Document:

Exhibit 10.1

         

       

         

      EMPLOYMENT AGREEMENT

       
       

       
      Stephen R. Krallman

       

      THIS EMPLOYMENT AGREEMENT (this “Agreement”) is
          entered into by and between Altisource Asset Management Corporation (“Company” or “Employer”), and Stephen R. Krallman (“Employee”) as of May 24, 2021 (“Effective Date”).
      

       

      WHEREAS, the Employer desires to employ the Employee as Chief Financial Officer and the Employee desires to serve in such
        capacity.

      

         

      NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements hereinafter set forth, Employer and
        the Employee hereby agree as follows:

      

         

      
        1. Employment.

      

      

         

    

    
      (a) Term.  The term of this Agreement shall begin on June 28, 2021 and shall continue until the termination of the Employee’s employment (the “Term”)

    

     

    
      (b) Duties. During the Term, the Employee shall serve as Chief Financial Officer of the Employer and its parent company, Altisource Asset Management Corporation (“Parent”), with duties,
            responsibilities and authority commensurate therewith, and shall report to the Chief Executive Officer and Chairman (“CEO”) of
            Parent. During the Term, the Employee shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to the Employee by the CEO. The
            Employee represents to the Employer that the Employee is not subject to or a patty to any employment agreement, noncompetition covenant, or other agreement that might be alleged to be breached by, or to prohibit the Employee from, executing
            this Agreement and performing fully the Employee’s duties and responsibilities hereunder.
            Furthermore, the Company represents to the Employee that the Company is not subject to or a party to any agreement that prohibits the Company from entering into this agreement with the Employee.

       

      (c) Best Efforts. During the Term, the Employee shall devote his best efforts and substantially all his time and attention to promote the business and affairs of the Employer and its
            affiliated entities, and shall be engaged in other business activities only to the extent that such activities do not materially interfere or conflict with the Employee’s obligations to the Employer and its affiliated entities hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing shall not be construed as preventing the Employee
            from (1) serving on civic, educational, philanthropic or charitable boards or committees, or, with the prior written consent of the Board of Directors of the Employer (“Board”), in
            its sole discretion, on corporate boards, and (2) managing personal investments, so long as such activities are permitted under the Employer’s code of conduct and employment policies and do not violate the provisions of Section 15 below;
            provided that, the activities set forth in the preceding clauses (1) and (2) do not materially interfere or conflict with the Employee’s duties or obligations to the Employer and its affiliated entities and his time commitments with respect
            thereto, as determined by the Board; and provided, however, that the Employee may hold, directly or indirectly, solely as a passive investment, less than five percent (5%) of the outstanding securities of any person or entity which is listed on
            any national securities exchange.

       

      (d)  Principal

              Place of  Employment. The Employee understands and agrees that his principal place of employment will be at the Employer’s office in Christiansted, USVI 00820 and that the Employee will be required to travel for business activities
            related to Company in the course of performing his duties for the Employer.

       

      
        2. Compensation.

      

       

      (a) Base Salary. During the Term, the Employer shall pay the Employee a base salary (“Base Salary”), at the
            annual rate of $325,000, which shall be paid in installments in accordance with the Employer’s normal payroll practices. The Employee’s Base Salary shall be reviewed annually by the Board pursuant to the normal performance review policies for
            senior-level executives and may be adjusted from time to time as the Compensation Committee of the Board (the “Compensation Committee”) deems appropriate and shall not be reduced except as part of an across
            the board reduction in Base Salary of the Employer’s executives which is no more than 20%. The Compensation Committee may take any actions of the Board pursuant to this Agreement.

       

    

    
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      (b) Annual Bonus: Signing Bonus.

    

     

    (1) The
          Employee shall be eligible to receive an annual bonus for each fiscal year that ends during the Term, commencing with the fiscal year 2021, based on the attainment, as determined by the Board in its sole discretion, of
            individual and corporate reasonable performance goals and targets established by the Board in its sole discretion (“Annual Bonus”) The target amount of the Employee’s Annual Bonus for any fiscal year during the Term shall be $275,000, and Employee shall be eligible to earn an Annual Bonus up to 200% of the Base Salary. Any Annual Bonus shall be paid after the end of the fiscal year to which it relates, at the same time and under the same terms and conditions as the bonuses for other executives employed by the Employer; provided that, to earn and be paid any Annual Bonus in respect of a given fiscal year, the Employee must
        remain employed by the Employer on the last day of the fiscal year to which the Annual Bonus relates, and provided further that in no event shall the Employee’s Annual Bonus (if earned and
        payable) be paid later than the fifteenth day of the third month following the last day of the fiscal year to which the Annual Bonus relates. The Annual Bonus shall be subject to the terms of any annual bonus plan that is applicable to other executives of the Employer, except as otherwise provided in this Section 2(b).

     
     

     
    (2) In addition, the Employee acknowledges the receipt of a signing bonus in the amount of $200,000 (the “Signing Bonus”). If within the first year after June 28, 2021, the Employee’s
        employment is terminated by the Employee without Good Reason (as defined below) or by the Employer for Cause (as defined below), the Employee shall promptly repay to the Employer the amount of the Signing

        Bonus paid to the Employee by the Company, and if within the second year after June 28,
            2021, the Employee’s employment is terminated by the Employee without Good  Reason
            or by the Employer for Cause, the Employee shall immediately repay to the Employer fifty percent (50%) of the amount of the Signing Bonus paid to the Employee by the Company. For the avoidance of doubt, the amounts the Employee is required to repay pursuant to the preceding sentence are the entire amount of the Signing Bonus paid by the Company, or fifty percent (50%) of such amount less any taxes paid by the Employee.
    

     

    (c) Equity Compensation. As soon as reasonably practicable, the Employer shall grant the Employee the following equity award (the“Inducement Award”) pursuant to the Altisource Asset Management Corporation 2021 Equity Incentive Plan (the “Equity Plan”). The Employer shall grant the Employee 5,000
          restricted shares of Parent’s stock, subject to the terms of the Equity Plan as if issued thereunder and subject to the terms of the award agreement established by the Compensation Committee in connection therewith (the “Restricted Shares”). The Restricted Shares shall vest in
          three equal installments, on the first three anniversaries of June 28,
          2021, provided that the Employee remains employed by and in good standing with the Employer or any subsidiary of the Employer through the applicable vesting date. Employee shall be eligible for additional grants under the Equity Plan as
          determined by the Board.

     

    
      3. Supplemental Living Expenses. Upon the Employee’s relocation to Christiansted, USVI, during the Term, the Employer shall pay the Employee $5,000 per month for living expenses.

    

     
    

       

    4.  Retirement and Welfare Benefits. During the Term, the Employee shall be eligible to participate in any health, life insurance, long-term disability, retirement and welfare benefit plans and programs sponsored by the Employer, in each case as may be generally available to senior
            executives of the Employer, pursuant and subject to the plans’ and programs’ respective terms and conditions as in effect from time to time. Nothing in this Agreement shall preclude the Employer from terminating or amending any employee
          benefit plan or program from time to time after the Effective Date.

