4(a)(i) or Section 4(b)(i) above if such smelting, refining or other processing operations
were carried out at facilities not owned or controlled by Grantor, but in no event will such Allowable Deductions be greater than actual
costs incurred by Grantor with respect to such smelting, refining or other processing.

 

5.       Calculating
and Paying Royalty; Reporting.

 

(a) Calculation. The
dollar amount of the Royalties due to Grantees for a calendar quarter will be the product of the sum of the Net Smelter Returns for Gold
Bullion plus the Net Smelter Returns for the gold and other minerals of any type contained in Other Products for such quarter multiplied
by the Royalty Percentage.

 

(b) Payment.
Payment of Royalties for a calendar quarter will be due by the last day of the month following the end of each calendar quarter in
which Gold Bullion or Other Products containing gold and other minerals of any type are sold or returned or credited to Grantor (the
 “Payment Date”). If, for any reason, all information necessary to calculate and make a payment on the Payment
Date is not available, Grantor will make a provisional payment on the Payment Date based on the available information and provide a
final reconciliation for such payment promptly after all needed information becomes available to Grantor. In the event Grantees have
been underpaid in any provisional payment, Grantor will promptly pay the difference to the Administrative Agent for the benefit of
Grantees in cash or other readily available funds and if Grantees have been overpaid in any provisional payment, the Administrative
Agent on behalf of Grantees will promptly pay to Grantor the difference in cash or other readily available funds. All payments of
the Royalties will be made by Grantor to the Administrative Agent for the benefit of Grantees, and will be paid free of any and all
withholding taxes. The Administrative Agent shall be responsible for the allocation of Royalty payments between Grantees.

 

    4 

     

    

 

(c) Detailed Statement.
All payments of Royalty will be accompanied by a detailed statement explaining the calculation thereof together with any available settlement
sheets received by Grantor from the smelter, refiner or other purchaser of Gold Bullion or gold and other minerals of any type contained
in Other Products.

 

6.       Other
Provisions Related to Payment.

 

(a) Hedging Transactions.
All profits and losses resulting from Grantor’s engaging in any commodity futures trading, option trading, or metals trading, or
any combination thereof, and any other hedging transactions including trading transactions designed to avoid losses and obtain possible
gains due to metal price fluctuations are specifically excluded from calculation of Net Smelter Returns and will be solely for Grantor’s
account.

 

(b) Commingling. Grantor
will have the right to commingle, either underground, at the surface, in stockpiles or at a mill, autoclave, roaster or other processing
facility used by Grantor, ore or concentrates, minerals and other material mined and removed from the Royalty Property with ore, concentrates,
minerals and other material mined and removed from other property. Before commingling, the average grade of the commingled materials and
other measures as are appropriate will first be calculated by Grantor from representative samples, and the weight of such materials will
be determined before commingling using practices which will be as good as or better than prevailing industry practices. In obtaining representative
samples, calculating the average grade of the ore and average recovery percentages, the procedures used will be as good as or better than
prevailing industry practices. Representative samples of the materials to be commingled will be retained by Grantor and assays (including
moisture and penalty substances) and other appropriate analyses of these samples shall be retained for a reasonable amount of time, but
not less than 18 months, after receipt by the Administrative Agent of the applicable royalty payment.

 

(c) No Obligation to Mine
or Process. Subject to the Agreement, Grantor will have sole discretion to determine the extent of its operations on or for the benefit
of the Royalty Property and the time or the times for development, mining, stockpiling, processing and selling products produced from
the Royalty Property and the suspension or resumption of any operation with respect thereto. Grantor will have no obligation to Grantees
(in its capacity as the holder of this royalty) or otherwise to mine, explore or to conduct any other operation on any of the Royalty
Property.

 

(d) Lesser
Interest. The Royalty will only be paid on the basis of Grantor’s proportionate share of production of gold and other
minerals of any type from the Royalty Property as the Royalty Property exists as of the Effective Date of this Deed. By way of
illustration, if a portion of the Royalty Property, as of the Effective Date, entitle Grantor to only an undivided 75% interest in
the gold and other minerals of any type produced from such portion of the Royalty Property, then the Royalty will be paid based only
on 75% of the production of gold and other minerals of any type from such portion of the Royalty Property.