     

    5. Vacation. During the Term, the Employee shall be entitled to at least five (5) weeks of vacation (i.e., twenty-five (25) paid
          vacation days) each year and holiday and sick leave at levels commensurate with those provided to other senior executives of the Company, in accordance with the Employer’s vacation, holiday
          and other pay-for-time-not-worked policies.

     

    
      6. Business and Other Expenses. The Employer shall
          reimburse the Employee for all necessary and reasonable travel and other business expenses incurred by the Employee in the performance of his duties hereunder in accordance with such policies and
            procedures as the Employer may adopt generally from time to time for executives, including the Employee’s reasonable, pre approved expenses to review this Agreement prior to executing it.

    

     

    
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    7. Termination Without Cause; Resignation for Good Reason. The Employer may terminate the Employee’s employment at any time without Cause, as defined herein. The
            Employee may initiate a termination of employment by resigning for Good Reason. Upon termination by the Employer without Cause or
            resignation by the Employee for Good Reason, the Employee shall be entitled to receive any accrued but unpaid Base Salary, prorated Annual Bonus based on the prior year’s Annual Bonus, and business or other expenses incurred up to the date of termination and reimbursable pursuant to Section
        6, and any benefits accrued and due under any applicable benefit plans and programs of the Employer, including any vested Restricted Shares (“Accrued Obligations”), with such Accrued Obligations paid regardless of whether the Employee executes or revokes a written Agreement and Release (as defined below). In addition, in the event that the Employee is terminated without
        Cause by the Employer or resigns for Good Reason, the Employer shall deliver to the Employee within five (5) days of such termination or resignation an
        Agreement and Release and in consideration for the Employee’s compliance with the undertakings set forth in Section !5(a) and in the other provisions of
        Section 15, if the Employee executes and delivers to the Company the Agreement and Release within fifty (50) days of the Employee’s termination of
        employment, and does not revoke such Agreement and Release such that it becomes effective by its terms prior to the sixtieth (60th) day following the
        Employee’s termination of employment, the Employee shall be entitled to receive, in lieu of any payments under any severance plan or program for employees
        or executives, the following (collectively, the “Separation Pay and Benefits”) 

     

    (a) a cash payment equal to one-half(0.5) times the Employee’s annual Base Salary as in effect on the termination date, plus one-half (0.5) times the Employee’s target Annual Bonus, with the sum of those two amounts payable in a
          lump sum within sixty (60) days following the Employee’s termination date;

     

    (b) reimbursement in cash equal to 100% of the COBRA premiums incurred by the Employee for the Employee and his eligible dependents under the Employer’s health plans during the six (6) month period following the Employee’s
          termination of employment. Such reimbursement shall be provided on the payroll date immediately following the date on which the Employee remits the applicable premium payment and provides proof of payment to the Company, and shall commence within
          sixty (60) days after the Employee’s termination date; provided that the first payment shall include any reimbursements that would have otherwise been payable during the
          period beginning on the Employee’s termination date and ending on the date of the first reimbursement payment. To the extent required by law, reimbursement payments pursuant to this Section
          7(b) shall be treated as taxable compensation to the Employee;

    

       

    (c) accelerated vesting of any Restricted Shares granted pursuant to Section 2(c) that remain unvested as of the date of the Employee’s termination of employment, subject to the terms
            and conditions of the Equity Plan, including the minimum vesting provisions set forth therein, and the applicable grant agreement, including all vesting provisions therein; and

     

    
      (d) the Employer shall have no additional obligations to the Employee.

    

    

       

    8. Cause. The Employer may terminate the Employee’s employment at any time for Cause upon written notice to the Employee, in which event all payments under this Agreement shall cease, except

          for any Accrued Obligations, and Employer shall have no additional obligations to the Employee. 

     

    
      9. Voluntary Resignation Without Good Reason. The Employee
          may voluntarily terminate employment without Good Reason upon written notice to the Company. In such event, after the effective date of such termination, no payments shall be due under this Agreement, except that the Employee shall be entitled to any Accrued Obligations. In the event the Employee provides advance notice
          of any such termination by the Employee without Good Reason, the Employer may, in its
            discretion, accelerate the effective date of such termination or relieve the Employee of the Employee’s duties or responsibilities (in whole or in part) and any such acceleration or relief of duties shall not constitute a termination by
          the Company or be treated as a termination by the Company without Cause, shall not constitute grounds or circumstances for the Employee to assert or terminate the Employee’s employment for Good
            Reason, and shall not entitle or render the Employee eligible for the Separation Pay and Benefits.

    

     

    10. Disability. If the Employee incurs a Disability during the Term, the Employer may terminate the Employee’s employment on or
          after the date of Disability. If the Employee’s employment terminates on account of Disability, the Employee shall be entitled to receive any Accrued Obligations and employment termination on account of Disability shall be considered a resignation for Good Reason, triggering the Separation Pay and Benefits pursuant to Section 7 subject

            to the Employee’s timely execution, delivery and non revocation of the Agreement and Release. For purposes of this Agreement, the term “Disability” shall mean the Employee is
          eligible to receive long-term disability benefits under the Employer’s long-term disability plan or, if the Employer does not have a long-term disability plan, the Employee is unable to perform the
            essential functions of his job, with or without any reasonable accommodation required by applicable law, for 120 days in any 180-day period.

     

    
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    11. Death. If the. If the Employee dies during the Term, the Employee’s employment shall tem1inate on the date of death and the Employer
          shall pay to the Employee’s executor, legal representative, administrator or designated beneficiary, as applicable, any Accrued Obligations.
        Otherwise, the Employer shall have no further liability or obligation under Ibis Agreement to the Employee’s executors, legal
          representatives, administrators, heirs or assigns or any other person claiming under or through the Employee. For the avoidance of doubt, in the event of such termination, the Employee shall not be eligible to receive the Separation Pay
        and Benefits pursuant to Section 7. 

     

    12. Resignation of Positions. Effective as of the date of any termination of employment, the Employee will resign from all Company-related positions, including as an officer and director of the Company.

     

    
      13. Definitions. For purposes of this Agreement, the
          following terms shall have the following meanings: 

    

     

    (a) “Cause” shall be determined by the Board in good faith, and shall mean the Employee’s (1) material breach of this Agreement, particularly and including, but not
          limited to, any breach of the confidentiality, non-solicitation, or noncompetition and inventions assignment provisions of the Agreement; (2) willful or grossly negligent conduct (including,
          but not limited to, fraud or embezzlement), which was not done at the direction of the Board, in connection with his employment, which conduct in the reasonable determination of the Board has had or
            will have a material detrimental effect on the Employer’s business; (3) commission of an act of dishonesty, fraud, embezzlement or theft; (4) engagement in conduct that causes, or is likely to cause, material damage to the property,
          business or reputation of the Employer; (5) failure to perform or refusal to perform the material duties of the Employee’s position (other than by reason of Disability) after receipt of a written warning from the Board; (6) commission or conviction of, or plea of guilty or nolo contendere to, (x) a felony, or (y) any crime involving
          fraud, deceit or moral turpitude; or (7) failure to materially comply with the Employer’s code of conduct or employment policies (including, but not limited to, any policy regarding equal employment

            opportunity, discrimination, sexual or other form of harassment, or retaliation).