 

    5 

     

    

 

7.       Books,
Records, Inspections and Confidentiality.

 

(a) Inspection of Books and
Records. The Administrative Agent will have the right, upon reasonable notice to Grantor, to inspect and copy all books, records,
technical data, information and materials (the “Data”) pertaining to calculation of Royalty payments, including those
with respect to commingling; provided that such inspections will not unreasonably interfere with Grantor’s operations. Grantor
makes no representations or warranties to the Administrative Agent or Grantees concerning any of the Data except that the Data will be
prepared in good faith and the Administrative Agent and Grantees agree that if it elects to rely on any such Data or any other information
made available by Grantor, it does so at its sole risk, except in the event of bad faith or fraud.

 

(b) Audit. The Administrative
Agent will have the right to audit the books and records pertaining to production from the Royalty Property and the calculation of the
Royalty and to contest payments of Royalty for a period of 24 months following receipt by the Administrative Agent for the benefit of
Grantees of each Royalty payment. Each Royalty payment will be deemed conclusively correct unless the Administrative Agent objects to
it in writing within 24 months after receipt of such payment, setting forth in detail the basis for the Administrative Agent’s objection.
If it is finally determined, through agreement by the Parties or following completion of the dispute as set out in Section 7(c)
below, that Grantees have been underpaid in any such payment, then Grantor will promptly pay to the Administrative Agent for the benefit
of Grantees the underpaid amount. In addition, if it is finally determined, through agreement by the Parties or following completion of
the dispute as set out in Section 7(c) below, that Royalty payments for any calendar year are underpaid by more than 5%, then Grantor
will reimburse the Administrative Agent for its reasonable costs incurred in auditing the books and records of Grantor.

 

(c)       Dispute Resolution.

 

(i) If the Administrative
Agent objects to a Royalty payment in a timely manner as set out in Section 7(b) above, then the Parties will meet within 30 days
of Grantor’s receipt of the Administrative Agent’s objection and, acting in good faith, seek to resolve the dispute. If the
Parties fail to resolve the dispute within 30 days of the initial meeting, the dispute will be referred to the respective chief executive
officers (or persons holding analogous positions) of the Administrative Agent and Grantor who will, in good faith, attempt to resolve
the dispute within 21 days of such referral. If the chief executive officers of the Administrative Agent and Grantor are unable to resolve
the matter within such 21-day period, then either the Administrative Agent or Grantor may submit the dispute to a court as provided in
Section (c)(iii) below.

 

    6 

     

    

 

(ii) If the
Administrative Agent objects to the performance by Grantor of any obligation arising under this Deed or of its interpretation, then
the Administrative Agent and Grantor will meet within 30 days of the receipt by the other the Administrative Agent or Grantor, as
applicable, of the objecting Party’s objection and, acting in good faith, seek to resolve the dispute. If the Administrative
Agent and Grantor fail to resolve the dispute within 30 days of the initial meeting, the dispute will be referred to the respective
chief executive officers (or persons holding analogous positions) of the Administrative Agent and Grantor who will, in good faith,
attempt to resolve the dispute within 21 days of such referral. If the chief executive officers of the Administrative Agent and
Grantor are unable to resolve the matter within such 21-day period, then either Party may submit the dispute to a court as provided
in Section (c)(iii) below

 

(iii) Any dispute arising
out of or based upon this Deed or a Royalty payment or may be instituted in the state courts of South Dakota or the federal courts of
the United States, in each case located in Rapid City, South Dakota, and each Party irrevocably submits to the exclusive jurisdiction
of such courts. Service of process, summons, notice or other document delivered by mail to such Party’s address set forth herein
shall be effective service of process for dispute brought in any such court. The Parties irrevocably and unconditionally waive any objection
to the laying of venue of any dispute in such courts and irrevocably waive and agree not to plead or claim in any such court that any
such dispute brought in any such court has been brought in an inconvenient forum.

 

(iv) EACH PARTY HEREBY
IRREVOCABLY WAIVES ALL RIGHTS TO A JURY TRIAL IN ANY ACTION, SUIT, OR PROCEEDING OF ANY KIND DIRECTLY OR INDIRECTLY ARISING OUT OF
OR IN ANY WAY RELATING TO THIS AGREEMENT. THE JURY TRIAL WAIVER CONTAINED IN THIS DEED IS INTENDED TO APPLY, TO THE FULLEST EXTENT
PERMITTED BY LAW, TO ANY AND ALL DISPUTES AND CONTROVERSIES THAT ARISE OUT OF OR IN ANY WAY RELATE TO ANY OR ALL OF THE MATTERS
DESCRIBED IN THE PRECEDING SENTENCE, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT CLAIMS, AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS OF ANY KIND. THIS DEED MAY BE FILED WITH ANY COURT OF COMPETENT JURISDICTION AS A PARTY’S WRITTEN CONSENT TO
SUCH PARTY’S WAIVER OF A JURY TRIAL.

 

(v) Except as otherwise specified
herein, in the event of a dispute arising under this Deed is submitted to court, the prevailing Party will be entitled to payment of its
reasonable attorneys’ fees and costs in litigating the dispute.

 

(d) Inspection of Facilities.
The Administrative Agent will have the right, upon reasonable notice, to inspect the facilities associated with the Royalty Property to
the extent necessary to confirm Grantor’s proper performance of its obligations in this Deed. Such inspection will be at the sole
risk of the Administrative Agent, and the Administrative Agent will indemnify Grantor from any liability caused by the Administrative
Agent's exercise of inspection rights, unless such liability is caused by the gross negligence or intentional acts of Grantor or its employees
or agents.

 

    7 

     

    

 

(e)       Confidentiality.

 

(i) No Party shall, without
the express written consent of the other Parties, which consent may be withheld for any purpose, disclose any non-public information generated
or received under this Deed relating to the calculation of Net Smelter Returns or Grantor’s operations on the Royalty Property or
other property (“Confidential Information”), other than to employees, agents or consultants of the receiving Party
in respect of the administration or enforcement of its rights hereunder and who agree to be bound by the confidentiality provisions of
this Deed (the breach of which shall be deemed to be a breach by the Party).

 

(ii) Any Party may disclose
Confidential Information received from another Party (A) to a prospective lender to whom or to which the Party may, in good faith, grant
a security interest in its interest in the Royalty Property, or (B) to a prospective purchaser of all or part of a Party’s interest
in the Royalty or the Royalty Property, but only, in each case, if the prospective recipient of Confidential Information has executed
a confidentiality agreement that includes confidentiality provisions substantially similar to this subsection.

 

(iii) Confidential Information
may also be disclosed if such disclosure is required for compliance with applicable laws, rules, regulations or orders of any governmental
agency or stock exchange having jurisdiction over a Party, provided, however, that the notice shall have been given to the
non-disclosing Party or Parties of such disclosure as far in advance of such disclosure as is reasonably practicable and the disclosing
Party or Parties ensures that only such information as is necessary to comply with the obligations is disclosed.

 

		8.	General Provisions. 

 

		(a)	Transfers.

 

(i) Grantor may freely transfer
all or any portion of its interest in the Royalty Property so long as such transfer is expressly made subject to the Royalty. If Grantor
transfers all or any portion of its interest in the Royalty Property, Grantor will obtain from the transferee a written acknowledgement
and assumption of the obligations of Grantor under this Deed with respect to the interest so transferred, and promptly provide evidence
of such acknowledgement and assumption to the Administrative Agent. Upon obtaining and delivering such acknowledgment and assumption to
the Administrative Agent, Grantor will thereupon be relieved of all liability for payment of the Royalty with respect to the Royalty Property
transferred for any Royalty that may thereafter arise with respect to such transferred interest, except with respect to any Royalty payments
made prior to the date of transfer, which will continue to be governed by this Deed.

 

(ii) In the event
Grantor desires to mortgage, pledge, encumber or otherwise create a security interest in all or any portion of the products produced
from the Royalty Property, Grantor will cause each agreement, indenture, bond, deed of trust, filing, application or other
instrument that creates or purports to create a lien, mortgage, security interest or other charge secured by any interest in any of
the Royalty Property or such products to include an express agreement and acknowledgement by the parties to such instrument, in form
and substance reasonably satisfactory to the Administrative Agent, that the Royalty is (A) senior in right of payment and collection
from Revenues to any and all obligations created thereby in respect of any of the Royalty Property or such products, and (B) that
the Royalty is an independent interest in the Royalty Property and is not subject to foreclosure pursuant to such mortgage,
encumbrance or other form of security interest.