     

    (b) "Agreement and Release" shall mean a separation agreement and general release of any and all claims against the Employer and all related entities, persons and parties with respect to all matters arising out of the Employee's employment by the Employer, and the termination thereof
            (other than claims for any entitlements under the terms of this Agreement or under any plans or programs of the Employer under which the Employee has accrued and is due a benefit), in the
        form provided by the Company. 

     

    (c) For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following, in each case during the Term without the Employee's written consent:

     

    (i) any material reduction in the Employee's Base Salary, except as part of an across-the-board reduction in Base Salary of the Employer's "chief' level officers of no more than twenty percent (20%);

     

    (ii) any material breach by the Company of any material provision of this Agreement or any material provision of any other agreement between the Employee and the Employer;

     

    
      (iii) any requirement that Employee relocate more than 50 miles from Christiansted, USVI, without the Employee's consent; or 

    

     

    (iv) the Employer's failure to obtain an agreement from any successor to Employer to assume and agree to perform this Agreement in
            the same manner and to the same extent that Employer would be required to perform if no succession had taken place, except where such assumption occurs by operation of law; or

     

          

    The Employee cannot terminate employment for Good Reason unless the Employee (x) has
      provided written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within thirty (30) business days
        of the initial existence and Employee's knowledge of such grounds, (y) the Company has had at least thirty (30) business days from the date on which such notice is provided to cure such circumstances and has failed to cure such circumstances, and (z) if not cured by the Company, the Employee terminates the Employee's employment within 30 days after the end of the 30-day cure period. If the Company cures the circumstances constituting Good Reason prior the end of the 30-day cure period. Good Reason shall be deemed not to have occurred.

     

    
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    14. Section 409A. 

     

    (a) This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") and regulations and other applicable guidance thereunder
            (together, "Section 409A"), or to qualify for an exemption thereto.
            Payment under this Agreement that are subject to Section 409A may only be made upon an event or events and in a manner permitted by Section 409A.   Severance benefits under this Agreement are intended to be exempt from Section 409A under the "short-term defenaJH exception, to the maximum extent applicable, and then under the "separation pay" exception, to the maximum extent applicable. Notwithstanding anything in this Agreement to the contrary, if
          required by Section 409A, if the Employee is considered a "specified employee" for purposes of Section 409A and if payment of any amounts under this Agreement is required to be delayed for a period
            of six months after the Employee's separation from service, as defined in Section 409A, payment of such amounts shall be delayed as required by Section 409A, and the accumulated amounts shall be paid to the Employee in a lump-sum
          payment within 10 days after the end of the six-month period.   If the Employee dies during the postponement period prior to the payment of benefits, the amounts withheld on account of Section 409A shall be paid to the personal representative of
          the Employee's estate within sixty (60) days after the date of the Employee's death.

     

    (b) All payments to be made upon a termination of employment under this Agreement that are subject to Section 409A may only be made upon a "separation from service" of the Employee

          from the Employer under Section 409A of the Code. For purposes of Section 409A, each payment hereunder shall be treated as a separate payment, and the right to a series of installment payments under
            this Agreement shall be treated as a right to a series of separate payments. In no event may the Employee, directly or indirectly, designate the fiscal year of a payment. Notwithstanding
            any provision of this Agreement to the contrary, in no event shall the timing of the Employee's execution of the Agreement and Release, directly or indirectly, result in the Employee's designating the fiscal year of payment of any
          amounts of deferred compensation subject to Section 409A, and if a payment that is subject to execution of the Agreement and Release could be made in more than one taxable year, payment shall be made in the later taxable year.

     

    (c) All taxable reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement be for expenses incurred during the period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a fiscal year not affect the expenses eligible for
            reimbursement, or in- kind benefits to be provided, in any other fiscal year, (iii) the reimbursement of an eligible expense be made no later than the last day of the fiscal year following the year in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits not be subject to liquidation or exchange for another benefit.

     

    15. Restrictive Covenants. In consideration of the premises and of the mutual covenants and agreements herein set forth, including without limitation Employee's employment and compensation hereunder, including the Inducement Award,
            and the Employer's provision to the Employee of access to the Employer's business goodwill and Proprietary Information (as defined below):

     

    (a)  Noncompetition. The Employee agrees that during the Employee's employment with the Company and the twelve (12) month
          period following the date on which the Employee's employment terminates for Cause or without Good Reason, the Employee will not, without the Board's express written consent, engage (directly or
            indirectly) in any Competitive Business in the United States. The term "Competitive Business" means entity or person that is engaged in a business that is the same as or substantially similar
          to the business conducted by the Company during the Employee's employment, specifically, the purchase of short term construction loans, mortgage servicing
            rights, and assets which are derivates of these Competitive Business does not include an investment banking business in a field that is unrelated to real estate. The Employee understands and agrees that, given the nature of the business
          of the Company and the Employee's position with the Company, the foregoing geographic scope is reasonable and appropriate.

     

    
      (b) Non-solicitation of Company Personnel. The Employee agrees that during the twelve  (12) month period following the date on which the Employee's employment terminates for any reason (the "Restriction Period"), the
          Employee wiU not, either directly or through others, hire or attempt to hire any employee, consultant or independent contractor of the Company, or solicit or attempt to solicit any such person to change or terminate his or her relationship with
          the Company or otherwise to become an employee, consultant, volunteer or independent contractor to, for or of any other person or business entity, unless more than twelve (12)
          months shall have elapsed between the last day of such person's employment or service with the Company and the first day of such solicitation or hiring or attempt to solicit
          or hire.

    

     

       

    
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    (c) Nonsolicitation of Clients and Customers. The Employee agrees that during the Restriction Period, the Employee will not, either directly or through others, accept
          solicit, divert or appropriate, or attempt to accept, solicit, divert or appropriate, any client or customer or actively sought prospective client or customer of the Company for the purpose of providing such client or customer or actively sought prospective client or customer with
          services or products competitive with those offered by the Company during the Employee's employment with the Company. 

     

    (d) Proprietary Information. At all times, the Employee will hold in strictest confidence aud will not disclose or
          use any of the Proprietary Information (defined below) of the Company, except as such disclosure or use may he required in connection with the Employee's work for the Company or as described
          in Section 15(e) below, or unless the Company expressly authorizes such disclosure in writing. "Proprietary Information" shall mean any and all confidential and/or proprietary knowledge, data or information of the Company and its shareholders, including but not limited to information relating to financial matters, investments, budgets, business plans,marketing

        plans, personnel matters, business contacts, products, processes, know-how, designs, methods, improvements, discoveries, inventions, ideas, data, programs, and other works of authorship. However, Proprietary Information shall not include any information which (1) is generally known to the public or to the industry on the Effective Date; (2) becomes generally known to the public or in the relevant
        industry through no fault on Employee; or (3) was already known to Employee, lawfully and not in violation of any third party's obligation of confidentiality, prior to Employee's employment by Company. In the event of subpoena or other litigation which arises after the termination of this Agreement, Employee may disclose any Proprietary Information as required by law; provided, however, that Employee will provide Company with reasonable notice and make a
        reasonable effort to obtain a protective order. 