 

    8 

     

    

 

(iii) Each Grantee may
freely transfer, mortgage, pledge, encumber or otherwise create a security interest in all or any portion of the Royalty, provided
that Grantor will have no obligation to make payments of the Royalty to a transferee until receipt of written notice of the
transfer and a copy of the transferring document. Grantor shall have no right of first offer, right of first refusal, or other
similar right in respect of any transfer by a Grantee of its interest in this Deed or the Royalty created hereunder.

 

(b) No Partnership or Special
Relationship. The relationship of Grantor and each Grantee with respect to the Royalty will not be construed to create, expressly
or by implication, a joint venture, mining partnership, commercial partnership, or other partnership relationship.

 

(c) Certain Definitions.
As used in the Deed, the term “Grantee” and “Grantees” will include all of the successors-in-interest
to such Grantee or the Grantees, and the term “Grantor” will include all of Grantor’s successors-in-interest.

 

(d) Tailings and Other Waste
Material. All tailings, residues, waste rock, spoiled leach materials, and other materials resulting from Grantor’s operations
and activities with respect to the Royalty Property shall be the sole property of Grantor but if Grantor processes such materials in the
future, all gold and other minerals produced from such materials will be subject to the Royalty and the terms of this Deed.

 

(e) Property Interest.
This Deed shall constitute a security agreement for purposes of the Uniform Commercial Code. In addition, Grantor and Grantees intend
that the Royalty will be perpetual and will constitute a presently vested interest in and a covenant running with the Royalty Property
which will inure to the benefit of and be binding upon the Parties and their respective successors and assigns so long as Grantor or any
successor or assign of Grantor holds any rights or interests in the Royalty Property. The Royalty shall attach to any amendments, relocations
or conversions of any mining claim, license, or lease, concession, permit, patent or other tenure comprising the Royalty Property or the
Mining Property on which the Royalty Property is located, or to any renewals or extensions thereof. If Grantor or any affiliate or successor
or assignee of Grantor surrenders, allows to lapse or otherwise relinquishes or terminates its interest in any of the Royalty Property
or the Mining Property on which the Royalty Property is located, and reacquires a direct or indirect interest in the land or minerals
covered by the former Royalty Property or Mining Property on which the Royalty Property is located, then from and after the date of such
reacquisition the Royalty will apply to the Royalty Property so affected. Grantor will give written Notice to the Administrative Agent
within 30 days of any such acquisition or reacquisition. The Parties do not intend that there be any violation of the rule against perpetuities.
Accordingly, any right that is subject to such rule shall be exercised within the maximum time periods permitted under applicable law.

 

    9 

     

    

 

(f) Administrative Agent.
Each of Homestake and LAC Minerals hereby appoints Homestake as its Administrative Agent under this Deed, and each of Homestake and LAC
Minerals hereby authorizes Homestake to act on behalf of it as its Administrative Agent in accordance with the terms of this Deed. Homestake
hereby agrees to act as the Administrative Agent of Homestake and LAC Minerals as set forth in this Deed. Buyer hereby acknowledges and
agrees that Homestake is acting as the Administrative Agent of Homestake and LAC Minerals under this Deed.

 

(g)       Notices.
Any notice, demand or other communication under this Deed (“Notice”) required or permitted to be given or made
under this Deed will be in writing and shall be given to a Party at the address below (i) by courier or recognized overnight
delivery service, or (ii) by registered or certified mail, return receipt requested. All Notices shall be effective and will be
deemed delivered (A) if by courier or recognized overnight delivery service on the date of delivery, (B) if solely by mail on the
day delivered as shown on the actual receipt. A Party may change its address for purposes of Notices from time-to-time by Notice to
the other Party.

 

If to Grantor:

 

Dakota Territory Resource Corporation

106 Glendale Drive, Suite A

Lead, South Dakota 57754

 

If to Grantees:

 

c/o Administrative Agent

301 S. Main Street, Suite 1150

Salt Lake City, Utah 84101

Attn: Michael McCarthy, General Counsel (North America)

email: USLegalNotices@barrick.com

  mmccarthy@barrick.com

 

With a copy to:

 

Barrick Gold of North America Inc.