     

    (e) Reports to Government Entities.   Nothing in this Agreement shall prohibit or restrict the Employee from initiating communications directly with, responding to any
          inquiry from, providing testimony before, providing confidential information to, reporting possible violations of law or regulation to, or filing a claim or assisting with an investigation directly with a self• regulatory authority or a
          government agency or entity, including the Equal Employment Opportunity Commission, the Department of Labor, the National Labor Relations Board, the Department of Justice, the Securities and Exchange
            Commission, Congress, any agency Inspector General or any other federal, state, territorial or local regulatory authority (collectively, the "Regulators"), or from making other disclosures that are protected under the whistleblower provisions of state or
          federal law or regulation. The Employee does not need the prior authorization of the Employer to engage in conduct protected by this subsection, and the Employee does not need to notify the Employer that the Employee has engaged in such conduct.
          Please take notice that federal law provides criminal and civil immunity to federal and state claims for trade secret misappropriation to
        individuals who disclose trade secrets to their attorneys, courts, or government officials in certain, confidential circumstances that are set forth at 18 U.S.C. §§ 1833(b)(l) and
        1833(b)(2), related to the reporting or investigation of a suspected violation of the law, or in connection with a lawsuit for retaliation for reporting a suspected violation of the law. 

     

    (f) Inventions Assignment. The Employee agrees that all inventions, innovations, improvements, developments, methods,
            designs, analyses, reports, and all similar or related information which relates to the Company's actual or anticipated business, research and development or existing or future products or services and which are conceived, developed or made

          by the Employee while employed by the Company ("Work Product") belong to the Company. The Employee will promptly disclose such Work Product to the Board and perform all actions
          reasonably requested by the Board (whether during or after the Term) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and
          other instruments).   If requested by the Company, the Employee agrees to execute any inventions assignment and confidentiality agreement that is required to be signed by employees of the Employer generally.

     

    (g) Return of Company Property and Post-Termination Cooperation.
          Upon termination of the Employee's employment with the Employer for any reason, and at any earlier time Employer requests, the Employee will deliver to the person designated by the Employer all originals and copies of all documents and property
          of the Employer that is in the Employee's possession or under the Employee's control or to which the Employee may have access. The Employee will not reproduce or appropriate for the Employee's own
            use, or for the use of others, any property, Proprietary Information or Work Product. Following any termination of Employee's employment for any reason, Employee will reasonably cooperate with Company to assist with existing or future investigations, proceedings, litigation, depositions, subpoenas, or examination involving the Company. For each day, or part thereof, that Employee provides assistance to Company as
          contemplated hereunder, Company shall pay Employee an amount equal to (x) divided by (y), where (x) equals the sum of Base Salary earned immediately prior to termination of Employee's
          employment, and (y) equals 200. In addition, Company will reimburse Employee for reasonable out-of-pocket travel, lodging and other incidental expenses Employee incurs in providing such assistance. If travel is requested by the Company, Employee shall make reasonable good faith efforts to travel to such locations as the Company may reasonably request 

    

       

    
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    (h)  Non-Disparagement. The Employee covenants and agrees that, except as set forth in Section 15(e) above, during the Term, and following termination of the Term, the
          Employee shall not make any disparaging remarks or communications, written or oral, regarding the Employer or its services, products, brands, trademarks, directors, officers, employees, consultants,
            advisors, licensors, licensees, customers, vendors or others with which it has a
            business relationship. The Employer covenants and agrees that during the Term, and following termination of the Term, the Employer shall not authorize any person to make to any person who
            is not an officer, employee, consultant, advisor or affiliate of the Company, any disparaging remarks or communications, written or oral, regarding the Employee.

     

    
      16. Legal and Equitable Remedies; Arbitration.

    

     

    (a) Because the Employee's services are personal and unique and the Employee has had and will continue to have access to and has become and will continue to become acquainted with the Proprietary
          Information of the Company and its affiliates, and because any breach by the Employee of any of the restrictive covenants contained in Section 15 would result in irreparable injury and damage
          for which money damages would not provide an adequate remedy, the Company shall have the right to enforce Section 15 and any of its provisions by injunction, specific performance or other equitable relief, without bond and without prejudice to
          any other rights and remedies that the Company may have for a breach, or threatened breach, of the restrictive covenants set forth in Section 15.   The Employee agrees that in any action in which the Company seeks injunction, specific performance or other equitable relief, the Employee will not assert or contend that any of the provisions of Section 15 are unreasonable or otherwise unenforceable. 

     

    (b) Except as otherwise set forth in this Agreement in connection with equitable remedies, any dispute, claim or controversy arising out of or relating to this Agreement or the Employee's

          employment with the Company (collectively, "Disputes"), including, without limitation, any dispute, claim or controversy concerning the
            validity, enforceability, breach or termination of this Agreement, if not resolved by the parties, shall be finally settled by arbitration in accordance with the then-prevailing Employment Arbitration Rules and Procedures of the American Arbitration Association ("AAA"), as modified herein ("Rules"). Further, the Employee hereby waives any right to bring on behalf of persons other than the Employee, or to otherwise participate with other persons in, any class, collective, or representative action (including but not limited to any representative action under any federal, state or local statute or ordinance).

          The requirement to arbitrate covers all Disputes (other than disputes which by statute are not arbitrable) including, but not limited to, claims, demands or actions under the Age Discrimination