310 S. Main Street,
Suite 1150

Salt Lake City, Utah 84101

Attn: Michael McCarthy, General Counsel (North America)

email: USLegalNotices@barrick.com

  mmccarthy@barrick.com

 

(h) Section Headings.
The section headings contained in this Deed are inserted for convenience only and do not affect in any way the meaning or interpretation
of this Deed.

 

(i) Amendment. No
amendment of any provision of this Deed will be valid with respect to any Party unless the same shall be in writing and signed by
each Party. No waiver by any Party of any default or covenant hereunder, whether intentional or not, will be deemed to extend to any
prior or subsequent default or covenant or affect in any way any rights arising by virtue of any prior or subsequent occurrence.

 

    10 

     

    

 

(j) Invalidity. If any
term or provision of this Deed is invalid or unenforceable in any situation in any jurisdiction it will not affect the validity or enforceability
of the remaining terms and provisions.

 

(k) Governing Law. This
Deed will be governed by and construed in accordance with the laws of the State of South Dakota without giving effect to any choice or
conflicts of law provision or rule (whether of the State of South Dakota or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of South Dakota.

 

(l) Interpretation. The
Parties have participated jointly in the negotiation and drafting of this Deed. In the event an ambiguity or question of intent or interpretation
arises, this Deed will be construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or
disfavoring either Party by virtue of the authorship of any of the provisions of this Deed.

 

(m) Counting. If the
final day of any period or any date of performance under this Deed falls on a Saturday, Sunday or legal holiday in South Dakota, then
the final day of the period or the date of performance will be extended to the next day that is not a Saturday, Sunday or legal holiday
in South Dakota. For purposes of computing the time for performance of any obligation hereunder, however, Saturday, Sundays and legal
holidays will be included.

 

[Signature Page Follows]

 

    11 

     

    

 

Exempt from Transfer Fee, Mineral Royalty Interest only.

 

Executed by Grantor and Grantees to be effective as of the
Effective Date.

 

	 	GRANTOR:
	 	 
	 	Dakota Territory Resource Corp, a Nevada corporation
	 	 

	 	By:	 

	 	Name:
	 	Title:

 

	 	GRANTEES:
	 	 
	 	Homestake Mining Company of California, a California
corporation

 

	 	By:	 
	 	Name:
	 	Title:

 

	 	LAC Minerals (USA) LLC, a Delaware limited liability company

 

	 	By:	 
	 	Name:
	 	Title:

 

	State of                                                             )	

	 	                              ) ss.

	County of                                                        )	

  

This instrument was acknowledged before
me on __________ ___, 20[__], by [____________] as [________________] of Dakota Territory Resource Corp

 

	 	 

	 	Notary Public in and for the State of	 

	 	Residing at:	 

	 	Commission Expires:	 

 

    12 

     

    

 

	State of                                                             )	

	 	                              ) ss.

	County of                                                        )	

  

This instrument was acknowledged before me on __________
___, 20[__], by [________________] as [____________] of Homestake Mining Company of California.

 

	 	 

	 	Notary Public in and for the State of Utah	 

	 	Residing at:	 

	 	Commission Expires:	 

 

	State of                                                             )	

	 	                              ) ss.

	County of                                                        )	

  

This instrument was acknowledged before
me on __________ ___, 20[__], by [________________] as [____________] of LAC Minerals (USA) LLC.

 

	 	 

	 	Notary Public in and for the State of Utah	 

	 	Residing at:	 

	 	Commission Expires:	 

 

    13 

     

    

 

 

EXHIBIT A

To

Net Smelter Returns Royalty Deed

 

Properties, Property Agreements and Royalties

 

(All Properties are located within T5N, R2E, 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

 

    A-1

     

    

 

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

 

    A-2

     

    

 

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

 

    A-3

     

    

 

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

 

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

 

1.       The Peterson Lease.

Material Contracts

 

	1.	Restated Joint Venture Agreement dated December 2, 1988 between Viable Resources, Inc. and 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).

 

	2.	Easement Agreement dated February 22, 1998 between Timothy Morton and Shirley

 

 

 

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. 

 

    A-4

     

    

 

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.