          in Employment Act (including Older Workers Benefit Protection Act); Americans with Disabilities Act; Civil Rights Act of 1866; Civil Rights Act of 1991; Employee Retirement Income Security Act of 1974; Equal Pay Act; Family and Medical Leave Act
          of 1993; Title VII of the Civil Rights Act of 1964; Fair Labor Standards Act; Fair Employment and Housing Act; any other law, ordinance or regulation regarding discrimination or harassment or any
            terms or conditions of employment; and any claim under tort, contractual, statutory, or constitutional law. There shall be one arbitrator who shall be jointly selected by the parties. If the parties have not jointly agreed upon an
          arbitrator within twenty (20) calendar days after respondent's receipt of claimant's notice of intention to arbitrate, either party may request AAA, or such other arbitration provider as to which the
            parties agree, to furnish the parties with a list of names from which the parties shall jointly select an arbitrator. If the parties have not agreed upon an arbitrator within ten
          (10) calendar days after the transmittal date of such list, then each party shall have an additional five (5) calendar days in which to strike any names objected to, number the remaining names in
            order of preference, and return the list to AAA, or such other arbitration provider as to which the parties agree, which shall then select an arbitrator in accordance with the Rules. The place of arbitration shall be the United States
          Virgin Islands. By agreeing to arbitration, the parties hereto do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction, including, without limitation, with respect
            to the provisions of Section 15. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16. The determination as to arbitrability shall be made by the arbitrator. A party who files in court a claim that is
          subject to arbitration hereunder shall, upon request by the other party, immediately withdraw or dismiss such claim. Judgment upon the award of the arbitrator may be entered in any court of
          competent jurisdiction. The arbitrator shall: (a) have authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be available under
          applicable law in a court proceeding; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as to each claim, the reasons
            for the award, and the arbitrator's essential findings and conclusions on which the award is based. The Company shall pay all administrative fees of AAA, or such other arbitration
        provider as to which the parties agree, in excess of $435 (a typical filing fee in court) and the arbitrator's fees and expenses. Each party shall bear its, his or her own costs and expenses (including
          attorney's fees) in any such arbitration and, at the conclusion of the arbitration, the arbitrator shall have the power to award to the prevailing party any and all costs and expenses
          incurred with respect to such arbitration, including without limitation, reasonable attorneys' fees, disbursements and costs. The prevailing party shall be determined based upon an assessment of which party's arguments or positions could fairly be said to have prevailed over the other party's arguments or positions on major disputed issues in the arbitration. Such assessment should include evaluation of the following: the amount of the net recovery; the primary issues disputed by the parties; whether the amount of the award comprises a significant percentage of the amount sought by the claimant; and the most recent settlement positions of the parties. In the event any portion of this arbitration provision is found unenforceable by a court
          of competent jurisdiction, such portion shall become null and void leaving the remainder of this arbitration provision in full force and effect. The parties agree that all information regarding the arbitration, including any settlement
        thereof, shall not be disclosed by the parties hereto, except as otherwise required by applicable law. 

    
       

    

    
      7

      
        

    

    (c) In the event that a party seeks injunctive relief in aid of an arbitration, or if for any reason arbitration is unavailable,
            or if the Company seeks injunctive relief pursuant to Section 16(a) of this Agreement, the Employee irrevocably and unconditionally (1) agrees that any legal proceeding arising out of this Agreement shall be brought solely in the United
          States District Court for the United States Virgin Islands, or if such court does not have jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in the United
          States Virgin Islands, (2) consents to the exclusive jurisdiction of such court in any such proceeding, and (3) waives any objection to the laying of venue of any such proceeding in any such
          court. The Employee also irrevocably and unconditionally consents to the service of any process, pleadings, notices or other papers.

     

    (d) Notwithstanding anything in this Agreement to the contrary, if the Employee's employment has been terminated without Cause or the Employee has resigned for Good Reason and the Employee then breaches any of the Employee's
          obligations under Section 15, the Company shall be obligated to provide to the Employee only the Accrued Obligations and any Separation Pay and Benefits being paid, made or provided to or on behalf of Employee under Section 7 hereof shall cease,
          and the Company may require that the Employee repay all amounts theretofore paid to him pursuant to Section 7 hereof(other than the Accrued Obligations), and in such case, the Employee shall promptly repay such amounts on the terms determined by
          the Company.

     

    17. Survival. The respective rights and obligations of the parties under this Agreement (including, but not limited to, under Sections 15 and 16) shall survive any termination of the Employee's employment or termination or expiration of this Agreement to the extent necessary to the intended preservation of such rights and obligations.

     

    18. No Mitigation or Set-Off. In no event shall the Employee be obligated to
          seek other employment or take any other action by way of mitigation of the amounts payable to the Employee under any of the provisions of this Agreement, and such amounts shall not be reduced regardless of whether the Employee obtains other
          employment. The Company's and the Employer's obligations to make the payments provided for in this Agreement and otherwise to perform their respective obligations hereunder shall not be
          affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company or the Employer may have against the Employee or
          others.

     

    19. Section 280G. In the event of a change in ownership or control of the Company under Section 280G of the Code, if it shall be determined that any payment or distribution in the nature of
          compensation (within the meaning of section 280G(b)(2) of the Code) to or for the benefit of the Employee, whether paid or payable or distributed or distributable pursuant to the terms of this
            Agreement or otherwise (a "Payment"), would constitute an "excess parachute payment" within the meaning of Section 280G of the Code, the aggregate present value
          of the Payments under this Agreement shall be reduced (but not below zero) to the Reduced Amount (defined below) if and only if the Accounting Firm (described below) determines that the reduction will provide the Employee with a greater net
          after-tax benefit than would no reduction. No reduction shall be made unless the reduction would provide Employee with a greater net after-tax benefit. The determinations under this Section shall be made as follows:

     

    (a) The "Reduced Amount" shall be an amount expressed in present value which maximizes the aggregate present value of Payments under this Agreement without causing any Payment under this Agreement to be subject to the
          Excise Tax (defined below), determined in accordance with Section 280G(d)(4) of the Code. The term "Excise Tax" means the excise tax imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax.

     

       

    
      8

      
        

    

    (b) Payments under this Agreement shall be reduced on a nondiscretionary basis in such a way as to minimize the reduction in the economic value deliverable to the Employee. Where more
            than one payment has the same value for this purpose and they are payable at different times, they will be reduced on a pro rata basis.   Only amounts payable under this Agreement shall be
            reduced pursuant to this Section.

     

    (c) All determinations to be made under this Section shall be made by an independent certified public accounting firm selected by the Company and agreed to by the Employee immediately
            prior to the change-in-ownership or -control transaction (the "Accounting Firm"). The Accounting Firm shall provide its
          determinations and any supporting calculations both to the Company and the Employee within ten (10) days of the transaction. Any such determination by the Accounting Firm shall be binding upon the Company and the Employee. All of the fees and expenses of the Accounting Finn in performing the determinations referred to in this Section shall be borne solely by the Company or the Employer.

     

    20. Notices. All notices and other communications required or permitted under this Agreement or necessary or convenient in connection herewith
            shall be in writing and shall be deemed to have been given when hand delivered, or delivered by FEDEX or similar overnight courier service, as follows (provided that notice of change of
            address shall be deemed given only when received):

     

    If to the Company or the Employer, to:

    

       

    c/o Altisource Asset Management Corporation

    5100 Tamarind Reef

    Christiansted, VI 00820

    Attn: Chair of the Compensation Committee 

     

       

    With a copy (which shall not constitute notice) to:

     

    Doug Flaum

    Goodwin Procter LLP

    620 Eight Avenue, New York, NY 10018

    Dflaum@goodwinlaw.com

    

       

    If to the Employee, to the most recent address on file with the Employer or to such other names or addresses as the Employer, or the Employee, as the
      case may be, shall designate by notice to each other person entitled to receive notices in the matu1er specified in this Section. During the Term, any notice or other communications to the Employee shall
        be sufficient if in writing and delivered via email to the Employee's applicable Company email address.

     

    21. Withholding. All payments under this Agreement shall be made subject to applicable tax withholding, and the Employer shall withhold from any payments under this Agreement all federal, state, territorial and local taxes as the Employer is required to withhold pursuant to any law or governmental rule or regulation. The Employee shall bear all expense of, and be solely
          responsible for, all federal, state, territorial and local taxes due with respect to any payment received under this Agreement.