 

	6.	Pursuant to the Exploration Lease and Purchase Option Agreement dated June 18, 2019 (the “Exploration
and Option Agreement”), among Wharf Resources (U.S.A.) Inc, (“Coeur”), Coeur
Mining Inc., Homestake and LAC Minerals, which Exploration and Option Agreement terminated on September 17, 2021, Coeur has certain access
rights to the Mining Property in order to perform Coeur Reclamation Obligations, including Post-Termination Reclamation Obligations (each
as defined in the Exploration and Option Agreement.

 

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]

 

    A-5

     

    

 

EXHIBIT F

SELLER CLOSING CERTIFICATE

 

HOMESTAKE MINING COMPANY OF CALIFORNIA

SELLER’S CLOSING CERTIFICATE

 

The undersigned, a duly
authorized officer of [Homestake Mining Company of California a California corporation][LAC Minerals (USA) LLC, a Delaware limited
liability company] (“Seller”), does hereby certify pursuant to Section 4(a)(v) of that certain Asset Purchase Agreement
(the “Agreement”) dated [__________], 20__ by and among Seller and the individuals whose names are listed on the
signature page thereto that:

 

1.           
Each of the Seller's representations and warranties set forth in Section 5 of the Agreement are true and correct in all material respects
at and as of the Closing Date (as defined in the Agreement).

 

2.           
The Seller has performed and complied, in all material respects, with all of its covenants set forth in the Agreement through the Closing
(as defined in the Agreement).

 

3.           
No action, suit, or proceeding is pending or threatened before any court or quasi-judicial or administrative agency of any federal,
state, local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or
charge would (A) prevent consummation of any of the transactions contemplated by the Agreement, (B) cause any of the transactions contemplated
by the Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge is in effect),
or (C) adversely affect the right of the Seller to own or dispose of the property as contemplated by this Agreement and the other agreements
contemplated thereby.

 

Dated this [__] day of [_________], 20[__]

 

[Homestake Mining Company of California, a California corporation][LAC
Minerals (USA) LLC, a Delaware limited liability company]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    F-1

     

    

 

EXHIBIT G

PURCHASER CLOSING CERTIFICATE

 

DAKOTA TERRITORY RESOURCE CORPORATION

BUYER’S CLOSING CERTIFICATE

 

The undersigned, a duly authorized officer of Dakota
Territory Resource Corporation (“Buyer”), does hereby certify pursuant to Section 4(b)(vii) of that certain Asset
Purchase Agreement (the “Agreement”) dated [__________], 20[__] by and among Buyer and the individuals whose names are
listed on the signature page thereto that:

 

 1.            
Each of the Buyer’s representations and warranties set forth in Section 6 of the

 

Agreement are true and correct in all material
respects at and as of the Closing Date (as defined in the Agreement).

 

2.           
The Buyer has performed and complied, in all material respects, with all of its covenants set forth in the Agreement through the Closing
(as defined in the Agreement).

 

3.           
No action, suit, or proceeding is pending or threatened before any court or quasi-judicial or administrative agency of any federal, state,
local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge
would (A) prevent consummation of any of the transactions contemplated by the Agreement, (B) cause any of the transactions contemplated
by the Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge is in effect),
or (C) adversely affect the right of the Buyer to purchase the property as contemplated by this Agreement and the other agreements contemplated
thereby.

 

Dated this [__] day of [___________], 20[__]

 

Dakota Territory Resource Corporation, a Nevada corporation

 

	By:	 	 
	Name: 	 	 
	Title: 	 	 

 

    G-1

     

    

 

EXHIBIT B

 

LEGAL DESCRIPTION

 

Properties, Property Agreements and Royalties

 

(All Properties are located within T5N, R2E, 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

 

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

 

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

 

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

 

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

 

1.       The Peterson Lease.

 

Material Contracts

 

	1.	Restated Joint Venture Agreement dated December 2, 1988 between Viable Resources, Inc. and 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).

 

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

 

 

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.

 

     

     

    

 

	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.

 

	6.	Pursuant to the Exploration Lease and Purchase Option Agreement dated June 18, 2019 (the
                                                                  “Exploration and Option Agreement”), among Wharf Resources (U.S.A.) Inc. (“Coeur”), Coeur Mining
                                                                  Inc., Homestake and LAC Minerals, which Exploration and Option Agreement terminated on September 17, 2021, Coeur has certain access rights to the Property in order to perform Coeur Reclamation
Obligations, including Post-Termination Reclamation Obligations (each as defined in the Exploration and Option Agreement).