     

    22. Remedies Cumulative; No Waiver. No remedy conferred upon a party by this Agreement is intended

            to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given under this Agreement or now or hereafter existing
            at law or in equity. No delay or omission by a party in exercising any right, remedy

            or power under this Agreement or existing at law or in equity shall be construed as a waiver thereof, and any such right, remedy or power may be exercised by such party from time to time and
            as often as may be deemed expedient or necessary by such party in its sole discretion.

     

    23. Assignment. All of the terms and provisions of this Agreement shall be binding upon and inure

            to the benefit of and be enforceable by the respective heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of the Employee under this
          Agreement are of a personal nature and shall not be assignable or delegable in whole or in part by the Employee. The Employer may assign its rights, together with its obligations hereunder, in
            connection with any sale, transfer or other disposition of all or substantially all of its business and assets, and such rights and obligations shall inure to, and be binding upon, any successor to the business or any successor to substantially all of the assets of the Employer, as applicable, whether by merger, purchase of stock

          or assets or otherwise, which successor shall expressly assume such obligations, and the Employee acknowledges that in such event the obligations of the Employee hereunder, including but not
          limited to those under Section 15, will continue to apply in favor of the successor. 

    

       

    
      9

      
        

    

    24. Company Policies. This Agreement and the compensation payable hereunder shall be subject to any applicable clawback or recoupment policies, share trading policies, and other policies that may be implemented by the Board from
          time to time with respect to officers of the Company; provided, that the repayment provisions in Sections 2(b) and 16(d) hereof shall not be modified unless required by applicable statute or regulation or by applicable rule of a regulatory or self regulatory organization.

     

    25. Indemnification. In the event the Employee is made, or threatened to be made, a party to any legal action or proceeding, whether civil or criminal, including any governmental or regulatory proceedings or investigations, by reason of the fact that the Employee is or was a director or officer of
          the Company, the Employee shall be indemnified by the Company, except to the extent such liability is attributable to the Employee's gross negligence or willful misconduct, and the Company shall pay the Employee's related expenses when and as
          incurred, to the fullest extent permitted by applicable law and the Company's articles of incorporation and bylaws. During the Employee's employment with the Company and after termination of the Employee's employment for any reason, the Company
          shall cover the Employee under the Company's directors' and officers' insurance policy applicable to other officers and directors according to the terms of such policy. 1n case any action, proceeding or claim is brought against the Employee in respect of which the Employee seeks
        indemnification from the Employer, the Employer shall be entitled to participate in and, unless a conflict of interest exists between the Employee and the Employer with respect to such action,
          proceeding or claim, to assume the defense thereof with counsel reasonably satisfactory to the Employee. 1n the event that the Employer advises the Employee that it will contest such
        a claim for indemnification hereunder, or fails, within thirty (30) days of receipt of any indemnification notice to notify the Employee, in writing, of its
      election to defend, settle or compromise, at its sole cost and expense, any action, proceeding or claim (or discontinues its defense at any time after it
        commences such defense), then the Employee may, at his option, defend, settle or otherwise compromise or pay such action or claim. In any event, unless and until the Employer elects in writing to assume and does so assume the defense of any such claim, proceeding or action, the Employee's costs and
        expenses arising out of the defense, settlement or compromise of any such action, claim or proceeding shall be losses subject to indemnification hereunder,
        provided that the Company shall pay Employee's legal fees and expenses for his defense of any such action, claim or proceeding as such fees and expenses are
        incurred by Employee and Employee delivers invoices for such fees and expenses to the Company for payment. The Employee shall cooperate fully with the Employer in connection with any negotiation or defense of any such action or claim by the Employer and shall furnish to the Employer all information reasonably available to the indemnified party, which relates to such action
        or claim.

    

       

    26. Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto and supersedes any and all prior agreements and
            understandings concerning the Employee's employment by the Employer. This Agreement may be changed only by a written document signed by the Employee and the Employer.

     

    27. Severability. If any provision of this Agreement or application thereof to anyone or under any circumstances is adjudicated to be invalid or
            unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect any other provision or application of this Agreement, which can be given effect without the invalid
            or unenforceable provision or application and shall not invalidate or render unenforceable such provision or application in any other jurisdiction.   If any provision is held void, invalid or unenforceable with respect to particular circumstances, it shall nevertheless remain in full force and effect in all other
        circumstances. 

     

    28. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the substantive and procedural laws of
          the United States Virgin Islands without regard to rules governing conflicts of law.

     

    29. Counterparts. This Agreement may be executed in any number of counterparts (including facsimile counterparts, .pdf copy counterparts
            transmitted via email, or similar electronically signed counterparts), each of which shall be an original, but all of which together shall constitute one instrument.

    

       

    
      10

      
        

    

    
      [Remainder of page intentionally left blank. Signature page(s) immediately follow.] 

      

         

      IN WI1NESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

      

         

    

    
      
        	
                 

              	
                EMPLOYER:

              	
                 

              
	
                 

              	

                 	
                 

              
	 	Altisource Asset Management Corporation	 
	 	 	 
	 	/s/ Thomas K. McCarthy	 
	 	Name: Thomas K. McCarthy 	 
	 	Title: Chief Executive Officer	 
	 	
                Date: June 28, 2021
                

              	 

          

      

         

       
      
        	
                 

              	
                EMPLOYEE

              	 
	
                 

              	 

                 	 
	 	/s/ Stephen Krallman 	 
	
                 

              	
                Name: Stephen Krallman 

              	 
	 	Date: May 24, 2021	 

          

      

         

      

        11Exhibit
10.1

 

THIS
WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT OR APPLICABLE EXEMPTION OR SAFE HARBOR PROVISION.

 

COMMON
STOCK PURCHASE WARRANT

homeland
resources ltd.

**AMENDED
JUNE 28, 2021**

 

	Warrant
    Shares: 50,000,000	Initial
    Issue Date: June 22, 2021

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, FOMO CORP., or its assigns (the
“Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set
forth, at any time on or after the date hereof (the “Initial Issue Date”) and on or prior to the close of business
on the five (5) year anniversary of the Initial Issue Date (as subject to adjustment hereunder, the “Termination Date”),
to subscribe for and purchase from Homeland Resources Ltd. a Nevada corporation (the “Company”), up to 50,000,000
shares (as subject to adjustment herein, the “Warrant Shares”) of common stock of the Company (the “Common
Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined
in Section 1.2.

 

ARTICLE
1 EXERCISE RIGHTS

 

The
Holder will have the right to exercise this Warrant to purchase shares of Common Stock as set forth below.

 

1.1
Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, from and after
the Initial Issue Date, and then at any time, by delivery to the Company (or such other office or agency of the Company as it may designate
by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed
facsimile or emailed copy of the Notice of Exercise form annexed hereto. Within three (3) business days following the date of exercise
as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by
wire transfer or check drawn on a United States bank unless the cashless exercise procedure specified in Section 1.3 below is specified
in the applicable Notice of Exercise. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant
Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount
equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant
Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise form within 24 hours
of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions
of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase
hereunder at any given time may be less than the amount stated on the face hereof.

 

1.2
Exercise Price. The exercise price per share of Common Stock under this Warrant shall be $0.0001 per share, subject to adjustment
hereunder (the “Exercise Price”).

 

1.3
Cashless Exercise. In the event that shares covered by this Warrant are not subject to a registration statement at the time of
exercise, then, in addition to a cash exercise, this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless
exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing
[(A-B) (X)] by (A), where:

 

(A)
= the closing price of the Common Stock immediately preceding the date on which Holder elects to exercise this Warrant by means of a
“cashless exercise,” as set forth in the applicable Notice of Exercise;

 

    	1

     

    

 

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)
= the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
exercise were by means of a cash exercise rather than a cashless exercise.

 

1.4
Delivery of Warrant Shares. Warrant Shares purchased hereunder will be delivered to Holder by 2:30 pm EST within three (3) business
days of Notice of Exercise by “DWAC/FAST” electronic transfer (such date, the “Warrant Share Delivery Date”)
or by delivery of physical certificate. For example, if Holder delivers a Notice of Exercise to the Company at 5:15 pm eastern time on
Monday January 1st, the Company’s transfer agent must deliver shares to Holder’s broker via “DWAC/FAST”
electronic transfer by no later than 2:30 pm eastern time on Wednesday January 3rd. The Warrant Shares shall be deemed to
have been issued, and Holder or any other person so designated to be named therein shall be deemed to have become a holder of record
of such shares for all purposes, as of the date of delivery of the Notice of Exercise. Holder may assess penalties or liquidated damages
(both referred to herein as “penalties”) as follows. For each exercise, in the event that shares are not delivered by the
third business day (inclusive of the day of exercise), the Company shall pay the Holder in cash a penalty of $1,000 per day for each
day after the third business day (inclusive of the day of exercise) until share delivery is made. The Company will not be subject to
any penalties once its transfer agent correctly processes the shares to the DWAC system. The Company will make its best efforts to
deliver the Warrant Shares to the Holder the same day or next day.

 

1.5
Delivery of Warrant. The Holder shall not be required to physically surrender this Warrant to the Company. If the Holder has purchased
all of the Warrant Shares available hereunder and the Warrant has been exercised in full, this Warrant shall automatically be cancelled
without the need to surrender the Warrant to the Company for cancellation. If this Warrant shall have been exercised in part, the Company
shall, at the request of Holder and upon surrender of this Warrant, at the time of delivery of the Warrant Shares, deliver to the Holder
a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant
shall in all other respects be identical with this Warrant and, for purposes of Rule 144, shall tack back to the original date of this
Warrant.

 

1.6
Warrant Exercise Rescission Rights. For any reason in Holder’s sole discretion, including if the Warrant Shares are not
delivered by DWAC/FAST electronic transfer or in accordance with the timeframe stated in Section 1.4, or for any other reason, Holder
may, at any time prior to selling those Warrant Shares rescind such exercise, in whole or in part, in which case the Company must, within
three (3) days of receipt of notice from the Holder, repay to the Holder the portion of the exercise price so rescinded and reinstate
the portion of the Warrant and equivalent number of Warrant Shares for which the exercise was rescinded and, for purposes of Rule 144,
such reinstated portion of the Warrant and the Warrant Shares shall tack back to the original date of this Warrant. If Warrant Shares
were issued to Holder prior to Holder’s rescission notice, upon return of payment from the Company, Holder will, within three (3)
days of receipt of payment, commence procedures to return the Warrant Shares to the Company.

 

1.7
Compensation for Buy-In on Failure to Timely Deliver Certificates Upon Exercise. In addition to any other rights available to
the Holder, if the Company fails to cause its transfer agent to transmit to the Holder the Warrant Shares on or before the Warrant Share
Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or
the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the
Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A)
pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions and
other fees, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant
Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the
sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either (x) reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be
deemed rescinded), (y) deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely
complied with its exercise and delivery obligations hereunder, or (z) pay in cash to the Holder the amount obtained by multiplying (1)
the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2)
the price at which the sell order giving rise to such purchase obligation was executed. The Holder shall provide the Company written
notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount
of such loss.

 

    	2

     

    

 

1.8
Make-Whole for Market Loss after Exercise. At the Holder’s election, if the Company fails for any reason to deliver to the
Holder the Warrant Shares by DWAC/FAST electronic transfer (such as by delivering a physical certificate) and if the Holder incurs a
Market Price Loss, then at any time subsequent to incurring the loss the Holder may provide the Company written notice indicating the
amounts payable to the Holder in respect of the Market Price Loss and the Company must make the Holder whole as follows:

 

Market
Price Loss = [(High trade price on the day of exercise) x (Number of Warrant Shares)] – [(Sales price realized by Holder) x (Number
of Warrant Shares)]

 

The
Company must pay the Market Price Loss by cash payment, and any such cash payment must be made by the third business day from the time
of the Holder’s written notice to the Company.

 

1.9
Make-Whole for Failure to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the
Holder the Warrant Shares by the Warrant Share Delivery Date and if the Holder incurs a Failure to Deliver Loss, then at any time the
Holder may provide the Company written notice indicating the amounts payable to the Holder in respect of the Failure to Deliver Loss
and the Company must make the Holder whole as follows:

 

Failure
to Deliver Loss = [(High trade price at any time on or after the day of exercise) x (Number of Warrant Shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day from the
time of the Holder’s written notice to the Company.

 

1.10
Choice of Remedies. Nothing herein, including, but not limited to, Holder’s electing to pursue its rights under Sections
1.8 or 1.9 of this Warrant, shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity
including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure
to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

1.11
Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax
or other incidental expense in respect of the issuance of such shares, all of which taxes and expenses shall be paid by the Company,
and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder. The Company
shall pay all transfer agent fees required for same-day processing of any Notice of Exercise.

 

1.12
Holder’s Exercise Limitations. None.

 

ARTICLE
2 ADJUSTMENTS

 

2.1
Stock Dividends and Splits. If the Company, at any other time while this Warrant is outstanding: (i) pays a stock dividend or
otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise
of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way
of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues by reclassification of shares
of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied by a fraction
of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before
such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the
number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this
Warrant shall remain unchanged. Any adjustment made pursuant to this Section 2.1 shall become effective immediately after the record
date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after
the effective date in the case of a subdivision, combination or re-classification.

 

    	3

     

    

 

2.2
Pro Rata Distributions. If the Company, at any time while this Warrant is outstanding, shall distribute to all holders of Common
Stock (and not to the Holder) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants to subscribe
for or purchase any security other than the Common Stock, then in each such case the Exercise Price shall be adjusted by multiplying
the Exercise Price in effect immediately prior to the record date fixed for determination of stockholders entitled to receive such distribution
by a fraction of which the denominator shall be the VWAP determined as of the record date mentioned above, and of which the numerator
shall be such VWAP on such record date less the then per share fair market value at such record date of the portion of such assets or
evidence of indebtedness or rights or warrants so distributed applicable to one outstanding share of the Common Stock as determined by
the Board of Directors in good faith. In either case the adjustments shall be described in a statement provided to the Holder of the
portion of assets or evidences of indebtedness so distributed or such subscription rights applicable to one share of Common Stock. Such
adjustment shall be made whenever any such distribution is made and shall become effective immediately after the record date mentioned
above.