 

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]

 

     

     

    

 

EXHIBIT C

 

MEMORANDUM OF OPTION

 

Attached.

 

     

     

    

 

 

HOMESTAKE MINING COMPANY OF CALIFORNIA

 

and

 

LAC MINERALS (USA) LLC

 

Optionors

 

and

 

DAKOTA TERRITORY RESOURCE CORP.

 

Optionee

 

 

 

MEMORANDUM OF OPTION

 

 

Dated as of October ___, 2021

 

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, Nevada 89501

Attention: Jeff Faillers 

Telephone: (775) 7825-4300

 

     

     

    

 

Memorandum of Option

 

THIS MEMORANDUM OF OPTION AGREEMENT
("Memorandum") dated as of the ___ day of October 2021, by and among HOMESTAKE MINING COMPANY OF CALIFORNIA, a California
corporation and LAC MINERALS (USA) LLC ("Optionors"), and Dakota Territory Resource Corp., a Nevada corporation ("Optionee").

 

Optionors and Optionee hereby acknowledge the following:

 

1.           
Option to Purchase. For valuable consideration described in that certain Option Agreement for Purchase and Sale of Real
Property, dated as of October ___, 2021 (the "Option Agreement"), Optionors have granted to Optionee the exclusive and
irrevocable option (the "Option") to purchase the fee lands and patented mining claims situated in Lawrence County, South
Dakota, which are more particularly described in Exhibit A attached hereto and made a part hereof, together with any buildings
and other improvements thereon and any and all rights, privileges, easements, accessions, appurtenances, hereditaments, claims, permits
and licenses therein or relating thereto (collectively, the “Property”).

 

2.           
Term. Optionee may exercise the Option anytime during the period commencing on October ___, 2021 and ending on September
7, 2024. Optionee shall have an additional one hundred and twenty (120) days after Optionee's exercise of the Option to close on the purchase
of the Property (the "Term").

 

3.           
Conflicts. 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.

 

4.           
Counterparts. 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.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

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

 

	 	OPTIONORS:
	 	 
	 	HOMESTAKE MINING COMPANY OF CALIFORNIA,
	 	a California corporation
	 	 
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	 
	 	LAC MINERALS (USA) LLC,
	 	a Delaware limited liability company
	 	 
	 	 
	 	OPTIONEE:
	 	 
	 	DAKOTA TERRITORY RESOURCE
	 	CORP., a Nevada corporation
	 	 
	 	 
	 	By:	                      
	 	Name:
	 	Title:

 

     

     

    

 

Optionors Acknowledgment

 

STATE
OF ______________________________ )

      ) ss.:

COUNTY
OF ____________________________ )

 

On the __ day of ____________,
2021 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

 

STATE
OF ______________________________ )

      ) ss.:

COUNTY
OF ____________________________ )

 

On the __ day of ____________,
2021 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

 

     

     

    

 

Optionee Acknowledgment  

 

STATE
OF ______________________________ )

      ) ss.:

COUNTY
OF ____________________________ )

 

 

On the __ day of ____________,
2021 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

 

     

     

    

 

EXHIBIT A

 

LEGAL DESCRIPTION

 

Properties, Property Agreements and Royalties

 

(All Properties are located within T5N, R2E, 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

 

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

 

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

 

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

 

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

 

		1.	The Peterson Lease.

 

Material Contracts

 

		1.	Restated Joint Venture Agreement dated December 2, 1988 between Viable Resources, Inc. and 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).

 

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

 

 

		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.

 

     

     

    

 

		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.

 

		6.	Pursuant
                                            to the Exploration Lease and Purchase Option Agreement dated June 18, 2019 (the “Exploration
                                            and Option Agreement”), among Wharf Resources (U.S.A.) Inc. (“Coeur”),
                                            Coeur Mining Inc., Homestake and LAC Minerals, which Exploration and Option Agreement terminated
                                            on September 17, 2021, Coeur has certain access rights to the Property in order to perform
                                            Coeur Reclamation Obligations, including Post-Termination Reclamation Obligations (each as
                                            defined in the Exploration and Option Agreement).

 

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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