 

2.3
Dilutive Issuances. Commencing on the Issue Date and continuing until this Warrant is either exercised in full or expires, in
case the Company shall at any time after the date hereof issue or sell any (a) shares of Common Stock or preferred shares convertible
into Common Stock, or (b) debt, warrants, options or other instruments or securities which are convertible into or exercisable for shares
of Common Stock (together herein referred to as “Equity Securities”), in each case for consideration (or with
a conversion price) per common share less than the Exercise Price in effect immediately prior to the issuance or sale of such securities
or instruments, or without consideration, then forthwith upon such issuance or sale, the Exercise Price shall (until another such issuance
or sale) be automatically reduced to the price (calculated to the nearest full cent) equal to the price (or conversion price) of any
such securities or instruments and the number of shares issuable under this Warrant shall be proportionately increased. For the purposes
of this Section 2.3, the term Exercise Price shall mean the Exercise Price per share set forth in Section 1.2 hereof, as adjusted from
time to time pursuant to the provisions of this Section.

 

2.3
Notice to Holder. Whenever the Exercise Price is adjusted pursuant to any provision of this Article 2, the Company shall promptly
notify the Holder (by written notice) setting forth the Exercise Price after such adjustment and any resulting adjustment to the number
of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ARTICLE
3 COMPANY COVENANTS

 

3.1
Reservation of Shares. As of the issuance date of this Warrant and for the remaining period during which the Warrant is exercisable
and upon performing a share increase to facilitate growth, the Company will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of Warrant Shares upon the full exercise of this Warrant. The Company represents that upon
issuance, such Warrant Shares will be duly and validly issued, fully paid and non-assessable. The Company agrees that its issuance of
this Warrant constitutes full authority to its officers, agents and transfer agents who are charged with the duty of executing and issuing
shares to execute and issue the necessary Warrant Shares upon the exercise of this Warrant. No further approval or authority of the stockholders
of the Board of Directors of the Company is required for the issuance of the Warrant Shares.

 

3.2
No Adverse Actions. Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including,
without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of
the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without
limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable
therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and non-assessable Warrant Shares upon the exercise of this Warrant
and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body
having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

    	4

     

    

 

ARTICLE
4 MISCELLANEOUS

 

4.1
Representation by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant
and, upon any exercise hereof, will acquire the Warrant Shares issuable upon such exercise, for its own account and not with a view to
or for distributing or reselling such Warrant Shares or any part thereof in violation of the Securities Act or any applicable state securities
law, except pursuant to sales registered or exempted under the Securities Act.

 

4.2
Transferability. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including,
without limitation, any registration rights) are transferable, in whole or in part, by a written assignment of this Warrant duly executed
by the Holder or its agent or attorney. If necessary to obtain a new warrant for any assignee, the Company, upon surrender of this Warrant,
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination
or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of
this Warrant not so assigned, and such new Warrants, for purposes of Rule 144, shall tack back to the original date of this Warrant.
The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

 

4.3
Assignability. The Company may not assign this Warrant. This Warrant will be binding upon the Company and its successors, and
will inure to the benefit of the Holder and its successors and assigns, and may be assigned by the Holder to anyone of its choosing without
the Company’s approval.

 

4.4
Notices. Any notice required or permitted hereunder must be in writing and either personally served, sent by facsimile or email
transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission if by facsimile
or email, and if by overnight courier the business day after such notice is deposited with the courier service for delivery.

 

4.5
Governing Law. This Warrant will be governed by, and construed and enforced in accordance with, the laws of the State of Nevada,
without regard to the conflict of laws principles thereof. Any action brought by either party against the other concerning the transactions
contemplated by this Warrant shall be brought only in the state courts of Nevada or in the federal courts located in the State of Nevada.
Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

 

4.6
Delivery of Process by Holder to the Company. In the event of any action or proceeding by Holder against the Company, and only
by Holder against the Company, service of copies of summons and/or complaint and/or any other process which may be served in any such
action or proceeding may be made by Holder via U.S. Mail, overnight delivery service such as FedEx or UPS, email, fax, or process server,
or by mailing or otherwise delivering a copy of such process to the Company at its last known address or to its last known attorney set
forth in its most recent SEC filing.

 

4.7
Rights as Stockholder. This Warrant entitle the Holder to voting rights, dividends or other rights as a stockholder of the Company
prior to the exercise hereof as set forth in Section 1.1. So long as this Warrant is unexercised, this Warrant carries voting rights
and conveys to the Holder such proportionate “control” over the Company, as such term may be interpreted by the SEC under
the Securities Act or the Exchange Act, regardless of whether the price of the Company’s Common Stock exceeds the Exercise Price.

 

4.8
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant
to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of
the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

    	5

     

    

 

4.9
Attorney Fees. In the event any attorney is employed by either party to this Warrant with regard to any legal or equitable action,
arbitration or other proceeding brought by such party for the enforcement of this Warrant or because of an alleged dispute, breach, default
or misrepresentation in connection with any of the provisions of this Warrant, the prevailing party in such proceeding will be entitled
to recover from the other party reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief
to which the prevailing party may be entitled.

 

4.10
Opinion of Counsel. In the event that an opinion of counsel is needed for any matter related to this Warrant, Holder has the right
to have any such opinion provided by its counsel. Holder also has the right to have any such opinion provided by the Company’s
counsel.

 

4.11
Nonwaiver. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as
a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies.

 

4.12
Amendment Provision. The term “Warrant” and all references thereto, as used throughout this instrument, means this
instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.13
No Shorting. Holder agrees that so long as this Warrant remains unexercised in whole or in part, Holder will not enter into or
effect any “short sale” of the common stock or hedging transaction which establishes a net short position with respect to
the common stock of the Company. The Company acknowledges and agrees that as of the date of delivery to the Company of a fully and accurately
completed Notice of Exercise, Holder immediately owns the common shares described in the Notice of Exercise and any sale of those shares
issuable under such Notice of Exercise would not be considered short sales.

 

*        
*        *

 

    	6

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above
indicated.

 

	 	HOMELAND RESOURCES LTD.
	 	 	 
	 	 	
	 	By:
    	Vikram
    P Grover
	 	 	CEO

 

    	7

     

    

 

NOTICE
OF EXERCISE

 

	To:	HOMELAND
    RESOURCES LTD.

 

(1)
The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2)
Payment shall take the form of (check applicable box):

 

[  ] in lawful money of the United States; or

 

[  ] the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in Section 1.3, to exercise
this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in
Section 1.3.

 

(3)
Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is
specified below:

 

_____________________________

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

 

______________________________

 

______________________________

 

______________________________

 

(4)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under the
Securities Act of 1933, as amended.

 

[SIGNATURE
OF HOLDER]

 

Name:
_______________________________________

Date:
________________________________________

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